Category: Ahead
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Dollar stabilizes ahead of key employment data; euro slips back By Investing.com
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Investing.com – The US dollar rose in early European trade on Tuesday, rebounding after sharp losses overnight, while the euro fell after weak German employment data. At 04:45 EDT (08:45 GMT), the dollar index, which tracks the US currency against a basket of six other currencies, rose 0.1% to 104.165,…
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Dollar steadies ahead of U.S. growth, inflation data By Investing.com
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Investing.com – The U.S. dollar settled near two-week highs in early European trading on Thursday, supported by rising yields and increasing conviction that the Federal Reserve won’t cut interest rates anytime soon. At 04:35 EDT (08:35 GMT), the dollar index, which tracks the greenback against a basket of six other…
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Dollar rebounds ahead of PCE release; euro slips after German retail sales By Investing.com
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Investing.com – The US dollar rose slightly in early European trade on Friday, rebounding from the previous session’s losses ahead of key inflation data, which could push future interest rate expectations. At 04:30 EST (08:30 GMT), the dollar index, which tracks the greenback against a basket of six other currencies,…
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Dollar steady ahead of inflation data, yen hits 4-week low By Reuters
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Written by Ankur Banerjee SINGAPORE (Reuters) – The dollar received support on Wednesday thanks to growing expectations that the Federal Reserve (U.S. central bank) is unlikely to cut interest rates until later this year ahead of crucial inflation readings this week, while the yen drifted to its weakest levels in…
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FX lightly changed ahead of European morning trade
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The tension and attraction between major currencies has continued since last week. The dollar looked like it might finally fall early yesterday, but turned things around as yields rose. The latter influenced the risk-on sentiment and also helped maintain dollar support to start the week. Here’s a quick look at…
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Dollar slips lower ahead of core PCE release; euro gains By Investing.com
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Investing.com – The US dollar fell in early European trade on Tuesday amid a slight rise in risk sentiment, but traded in narrow ranges ahead of key inflation data. At 04:25 EDT (08:25 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was down…
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JPMorgan recommends defensive, commodity stocks ahead of rate cuts By Investing.com
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Strategists at JP Morgan believe investors should consider a shift toward defensive stocks and commodity stocks in anticipation of upcoming interest rate cuts by central banks. Historically, defenses have suffered when bond yields have been rising, but that phase may be ending, the Wall Street giant notes. Now, during the…
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Dollar loses some ground ahead of key global inflation readings By Reuters
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By Ray Wee SINGAPORE (Reuters) – The dollar fell on Tuesday on a slight rise in risk appetite, but remained in narrow ranges against peers ahead of key inflation data from major economies this week that may guide global interest rate expectations. The euro rose 0.16 percent to $1.0877 despite…
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FX Watch: How High Can AUD/JPY Fly Ahead of Australia’s CPI?
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AUD/JPY is hitting a major technical resistance area ahead of the monthly CPI release in Australia! In case you missed the latest overall market summary, you should know that traders are riding a risk-friendly wave as traders price in potential interest rate cuts by major central banks like the Federal…
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Stocks Rise, Dollar Slips Ahead of Inflation Data: Markets Wrap
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(Bloomberg) — Asian stocks rose Tuesday as the dollar fell ahead of a string of inflation that is expected to impact the direction of global monetary policy. Most read from Bloomberg The MSCI AC Asia-Pacific Index rose, with stocks in Hong Kong leading gains in Asia. Markets in Japan and…
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Aurobindo Pharma Outperforms Expectations with Strong Q4, Eyes Robust Growth Ahead By Investing.com
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Aurobindo Pharma (NS:) outperformed expectations in 4QFY24, with both sales and EBITDA showing significant year-on-year growth. Sales rose 17%, while EBITDA rose an impressive 68%, beating Goldman Sachs (NYSE:) expectations and those of the broader market. This strong performance was driven by strong growth in key geographic markets, both developed…
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Week Ahead in FX (May 27 – 31): Global GDP and Inflation Updates Plus China’s PMIs
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The PMIs are out and now it’s time for the leading lagging indicators to take center stage! Inflation updates may move interest rate expectations for major central banks, while global GDP releases may influence the strength of individual currencies in the next few days. Before all that, ICYMI, I wrote…
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This Shiba Inu Rival Rallies 20% Ahead of an Important Announcement: Details
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Turkish lire; Dr Floki Inu (FLOKI) has seen a 20% rise in the past 24 hours, boosting its market capitalization to around $2.6 billion and reclaiming fifth place in the meme coin sector. Increased interest from traders, upcoming announcements, and massive token burning by Floki DAO may have contributed to…
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Dollar firm ahead of global inflation data By Reuters
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Written by Tom Westbrook SINGAPORE (Reuters) – The dollar got off to a steady start to the week on Monday, with investors focusing on inflation data in the United States, Europe and Japan to guide global interest rate expectations. Searches for “carry” have dominated foreign exchange trading in recent months,…
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Earnings week ahead: Salesforce, Costco, Canopy Growth, Dell, Dollar General, and more
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Nikolaeva Elena The last week of May, although shortened by the holiday, is still packed with major earnings reports from various sectors. The list of notable names includes Salesforce (New York Stock Exchange: Customer Relationship Management), Costco Wholesale (Nasdaq: Cost) and canopy growth (Nasdaq: CGC). On the technological front, investors…
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UK retail sales the highlight of the agenda in the session ahead
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The dollar benefited from yesterday’s US PMI data, along with a reversal in risk sentiment. US indices in particular ended with losses after starting the day brightly on the back of Nvidia’s increased profits. This leaves us with an atmosphere of caution in the final period of the week. For…
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ETH Maintains $3.8K Price Ahead of SEC ETF Decision, BTC Slips Below $70K (Market Watch)
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Bitcoin price action has calmed over the past day after rising to $72,000, and the asset has lost some ground since yesterday, as it currently sits below $70,000. Ethereum continues to present a strong front as anticipation grows for today’s SEC decision regarding an ETH ETF. BTC slides below $70,000…
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ETH Maintains $3.8K Price Ahead of SEC ETF Decision, BTC Slips Below $70K (Market Watch)
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Bitcoin price action has calmed over the past day after rising to $72,000, and the asset has lost some ground since yesterday, as it currently sits below $70,000. Ethereum continues to present a strong front as anticipation grows for today’s SEC decision regarding an ETH ETF. BTC slides below $70,000…
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US stocks closed lower ahead of Nvidia earnings
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All major US stock indices closed lower, led by the Dow Jones Industrial Average, which fell -0.51%. Nvidia’s post-close earnings were released with expectations of $5.65 on revenue of $24.69 billion (give or take – I see other estimates of $5.60 on $24.60 billion). The company reported adjusted EPS of…
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Dollar steady ahead of Fed minutes, sterling gains on CPI release By Investing.com
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Investing.com – The US dollar traded calmly on Wednesday ahead of the release of minutes from the Federal Reserve’s latest meeting, while the British pound rose as inflation fell less than expected in April. At 04:55 ET (08:55 GMT), the dollar index, which tracks the greenback against a basket of…