Category: Ahead
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FX Watch: GBP/USD’s Downtrend Opportunity Ahead of the U.K. Jobs Report
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The pound is testing downside resistance levels ahead of UK labor market data! If you’ve read our latest Weekly Forex DigestYou will know that the US dollar has found some support as more Fed officials announced that they are in no rush to cut interest rates soon. Meanwhile, at least…
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Week Ahead in FX (May 13 – 17): U.S. Inflation Plus U.K. And Australia’s Jobs Reports
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The US Dollar is in for another busy week as Uncle Sam publishes the latest inflation reports! Meanwhile, labor market updates from the UK and Australia are expected to increase volatility for the British pound and Australian dollar. We’ve got a diary on this week’s most watched data releases! Before…
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Newsquawk Week Ahead: Highlights include US CPI, US Retail Sales, UK and Australian Jobs
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Next week May 13-17: He sat down: Chinese inflation (April) Monday: Eurogroup meeting, New Zealand inflation expectations (Q2) Tuesday: OPEC monthly report, German final CPI (April), UK jobs report (April/March), German ZEW survey (May), US PPI (April) married: People’s Bank of China (PBoC) Multilateral, Riksbank Minutes, IEA OMR, Australian Wage…
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France wins jobs at Morgan Stanley and other investments ahead of key summit By Reuters
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Written by Sudip Kar Gupta PARIS (Reuters) – France said Morgan Stanley will open a new European office in Paris, while two other firms announced a joint investment of 700 million euros ($753.8 million), as the country prepares to host an important annual foreign investment summit. Wall Street bank Morgan…
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Futures rise ahead of data, speeches from Fed officials By Reuters
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(Reuters) – US stock index futures rose on Friday, with focus on the speeches of Federal Reserve officials (the US central bank) after economic data issued this week supported bets on lowering US interest rates and raised investor sentiment. Wall Street indexes returned to record levels after last month’s sell-off,…
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Dollar edges higher, helped by hawkish Fed speakers ; Sterling slips ahead of BOE By Investing.com
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Investing.com – The US dollar rose on Thursday, trading in a narrow range ahead of important US inflation data next week, while the pound fell ahead of the Bank of England’s policy meeting. At 04:35 EDT (08:35 GMT), the dollar index, which tracks the greenback against a basket of six…
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A look at the BOE rates pricing ahead of the policy decision later
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or all…
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FX Watch: EUR/GBP to Make New May Highs Ahead of the BOE Event?
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The pound has lost points against the euro so far in May. While there are no headlines explaining the euro’s gains against sterling, traders may take into account concerns about growth in the UK and the improving outlook for growth in the euro zone. Traders who may have been pricing…
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GBPUSD Technical Analysis – A look at the chart ahead of the BOE decision
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Basic overview The US dollar has weakened across the board recently due to a more dovish than expected FOMC decision last week as the Fed decided to signal a further tapering of the QT period starting in June and Fed Chairman Powell repeatedly rejected expectations of a rate hike. Furthermore,…
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USD/JPY buyers face ‘treacherous’ path ahead as Japan likely to intervene again By Investing.com
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Investing.com – The bet on the dollar against the yen has been a hot forex trade that has dominated flows, but the trade could now head down a “treacherous” path ahead, Macquarie warns, with Japan likely to follow suit. Last week’s intervention that sent the Japanese currency higher amid revived…
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AUDUSD Technical Analysis – The pair is at a key resistance ahead of the RBA
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The US dollar weakened across the board last week due to a more pessimistic-than-expected FOMC decision, as the Fed decided to signal a further tapering of the QT period starting in June, and Fed Chair Powell also repeatedly backtracked on interest rate hike expectations. . Furthermore, data released on Friday…
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BTIG sees “murky” road ahead for cannabis reclassification (NASDAQ:TLRY)
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Screenshots While the White House’s move to propose reclassifying marijuana as a less dangerous drug would certainly be a huge accomplishment for the cannabis industry, the path to implementation remains “long and opaque,” according to BTIG analysts. In a recent memo, BTIG acknowledged that reports that the Biden administration is…
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Newsquawk Week Ahead: Highlights include RBA, BoE, BoJ SOO, Canada Jobs, UK GDP
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Mon: UK Bank Holiday; EZ Final Composite & Services PMIs (Apr), Sentix (May) Producer Prices (Mar). Tue: RBA Announcement, EIA STEO; Swiss Unemployment (Apr), German Trade Balance (Mar), EZ Construction PMI (Apr). Wed: Norges Bank H1 Financial Stability Report, Riksbank Announcement, BCB Announcement; German Industrial Output (Mar), Italian Retail Sales…
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Dollar on back foot ahead of jobs report; yen on track for hefty weekly gains By Investing.com
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Investing.com – The US dollar fell slightly on Friday, as activity eased ahead of the widely watched monthly US jobs report, and the Japanese yen braced for its next week in more than a year. At 04:25 EDT (08:25 GMT), the dollar index, which tracks the greenback against a basket…
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Stock market today: Asian shares advance ahead of US jobs report
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Breadcrumb links BMN Business Article writer: Associated Press Eileen Kurtenbach Published on May 3, 2024 • 3 minute read You can save this article by registering for free here. Or log in if you have an account. Article content Most Asian stocks rose on Friday ahead of a report on…
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Gold prices tread water as rate fears grow ahead of nonfarm payrolls By Investing.com
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Investing.com — Gold prices moved slightly in Asian trade on Friday, as markets remained hesitant towards the yellow metal ahead of the release of key US jobs data, while the possibility of higher interest rates for a longer period puts gold on track for weekly losses. The yellow metal has…
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ADP reports earnings ahead of analyst estimates By Investing.com
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ROSELAND – The Automated Data Processing Company (NASDAQ:) posted a modest beat on third-quarter earnings, with adjusted EPS of $2.88, beating analysts’ estimates of $2.79. The company’s revenue also saw a slight increase, reaching $5.25 billion, slightly above the consensus estimate of $5.23 billion. The company’s shares saw a slight…
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Dollar near five-month highs ahead of Fed policy decision By Reuters
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Written by Alun John LONDON (Reuters) – The dollar rose towards its highest levels this year against a basket of its counterparts and US stock futures fell on Wednesday ahead of the Federal Reserve’s monetary policy decision, although trading was weak with many European and Asian markets closed. . The…