Category: Bets
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Asia FX advances as rate cut bets put dollar near 2-mth low By Investing.com
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Investing.com — Most Asian currencies rose on Thursday, tracking dollar weakness as soft employment data continued to flow, raising bets that the Federal Reserve will start cutting interest rates in the coming months. The US currency hovered just above its lowest level in two months, and remained weak as expectations…
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Futures edge higher as rate-cut bets tick up; key data awaited By Reuters
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(Reuters) – US stock index futures rose on Wednesday as investors increased their bets on an earlier start to interest rate cuts by the Federal Reserve (the US central bank) this year than previously expected, after a series of economic data that indicated a slowdown in growth. Economic. Wall Street…
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Cathie Wood’s Ark Investment Management Bets Big On Elon Musk’s AI Venture, XAI
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A picture of the economic era In a move that underscores the growing importance of artificial intelligence (AI) in the global technology landscape, Cathie Wood’s Ark Investment Management has made a major investment in Elon Musk’s artificial intelligence startup, xAI. This strategic acquisition, which represents approximately 2% of Ark’s holdings,…
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European Stocks Slip as Fed Rate Bets Pushed Back: Markets Wrap
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(Bloomberg) — European stocks fell on Friday, tracking declines in the U.S. and Asia, as traders retreated from expectations of the Federal Reserve’s first interest rate cut. Most read from Bloomberg The Stoxx Europe 600 index fell 0.5%, heading for its first weekly decline in three weeks, with technology and…
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Asia FX nurses losses as dollar hits 10-day high on easing rate cut bets By Investing.com
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Investing.com — Most Asian currencies fell on Friday and suffered sharp losses against the dollar, as hawkish signals on inflation and interest rates led traders to price in expectations of interest rate cuts in 2024. Sentiment towards Asian markets was also shaken by signs of a renewed trade war between…
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US stocks pare gains as spiking yields on fading rate-cut bets offset Nvidia rally By Investing.com
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Investing.com — U.S. stocks gave up gains on Tuesday, after Treasury yields rose as data pointing to signs of steady inflation dampened interest rate cut hopes, offsetting Nvidia-led charges in technology stocks. At 14:28 ET (18:28 GMT), it was down 589 points, or 1.5%, while down 0.8%, and the heavy…
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ING anticipates EUR/GBP rise as BoE rate cut bets increase By Investing.com
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Broker ING flagged potential downside risks for the British pound, noting the currency’s recent decline from its peak against the euro. The sensitivity of the pound to the performance of US stocks has been highlighted as a contributing factor to its movement. The company also noted a decline in the…
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Dollar soft on renewed rate cut bets; yen starts week on back foot By Reuters
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By Samuel Indyk and Ankur Banerjee LONDON (Reuters) – The dollar fell slightly on Monday as a weak U.S. jobs report boosted bets that the Federal Reserve may cut interest rates this year, while the yen fell after suspected intervention last week sparked a wave of volatility. Last week, the…
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Bearish bets on most Asian FX climb to multi-month highs: Reuters poll By Reuters
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By Himanshi Akhand (Reuters) – A Reuters poll showed on Thursday that short bets on most Asian currencies rose to touch multi-month highs as growing expectations that US interest rates will remain high for a longer period led to a decline in appetite for riskier assets. Bearish positions on the…