Category: broad
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Microsoft faces broad antitrust investigation from U.S. FTC
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The US Federal Trade Commission has opened an antitrust investigation into Microsoft Corp, looking into everything from the company’s cloud computing and software licensing businesses to its cybersecurity offerings and artificial intelligence products. After more than a year of informal interviews with competitors and business partners, antitrust officials have drafted…
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Daily Broad Market Recap – November 12, 2024
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Markets showed mixed sentiment today as traders likely positioned themselves ahead of FOMC members’ speeches, while Bitcoin continued its post-election rally to new highs. Learn about the main headlines that affected price movement in financial markets in the past trading sessions: Titles: Westpac-MI Consumer sentiment in Australia slowed from 6.2%…
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Daily Broad Market Recap – November 12, 2024
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Markets showed mixed sentiment today as traders likely positioned themselves ahead of FOMC members’ speeches, while Bitcoin continued its post-election rally to new highs. Learn about the main headlines that affected price movement in financial markets in the past trading sessions: Titles: Westpac-MI Consumer sentiment in Australia slowed from 6.2%…
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Daily Broad Market Recap – November 11, 2024
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US and Canadian banks were closed for the holiday, but that didn’t stop some asset classes like crude oil and Bitcoin from making volatile moves. Here’s what’s driving the markets so far. Titles: On Friday after the market closes The Standing Committee of the National People’s Congress confirmed 10 trillion…
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Daily Broad Market Recap – November 7, 2024
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The dust appears to have settled after the US election results were confirmed, with the US dollar paring some of its gains while Treasury yields fell. On the other hand, risk assets such as US stocks and Bitcoin continued their gains as the Federal Open Market Committee maintained its dovish…
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Daily Broad Market Recap – November 6, 2024
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Trump’s election victory dominated price action on Wednesday, sending most major assets to notable highs and lows. How did your favorite asset trade yesterday? Our deets: Titles: Trump’s expected election victory sent the US dollar, Treasury bond yields and stocks rising sharply German factory orders It jumped from -5.4% to…
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Daily Broad Market Recap – November 5, 2024
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All eyes were on the US elections on Tuesday, encouraging pre-event positioning and volatile price action among major assets. US dollar alternatives such as Bitcoin and gold rose, while US stocks found support from a potential Trump win. Titles: The Reserve Bank of Australia kept interest rates at 4.35% as…
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Daily Broad Market Recap – November 4, 2024
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Traders remained mostly on the sidelines on Monday, as traders priced in uncertainty over the US election and high-profile calendar events this week. However, crude oil got a small boost from OPEC+ delaying the plan to increase production, while Bitcoin, stocks and the US dollar unraveled some of the “Trump…
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Daily Broad Market Recap – October 31, 2024
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Profit taking was the name of the game on Thursday, as traders prepared for high-level US data releases, the US elections, and the end of the trading month. What are the major headlines that dominated the price movement in recent trading sessions? We break them down for you: Titles: China…
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Daily Broad Market Recap – October 30, 2024
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It was another volatile day in the financial markets, with currencies and asset classes dealing with a few top-tier catalysts. Not only did Uncle Sam print advanced Q3 GDP, but Australia also released its quarterly inflation report while big tech companies like Meta and Microsoft released earnings numbers. Check out…
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Daily Broad Market Recap – October 29, 2024
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Market correlations appear to be out of sync in recent trading sessions, as crude oil had its own path while US stocks reacted to earnings data. Gold advanced more than 1% on the day while BTC/USD rose to all-time highs at the $73,000 levels. What economic headlines and updates drive…
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Daily Broad Market Recap – October 28, 2024
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The coast was clear in terms of top-tier economic releases on Monday, but there was no shortage of major moves among major asset classes. Check the headlines that drive price action. Titles: Targeted Israeli air strikes Over the weekend, it avoided Iranian oil and nuclear facilities Liberal Democratic Party elections…
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Daily Broad Market Recap – October 24, 2024
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The market was focused on the rapid global Purchasing Managers’ Index (PMI) reports, which showed mixed results across major economies. How did asset classes and currencies perform? Check out the latest headlines that influenced the price action: Titles: Australian Judo Bank Manufacturing PMI fell from 46.7 to 46.6 in October,…
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Daily Broad Market Recap – October 23, 2024
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The major assets were all over the charts on Wednesday. US Treasury yields continued to rise, pushing the US dollar higher and dragging gold prices lower. Risk assets such as stocks and Bitcoin weakened, while crude oil prices failed to make new weekly highs. What were the catalysts that moved…
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Daily Broad Market Recap – October 22, 2024
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There was no significant data, leaving major assets exposed to current market issues and growing concerns about the US economy. How have your closely watched assets traded in recent trading sessions? Let’s discuss it below: Titles: Member of the European Central Bank Olly Wren He said the eurozone slowdown was…
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Daily Broad Market Recap – October 21, 2024
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Major assets were all over the charts on Monday despite the lack of high-level data releases. Crude oil found support from rising tensions in the Middle East while gold prices fell after hitting new record highs. How are your other closely monitored assets trading? We have deets! Titles: As expected,…
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Daily Broad Market Recap – October 17, 2024
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A busy trading calendar meant that major assets were exposed to asset-specific catalysts and new market themes! What headlines caught investors’ attention and how did your favorite asset trade? Let’s analyze the major market movements on Thursday: Titles: Japanese trade balance It shifted to a deficit of JPY294.24 billion in…
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Daily Broad Market Recap – October 16, 2024
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Major currencies and asset classes appear to be taking their cues from their individual catalysts, with UK inflation data and the “Trump trade” taking center stage. Crude Oil saw its usual downward trajectory, although the energy commodity managed to limit its losses in recent sessions compared to the sharp sell-off…
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Daily Broad Market Recap – October 15, 2024
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Some risk-off flows were seen in the markets, as crude oil continued to decline and US stock indices closed in the red. Meanwhile, volatility rose in the forex arena due to high-profile releases, including the UK jobs report and Canada’s CPI readings. Here’s what you need to know! Titles: Japanese…
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Daily Broad Market Recap – October 14, 2024
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Market correlations seemed to be all over the place on Monday, as Crude Oil experienced a massive sell-off while US stocks made good gains. What’s up with that?! Read on to see the latest headlines and economic reports driving price action so far: Titles: Chinese Minister of Finance She said…