Category: Daily
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Daily Broad Market Recap – August 1, 2024
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Just when August seemed to be off to a sluggish start, volatility in the financial markets reached a peak as the New York session approached. what happened after that? Here’s a quick summary of the headlines and economic updates that impacted the markets: headlines: Australian import prices recovered 1.0% q-o-q…
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Daily Broad Market Recap – July 31, 2024
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The last trading day of the month was a busy one for data traders as they priced in new updates from around the world. What headlines have moved major assets in recent trading sessions? We have a list for you: headlines: Price movement in the broad market: Dollar Index, Gold,…
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Daily Broad Market Recap – July 30, 2024
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Risk aversion was the name of the game on Tuesday, as caution ahead of this week’s major market events mixed with weaker U.S. technology stocks and rising geopolitical tensions in the Middle East. How have major assets behaved in recent trading sessions? We share the details: headlines: Australia Building Approvals…
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FX Daily Review: US Dollar Gets a Lift from Positive Economic Vibes
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the U.S. dollar US stocks rose today, supported by positive economic data and optimism about the resilience of the US economy. The June Job Openings and Labor Turnover Survey (JOLTS) showed job openings Decreased from 8.23 million to 8.18 millionexceeding analysts’ expectations. The Federal Reserve closely monitors the JOLTS data…
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The right investment basket – Business Daily
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As a general rule, people prefer to manage their finances on their own. Everyone does it in their own way, regardless of the compelling reasons behind each investment. In general, creating an ideal “investment basket” that suits your personal needs is of utmost importance, hence the importance of seeking investment…
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Daily Broad Market Recap – July 29, 2024
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A lack of data releases kept traders on the sidelines on Monday, leading to volatile price movements for most major assets. What headlines dominated the news agencies anyway? headlines: during the Weekend, British Chancellor of the Exchequer Rachel Reeves Beware ofMaking tough decisions about spending, social care, and taxes“After reviewing…
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Daily Broad Market Recap – July 25, 2024
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Major assets were poised to extend themes from the previous day when the US GDP release shook up overall price action. How did the major assets trade yesterday? We’re breaking down the headlines you might have missed! headlines: People’s Bank of China Surprisely Cuts Medium-Term Lending Facility Rates By 20…
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Daily Broad Market Recap – July 24, 2024
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The Japanese Yen was the pips king in the Forex market once again, posting its third consecutive day in the green with a solid performance. In contrast, US stocks suffered sharp losses due to a broad sell-off in technology stocks, while commodities also declined. Here are the market headlines you…
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Daily Broad Market Recap – July 23, 2024
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The US dollar has been steadily rising against most of its rivals in the foreign exchange market, but the Japanese yen has been a notable exception. Price action across other asset classes was hotter, with volatility rising but market correlations appearing to have broken down. What’s up with that?! Here…
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Daily FX Market Review: Pressure Mounts on Bank of Japan as Yen Rises for Second Day
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the Japanese Yen The pound rose for a second day in a row against the US dollar, supported by comments from a senior Japanese politician. Bank of Japan (BOJ) conducts Urged by Toshimitsu Motegia senior official in Japan’s ruling party, to more clearly indicate his intention. Monetary policy normalization. Normalization…
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Daily Broad Market Recap – July 22, 2024
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Political developments in the US and China’s surprise move to ease monetary policy dominated headlines earlier this week. How did asset classes react to this news? Here are the market headlines you need to know: headlines: US President Biden withdraws from presidential raceVice President Harris is endorsed as the Democratic…
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Daily Broad Market Recap – July 18, 2024
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High-yielding assets got off to a strong start, but ended up falling as the US dollar and bond yields regained the upper hand. What happened in the markets recently? Here are the updates you need to know: headlines: Employment Change in Australia in June: +50.2K (19.9K expected, 39.5K prior), Unemployment…
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Daily Broad Market Recap – July 17, 2024
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U.S. stocks and crude oil prices took their cues from individual catalysts on Wednesday and traded against their trends for the week. Meanwhile, the US dollar fell amid speculation that Japanese officials were intervening in the currency. Missed yesterday’s market headlines? We’ve got you covered! headlines: Melbourne Institute’s Leading Australian…
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Why Is Daily BTC Exchange Inflow So Low?
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Bitcoin defies gravity and has an amazing ability to withstand a wave of selling pressure from the Mt. Gox distribution. At the time of writing, Bitcoin has not only managed to hold above $60,000 but has also managed to hold above $62,500, a level that is particularly interesting to traders.…
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Why Is Daily BTC Exchange Inflow So Low?
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Bitcoin defies gravity and has an amazing ability to withstand a wave of selling pressure from the Mt. Gox distribution. At the time of writing, Bitcoin has not only managed to hold above $60,000 but has also managed to hold above $62,500, a level that is particularly interesting to traders.…
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Daily Broad Market Recap – July 16, 2024
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Major assets posted mixed results as markets priced in a strong US economy and increased chances of a Federal Reserve rate cut. Spot gold, bitcoin and US stocks rose, while US bond yields and the US dollar fell. We have the headlines you need to know about yesterday’s price action!…
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Daily FX Market Review: Cha-Ching! Retail Sales Surprise Sends Dollar Higher
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The US dollar rose for the second day in a row due to stronger-than-expected US retail sales. While overall retail sales remained unchanged.Retail sales excluding automobiles U.S. retail prices rose 0.4% in June. Yes, American shoppers were back on track in June, spending more on everything except cars. This rapid…
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Kenya rocked by protests – Business Daily
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Anti-government protests resumed in Kenya on Tuesday after a two-week hiatus, with the country’s youth demanding more reforms in both national and local governments. Although President William Ruto gave in to pressure from protesters and withdrew the Finance Bill 2024, He dismissed his entire government. Although the youth have demanded…