Category: Focus
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US stock futures rise with Fed, big tech earnings in focus By Investing.com
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U.S. stock index futures rose in overnight trading on Sunday as focus shifted to the Federal Reserve’s upcoming meeting for further signals on interest rate cuts. Also in focus was a string of second-quarter earnings from Wall Street heavyweights such as Apple Inc and Microsoft Corp, which are due in…
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USD/JPY volatility stays in focus after the bounce yesterday
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USD/JPY Daily Chart Yesterday’s low was touched at 151.93 and this was similar to the May low before it recovered. The decline failed to test the 200-day moving average (blue line), which we currently see at 151.58. But the sellers are still in control as the price has already dropped…
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As investors eye US presidential race, JPMorgan exec says focus should be on policies By Reuters
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Written by Divya Chaudhary and Mahnaz Yasmin U.S. stock markets will remain volatile ahead of November’s presidential election, but the candidates’ policies should take priority over responding to “inflammatory” rhetoric from their political parties, JPMorgan’s chief investment officer said Tuesday. “There’s a Republican trade and there’s a Democrat trade,” Richard…
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steady at $67k as weekend rally cools; US politics in focus By Investing.com
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Bitcoin rose slightly on Monday, stabilizing after a sharp rally over the weekend as President Joe Biden’s abandonment of his re-election bid increased uncertainty over the U.S. political outlook. The world’s largest cryptocurrency has surged in recent sessions amid growing bets that Republican front-runner Donald Trump, who has offered a…
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Why You Should Focus on the Process Instead of the Profits in Trading
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Many new traders in the Forex market always wonder how to make more profits from their trades. They try to set goals like trying to get a certain number of points per day or per month. I think it’s better to focus on the process first, rather than the outcome.…
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USD/JPY stays in focus as the swings continue
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USD/JPY Daily Chart The pair fell by about 1.3% yesterday, the biggest drop since Japan intervened in the market last Thursday. Before that, we have to look back to the beginning of May when Japan intervened again at that time. This indicates the importance of yesterday’s drop. But this was…
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Inflation data stays in focus in the session ahead
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The UK release will be the key release to watch, especially as a BoE rate cut in August remains a close possibility. Headline annual inflation is forecast to ease to 1.9%, but core annual inflation is expected to hold steady at 3.5%. Services inflation is holding steady and policymakers will…
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US data focus for Tuesday – June 2024 retail sales – the range of expectations to watch
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On Tuesday at 12:30 GMT, or 08:30 EST, we will get retail sales for June 2024. Consensus forecasts are shown in the table below. This image is taken from ForexLive’s economic data calendar, You can access it here.. As for the ranges, for monthly retail sales: Data results that fall…
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CNN to cut 100 jobs in major overhaul to focus on digital, memo shows By Reuters
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Written by Yuvraj Malik (Reuters) – CNN plans to cut about 100 jobs as part of a plan to consolidate its news operations and strengthen its digital business, according to an internal memo seen by Reuters on Wednesday. CNN International CEO Mark Thompson said in a memo to employees that…
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UK Chancellor Reeves speaks Monday: Focus on making economic growth a “national mission”
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Nigeria to focus on Blockchain and emerging tech with plans to deploy research centers
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Nigeria’s National Information Technology Development Agency (NITDA) is looking to roll out research centers geared towards emerging technologies like Blockchain. The initiative was Advertise By the Director General of the National Technology Development Agency, Kashifu Eno, at the West Africa Internet of Things Conference in Lagos. According to the Director…
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European Stocks Advance With Elections in Focus: Markets Wrap
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(Bloomberg) — European stocks rose as key elections took center stage and investors grew more optimistic about the viability of a Federal Reserve rate cut after U.S. economic data bolstered the case for easing. Most Read from Bloomberg France’s benchmark CAC 40 index rose for a second day in a…
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Japanese yen fragile as USDJPY nears 162; intervention in focus By Investing.com
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The Japanese yen held near its weakest level in 38 years on Thursday, with the currency’s recent slide and low liquidity during a U.S. market holiday raising fresh speculation about government intervention. The yen, which measures the number of yen needed to buy one dollar, was down 0.1% at 161.50…
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South African rand extends losses, focus on unity government’s reforms By Reuters
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JOHANNESBURG (Reuters) – South Africa’s rand extended losses on Tuesday after a turbulent start to the week as markets waited to see how the new national unity government would handle economic reform after forming a cabinet. By 11:31 GMT, the rand was trading at 18.475 against the dollar, down 0.6%…
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US Treasury yields boost dollar, Powell speech in focus By Reuters
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By Amanda Cooper and Stefano Ribaudo (Reuters) – Rising U.S. yields supported the dollar on Tuesday, while low-yielding currencies such as the Japanese yen felt pressure as investors awaited a speech by Federal Reserve Chairman Jerome Powell later in the session. Benchmark 10-year U.S. Treasury yields rose about 14 basis…
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Hywin to exit wealth, asset management businesses and focus on technology
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Hiwin Holding CompanyNasdaq:Hugh) Announces updates on its strategic business transformation plan, which includes a complete exit from its wealth management and asset management businesses by terminating VIE agreements with China. The company’s other plans include shifting its business focus towards technology. Sector and change the name of the company to…
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South African rand weakens, focus on cabinet announcement By Reuters
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JOHANNESBURG (Reuters) – The South African rand fell in early trade on Monday, as markets awaited the announcement of President Cyril Ramaphosa’s government after the African National Congress lost its parliamentary majority in last month’s elections, the first time in 30 years. At 0556 GMT, the rand was trading at…
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USD/JPY in the spotlight as yen-tervention is in focus
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USD/JPY daily chart This may be a quieter start to the new week, but this is the week to watch as events can speed up. After the intervention in late April, the spotlight is now back on Japanese officials. Will they intervene at 160.00 again? Or will they lower the…
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Business Travel Resurges with a New Focus on ‘Bleisure’
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The pandemic has put business travel on hold, shifting meetings to virtual platforms like Teams. However, business travel today has not only rebounded, but has surpassed pre-pandemic levels, transforming the industry in unexpected ways. The Meetings, Incentives, Conferences and Exhibitions (MICE) sector is experiencing a significant revival, providing new opportunities…
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Factbox-Patriot in focus amid missile defense system shortage By Reuters
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(Reuters) – As the Ukrainian military suffers from a shortage of missile defense systems amid Russia’s bombing of its energy infrastructure, the focus is on Patriot systems, which have helped Kiev defend itself against attacks. What is the Patriot system? The Phased Tracking Target Interdiction Radar, or PATRIOT, is an…