Category: Higher
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AUD Sharply Higher as Australian Economy Added 64.1K Jobs in September
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Australian jobs numbers for September were mostly in the green, with the economy reporting a much faster pace of hiring for the month at 64.1k versus an expected increase of 25.2k. This was enough to keep the unemployment rate at 4.1% instead of the expected reading of 4.2%. The previous…
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USDCAD bounces after stronger jobs report on Friday. Trend higher continues. What next?
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USD/CAD bounces higher after some strengthening on Friday following a stronger than expected Canadian jobs report. Technically, the price has moved into the swing zone between 1.3784 and 1.38036 (see red numbered circles on the chart below). That zone goes back to April 2024. The price also moved away from…
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Dollar edges higher against major currencies as traders weigh US data By Reuters
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By Chibuike Ojoh and Alun John NEW YORK/LONDON (Reuters) – The US dollar stabilized against major currencies on Friday as markets absorbed a large number of economic data that supported the current monetary policy path of the Federal Reserve (US central bank). The Labor Department reported that its U.S. producer…
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Australia stocks higher at close of trade; S&P/ASX 200 up 0.47% By Investing.com
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Investing.com – Australian shares rose after the close on Monday, as gains in the equities sector led shares higher. At the close in Sydney, the index rose by 0.47%. The best performers of the session were Abyan Limited (ASX:), which rose 8.29%, or 0.18 points, to 2.35 at close. Meanwhile,…
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Israel stocks higher at close of trade; TA 35 up 0.80% By Investing.com
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Investing.com – Israeli stocks rose after the close on Sunday, as gains in the stock sector pushed stocks higher. At the close in Tel Aviv, it rose by 0.80%. The best performers of the session were Kamtek Ltd (TASE:), which rose 6.98% or 2,080.00 points to reach 31,880.00 at the…
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Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.63% By Investing.com
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Investing.com – Saudi stocks rose after the close on Sunday, as gains in the stock sector pushed stocks higher. At the close in Saudi Arabia, the stock rose by 0.63%. Among the leading stocks today, the stock of Fawaz Abdulaziz Al Hokair Company (Tadawul:) emerged, whose value rose 9.98%, or…
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USDCHF this week settles in a higher up and down trading range.
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A week ago today, the USD/CHF pair broke to the upside and broke out of the “red box” that trapped the pair back to August 20. The US jobs report was the catalyst for the move to the upside, but by Monday, the price had fallen back to the top…
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USDCAD is snapping back higher after a stronger jobs report. Buyers back in control
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USD/CAD has been trending higher since bottoming on October 2 near 1.3472. Momentum over the past eight trading days has pushed the price to a high of 1.37826. Taking that price to the bottom of the next targeted swing zone between 1.3784 and 1.38036 (back to April 2024 – see…
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Bain makes binding offer for Fuji Soft, 7% higher than rival KKR By Reuters
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TOKYO (Reuters) – U.S. buyout fund Bain Capital has made a binding offer to buy FujiSoft for 9,450 yen per share in a deal that values the Japanese software developer at $4 billion and outperforms rival KKR by about 7 percent. Bain said in a statement on Friday that it…
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USDCAD trend move higher continues. Pair is up near 300 pips in a week. What next?
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The US dollar has risen against the Canadian dollar over the past week, with the pair rising nearly 300 pips in one week of trading. This is a big move in a short period of time as the market is heading towards the upside. For a basic look at price…
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Forexlive Americas FX news wrap 9 Oct: Dollar, yields and stocks move higher ahead of CPI
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The Reserve Bank of New Zealand cut interest rates by 50 basis points causing the New Zealand dollar to fall against all major currencies. The largest decline was against the US dollar by -1.32%, and the US dollar was the strongest among the major currencies today: US CPI data will…
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Dollar edges higher ahead of Fed minutes; euro weakens By Investing.com
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Investing.com – The US dollar rose on Wednesday ahead of an opportunity to assess US interest rate expectations, while the euro fell. At 04:10 EDT (08:10 GMT), the dollar index, which tracks the US currency against a basket of six other currencies, rose 0.1% to 102.387, not far from its…
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Dollar edges higher ahead of Fed minutes; euro weakens By Investing.com
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Investing.com – The US dollar rose on Wednesday ahead of an opportunity to assess US interest rate expectations, while the euro fell. At 04:10 EDT (08:10 GMT), the dollar index, which tracks the US currency against a basket of six other currencies, rose 0.1% to 102.387, not far from its…
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Morocco stocks higher at close of trade; Moroccan All Shares up 0.92% By Investing.com
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Investing.com – Moroccan stocks rose after the close on Wednesday, as gains in sectors led stocks higher. At the end of trading in Casablanca, the stock rose by 0.92%. The best performers of the session were Realis. Mechanics (CSE:) stock rose by 5.46%, or 23.30 points, and its price reached…
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Treasury plans higher tax on Israel’s wealthiest
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As part of its plans to manage the fiscal deficit in 2025, the Ministry of Finance proposes to increase the additional tax on passive income such as interest. The Ministry proposes to raise the additional tax from its current rate of 3% to 5%, and expand it to include those…
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Business confidence dented by fears of higher taxes in budget
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Business confidence fell for the first time in a year amid growing concerns about potential tax rises in the upcoming budget. According to the latest Business Confidence Report from the Institute of Chartered Accountants in England and Wales (ICAEW), confidence among businesses fell from 16.7 in the second quarter to…
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Taiwan stocks higher at close of trade; Taiwan Weighted up 1.79% By Investing.com
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Investing.com – Shares in Taiwan rose after the close on Tuesday, as gains in Taiwan stocks led shares higher. At the end of trading in Taiwan, the stock rose 1.79%. Among today’s leading stocks was Arima Communications (TW:), which rose 350.24%, or 7.39 points, to trade at 9.50 at the…
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Interest paid on domestic loans up Sh89bn on higher rates, borrowing
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Taxpayers paid an additional Sh89.4 billion in interest payments on the government’s domestic debt in the year to June 2024, reflecting higher interest rates on debt securities and increased domestic borrowing for budget purposes in the period. National Treasury disclosures show that interest payments rose to Sh622.5 billion from Sh533.1…
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USDJPY breaks higher this week and extends above the 38.2% of move down from July 3 high
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As the week comes to a close, USDJPY is trading near intraday and week highs. Today’s move higher after the unexpected US jobs report was able to lift the price above the ceiling of the key swing area around the 147.33 level and also above the 38.2% retracement of the…
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US major indices close the day higher helped by strong jobs
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US stocks rose despite rising yields as US jobs showed strength and striking dockworkers reached a tentative agreement to avoid a long-term closure of the main port. A snapshot of the closing levels is shown: The Dow Jones Industrial Average rose 341.16 points, or 0.81%, to 42,352.75 points. The Standard…