Category: Higher
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As the dust settles after the jobs reports in the US and Canada, the USDCAD is higher.
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The US and Canadian jobs report is due out today. In the US, the market breathed a sigh of relief as the numbers weren’t as weak as they were last month. The unemployment rate fell to 4.2% from 4.3%. In Canada, the unemployment rate rose to 26.6%, the highest level…
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As the dust settles after the jobs reports in the US and Canada, the USDCAD is higher.
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The US and Canadian jobs report is due out today. In the US, the market breathed a sigh of relief as the numbers weren’t as weak as they were last month. The unemployment rate fell to 4.2% from 4.3%. In Canada, the unemployment rate rose to 26.6%, the highest level…
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USDCAD moves higher as Oil/Commodities fall and eyes key upside resistance targets
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The USDCAD currency pair is moving higher as the focus in this pair is on the decline in commodity prices including the price of oil and risk flows due to the decline in stocks in the United States. Technical factors also played a role in USD/CAD’s rise after the price…
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US futures edge higher as focus shifts to job market By Investing.com
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U.S. stock futures opened modestly higher by 0.1%, while the greenback rose by 0.3%. The yield on U.S. Treasury bonds remained relatively unchanged, as did the . Meanwhile, the yield on the 10-year U.S. Treasury note was at 3.903% at 18:05 ET (22:05 GMT). Focus shifts to the labor market…
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Bitcoin Edges Higher But This On-Chain Indicator Says Wait
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At the time of writing, Bitcoin price is holding steady, finding support at the $56,300 to $57,000 level, looking at the performance on the daily chart. Technically, sellers have the upper hand from an effort vs. outcome perspective. For the short-term trend to change, prices must recover the losses incurred…
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Bitcoin Edges Higher But This On-Chain Indicator Says Wait
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At the time of writing, Bitcoin price is holding steady, finding support at the $56,300 to $57,000 level, looking at the performance on the daily chart. Technically, sellers have the upper hand from an effort vs. outcome perspective. For the short-term trend to change, prices must recover the losses incurred…
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Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.36% By Investing.com
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Investing.com – Saudi Arabian stocks were higher after Sunday’s close, as gains in the banking and finance sectors led shares higher. At the close in Saudi Arabia, the general market index rose by 0.36%. The best performance in the session was that of Saudi Arabia. Amiantit Saudi Automotive Services Co.…
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Does higher growth boost long-term equity returns? JPMorgan weighs in By Investing.com
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In a recent note to clients, JPMorgan looked at the relationship between economic growth and long-term equity returns, with a focus on developed and emerging markets. In developed markets, JPMorgan found a clear correlation between economic growth and equity returns: a 1% increase in long-term real growth is associated with…
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US markets set to open higher today
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US markets are expected to open higher today, with futures showing the S&P 500 up 0.5%, the Nasdaq-100 up 0.9% and the Russell 2000 up 0.4%. Here are the biggest pre-market moves from Newsquawk: $ADSK +5%: Revenue, EPS beat expectations; Exec gains momentum in Q2, raising FY billings, revenue, EPS,…
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Taiwan stocks higher at close of trade; Taiwan Weighted up 0.84% By Investing.com
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Investing.com – Taiwan stocks were higher after the close on Friday, as gains in the industrials and services sectors led shares higher. At the close in Taiwan, the index was up 0.84%. The session’s top performers on the S&P 500 were Lung Hwa Electronics Co Ltd (TW:), which rose 9.99%,…
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Crude oil turns higher on supply concerns from Libya, Iraq (NYSEARCA:USO)
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SlavkoSereda/iStock via Getty Images Crude oil futures rose on Thursday, rebounding from two days of declines, as supply disruptions in Libya and plans to cut production in Iraq raised concerns about tightening global supplies. More than half of Libya’s oil production is out of service, Exports have been halted at…
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U.S. Q2 2024 GDP Revised Higher Thanks to Stronger Consumer Spending
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The second edition of the US GDP reading has been upgraded to show: Faster expansion of 3.0% in Q2 2024 This is up from the initial figure of 2.8%. This also reflects a significant acceleration in economic growth compared to the first quarter of 2024 GDP of 1.4%. The positive…
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Asia FX drifts higher as dollar rebound cools ahead of GDP, inflation data By Investing.com
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Most Asian currencies rose on Thursday, albeit slightly, as the dollar’s recovery stalled ahead of key economic readings likely to weigh on expectations of interest rate cuts. Regional currencies came under renewed pressure this week as the dollar recovered from 13-month lows, amid growing speculation about how far the US…
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Asia FX drifts higher as dollar rebound cools ahead of GDP, inflation data By Investing.com
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Most Asian currencies rose on Thursday, albeit slightly, as the dollar’s recovery stalled ahead of key economic readings likely to weigh on expectations of interest rate cuts. Regional currencies came under renewed pressure this week as the dollar recovered from 13-month lows, amid growing speculation about how far the US…
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Dollar edges higher ahead of key data; euro weakens on German inflation By Investing.com
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Investing.com – The U.S. dollar edged higher on Thursday, recovering from recent lows ahead of a series of key economic readings, while the euro retreated. At 04:10 ET (09:10 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was up 0.2% at 101.182, after…
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EUR/USD to grind higher to above 1.15 in 2025: UBS By Investing.com
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On Tuesday, UBS noted that a slowing US economy could weaken the US dollar as the Federal Reserve may begin to ease monetary policy. For investors, UBS sees the exchange rate, which has been in a range of 1.10-1.15, rising above 1.15 by 2025. The brokerage notes that any dips…
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BofA likes the USD lower and GBP higher
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US Dollar: Bearish The central bank expects the US dollar to weaken in the medium term due to the expected rate cuts by the Fed and slowing growth in the US. However, the downside is somewhat balanced by the fact that a significant amount of easing has already been priced…
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Russia stocks higher at close of trade; MOEX Russia up 3.78% By Investing.com
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Investing.com – Russian stocks were higher after Monday’s close, as gains in the banking and services sectors led shares higher. At the end of trading in Moscow, the index rose by 3.78%. The session’s top performer was NOVATEK (MCX:), which rose 9.54% or 88.20 points to trade at 1,013.00 at…
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Forexlive Asia-pacific FX news wrap 25 Aug:JPY continues its move higher to start the week
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The start of the trading week was quiet as the market took a breather after the Jackson Hole summit and comments from Federal Reserve chiefs that reinforced the US interest rate cut in September. The market has priced in about a 35% chance of a 50 basis point rate hike,…
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Israel stocks higher at close of trade; TA 35 up 1.97% By Investing.com
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Investing.com – Israeli stocks were higher after the close on Sunday, as gains in the banking and financial services sectors led shares higher. At the close in Tel Aviv, the index rose 1.97% to reach an all-time high. The session’s top performer was Enlight Renewable Energy Ltd (TASE:), which rose…