Category: Higher
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Dollar edges higher ahead of PPI; sterling rises on wage data By Investing.com
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The U.S. dollar rose in narrow trading ranges on Tuesday, as traders awaited the release of the July producer price index, the first double-digit inflation bill this week, for clues on the Federal Reserve’s future monetary policy decisions. At 05:10 ET (09:10 GMT), the dollar index, which tracks the greenback…
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S&P 500, Nasdaq futures point higher with key inflation data looming
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U.S. stock futures were mostly higher on Tuesday as Wall Street prepared for key inflation data. Futures tied to the S&P 500 (ES=F) rose 0.2%, while futures tied to the tech-heavy Nasdaq (NQ=F) rose 0.3%. Dow Jones Industrial Average (YM=F) futures hovered just below flat. Investors are awaiting a slew…
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Dollar edges higher ahead of key CPI release By Investing.com
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The US dollar edged higher on Monday, in quiet trading as traders looked ahead to key inflation data later in the week for clues on the Federal Reserve’s future monetary policy decisions. At 04:30 ET (09:30 GMT), the dollar index, which tracks the greenback against a basket of six other…
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August electricity prices up 1.5pc a unit on higher fuel, forex costs
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New calculations show that consumers will pay about 1.5 percent more per unit of electricity used in August, due to higher fuel and foreign exchange costs. The Energy and Petroleum Regulatory Authority has revised electricity prices upwards in its latest monthly review, which will see average domestic customers pay an…
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Stocks end higher as investors claw back most losses after big rout
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Spencer Platt/Getty Images U.S. stocks rose on Friday, despite falling slightly during the week. Investors were able to recover most of the losses they incurred as a result of the heavy sell-off in the markets on Monday. Investors are awaiting key inflation data next week, with the consumer price index…
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NZDUSD moves higher and moves closet to resistance targets. Could see some profit taking.
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The New Zealand dollar rose against the US dollar during today’s trading, supported by improving employment expectations and risks to flows after the Bank of Japan said it does not need to tighten monetary policy if markets are unstable. The move to the upside has lifted the price above the…
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ABN Amro lifts full-year interest income outlook on higher rates By Reuters
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By Leo Marchandon and Matteo Allevi (Reuters) – Dutch bank ABN Amro on Wednesday raised its full-year net interest income forecast to 6.4 billion euros ($6.98 billion) after beating second-quarter estimates, sending its shares up 3 percent. ABN Amro’s previous forecast of €6.3 billion was in line with 2023 levels.…
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Global stocks rebound from sell-off; Treasury yields, dollar higher By Reuters
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By Sinead Carew and Amanda Cooper NEW YORK/LONDON (Reuters) – Stocks around the world rebounded on Tuesday from a sharp sell-off the previous day, while Treasury yields rose and the dollar firmed slightly as investors returned to riskier assets and central banks responded to recession fears. Oil prices rose on…
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NZDUSD tumbles lower and rocket higher in a volatile trading day. What next?
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The NZD/USD pair had a rollercoaster ride today as the pair hit a new low for the year (but only by about 3 pips). This low broke the lows of April and July. After the brakes failed, the price rocketed higher, erasing all the declines and trading higher during the…
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3 Reasons AT&T Stock Can Soar Higher This Year
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AT&T (NYSE: T) It is considered a good dividend stock due to its high yield. At 5.9%, it is more than four times Standard & Poor’s 500 Average return 1.4%. For income investors, this could be an ideal long-term investment. But there’s another reason to invest in AT&T: its potential…
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USD/CAD pushes higher as brent crude extends decline to $3
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Commodity currencies are in an interesting position at the moment. The US dollar is falling on several fronts as the market reconsiders the path of the Federal Reserve’s money. But they are reconsidering that because of slowing growth and inflation. Prices are also relatively high in the commodity bloc, currently…
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Oil slingshots more than $3 higher on Middle East angst
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Risk assets and commodities in general are doing well today, and that’s part of crude oil’s $3 gain today, but that’s not the whole story. West Texas Intermediate crude rose 3.9% to $77.64 in its best day in six weeks. What drives her? Israel’s assassination of the political leader of…
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The dollar tends to be higher from now until Nov. 5 during election years – BofA (DXY)
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ImagePixel/iStock via Getty Images Dollar (DixieThe price usually tends to rise between now and US election day. According to the BofA Securities Technical Advantage report, the average trend (nine out of 13 times) was up 2.5%, peaking ten days before Election Day, at 2.84%. Strategist Paul Ciana wrote that from…
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Samsung flags strong AI demand as profit soars on higher chip prices By Reuters
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By Joyce Lee and Heekyung Yang SEOUL (Reuters) – Samsung Electronics Co Ltd forecast strong demand for artificial intelligence-powered chips in the second half of this year, reporting a more than 15-fold increase in its second-quarter operating profit. “AI servers are expected to capture a larger share of the (memory)…
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US stocks move higher at the open.
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As the opening bell rings on major US stock exchanges, the major indices are trading higher. However, the Nasdaq, which surged more than 200 points in pre-market trading, is now up just 136 points. However, with the declines this week, any gains are acceptable at this point. The current market…
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US stocks move higher at the open.
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As the opening bell rings on major US stock exchanges, the major indices are trading higher. However, the Nasdaq, which surged more than 200 points in pre-market trading, is now up just 136 points. However, with the declines this week, any gains are acceptable at this point. The current market…
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Forexlive Americas FX news wrap 26 Jul: Rebound day. AUD higher. CHF lower. Stocks rise
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Over most of the week, fund flows pushed the Japanese yen and Swiss franc higher amid safe-haven flows. The Australian dollar (and the New Zealand dollar) fell as risk-off sentiment took hold on the back of a slowdown in China and lower commodity and stock prices. Today saw a reflection…
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Dollar stable ahead of PCE data; euro edges higher, yen slips By Investing.com
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The US dollar was steady in early European trading on Friday ahead of key inflation data, while the euro rose and the Japanese yen fell slightly but remained on track for its strongest week in three months. At 04:00 ET (09:00 GMT), the dollar index, which tracks the greenback against…
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Commodity Roundup: UBS’s Marcelli sees higher prices ahead despite demand concerns
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Oselot/iStock via Getty Images Concerns about slowing Chinese demand have weighed on commodity prices recently. However, UBS’s chief investment officer still sees commodity prices rising in the future due to strong demand and limited supply, and expects the asset class to offer strong diversification benefits to a portfolio. Context. “We…