Category: Investing.com
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Dollar steady ahead of Fed minutes, sterling gains on CPI release By Investing.com
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Investing.com – The US dollar traded calmly on Wednesday ahead of the release of minutes from the Federal Reserve’s latest meeting, while the British pound rose as inflation fell less than expected in April. At 04:55 ET (08:55 GMT), the dollar index, which tracks the greenback against a basket of…
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UBS maintains key G10 currency views, sees USD strength By Investing.com
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UBS released a report on the current foreign exchange environment, maintaining its key views on the G10 currency and forecasting continued US dollar strength. The company stressed that although the markets are reducing the range of divergence in priced policies, there is no compelling reason to change its expectations. Equities…
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Asia FX subdued as Fed minutes approach; NZD surges on hawkish RBNZ By Investing.com
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Investing.com — Most Asian currencies remained range-bound on Wednesday as the dollar held steady in anticipation of more signals on U.S. interest rates from the minutes of the Federal Reserve’s latest meeting. The New Zealand dollar was an exception, rising sharply after the Reserve Bank of New Zealand took a…
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BofA notes broad USD sell-off on positive US data By Investing.com
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Bank of America reported that investors sold the US dollar broadly last week, influenced by slightly positive economic indicators from the United States. The move came in response to somewhat encouraging US inflation data and lower-than-expected retail sales numbers. According to Bank of America, the US dollar sell-off has been…
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EUR/USD rally expected to persist, says BofA By Investing.com
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Bank of America (BofA) analysts provided insights into currency market trends, pointing to a significant rally in the pair last week. This increase is due to the weak US CPI report. Bank of America signals indicate that the uptrend for the EUR/USD is likely to continue. The bank’s analysis pointed…
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BofA turns bullish on EUR/CAD amid rate and commodity signals By Investing.com
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Bank of America (BofA) has shifted its stance to a bullish view on EURCAD () for the current week. The bank’s positioning analysis indicates that the immediate upside trend is expected to continue. In addition, Bank of America’s Cross-Asset Risk Analysis System (CARS) model supports a bullish outlook for the…
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AstraZeneca shares rise as pharma group unveils 2030 revenue target By Investing.com
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Investing.com – UK-listed shares in AstraZeneca (LON:) rose in morning trade on Tuesday after the pharmaceutical giant announced a new revenue target of 2030. In a statement ahead of an investor event touting a “new era of growth,” AstraZeneca said it now expects to achieve total revenues of $80 billion…
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IBM to roll out more open-source AI models, strikes deal with Saudi Arabia By Investing.com
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International Business Machines (NYSE:) announced on Tuesday that it will release a set of AI models as open source software and will help Saudi Arabia train its AI system in Arabic. Unlike competitors like Microsoft (NASDAQ:), IBM It adopts an open-access approach similar to Meta Platforms (NASDAQ:), making its “Granite”…
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Asia FX creeps lower, yen fragile with more rate cues on tap By Investing.com
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Investing.com — Most Asian currencies fell on Tuesday, while the dollar rose slightly as traders awaited more signals on US interest rates from the Federal Reserve. The Japanese yen continued to weaken, with the currency returning towards levels that attracted the latest currency market intervention by the government. Declining optimism…
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BofA sees further dollar depreciation, expects G10 FX to stay in range By Investing.com
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Bank of America (BofA) analysts on Monday provided insights into the current state of the G10 foreign exchange (FX) markets, citing a general feeling of disappointment among investors over the lack of market volatility. Despite the recent reversal in the US Dollar (USD), the major currency pairs did not move…
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Stocks aren’t attractive at the moment: JPMorgan By Investing.com
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JPMorgan Chase & Co.’s bank custodian. (NYSE:) on its notoriously bearish stance on the stock, advising clients that the stock does not represent an attractive investment opportunity at this time. The broker’s market strategists pointed to several factors that reinforce this perspective, including high equity valuations, tight credit spreads, and…
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BofA sees potential for further USD selling by CTAs By Investing.com
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Bank of America (BofA) on Monday provided insight into potential actions for commodity trading advisors (CTAs) next week. According to Bank of America, CTAs may continue to sell the US dollar (USD) against most currencies following the trend that emerged after the Consumer Price Index (CPI) report led to dollar…
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Jefferies starts AZZ Inc. stock with Buy, highlights growth from reshoring and infrastructure By Investing.com
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On Monday, Jefferies initiated coverage on NYSE:AZZ (NYSE:), AZ Company . stock, with a Buy rating and a price target of $105.00. The company highlighted the position of AZZ Inc. As the leading independent supplier of metallic coatings in North America, it believes it is well positioned to capitalize on…
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Asia FX muted, dollar steady ahead of more Fed cues; yen stays fragile By Investing.com
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Investing.com — Most Asian currencies fell slightly on Monday, while the dollar held steady as traders awaited more signals on interest rates from the Federal Reserve this week. The Japanese yen remained fragile after reversing a large portion of its gains made as a result of potential currency market intervention…
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FPT Software Collaborates with JAL Information Technology to Develop Strategic Aviation IT System By Investing.com
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TOKYO–( BUSINESS WIRE )–FPT Software has signed a Memorandum of Understanding with JAL Information Technology (JIT), a subsidiary of JAL Infotech – a provider of aviation technology solutions and services. For Japan Airlines. This partnership will see the two sides cooperate in developing information technology systems for the aviation and…
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Sky Harbour Reports Positive Outlook in Q1 Earnings By Investing.com
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Sky Harbour (ticker not provided), a company specializing in airport infrastructure, reported a strong start to 2024 in its first-quarter earnings call. The company announced increased revenues, with expectations for further growth in the second quarter as their three campuses are fully leased. The CEO, Tal Keinan, detailed plans for…
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Robbins Geller Rudman & Dowd LLP Announces that Inari Medical, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit By Investing.com
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SAN DIEGO, May 19, 2024 (GLOBE NEWSWIRE) — Robbins Geller Rudman & Dodd LLP Announces that purchasers of shares of Inari Medical, Inc. (NASDAQ: NARI) common stock between February 24, 2022 and February 28, 2024, including both dates (the Class Period), they have until May 13, 2024 to seek appointment…
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Robbins Geller Rudman & Dowd LLP Announces that Inari Medical, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit By Investing.com
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SAN DIEGO, May 19, 2024 (GLOBE NEWSWIRE) — Robbins Geller Rudman & Dodd LLP Announces that purchasers of shares of Inari Medical, Inc. (NASDAQ: NARI) common stock between February 24, 2022 and February 28, 2024, including both dates (the Class Period), they have until May 13, 2024 to seek appointment…