Category: key
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Altcoins: Analyzing Key Signs For A Potential Boom
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Altcoins are generating buzz among cryptocurrency watchers, with rumors of a potential Bitcoin hack circulating. After weeks of sluggish trading, a recent capital increase has revitalized the king of coins. This raises a pressing question: Will altcoins ride the wave, or are they doomed to be left behind? Related reading…
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Dollar edges up ahead of key data, Bank of Canada policy meeting By Reuters
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Written by Stefano Ribaudo (Reuters) – The dollar rose ahead of key U.S. economic data on Wednesday, with investors also awaiting a monetary policy meeting in Canada that could trigger a cycle of interest rate cuts. Investors are awaiting US services data on Wednesday, and more jobs numbers later in…
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Futures edge higher as rate-cut bets tick up; key data awaited By Reuters
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(Reuters) – US stock index futures rose on Wednesday as investors increased their bets on an earlier start to interest rate cuts by the Federal Reserve (the US central bank) this year than previously expected, after a series of economic data that indicated a slowdown in growth. Economic. Wall Street…
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Dollar stabilizes ahead of key employment data; euro slips back By Investing.com
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Investing.com – The US dollar rose in early European trade on Tuesday, rebounding after sharp losses overnight, while the euro fell after weak German employment data. At 04:45 EDT (08:45 GMT), the dollar index, which tracks the US currency against a basket of six other currencies, rose 0.1% to 104.165,…
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A Key to Smart Investing By Investing.com
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A stock’s intrinsic value represents its true value, which is determined by fundamental factors such as earnings, assets, growth potential and industry outlook. Unlike market price, which can fluctuate due to sentiment and external factors, intrinsic value reflects the underlying value of a business. For investors, understanding this intrinsic value…
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GALA Forms Descending Triangle Pattern – Here Are Key Levels To watch
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price Gala games (expensive) The pair has been moving in a consolidation fashion for a while now, moving between $0.05288 and $0.03758, forming a descending triangle pattern in the process. GALA has been on a downtrend since it reached an all-time high of $0.08714, resulting in a decline of more…
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Hunt Pledges to Safeguard Key Royal Mail Services Amid £3.6bn Takeover
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Chancellor Jeremy Hunt has urged regulators to closely examine Daniel Kretinsky’s proposed £3.6bn takeover of Royal Mail, amid concerns about the potential break-up of the iconic postal service. Hunt stressed the importance of extending the guarantees currently promised by Kretinsky beyond their initial periods. Speaking to LBC, Hunt highlighted the…
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Costco Q3 earnings beat all key metrics after shares closed at an all-time high
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Costco (COST) posted another huge quarter as consumers look for wallet-friendly prices on everyday essentials. On Thursday afternoon, the company reported net sales of $58.52 billion, compared to estimates of $57.98 billion. Its adjusted earnings of $3.78 also beat estimates of $3.70. “We’re definitely winning in consumer items, where we…
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Key Bitcoin Level Could Trigger Massive Surge To $91,500: Analyst
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In technology analysis Shared by popular cryptocurrency analyst Josh Olszewicz on social media platform Olszewicz, who leverages both the Ichimoku Cloud and Fibonacci extensions, outlines a scenario in which a break of this key resistance level could push Bitcoin toward a target of $91,500. Here’s how Bitcoin could rise to…
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EUR/USD dribble under 1.0800 brings key support levels into the picture
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The daily chart is the main focus of EUR/USD at the moment: Daily chart of EUR/USD The pair is falling back below the 1.0800 level currently, with the dollar remaining in control amid higher returns this week. The latter also affects the overall risk sentiment, doubling the dollar’s advantage across…
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Dollar loses some ground ahead of key global inflation readings By Reuters
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By Ray Wee SINGAPORE (Reuters) – The dollar fell on Tuesday on a slight rise in risk appetite, but remained in narrow ranges against peers ahead of key inflation data from major economies this week that may guide global interest rate expectations. The euro rose 0.16 percent to $1.0877 despite…
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Breaks Key Resistance, New All-Time Highs Next
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Ethereum (ETH) is currently at the forefront of an impending market rally, as evidenced by a major technical breakout. According to cryptocurrency analyst Jelly, Ethereum recently broke out of a bearish pattern, particularly breaking out of the “falling wedge” and flipping major resistance to support areas. jelly reveal That Ethereum…
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Digital financial inclusion is key to growing trade within Comesa
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As the continent’s largest trading bloc, the Common Market for Eastern and Southern Africa (COMESA) has enormous potential to drive economic growth, promote regional integration, and lift millions out of poverty. COMESA trade statistics paint a picture of enormous opportunities coupled with significant challenges. While the region exported goods worth…
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USDCAD falls but approaches a key dual MA support target
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The US dollar against the Canadian dollar is falling USD/CAD falls to the downside despite stronger US durable goods, weaker retail sales in Canada, and a stronger University of Michigan (but lower inflation expectations). Preliminary retail sales for April in Canada showed a 0.7% increase which could support the currency…
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FTM’s Key Support At Risk As Fantom Launches Sonic Foundation And Wraps $10M Funding
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The Fantom Foundation recently revealed its plans to create the Sonic Foundation and Sonic Labs in preparation for the launch of its Sonic blockchain. In an announcement on Thursday, the organization expressed its commitment to leveraging its technology and revealed additional details about upcoming developments. Phantom introduces the Sonic series…
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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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FMAS:24: “Interoperability Is Key in Creating an Ecosystem of Inclusive Payment Society”
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The Finance Magnates Africa Summit 2024 (FMAS:24) is currently being held in Johannesburg, South Africa, at the Sandton Convention Centre. This much-anticipated event brings together professionals for insightful discussions, networking opportunities and demonstrations of the latest innovations. FMAS:24 opened registration for attendees, who eagerly entered the venue today at 11…