Category: largely
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Yen shorts largely cleared; sell USD/JPY on rallies above 147
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Investing.com – The majority of short selling in the yen is likely to be liquidated quickly, according to UBS, which should reduce future volatility. The carry trade on the yen has been a major factor behind much of the market volatility recently, as the Bank of Japan’s decision to raise…
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Nvidia’s stock split is largely ‘cosmetic,’ and mammoth gains could keep rolling in
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Shares of the top stocks in the S&P 500 rose tenfold on Friday. After the market closed, Nvidia stock was split 10-for-1, which was announced in May during the company’s most recent conference. Earnings call, entered into force. But it won’t do much to change the company $3 trillion valuation…
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Biden largely spent his political capital, the risk is now to the downside: BCA By Investing.com
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According to BCA Research analysts, President Joe Biden has largely exhausted his political capital. The company states that any major negative developments from this point “could destroy his presidency.” Despite having some successes, such as negotiating bipartisan budget deals and the Fed making a soft landing, the BCA says the…