Category: market
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Dollar steady ahead of ISM release, key labor market data By Investing.com
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The US dollar steadied on Tuesday as investors looked ahead to key economic data, including US payrolls data on Friday, which could bolster an interest rate cut by the Federal Reserve later this month. At 04:05 ET (09:05 GMT), the dollar index, which tracks the greenback against a basket of…
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Daily Broad Market Recap – September 2, 2024
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US and Canadian traders were enjoying the Labor Day holiday on Monday, but that didn’t stop global markets from making big moves! Crude oil saw a wave of volatility, falling sharply over the weekend, but eventually rallied to close in the green. Check out the headlines that drove the rest…
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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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UBS on all time highs in equity markets – “record highs aren’t the same as market peaks”
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Via UBS, some interesting points came as the S&P 500 was just about 1% above its record high. The note looks at the total returns of the S&P 500 Index (i.e. price gains plus dividends) since 1945, and points to a downside risk of 1%. Buy at…
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Market Experts See a Green Candle Future For Playdoge and Rival ICO at $0.001777
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Investors are increasingly turning their attention to promising new projects with the potential to generate significant returns. Among these emerging opportunities, Playdoge (PLAY) and the promising initial coin offering (ICO) Mpeppe (MPEPE) are attracting significant attention from market experts. At a price of just $0.001777, Mbebe (Mbebe) Playdog (PLAY) is…
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Weekly Market Outlook (02-06 September)
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Upcoming Events: Monday: US/Canada Holiday, China Caixin Manufacturing PMI, Swiss Manufacturing PMI. Tuesday: Swiss CPI, Swiss Q2 GDP, Canada Manufacturing PMI, US ISM Manufacturing PMI. Wednesday:Australian Q2 GDP, China Caixin Services PMI, Eurozone PPI, Bank of Canada Monetary Policy Decision, US Job Openings, Fed Beige Book. ThursdayAverage cash income in…
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Crypto Market In Trouble As Analyst Predicts $1 Trillion Crash
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This article is also available in Spanish. the The cryptocurrency market has seen some recovery. Over the past few days, the weekend has been one of its most bullish periods. However, despite the notable rise in the crypto market, crypto analyst Alan Santana has warned of a potential crash that…
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Crypto Market In Trouble As Analyst Predicts $1 Trillion Crash
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This article is also available in Spanish. the The cryptocurrency market has seen some recovery. Over the past few days, the weekend has been one of its most bullish periods. However, despite the notable rise in the crypto market, crypto analyst Alan Santana has warned of a potential crash that…
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Tech and consumer cyclical sectors lead today’s stock market gains
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Stock Heat Map from FinViz.com Friday, August 30, 2024 13:46:11 GMT Market Segment Overview Today’s stock market map reveals a wide spectrum of performance across sectors, with technology and consumer sectors taking the spotlight with impressive gains. Meanwhile, the energy sector faced notable declines, dragging down related stocks. Technology Brilliance…
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Lido DAO’s (LDO) New Analytics Might Deter Hostile Market Environment Despite 18% Weekly Losses
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The hostile market environment is currently hampering altcoins’ near-term gains. With the broader market down 2%, LDO’s losses compound Crude oil prices have risen 18% since last week, continuing to end the week with pain for short-term investors. This has shaken investor confidence as fear, uncertainty and doubt spread through…
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Canadian GDP beat for all the wrong reasons. The market sees a chance of 50 bps next week
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On the face of it, Canada’s second-quarter GDP report looked good today at 2.1% annualized compared to 1.6% expected, and easily beating the Bank of Canada’s forecast of 1.5%. But the problem here is that the composition of growth was all wrong. Consumer spending rose at a mere 0.6% annual…
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Global Market Weekly Recap: August 26 – 30, 2024
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Major assets were all over the place this week as traders tried to balance a massive load of news and data, and based on the results, it appears they put a little more weight on individual asset catalysts over overall market sentiment drivers. Middle East tensions and Libyan supply concerns…
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Daily Broad Market Recap – August 29, 2024
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Financial markets have been eagerly awaiting the release of the preliminary US GDP data for most of the day, and the numbers did not disappoint! Upgrades to growth and inflation figures were announced, sparking risk-on flows and some gains for Treasury yields and the dollar as well. Read on for…
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Will The Market Ever Reach Those Heights Again?
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The cryptocurrency market experienced a massive surge between March 2020 and November 2021, with Bitcoin and altcoins reaching unprecedented highs. During this period, Bitcoin’s value rose by more than 2,600%, while several altcoins such as Solana (SOL), Fantom (FTM), Avalanche (AVAX), and Terra (LUNA) recorded gains of 500x or more.…
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Tech giants thrive amidst market turbulence: A snapshot of today’s stock movements
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Stock Heat Map from FinViz.com Thursday, August 29, 2024 13:46:10 GMT Overview of market movements and sector performance Today’s stock market presents a dynamic landscape with significant movements across various sectors. A focused analysis of the market heat map provides insight into sector performance, highlighting several key trends and movements…
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Bitcoin’s Influence On Altcoin Market: Expert Sheds Light On Correlation
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As the entire cryptocurrency market shows a recovery, one crypto expert has provided insights into the relationship between altcoins and Bitcointhe largest cryptocurrency asset, confirming how closely the recent performance of altcoins is tied to the current movement in Bitcoin. This relationship becomes especially evident when there is a significant…
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Daily Broad Market Recap – August 28, 2024
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The lack of major data has kept traders focused on overall risk sentiment and positions ahead of this week’s expected data releases. Commodities such as gold and oil continued to decline, while the US dollar gained against most of its peers. Find out what headlines are making waves among major…
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Daily Broad Market Recap – August 28, 2024
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The lack of major data has kept traders focused on overall risk sentiment and positions ahead of this week’s expected data releases. Commodities such as gold and oil continued to decline, while the US dollar gained against most of its peers. Find out what headlines are making waves among major…
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AI Tokens Market Cap Rebounds By Nearly 80% To $32 Billion
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The cryptocurrency market has been volatile in recent months, with the overall market cap of Bitcoin and other cryptocurrencies seeing significant fluctuations. Amidst this turbulent landscape, there has been a surprising recovery in the AI and Big Data tokens sector. According to the latest data from coinmarketcap, the market cap…
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Daily Broad Market Recap – August 27, 2024
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No data? No problem! With not much significant data scheduled to be released, traders turned to market themes yesterday and priced in their biases for the upcoming reports due later this week. How did you trade your favorite assets anyway? Headlines: Bank of Japan Core CPI Growth slowed from 2.1%…