Category: Markets
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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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Walt Disney warns theme park revenue to fall, profit slips By Reuters
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By Dawn Chmielowski and Lisa Richwine LOS ANGELES (Reuters) – Walt Disney Co forecast a “moderation in demand” for its theme park business in the coming quarters, overshadowing the success of Pixar’s animated film “Inside Out 2” and the company’s television business. The company’s shares fell 1.1% on Wednesday after…
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Nigeria arrests seven Polish nationals for raising Russian flags at protests By Reuters
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Written by Obi Adetayo ABUJA (Reuters) – Seven Poles have been arrested in Nigeria for waving Russian flags during anti-government protests this week in the northern state of Kano, state security spokesman Peter Afunanya said on Wednesday. Hundreds of thousands of Nigerians have been protesting since August 1 against painful…
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4 Trading Adjustments to Make in a High Volatility Environment
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With Wall Street’s fear gauge hitting its highest level since the pandemic, we could see another major spike in market volatility. Here are some adjustments you can make. What are volatility anyway? Volatility refers to the amount of fluctuation in the price of an asset over a period of time.…
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Japan top currency diplomat says focus is on volatility when it comes to FX
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It is recommended that currencies move in a stable manner that reflects the fundamentals. Excessive volatility increases uncertainty and reduces predictability for companies. No change in Japan’s economic outlook despite recent market volatility Monitoring the financial markets closely with a sense of urgency and calm as well. A 2,000 basis…
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agilon health reports growth in Q2, adjusts full-year guidance By Investing.com
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During the second quarter earnings call, agilon health (AGL) CEO Steve Sell provided an update on the company’s performance and strategic initiatives. agilon health reported substantial growth in its Medicare Advantage membership and revenues, while also announcing adjustments to its full-year guidance. The company is experiencing a significant increase in…
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Dollar edges higher,yen falls after BOJ rules out another rate hike, for now By Investing.com
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Investing.com – The U.S. dollar rose slightly on Wednesday, while the Japanese yen fell after the Bank of Japan tried to calm troubled waters by signaling it would not raise interest rates again while markets remain volatile. At 04:25 ET (09:25 GMT), the dollar index, which tracks the greenback against…
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Chart Art: Is Gold (XAU/USD) Gearing up for a Reversal Soon?
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Are gold bulls having a hard time keeping the precious metal up these days? This is a classic reversal pattern that I watch on the 4-hour time frame. Gold (XAU/USD) 4 hours Chart by TradingView Gold made several failed attempts to break its July highs around the $2,475 area, only…
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Stocks Rally, Yen Drops as BOJ Eases Rate Worries: Markets Wrap
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(Bloomberg) — Stocks rose after the Bank of Japan moved to reassure markets following historic volatility sparked in part by an unexpected interest-rate hike last week. Most Read from Bloomberg The Stoxx Europe 600 index rose 0.5%, with progress slowed by disappointing earnings reports from some of the region’s biggest…
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Gold Technical Analysis – The global market rout sends gold lower
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Basic Overview Ultimately, the collapse in global markets on Monday has been a stressor for gold. The reasons for this decline lie in the movement of real yields and liquidation due to the need for cash in extreme scenarios. In the big picture, real yields fall, which is good for…
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Gold Technical Analysis – The global market rout sends gold lower
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Basic Overview Ultimately, the collapse in global markets on Monday has been a stressor for gold. The reasons for this decline lie in the movement of real yields and liquidation due to the need for cash in extreme scenarios. In the big picture, real yields fall, which is good for…
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Investor says files liquidation petition in China against Evergrande unit By Reuters
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HONG KONG (Reuters) – An investor has applied to a Chinese court to liquidate a key unit of a debt-laden property developer in China. Evergrande (Hong Kong): According to a securities filing made by the petitioner on Wednesday. The investor — Vanward, a Shenzhen-listed electrical appliance maker — cited a…
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Asia FX muted as dollar steadies; yen tumbles as BOJ downplays rate hikes By Investing.com
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Most Asian currencies fell on Wednesday as the dollar regained more ground after recent declines, while the yen fell sharply after Bank of Japan officials downplayed expectations of a rate hike. Sentiment towards regional markets remained fragile, especially after concerns about a recession in the United States caused risk-oriented assets…
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Kiwi Strengthened as New Zealand Quarterly Jobs Report Surprised to the Upside
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New Zealand reported a 0.4% quarter-on-quarter increase in employment for the second quarter of 2024, confounding expectations for a 0.2% decline. The country’s unemployment rate also came in better than expected at 4.6%, slightly below the consensus of 4.7%. Wage growth also beat estimates, with the labor cost index showing…
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ForexLive Asia-Pacific FX news wrap: BOJ’s Uchida triggered a sharp yen decline
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Asia stocks extend gains, yen retreats after BOJ talks down rate hikes By Reuters
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By Wayne Cole and Stella Chiu SYDNEY (Reuters) – Asian stock markets extended gains on Wednesday, led by a rebound in the U.S. dollar after the Bank of Japan unexpectedly signaled it was unwilling to raise interest rates again amid volatile markets, sending the yen sharply lower. The Nikkei rose…
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More from BOJ dep Gov Uchida: Appropriate to adjust degree of monetary easing
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Japan stock slump opens the door for increased buybacks- UBS By Investing.com
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The recent slide in Japanese stock markets may provide an opportunity for local companies to increase share buybacks, UBS said in a note, adding that Japanese stocks still offer value. Japanese stocks fell to their lowest levels in eight months on Monday, erasing all their gains this year and entering…
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FX Daily Review: Dollar Holds Steady Against Yen As Global Market Mayhem Eases
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It’s only Tuesday, but what a week it’s already been! ? Yesterday, investors, traders and investors around the world experienced a rollercoaster ride as global stock markets plunged, but today they have partially recovered. An important factor contributing to these disturbances was the solution of thepregnancy tradeIt is a popular…
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HSBC on tech stocks – “the froth has been removed from valuation”
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…