Category: Markets
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Japan chief cabinet secretary Hayashi says wage rises will spread in Japan
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Chief Cabinet Secretary Hayashi Wage increases likely to spread to part-time workers and small businesses by fall with strong Shunto results and minimum wage increases No comment on daily stock movements He says it is important for the government to make its decision calmly, when asked about the volatility of…
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Citi recommends defensive stance on Japan amid BOJ uncertainty, recession fears By Investing.com
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Japanese stocks are expected to gradually recover in September and October, analysts at Citigroup said, but they recommended a defensive stance in the market amid uncertainty over the Bank of Japan and the U.S. economy. Japanese stocks have been hit hard by the global meltdown in financial markets this week,…
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Asia FX muted as dollar dips on recession fears; yen surges to near 7-mth high By Investing.com
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Most Asian currencies moved in a narrow range on Monday, taking little advantage of the dollar’s weakness amid growing concerns about slowing economic growth in the United States. The Japanese yen was an outlier, rising sharply on safe-haven demand and as the prospect of a Bank of Japan interest rate…
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TA of the Day: Gold Drops Amid Global Market Sell-Off But Bounces. Will the Uptrend Resume?
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Despite being considered a safe haven, gold has not been immune to Market sentiment shifts to a major risk aversion With market participants selling assets on a massive scale. Backed by recession fears and Clearing the global pregnancy tradeGold fell more than 1% today, reaching $2,410 an ounce. The sell-off…
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More from Fed’s Daly – monitoring labour market indicators carefully
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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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CSX beats second-quarter profit on better volumes, strong pricing By Reuters
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(Reuters) – U.S. railroad CSX Inc (NASDAQ:CSX) narrowly beat second-quarter profit estimates on Monday, helped by higher freight volumes and strong rates, sending its shares up 5% after the open. Improving intermodal volumes, or goods moved across two or more modes of transportation, has helped railroads post profits along with…
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Swiss franc hits highest vs euro since 2015 amid volatile markets By Reuters
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ZURICH (Reuters) – The Swiss franc rose to its highest level against the euro in nearly a decade on Monday, as heavy losses in stock markets, concerns about U.S. and global growth and tensions in the Middle East lured investors to the safe-haven currency. The franc has risen about 3.5%…
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NZDUSD tumbles lower and rocket higher in a volatile trading day. What next?
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The NZD/USD pair had a rollercoaster ride today as the pair hit a new low for the year (but only by about 3 pips). This low broke the lows of April and July. After the brakes failed, the price rocketed higher, erasing all the declines and trading higher during the…
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Fannie Mae, Freddie Mac set to tighten real-estate lending rules, WSJ reports By Reuters
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(Reuters) – Mortgage finance companies Fannie Mae and Freddie Mac plan to impose tougher rules on lenders and commercial real estate brokers in the wake of an emerging regulatory crackdown on fraud in the multitrillion-dollar market, the Wall Street Journal reported on Monday. Lenders will have to independently verify financial…
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Mexican peso pares losses, remains volatile on US recession fears By Reuters
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By Noé Torres and Rodrigo Campos MEXICO CITY/NEW YORK (Reuters) – The Mexican peso touched its weakest level against the U.S. dollar in nearly two years before paring much of its losses as concerns that the U.S. economy could be headed for recession deepened and the peso’s recent weakness as…
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Dip buyers continue to wade into equitie, commodities and crypto
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Market sentiment continues to improve after early pullback. US traders have managed to stabilize the market after the worst day in Japanese stock market history. The market is trying to digest the decline in carry trades and the rapid and widespread deleveraging in an uncertain economy. Helping to improve the…
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Carlyle Q2 profit misses, shares drop amid market sell-off By Reuters
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By Echo Wang NEW YORK (Reuters) – A private equity firm The Carlyle Group General Electric Co. (NASDAQ:GE) reported a larger-than-expected 11.7% year-over-year decline in distributable profit in the second quarter on Monday, as record revenue from management and transaction fees failed to offset a big drop in performance fees.…
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Dollar slumps on recession fears; yen, Swiss franc benefit By Investing.com
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Investing.com – The U.S. dollar fell sharply on Monday amid concerns over U.S. economic growth, with strong demand for the safe-haven Swiss franc and Japanese yen. At 08:45 ET (12:45 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was down 0.9% at 102.100,…
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Why “Expectancy” Matters More Than Your Win Ratio
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When reviewing your trading performance, do you focus primarily on win rate or expectancy? Win ratio simply looks at the number of times you win versus the number of trades you make. How many times have you made the right call? This may seem like an important question, but if…
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ForexLive European FX news wrap: Broader market selloff intensifies to start the week
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headlines: Markets: Japanese Yen Advances, Australian Dollar Lags During the Day European stocks fell about 3% across the board; S&P 500 futures fell 3.2%. The yield on the 10-year US Treasury note fell 7.7 basis points to 3.719%. Gold falls 2.4% to $2,384.72 West Texas Intermediate crude fell 1.9% to…
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Bathed in a sea of red By Reuters
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(Reuters) – A look at the day ahead in European and global markets from Wayne Cole. Asian stock markets have been in a sea of losses as investors flee risk and many crowded trades are being unwound in a disorderly manner. Popular positions from yen to cryptocurrency are being hastily…
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Japan watching yen moves closely, finance minister says after stocks rout By Reuters
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Written by Makiko Yamazaki and Satoshi Sugiyama TOKYO (Reuters) – Japanese Finance Minister Shunichi Suzuki said on Monday authorities were closely monitoring exchange rate movements after the Japanese currency fell to its biggest one-day drop since 1987. He said it was desirable for foreign exchange rates to move stably and…
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Weekly update on interest rates expectations
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Interest rate cuts by year-end Fed: 125bp (96% chance of 50bp rate cut at next meeting) ECB: 75 basis points (97% chance of rate cut at next meeting) Bank of England: 53bp (57% chance of no change at next meeting) Bank of Canada: 80 basis points (77% chance of rate…
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David Beckham-backed Guild Esports set for takeover by US-based DCB Sports By Reuters
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(Reuters) – Shares of David Beckham-backed Guild eSports jumped more than 54 percent in early trading on Monday after the gaming company said it plans to accept a takeover offer from California-based investment management firm DCB Sports. Financial details of the deal were not disclosed by Guild Esports, which said…
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Yen rises to 7-month highs as US slowdown fears spill over By Reuters
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By Vidya Ranganathan SINGAPORE (Reuters) – The Japanese yen hit its highest level against the dollar since January on Monday as markets continued to move in a week that began after weak U.S. employment data stoked recession fears and expectations of deeper interest rate cuts by the Federal Reserve. Friday’s…