Category: Markets
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European markets mixed as economic indicators hit (EUR:USD)
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da-kuk/E+ via Getty Images London (UKX) -0.53% Germany (DAX:IND) +0.27% Germany’s GDP shrinks by 0.10% in Q2 France (CAC:IND) +0.32% France’s GDP grows 0.3% in Q2 Spain’s GDP grows 0.8% in Q2, inflation falls to 2.8% The Czech Republic’s GDP grew by 0.3% in the second quarter. Producer prices in…
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Dollar, yen hold tight ranges as market braces for BOJ, Fed By Reuters
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By Brigid Riley TOKYO (Reuters) – The dollar and yen held within close ranges on Tuesday as traders awaited major central bank decisions, starting with midweek policy meetings from the Bank of Japan and the Federal Reserve, that could set the tone for the coming weeks. The Japanese currency took…
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Chart Art: Trend Continuation Trade On S&P 500 Index?
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US stock index S&P 500 tests technical support area ahead of key data releases this week! Will this week’s events contribute to extending the index’s upward trend? Or are the bears preparing for a hard landing? S&P 500 (SPX500) Daily Chart by TradingView A combination of concerns about global growth,…
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China’s Politburo holds meeting to set out economic priorities for H2 2024
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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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India’s Adani Enterprises eyes first-ever public debt issue in coming weeks, sources say By Reuters
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By Bhakti Tambe MUMBAI (Reuters) – India’s Adani Enterprises, the flagship of the Adani group, plans to launch its first-ever public bond issue in the coming weeks to raise up to 6 billion rupees ($71.7 million), people familiar with the matter said on Tuesday. “The company has already filed a…
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Asia FX muted with yen steady ahead of BOJ; dollar gains before Fed By Investing.com
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Most Asian currencies remained in a narrow range on Tuesday amid caution ahead of a series of economic signals this week, with the yen steady amid uncertainty over a potential interest rate hike by the Bank of Japan. The dollar recovered slightly as expectations of a Federal Reserve meeting grew,…
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Daily Broad Market Recap – July 29, 2024
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A lack of data releases kept traders on the sidelines on Monday, leading to volatile price movements for most major assets. What headlines dominated the news agencies anyway? headlines: during the Weekend, British Chancellor of the Exchequer Rachel Reeves Beware ofMaking tough decisions about spending, social care, and taxes“After reviewing…
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5 reasons the Bank of Japan should be wary of hiking rates this week
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Via Scotia, Preview Comments on What to Expect from the Bank of Japan. Of the 46 consensus forecasters, only 9 expect a rate hike. Markets are pricing in a 10 basis point rate hike, which has been around 70% with pricing around 7 basis points. The argument for raising interest…
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Judge won’t require monitor for NRA, bans ex-chief LaPierre for 10 years By Reuters
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By Jonathan Stempel NEW YORK (Reuters) – A New York state judge ruled against imposing an outside monitor on the National Rifle Association, handing the gun rights group a victory while barring its former president, Wayne LaPierre, from serving as an officer or director of the group for 10 years.…
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PBOC is expected to set the USD/CNY reference rate at 7.2586 – Reuters estimate
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The People’s Bank of China is scheduled to set the exchange rate of the US dollar against the Chinese yuan at around 0115 GMT. The People’s Bank of China, the central bank of China, is responsible for setting the daily midpoint of the yuan (also known as the renminbi or…
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Trump talks up weaker dollar, but policies will likely lead to dollar strength By Investing.com
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Investing.com – Donald Trump has made bold claims about favoring a weaker dollar, but the former president’s core policies on tariffs, immigration and taxes are expected to do the exact opposite. “Former US President Donald Trump expressed his desire to weaken the US dollar, but his underlying policies (on immigration,…
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TA of the Day: Bitcoin Hits $70,000 But Reverses Sharply. A Minor Blip or a Major Trend Shift?
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Bitcoin price rose above $70,000 for the first time since early June, but was met with a wave of selling, causing it to fall by more than 3%. It is not yet clear what caused the price move, but it may be related to the US government’s transfer of more…
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Forexlive Americas FX news wrap: US dollar starts out strong and then gives some back
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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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US accuses Venezuela of electoral manipulation, repression By Reuters
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By Matt Spitalnick and Phil Stewart WASHINGTON (Reuters) – The Biden administration said on Monday that election fraud had stripped Venezuelan President Nicolas Maduro’s claim of re-election of “any credibility”, and Washington left the door open to new sanctions on the OPEC member. Senior U.S. officials briefing reporters on Sunday’s…
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Asia FX firms as dollar dips with Fed, BOJ on tap By Investing.com
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Most Asian currencies rose on Monday, while the dollar fell ahead of a Federal Reserve meeting this week that is likely to provide more clues about the bank’s plans to cut interest rates. The Japanese yen was among the best performing currencies, with the currency gaining further on Monday after…
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S&P 500, Nasdaq gain to kick off huge week for markets
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U.S. stocks rose after temporarily turning negative on Monday to start a big week filled with the Federal Reserve’s interest rate decision, a jobs report and big tech earnings. The Dow Jones Industrial Average (^IXIC) recovered from earlier losses to hover near the equator, after the blue-chip index surged more…
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Wall Street eyes Instacart’s market trajectory By Investing.com
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In the dynamic online grocery sector, Maple Bear Inc., trading under the symbol EXCHANGE:CART, continues to attract the attention of Wall Street analysts. The company’s recent performance and strategic initiatives have led to updated forecasts and price targets from financial experts, reflecting confidence in its growth trajectory and market position.…
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Eurozone heading into recession, sell EUR/USD
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Investing.com – The euro performed relatively well in July when measured against the U.S. dollar, but BCA Research sees tough times ahead for the euro zone and advises investors to sell the single currency. At 08:50 ET (12:50 GMT), the pound was trading at 1.0818, down 0.4% on the day…