Category: Markets
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Trump says to HODL as Bitcoin is going to the moon
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Filled with respect and admiration for what the Bitcoin community has achieved. Bitcoin is a miracle of human collaboration and achievement. If the US doesn’t embrace encryption technology, China and other countries will take over. Bitcoin Is On Its Way To The Moon, And I Want The US To Lead…
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Paris Olympics opening ceremony draws 28.6 million US viewers, most since 2012 By Reuters
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Written by Sheila Dang PARIS (Reuters) – The opening ceremony of the Paris Olympic Games drew 28.6 million U.S. viewers, according to preliminary data from Comcast Corp’s NBCUniversal on Saturday, making it the most-watched opening of a Summer Olympics since London in 2012. Friday’s celebration featured sports delegations floating down…
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ForexLive European FX news wrap: A bit of respite ahead of the US PCE report
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headlines: Markets: Australian Dollar Advances, Yen Lags During the Day European stocks rise; S&P 500 futures up 0.7% The yield on the 10-year US Treasury note fell 1.9 basis points to 4.236%. Gold rises 0.4% to $2,373.24 West Texas Intermediate crude fell 0.3% to $76.85. Bitcoin price rises 3.0% to…
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What would Trump 2.0 mean for inflation, energy policy and trade By Investing.com
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With Donald Trump’s chances of a second term increasing in the wake of recent developments, his policy priorities are expected to have mixed effects on inflation, energy policy, trade, and other important issues. Inflation appears to be a key focus of a potential Trump administration. In his acceptance speech at…
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The AUD is the strongest and the JPY is the weakest as the NA session begins.
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As the North American session begins, the Aussie is the strongest and the Japanese Yen is the weakest. This combination mirrors what has been more common with the Aussie (or New Zealand Dollar) being the weakest and the Japanese Yen the strongest. Unsurprisingly, there has been a pre-market rally in…
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What Harris vs. Trump means for cannabis stocks By Investing.com
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A potential shift in the political landscape is putting a spotlight on cannabis stocks. According to equity research firm Zuanic & Associates, the recent news that President Biden will not seek re-election has sparked a positive reaction in the cannabis sector. Analysts at the firm point out that the possibility…
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US inflation (PCE) data due imminently – here is the critical range to watch
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I posted this during the Asian time zone, and I’m repeating it here. Before I do that, check this out: — The core personal spending data is due at 0830 ET and is the focus of attention. You can see the median estimates below in the table. The ranges for…
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US PCE data is the key release today
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Today’s data could help the Fed make its decision next week (and beyond), as the “preferred measure of inflation” (core PCE) will be released at 8:30 a.m. ET. Personal spending and spending (and personal income and spending) data will highlight the economic data review due out today, along with the…
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US Core PCE YoY for June 2.6% versus 2.5% estimate
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Core Personal Spending Index in the previous month 2.6% Core CPI on a monthly basis was 0.2% vs. 0.1% estimate. The unrounded index was lower than the 0.2% increase at 0.188% Baseline PCE in urine last year 2.6% vs. 2.5% estimated. Last month 2.6% The monthly CPI was 0.1% vs.…
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Kickstart the FX trading day for July 26 w/a technical look at the EURUSD, USDJPY & GBPUSD
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In the opening video for July 26, 2024, I take a look at three other major currency pairs from a technical perspective – EURUSD, USDJPY, and GBPUSD. The EUR/USD pair has been trading up and down for the past three days. In favor of the buyers, the low today has…
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How should investors reallocate their portfolios this summer to maximize carry? By Investing.com
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UBS analysts expect the summer to be a good time to make strategic adjustments to the financial portfolio to maximize returns, with a focus on short-term European investment grade (IG) debt and strategic diversification. In a note dated Tuesday, analysts at UBS said they see a return to stability in…
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Weekly Market Outlook (29-02 August)
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Upcoming Events: Monday: U.S. Treasury Refinancing Financing Estimates. Tuesday: Japan unemployment rate, Eurozone Q2 GDP, US job openings, US consumer confidence. Wednesday:Japan Industrial Production and Retail Sales, Australia CPI, China PMI, Bank of Japan Policy Decision, Eurozone Spot CPI, US ADP, Canada GDP, US Consumer Confidence, US Treasury Refinancing Announcement,…
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Indian PM Modi likely to visit Ukraine in August, local media reports By Reuters
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NEW DELHI (Reuters) – Indian Prime Minister Narendra Modi is likely to visit Ukraine next month, a local media report said, his first visit to the country since its war with Russia began and just weeks after he met Russian President Vladimir Putin in Moscow. The Ukrainian embassy in New…
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US stocks move higher at the open.
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As the opening bell rings on major US stock exchanges, the major indices are trading higher. However, the Nasdaq, which surged more than 200 points in pre-market trading, is now up just 136 points. However, with the declines this week, any gains are acceptable at this point. The current market…
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US stocks move higher at the open.
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As the opening bell rings on major US stock exchanges, the major indices are trading higher. However, the Nasdaq, which surged more than 200 points in pre-market trading, is now up just 136 points. However, with the declines this week, any gains are acceptable at this point. The current market…
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Why a soft USD policy is unlikely to work By Investing.com
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In light of the potential policies of a second Trump administration, Deutsche Bank’s research department delves into the practical challenges associated with implementing a softer US dollar policy. Analysts highlight the obstacles and constraints to such a strategy and argue that tariffs and their associated stronger impact on the US…
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Tech surge leads the market: Spotlight on today’s top performers and laggards
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Stock Heat Map from FinViz.com Friday, July 26, 2024 13:46:06 GMT Market Overview Today’s session in the stock market showed a clear duality, with the technology sector seeing a notable rise, led primarily by semiconductor giants and a mixed bag of other sectors, reflecting the divergent investor sentiment and sector…
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US rails ‘well positioned’ for potential Trump return By Investing.com
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U.S. railroad stocks could benefit from former President Donald Trump’s potential return to the White House, analysts at Wells Fargo said in a recent note. The bank argues that Trump’s economic and trade policies, which have previously boosted the transportation sector, could once again drive significant growth for U.S. railroads.…
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University of Michigan consumer sentiment for July 66.4 versus 66.0 estimate (and prelim)
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Previous month 68.2 Current status 62.7 vs. 64.1 initially and 65.9 last month. Expectations: 68.8 vs. 67.2 initially and 69.6 last month One-year inflation expectations: 2.9% vs. 2.9% initially and 3.0% last month. 5-year inflation forecast 3.0% vs. 2.9% initially and 3.0% last month Mix of details compared to the…