Category: Markets
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TikTok, Shorts, and Reals valued at above $200B each: report By Investing.com
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In its new report on the short-form video market, Needham analysts provide their latest valuation estimates for the three major players in the industry including TikTok, Meta’s (META) Reels, and Alphabet’s (NASDAQ:) Shorts. Analysts estimate TikTok to be worth around $218 billion, Reels around $203 billion (17% of Meta’s (NASDAQ:)…
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TikTok, Shorts, and Reals valued at above $200B each: report By Investing.com
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In its new report on the short-form video market, Needham analysts provide their latest valuation estimates for the three major players in the industry including TikTok, Meta’s (META) Reels, and Alphabet’s (NASDAQ:) Shorts. Analysts estimate TikTok to be worth around $218 billion, Reels around $203 billion (17% of Meta’s (NASDAQ:)…
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Dollar stable ahead of PCE data; euro edges higher, yen slips By Investing.com
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The US dollar was steady in early European trading on Friday ahead of key inflation data, while the euro rose and the Japanese yen fell slightly but remained on track for its strongest week in three months. At 04:00 ET (09:00 GMT), the dollar index, which tracks the greenback against…
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Daily Broad Market Recap – July 25, 2024
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Major assets were poised to extend themes from the previous day when the US GDP release shook up overall price action. How did the major assets trade yesterday? We’re breaking down the headlines you might have missed! headlines: People’s Bank of China Surprisely Cuts Medium-Term Lending Facility Rates By 20…
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Unlocking Capital: How Life Insurance Can Be a Strategic Tool for Savvy Traders
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Life insurance is often seen as a means of financial protection for loved ones. However, it also presents unique opportunities for traders looking to unlock additional capital. In the UK, using life insurance as a financial tool can provide traders with a flexible and secure way to boost their trading…
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Asia FX weakens with yuan volatile, dollar steady ahead of PCE data By Investing.com
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Most Asian currencies moved in a flat-to-low range on Friday with the Chinese yuan volatile amid suspected intervention by the People’s Bank of China, while the dollar held steady ahead of key inflation data. Weak risk appetite has seen traders shun most regional currencies this week, while the Japanese yen…
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Chart Art: EUR/JPY To Return To Its Long-term Uptrend?
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The EUR/JPY currency pair is showing a very interesting reversal candle on the daily time frame. Is the pair ready to return to its longer-term trend? We are looking at the daily chart of the EUR/JPY pair today! EUR/JPY Daily Currency Pair Chart by TradingView In case you missed it,…
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USD/JPY volatility stays in focus after the bounce yesterday
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USD/JPY Daily Chart Yesterday’s low was touched at 151.93 and this was similar to the May low before it recovered. The decline failed to test the 200-day moving average (blue line), which we currently see at 151.58. But the sellers are still in control as the price has already dropped…
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Spot work startup Timee shares pop 30% in Tokyo debut By Reuters
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TOKYO (Reuters) – Shares of Taimi, a startup that runs a platform that connects workers looking for side jobs with companies facing labor shortages, surged about 30 percent on Friday in its Tokyo stock market debut. The company’s shares opened at 1,850 yen, valuing the company at about $1.1 billion.…
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Spot work startup Timee shares pop 30% in Tokyo debut By Reuters
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TOKYO (Reuters) – Shares of Taimi, a startup that runs a platform that connects workers looking for side jobs with companies facing labor shortages, surged about 30 percent on Friday in its Tokyo stock market debut. The company’s shares opened at 1,850 yen, valuing the company at about $1.1 billion.…
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Strong Consumer Spending And Private Inventories Boosted U.S. GDP in Q2
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The preliminary estimate of US GDP for the second quarter of 2024 showed Economy grows by 2.8%This is much faster than the expected 2.5% increase and almost double the downwardly revised 1.4% growth in the previous quarter! The Ministry of Commerce explained that the acceleration in growth from the first…
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The RBNZ’s guide for members of its Monetary Policy Committee (MPC) – link to full text
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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 stock futures rise as tech rout pauses; PCE data awaited By Investing.com
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U.S. stock index futures rose in overnight trading on Thursday as heavyweight technology stocks appeared to pare back painful losses from recent sessions, with focus shifting to key upcoming inflation data. Stock futures rose after Wall Street had another mostly negative session following some big, disappointing gains in the technology…
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TA of the Day: Carry Trade Unwind Crushes AUD/JPY! What’s Next?
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the Japanese Yen The pound is currently at its highest level in two and a half months, thanks to traders liquidating their bets against it ahead of the Bank of Japan meeting next week. With the recent sharp decline in global stock markets, market participants have moved away from riskier…
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Citi outline bearish and bullish risks for oil under Trump
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Reuters published a piece from Citi’s report on politics and oil. Briefly: Trump presidency may cause oil prices to fall A combination of factors including tariffs, oil-friendly policies, and OPEC+ pushing more oil into the market The main upside risk to oil markets under a Trump presidency is pressure on…
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Newmont reports $4.4 billion in revenue By Investing.com
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Newmont Corporation (NYSE: NEM), one of the world’s leading gold producers, reported robust operational and financial results for the second quarter of 2024. The company’s focus on safety, sustainability, and strategic asset management has paid off with a reported $4.4 billion in revenue and an average realized gold price of…
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Citi sees potential for USD/JPY tactical longs amid strong US GDP data By Investing.com
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Citigroup highlighted the key support level for the Japanese yen against the US dollar, noting that the pair maintained its position above the 152 level. This level was previously identified as an important resistance point throughout 2022 and early 2023, and served as a crucial breakout area in 2024. Additionally,…
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GBPUSD trades to a new low and with it, a cluster of support targets
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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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Wall Street rises as small caps advance, megacaps recover ground By Reuters
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By Lisa Pauline Matakal and David French (Reuters) – Wall Street’s main indexes rose on Thursday, a day after a sell-off led by technology stocks, as small-cap stocks and stronger-than-expected gross domestic product data provided support. Small-cap stocks rose 2.3%, on track to fully recoup Wednesday’s big losses. The Dow…
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Japanese officials quiet on forex as yen sharply rebounds By Reuters
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Written by Makiko Yamazaki RIO DE JANEIRO (Reuters) – Japanese Finance Minister Shunichi Suzuki and top currency diplomat Masato Kanda declined to comment on foreign exchange rates on Wednesday as the yen rose to its highest level against the dollar in more than two months. Asked about the yen’s recent…