Category: Markets
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Dollar slips after Biden pulls out, euro rebounds after losses By Investing.com
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Investing.com – The U.S. dollar fell on Monday after U.S. President Joe Biden’s decision to end his re-election campaign, with the euro benefiting despite its weak tone after last week’s European Central Bank meeting. At 06:00 ET (10:00 GMT), the dollar index, which tracks the greenback against a basket of…
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Bundesbank calls for rate cuts to be “carefully considered” as inflation risk persists
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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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Bundesbank calls for rate cuts to be “carefully considered” as inflation risk persists
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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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Analysis-With no big deal safe, investment bankers move to safeguard fees By Reuters
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By Anirban Sen NEW YORK (Reuters) – Investment bankers are changing the way they charge for their fees in an effort to preserve and boost the fee income they generate from advising companies on mergers and acquisitions, as more high-profile deals face regulatory challenges. Many of these fees aren’t paid…
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Analysis-With no big deal safe, investment bankers move to safeguard fees By Reuters
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By Anirban Sen NEW YORK (Reuters) – Investment bankers are changing the way they charge for their fees in an effort to preserve and boost the fee income they generate from advising companies on mergers and acquisitions, as more high-profile deals face regulatory challenges. Many of these fees aren’t paid…
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Dollar eases as Biden ends re-election bid, drops vs yen By Reuters
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By Kevin Buckland and Stefano Ribaudo (Reuters) – The dollar was slightly lower against a basket of currencies on Monday while falling sharply against the yen as investors focused on U.S. President Joe Biden’s decision to end his re-election campaign and the next moves from the Federal Reserve and the…
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Chart Art: GBP/CHF’s Potential Head And Shoulders Reversal
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GBP/CHF is forming a potential bearish reversal pattern ahead of the UK PMI this week! Is the pair heading towards its June lows? Or will it find support from a previous area of interest? We are checking out the 4 hour chart today! GBP/CHF currency pair on 4-hour chart Chart…
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Market Outlook for the Week of 22nd – 26th July
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The foreign exchange calendar is light on events scheduled for Monday and Tuesday. On Tuesday, traders will be watching the US existing home sales data and the Richmond manufacturing index. On Wednesday, focus shifts to the spot services PMI and spot manufacturing PMI for Australia, Japan, the eurozone, the UK…
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Asia FX weak, dollar edges lower after Biden drops presidential bid By Investing.com
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Investing.com – Most Asian currencies were steady on Monday after an unexpected interest rate cut in China provided some cheer, while the dollar fell after President Joe Biden said he would not seek re-election. Biden has endorsed Vice President Kamala Harris, who is now likely to face Republican front-runner Donald…
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Chart Art: WTI Crude Oil (USOIL) Triangle Breakout Retest Levels
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Did you miss the opportunity to breakout the triangle pattern on WTI crude oil? It is best to watch these Fibonacci retracement levels in case the price retests! Crude Oil WTI (USOIL) 4 hours Chart by TradingView It looks like crude oil has chosen a downward path on the triangle…
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CNH is lower to open the week after the PBOC cut rates
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The People’s Bank of China cut interest rates today: The People’s Bank of China announced cutting the 7-day reverse repurchase rate to 1.70% from 1.80%. The last seven-day federal funds rate cut was in August 2023, when it also cut the seven-day federal funds rate. None of them were cut…
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Xpeng, Volkswagen set up project house to roll out new EV architecture By Reuters
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Chinese electric vehicle maker Xpeng (NYSE:) said Monday it has set up project houses for engineers in partnership with German automaker Volkswagen AG (OTC:) to accelerate the development of new electric vehicle architecture. The new facilities, to be built in the Chinese cities of Guangzhou and Hefei, will serve as…
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China cuts 1 and 5 year loan prime rates by 10 basis points each
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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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Dollar Edges Lower Following Biden’s Election Exit: Markets Wrap
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Breadcrumbs Path Links PMN Business The dollar fell in early Asian trade after Joe Biden ended his re-election campaign and endorsed Vice President Kamala Harris. The region’s stocks look set for a mixed start. Article author: Bloomberg News Matthew Burgess and Maria Elena Vizcaino Published on July 21, 2024 •…
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Aviation summit opens amid jet shortages, supply chain turbulence By Reuters
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By Joe Brock and Tim Heffer FARNBOROUGH, England (Reuters) – Aviation leaders gather for a high-profile summit outside London on Monday as the industry struggles to cope with supply chain disruptions, aircraft delays and failed plans to cut carbon emissions. The Farnborough Airshow, which runs from July 22-26, a gathering…
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Trouble for China hedge funds? Reuters: Brace for upheaval from tough new rules
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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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Exclusive-Illicit chip flows to Russia seen slowing, but China, Hong Kong remain transshipment hubs By Reuters
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By James Pomfret and Michael Martina HONG KONG/WASHINGTON (Reuters) – Semiconductors and other banned goods shipped through China and Hong Kong to fuel Russia’s war effort have fallen by a fifth this year, previously undisclosed U.S. Commerce Department data shows, but Hong Kong remains a global hub for sanctions evasion.…
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Early Monday FX rates – 22 July 2024 – US dollar little changed after Biden pulls out
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I’ve posted the very early interest rates here: Opening levels Monday morning, indicative exchange rates July 22, 2024, little changed from late Friday Now updating with Sunday’s big political news from the US, Biden has withdrawn from the presidential election: It’s finally Gopher. It’s still very early here in Asia,…
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Investors react to Biden pulling out of presidential race By Reuters
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NEW YORK (Reuters) – U.S. President Joe Biden ended his re-election campaign on Sunday after fellow Democrats lost confidence in his intelligence and ability to defeat Donald Trump, leaving the presidential race in uncharted territory. Here are the investors’ comments: David Wagner, Portfolio Manager, APTUS CAPITAL ADVISORS LLC, Fairhope, Alabama:…