Category: Markets
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Biden’s family has started discussing his exit plan – report
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Amnesty International Image NBC Reports Biden’s family has specifically discussed how he wants to end his campaign, including the timing, sources familiar with the matter said. Biden’s family members have specifically discussed how he wants to end his reelection bid on his own time and with a carefully calculated plan,…
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‘Epic’ tech selloff will continue unless mega cap Tech lifts revenue guidance: GS By Investing.com
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The massive momentum reversal in favor of small-cap stocks at the expense of large-cap stocks is likely to continue, according to strategists at Goldman Sachs. Last week, small-cap companies posted a historic weekly performance versus large-cap companies, attributed to several factors, including slowing inflation and expectations that the Federal Reserve…
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Gold falls below $2400 in heavy selling
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Gold daily You might expect gold to benefit from the global computer crash, but that’s not the case today. Commodities are suffering across the board due to profit-taking. Gold is down about 2% and silver is down 3.3% after the breakout we had this week failed. Gold has now fallen…
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Market mosaic: Navigating through a mixed performance landscape
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Stock Heat Map from FinViz.com Friday, July 19, 2024 13:46:11 GMT Market Mosaic: Navigating the Mixed Performance Landscape Today’s stock market offers a vibrant tapestry of performance across sectors, as is clearly evident in the latest heat map snapshot. As markets fluctuate, understanding sector dynamics becomes critical to informed investment…
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Boeing to supply E-7 in first major win since plea deal By Reuters
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FAIRFORD, England (Reuters) – The U.S. Air Force said it had reached an agreement with Boeing Co to supply E-7 Wedgetail early warning and control aircraft, downplaying concerns that the company’s internal crisis could hurt its ability to supply the Pentagon. The interim deal includes rapid production of prototypes as…
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Kickstart the FX trading day for July 19 w/a technical look at the EURUSD, USDJPY & GBPUSD
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In my opening video on July 19, I took a look at the three major currency pairs – EURUSD, USDJPY, and GBPUSD. The EUR/USD pair fell, continuing the decline it started yesterday, and in the process tested its rising 200-hour moving average at 1.08794. This moving average will serve as…
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US resumes taking F-35 after delays over software upgrade By Reuters
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FAIRFORD, England (Reuters) – The United States has resumed deliveries of F-35 jets with an interim upgrade after months of delays due to software delays and will withhold some payments until remaining upgrades are ready, senior officials said on Saturday. Lockheed Martin The company (NYSE:) and major suppliers have been…
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US resumes taking F-35 after delays over software upgrade By Reuters
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FAIRFORD, England (Reuters) – The United States has resumed deliveries of F-35 jets with an interim upgrade after months of delays due to software delays and will withhold some payments until remaining upgrades are ready, senior officials said on Saturday. Lockheed Martin The company (NYSE:) and major suppliers have been…
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USDCAD higher on the day. Retail sales weak pave the way for a BOC rate cut next week.
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The USD/CAD pair rose during the North American session following weaker-than-expected retail sales earlier today. This, coupled with weaker CPI data earlier this week, paves the way for a Bank of Canada interest rate cut next week (Wednesday). Technically, the price broke a bearish trend line, maintaining the bullish trend…
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Nippon Steel hires Mike Pompeo to advise on U.S. Steel deal By Reuters
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TOKYO (Reuters) – Japan’s largest steelmaker Nippon Steel Corp said on Saturday it has hired former U.S. Secretary of State Mike Pompeo to help in its efforts to acquire U.S. Steel. “We look forward to working with him to further emphasize the ways in which Nippon Steel’s acquisition of U.S.…
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How would the bond and FX markets react to Biden dropping out of the race?
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10-Year US Treasury Yields The bond market is usually the first to figure things out, but even that market is suffering from political turmoil and economic uncertainty right now. Notably, yields on long-term Treasury bonds jumped immediately after the debate on June 28, signaling a Republican sweep along with more…
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6 reasons why U.S. economy may not achieve soft landing: BCA By Investing.com
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BCA Research has identified six key reasons why the U.S. economy may struggle to achieve a soft landing, as explained in its latest note, “Cold Hard Facts: Positioning for an Economic Downturn.” Here are the six factors they believe could prevent a soft landing: 1. Consumer Drainage: The company notes…
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What is the impact of potential Trump 2.0 on Europe? By Investing.com
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Donald Trump’s odds of winning a second term are increasing, with prediction markets now giving him a 60% chance of victory in November. Given the major economic and geopolitical shifts that Trump’s first term has seen, a potential second Trump presidency could have profound implications for Europe, according to analysts…
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AUDUSD runs into a cluster of support as the week moves toward the close.
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The AUDUSD pair has been down this week, but as the week comes to a close, the AUDUSD pair is facing a range of support as the week comes to a close. The area is located between 0.6676 and 0.6689. He targeted this area in the post on Wednesday, saying:…
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AUDUSD runs into a cluster of support as the week moves toward the close.
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The AUDUSD pair has been down this week, but as the week comes to a close, the AUDUSD pair is facing a range of support as the week comes to a close. The area is located between 0.6676 and 0.6689. He targeted this area in the post on Wednesday, saying:…
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CrowdStrike update that caused global outage likely skipped checks, experts say By Reuters
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Written by Ziba Siddiqui SAN FRANCISCO (Reuters) – A routine update by CrowdStrike Inc (NASDAQ: CST) to its widely used cybersecurity software that caused its clients’ computer systems to crash worldwide on Friday did not appear to have undergone adequate quality checks before it was deployed, security experts said. The…
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Heads up for China rate setting coming up on Monday
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The People’s Bank of China announced key interest rates for one-year and five-year loans on Monday, The announcement is usually on the 20th of the month, but since that day is Saturday, it will be on Monday instead. Earlier this week, we conducted a monthly setup for the Medium-Term Lending…
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Exclusive-US-Japan Patriot missile production plan hits Boeing component roadblock By Reuters
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By Nobuhiro Kubo and Tim Kelly TOKYO (Reuters) – A U.S. plan to use Japanese factories to boost production of Patriot air defense missiles, used by Ukraine to defend against Russian attacks, has been delayed by a shortage of a vital component made by Boeing Co, four sources said. Japan’s…