Category: Markets
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US data focus for Tuesday – June 2024 retail sales – the range of expectations to watch
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On Tuesday at 12:30 GMT, or 08:30 EST, we will get retail sales for June 2024. Consensus forecasts are shown in the table below. This image is taken from ForexLive’s economic data calendar, You can access it here.. As for the ranges, for monthly retail sales: Data results that fall…
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Wall Street dives into Dollar General’s outlook By Investing.com
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About the company Dollar General Corporation (NYSE:), a leader in the U.S. discount retail sector, continues to operate in a complex market environment. Its extensive network of more than 14,000 stores offers a broad range of products, including consumer goods, seasonal items, home products and apparel. With CEO Todd Vasos…
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WSJ: China’s Economy Is in Trouble – Xi Jinping leaving long-running problems to fester
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The Wall Street Journal is closed but if you can get through it you will find that it paints a bleak picture of the Chinese economy: Growth is slowing and becoming increasingly unbalanced, supported by exports and a surge in factory investment, while much of the rest of the economy…
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Activist Starboard builds over 6.5% stake in Tinder owner Match, WSJ reports By Reuters
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(Reuters) – Activist investor Starboard has a stake of more than 6.5% in Tinder owner Match and is pushing for a potential sale if the turnaround attempts fail, the Wall Street Journal reported on Monday, citing people familiar with the matter. Match shares rose about 9% in extended trading after…
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UK building firms face worst recruitment problems, survey shows By Reuters
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LONDON (Reuters) – Construction and engineering companies are bearing the brunt of Britain’s labour shortage, a survey showed, highlighting the challenge facing Prime Minister Keir Starmer in delivering on his plans to boost housing and infrastructure. The British Chambers of Commerce’s quarterly recruitment survey showed 82% of construction and engineering…
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TA of the Day: Litecoin On the Verge of a Breakout?
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He is Litecoin/US Dollar About to go upside? Litecoin (LTC), Layer 1 cryptocurrencyThe country is witnessing a rise in large money movements. According to In the masson $2.85 billion $100 million worth of Litecoin is transferred daily in large amounts (transactions over $100,000). This represents more than half of the…
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Spot Ether ETFs are likely to begin trading on Tuesday July 23 (unnamed sources)
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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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Vertex sues US over fertility support program for Casgevy gene editing therapy By Reuters
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(Reuters) – Vertex Pharmaceuticals Inc. sued the U.S. Department of Health and Human Services on Monday seeking a court declaration that its fertility support program for patients prescribed its gene-editing treatment Kasgevi does not violate federal anti-kickback laws. Casgevy is approved to treat two genetic disorders — sickle cell disease…
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Vertex sues US over fertility support program for Casgevy gene editing therapy By Reuters
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(Reuters) – Vertex Pharmaceuticals Inc. sued the U.S. Department of Health and Human Services on Monday seeking a court declaration that its fertility support program for patients prescribed its gene-editing treatment Kasgevi does not violate federal anti-kickback laws. Casgevy is approved to treat two genetic disorders — sickle cell disease…
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S&P index moves back below record closing level
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Stocks fell and traded at new lows for the day. The S&P 500 has now fallen below its previous record close at 5633.92. The low just reached 5626.62 and is trying to rally back. The price has been trading above and below 5633.92 over the past few minutes of trading.…
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Wall St rises as investors bet on second Trump term By Reuters
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By Lisa Pauline Matakal and Anika Biswas (Reuters) – Wall Street stocks jumped in positive trading on Monday, as presidential candidate Donald Trump’s chances of winning a second term increased after surviving an assassination attempt, while hopes of lower interest rates also helped market sentiment. Under Trump, markets expect a…
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Goldman Scahs makes the case for a July Fed cut. What’s priced in?
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The Fed’s blackout begins Friday at midnight and there’s little chance of a rate surprise unless officials announce it first. The main chance to do so today comes with Powell’s appearance at 12:30 p.m. ET at the Economic Club of Washington. Other than that, we’ll hear from a handful of…
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It is ‘too early’ to prefer Eurozone over the US: JPMorgan By Investing.com
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Analysts at JPMorgan said in a note to clients on Monday that they believe it is too early to favor euro zone stocks over U.S. stocks. Despite the notable performance of the MAG 7 index, which was primarily driven by MAG 7 stocks, the bank says the SPW index saw…
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Dollar strengthens after Trump shooting; Asia FX weakens By Investing.com
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Most Asian currencies were little changed on Monday, while the dollar received some safe-haven demand after the assassination attempt on former U.S. President Donald Trump over the weekend. Regional trading volumes were thin due to a Japanese market holiday. The yen also weakened slightly against the dollar, keeping markets on…
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How To Develop Your Market Edge in Trading
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author Trading in the region Mark Douglas defines trading advantage as: “Nothing more than an indication of a higher probability of one thing happening rather than another.” This market advantage must be objective and measurable, which means it is backed by numbers and statistics. You might roll your eyes and…
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How To Develop Your Market Edge in Trading
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author Trading in the region Mark Douglas defines trading advantage as: “Nothing more than an indication of a higher probability of one thing happening rather than another.” This market advantage must be objective and measurable, which means it is backed by numbers and statistics. You might roll your eyes and…
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Powell and the Empire Fed highlight the economic calendar
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Powell checks the calendar (AI image) I wish you a happy Monday and certainly a happier one than it could have been. The Fed chairman spoke twice last week, so it’s hard to imagine he’ll change his stance, but he had the CPI from the second day of his testimony,…
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Dollar steadies ahead of Powell’s speech; euro edges higher By Investing.com
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The US dollar steadied in early European trading on Monday, giving up some of the gains it made after the assassination attempt on former US President Donald Trump over the weekend, ahead of comments from Federal Reserve Chairman Jerome Powell. At 05:45 ET (09:45 GMT), the dollar index, which tracks…
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NZDUSD Technical Analysis – The RBNZ weighed on the Kiwi
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Basic Overview The US dollar fell broadly last week after another weak US CPI report and positive jobless claims numbers. The market has not only priced in a September rate cut, but has also started to price in some chances of a back-to-back rate cut in November. Overall, we had…
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PayPal fined $27.3 million by Polish watchdog for ambiguous clauses By Reuters
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WARSAW (Reuters) – Poland’s antitrust and consumer watchdog said on Monday it had fined PayPal Europe 106.6 million zlotys ($27.3 million) for failing to make clear in contractual terms to consumers which activities could result in fines. UOKiK said that prohibited activities that could result in penalties were described in…