Category: Markets
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The inflation scare is over: The pandemic was a perfect storm
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These ancient generals were elegant (AI image) I believe global central bankers are on the verge of making a mistake that will undermine growth. The generals are always fighting the last war, and central bankers will continue to fight the specter of inflation, even as it becomes increasingly clear that…
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What can investors expect for S&P 500 earnings growth in 2025 By Investing.com
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As the second half of 2024 begins, market participants are reassessing their earnings growth expectations not only for this year but for 2025 as well. Wall Street analysts expect S&P 500 companies to see strong earnings per share growth of 14.5% in 2025. According to analysts at Yardeni Research, this…
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AUDUSD runs higher & is breaking out in the process. Can buyers keep the momentum going?
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The AUD/USD pair has been mostly trading between 0.6573 and 0.67134 since early May. This week, the price rose to its highest level since early January. Today, the price corrected lower to hold its old high level near 0.6708/0.6713. The price went up. Then the price corrected down to retest…
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US miners push Washington to revive long-dormant Bureau of Mines By Reuters
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By Ernest Scheider (Reuters) – Mining trade groups are planning a push in Washington to revive and expand the long-defunct Bureau of Mines, an effort aimed at streamlining how the U.S. government regulates and subsidizes production of critical minerals and that coincides with the 2024 presidential election. The lobbying campaign,…
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Geopolitics: Head of Israel’s Mossad returned from Doha after initial cease-fire meetings
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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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Meme stock speculation propels Koss shares 25% higher on Friday By Reuters
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By Susan McGee (Reuters) – Shares of headphone maker Koss Corp rose for a second straight session on Friday to close at $13.35 after trading as high as $18.50 earlier in the day, as social media posts speculated that a post by stock influencer Keith Gill signaled his interest in…
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USDCHF sellers push the price to the low for the week. Price back below the 100 day MA.
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The USD/CHF pair is trading at fresh weekly lows today after hitting resistance at the start of the trading week (Monday). This upside resistance came in the swing zone between 0.9044 and 0.90565. The subsequent move to the downside tried to find support against its 100-day moving average mid-week but…
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Apple okays Epic Games marketplace app in Europe By Reuters
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Written by Jaspreet Singh and Fu Yun Che Apple Inc said on Friday it had approved the Epic Games Store app for iPhones and iPads in Europe, after the Fortnite maker escalated its dispute with the tech giant, accusing it of obstructing its efforts to create a game store on…
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Global Market Weekly Recap: July 1 – 5, 2024
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Last week was an eventful one for global markets despite the shortened trading week in the US. Politics played a big role with the French elections over the weekend, the UK parliamentary elections and the prospects for the US presidential election likely to grab attention and impact major financial market…
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Key events and releases for traders in the upcoming trading week
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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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Talen asks US regulators to reject challenge to Amazon data center deal By Reuters
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Written by Leila Kearney NEW YORK (Reuters) – Talen Energy Inc. has asked U.S. regulators to dismiss a challenge to its recent data center deal with Amazon.com Inc. that is being challenged by a group of electric utility companies that say the deal could raise consumers’ electricity bills, according to…
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Forexlive Americas FX news wrap 5 Jul: NFP for June sent the USD lower/yields tumbling
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The U.S. jobs report showed nonfarm payrolls rose by 206,000 jobs, beating expectations and up from 190,000 previously estimated. However, the details of the report were less than impressive. The revision for the previous two months was -111K. This more than offsets the above-expected growth this month. The unemployment rate…
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TD’s chief compliance officer departs amid US anti-money laundering probe By Reuters
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TORONTO (Reuters) – TD Bank’s chief compliance officer has left the bank, according to an internal memo, as the Canadian lender faces U.S. regulators and the Justice Department in an investigation into its anti-money laundering program. Monica Kowal, who joined the bank in 2017, left the company this week and…
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NASDAQ closed at new record levels each day of this trading week
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All three major indexes closed higher today. The Nasdaq closed higher for the fourth straight day. Each of those days marked a new record close. The S&P also rose for the fourth straight day, with three of those closings marking new record highs. A screenshot of the final levels shows:…
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Carlyle in talks to buy Baxter’s kidney care unit, source says By Reuters
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(Reuters) – Private equity firm The Carlyle Group Baxter International Inc (NYSE:BAX) is in exclusive talks to buy kidney care company Vantiv for more than $4 billion, including debt, a person familiar with the matter told Reuters on Friday. Shares of the Deerfield, Illinois-based company rose more than 4%. The…
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NZDUSD trading near session highs for the week. Bias more in favor of buyers.
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As the trading week comes to a close, the NZDUSD pair is trading near its highest levels of the week. Technically, the move to the upside also broke the 100-bar moving average on the 4-hour chart at 0.61116 and the 200-bar moving average on the same chart at 0.61267. Today’s…
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New York Fed Nowcast growth estimate for Q2 falls to 1.8% down from 1.93% last week
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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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EU asks Amazon for more info on Digital Services Act compliance By Reuters
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BRUSSELS (Reuters) – The European Commission said on Friday it had asked Amazon.com Inc. to provide more information on the measures the U.S. e-commerce giant has taken to comply with its obligations under the Digital Services Act. “In particular, Amazon is requested to provide detailed information on its compliance with…
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Dollar slips ahead of payrolls; sterling gains post election By Investing.com
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The US dollar fell in early European trading on Friday ahead of a key monthly jobs report, while the British pound rose after the UK general election result. At 03:55 ET (07:55 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was down 0.4%…