Category: Markets
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RBNZ Slashes Rates by 50 bps, Signals Further Easing Ahead
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The Reserve Bank of New Zealand (RBNZ) has cut its official cash rate (OCR) by 50 basis points to 4.75%, marking a major shift in its monetary policy stance. The move, while widely expected by markets (as discussed in our events guide), underscores the central bank’s growing concerns about economic…
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Forexlive Americas FX news wrap 9 Oct: Dollar, yields and stocks move higher ahead of CPI
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The Reserve Bank of New Zealand cut interest rates by 50 basis points causing the New Zealand dollar to fall against all major currencies. The largest decline was against the US dollar by -1.32%, and the US dollar was the strongest among the major currencies today: US CPI data will…
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US stock gains after Fed minutes By Investing.com
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Investing.com – US stocks rose on Wednesday, as investors continued to digest clues about interest rates from the Federal Reserve. At 3:24 PM EST (19:24 GMT), the stock was up 409 points, or 1%, gained 0.6%, and added 0.5%. Fed meeting minutes show a majority of members support the deep…
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Dollar edges higher ahead of Fed minutes; euro weakens By Investing.com
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Investing.com – The US dollar rose on Wednesday ahead of an opportunity to assess US interest rate expectations, while the euro fell. At 04:10 EDT (08:10 GMT), the dollar index, which tracks the US currency against a basket of six other currencies, rose 0.1% to 102.387, not far from its…
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Dollar edges higher ahead of Fed minutes; euro weakens By Investing.com
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Investing.com – The US dollar rose on Wednesday ahead of an opportunity to assess US interest rate expectations, while the euro fell. At 04:10 EDT (08:10 GMT), the dollar index, which tracks the US currency against a basket of six other currencies, rose 0.1% to 102.387, not far from its…
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What did a few, some, several, many, etc Fed officials agree on in the Fed minutes
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1. A little A few respondents noted that companies remained reluctant to lay off workers after having difficulty obtaining employees earlier in the post-pandemic period. A few participants also added that a 25 basis point move could indicate a more predictable path to policy normalization. A few participants noted that…
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US dollar edges up to two month highs as Fed, CPI eyed By Reuters
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Written by Alden Bentley NEW YORK/LONDON (Reuters) – The U.S. dollar rose on Wednesday ahead of the release of records of the Federal Reserve’s decision in September to cut interest rates by 50 basis points, reflecting confidence that the central bank will not continue to ease aggressively. Concerns about demand…
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European equity close: Strong bounce with the DAX leading the way
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk 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 or…
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Morocco stocks higher at close of trade; Moroccan All Shares up 0.92% By Investing.com
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Investing.com – Moroccan stocks rose after the close on Wednesday, as gains in sectors led stocks higher. At the end of trading in Casablanca, the stock rose by 0.92%. The best performers of the session were Realis. Mechanics (CSE:) stock rose by 5.46%, or 23.30 points, and its price reached…
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Buy the Aussie dollar on Chinese support
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Investing.com – Investors should look to buy the Australian dollar, according to HSBC, as the currency has three crucial tailwinds. The first, and perhaps most important, factor likely to support the dollar is policy support from China, HSBC analysts said in a note dated October 9. Chinese optimism helped lift…
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5 Useful Tips for Surviving a Market Crash
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Market headlines aren’t exactly looking cheerful these days, leading some to worry that another collapse could be on the horizon. How can your account survive if this happens? Here are five tips to keep in mind: 1. Be rational This is simply a more positive way of saying “Don’t panic!”…
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5 Useful Tips for Surviving a Market Crash
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Market headlines aren’t exactly looking cheerful these days, leading some to worry that another collapse could be on the horizon. How can your account survive if this happens? Here are five tips to keep in mind: 1. Be rational This is simply a more positive way of saying “Don’t panic!”…
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Forexlive European FX news wrap: Tight ranges as we await the US CPI
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk 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 or…
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US bank profits to shrink on interest income, focus shifts to Fed cuts By Reuters
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Written by Nupur Anand NEW YORK (Reuters) – JPMorgan Chase and Wells Fargo began reporting sector earnings on Friday, with investors expected to focus on the big banks’ net interest income forecasts after strong jobs data fueled uncertainty about the future path of the federal funds rate. Sale. Both banks…
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Use caution over potential US dollar weakness
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Investing.com – The US dollar received a boost last week, but UBS advised caution for those looking for a quick reversal of recent strength and only see highly selective opportunities at the moment. “Our predictions last week that ‘traditional’ G10 news linked to US labor market developments would overshadow ‘non-traditional’…
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Chart Art: Break And Retest Setup For WTI Crude Oil (USOIL)
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Do you remember the resistance area we identified a few days ago? Well, WTI has broken above the region! This time, we look at the possibility of a breakout and retest situation: West Texas Intermediate (USOIL) 4 hours Chart by TradingView In case you missed it today Daily market summaryYou…
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Chinese Stocks Drop, US Futures Decline on Google: Markets Wrap
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(Bloomberg) — Chinese stocks fell on Wednesday as traders weighed weak economic data from the Golden Week holiday and questioned Beijing’s commitment to further stimulus measures. Most read from Bloomberg The benchmark CSI 300 index underperformed the region, falling as much as 7.4% before paring some of its losses after…
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Chinese Stocks Drop, US Futures Decline on Google: Markets Wrap
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(Bloomberg) — Chinese stocks fell on Wednesday as traders weighed weak economic data from the Golden Week holiday and questioned Beijing’s commitment to further stimulus measures. Most read from Bloomberg The benchmark CSI 300 index underperformed the region, falling as much as 7.4% before paring some of its losses after…
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The @Newsquawk Europe Market Open: China finance briefing, ECB and Fed speakers ahead
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Full note ? Asia-Pacific stocks traded mixed, initially benefiting from a technology-led rally on Wall Street, while China’s upcoming fiscal policy summary looms. ?Main developments: The Chinese Ministry of Finance will hold a press conference on October 12 to explain the fiscal policy adjustments. The Reserve Bank of New Zealand…
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TSMC’s third-quarter revenue easily beats market forecast By Reuters
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TAIPEI (Reuters) – TSMC, the world’s largest contract chip maker, on Wednesday reported third-quarter revenue that easily beat market and the company’s own expectations as it reaped the benefit of demand for artificial intelligence. The Taiwan Semiconductor Manufacturing Company, whose clients include Apple (NASDAQ:) and Nvidia (NASDAQ:), has been at…