Category: Markets
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Equiti Claims Victory at 2024 Mini-Football Tournament in Limassol
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The much-awaited FXCubic Mini-Football Tournament 2024 took place today (Friday) in Limassol. This exciting soccer sensation, organized by the fintech specialist FXCubic, brought together top FX industry brands, including brokers and technology providers, for an evening of fierce but friendly competition, complete with music, food, and drinks. Dedicated Forex cloud…
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Dollar pares losses as Fed officials project only one rate cut this year By Reuters
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Written by Karen Brettell NEW YORK (Reuters) – The dollar fell on Wednesday after data showed that consumer prices in May rose less than economists expected, but pared losses after an updated interest rate forecast by Federal Reserve officials showed an expectation of another rate cut. Only one this year.…
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Unlocking Apple’s Stock Potential: Technical Signals to Watch
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Apple rose this week on the back of news of the company’s new AII (and its product announcement at the Worldwide Developers Conference). Basically, we hope that the new AI initiatives will spark a new round of product upgrades for its user base. This is something new versus what were…
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Novo Nordisk CEO to testify in US Senate hearing on high cost of Ozempic, Wegovy By Reuters
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(Reuters) – Novo Nordisk (NYSE:) CEO Lars Jorgensen has agreed to voluntarily testify at a hearing focusing on U.S. prices for weight-loss drugs Ozempic and Wegovy, the Senate Committee on Health, Education, Labor and Pensions said on Friday. A vote by the US Senate Health Committee, which was scheduled to…
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Finance Magnates London Summit is Returning for its 13th Year!
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BoJ’s announcement will weaken the yen – Julius Baer By Investing.com
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Investing.com – Following the Japanese monetary authority’s decision to keep interest rates at 0.10%, having previously abandoned ultra-loose policy with negative interest rates, the perception with bond buying ending later than expected is that the yen will weaken, Julius Baer noted. In a note on Friday. Expectations indicate that the…
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Cruise stocks fall as BofA sees modest softness in prices By Investing.com
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Cruise line inventory Royal Caribbean (NYSE:), Carnival Corp. declined. (NYSE:), Danish Cruise Line (NYSE:), and Viking Holdings (VIK) on Friday after Bank of America analysts said in a note they see a modest decline in cruise prices. RCL stock fell more than 5%, while CCL stock fell more than 8%.…
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Kadena Announces Partnership with Lurk Lab to Build ZK Bridge
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Argentina extends currency swap with China, defusing repayment fears By Reuters
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BUENOS AIRES (Reuters) – Argentina and China have renewed the activated portion of a major currency swap line for the equivalent of $5 billion until July 2026, the central bank said on Wednesday, dispelling concerns that they may have to make large installments over the next month. . The South…
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Daily Broad Market Recap – June 13, 2024
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How did major assets trade after the US CPI report and Fed decision in June? We’ve got details on Thursday’s market headlines and price action you need to know! Titles: Australian employment change In May: 39.7K (30.5K expected, 37.4K previous); The unemployment rate fell from 4.1% to 4.0% as expected…
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The USDCHF is lower keeping the seller in control. The 200D MA is a key downside target.
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USD/CHF rebounded earlier this week in the process extending above the 38.2% retracement of the downward move from the May high to the June low. The level came at 0.8986. However, the momentum could not be maintained as the price began to rotate towards the downside supported by the weaker…
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This stock is up 16% in premarket trading and could continue to gain By Investing.com
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Investing.com – I realize this might get repetitive, but another one of June’s AI picks is gaining big time in pre-market trading today. Adobe Systems Incorporated (NASDAQ:), part of the Beat the S&P 500 strategy for June, rose 16% in pre-market trading after posting strongly and providing better full-year 24…
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Former MultiBank Sales Director Takes Helm as CEO at MHMarkets
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French Political Turmoil Ignites Rush for Havens: Markets Wrap
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(Bloomberg) — Investors sought safe-haven assets as concerns grew about political unrest in France, with European stocks heading for their worst week since October and U.S. stock futures weakening. Most read from Bloomberg The Stoxx 600 index fell by 1.2%, extending its losses since Monday to 2.6%. France’s CAC 40…
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Dollar just lower; euro set for sharp weekly loss on political turmoil By Investing.com
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Investing.com – The US dollar fell slightly on Friday, while the euro also fell, heading for a sharp weekly loss amid political turmoil in the region. At 04:20 EDT (08:20 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was down 0.1% at 105.125.…
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BOJ Kept Rates Steady As Expected But Delayed Planning For The Reduction Of Bond Purchases To July
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As expected, the Bank of Japan (BOJ) refrained from making monetary policy changes in June after raising interest rates in March. In a unanimous vote, the target range for key short-term interest rates remained at 0.0%-0.10%. Link to the Bank of Japan’s June statement What markets did not expect was…
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EURUSD Technical Analysis – The pair broke through a key support
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Basic overview The US dollar was sold off across the board on Wednesday following the release of a weak US CPI report. This data has prompted the market to re-price the discounts twice this year. Later in the day, we got a tougher than expected decision from the FOMC as…
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Tesla bull case upped to $350 after Musk’s pay package approval
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Shareholders of Elon Musk and Tesla (NASDAQ:) are having a “pop the champagne” moment after their controversial 2018 compensation package and Texas incorporation received overwhelming approval at the company’s annual meeting in Austin, Wedbush analysts said. Marking a pivotal moment for the company, company analysts expect the $20 to $25…
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Changes in Tickmill’s Management: CMO Has Been Promoted to CCO
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Tickmill has made a major shake-up of its senior management by promoting Nicolas Baumer to Chief Commercial Officer from his previous position as Chief Marketing Officer. The brokerage is now looking for a new marketing director to take over Baumer’s previous responsibilities. Experienced brokerage executive According to Baumer’s LinkedIn profile,…
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Bears firm up bets on Asian currencies as US rate cuts remain elusive : Reuters poll By Reuters
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Written by Sameer Manekar (Reuters) – Analysts strengthened their bearish positions on most Asian currencies as higher long-term US interest rates and the dollar’s resilience are likely to continue to hurt local units, a Reuters poll showed on Thursday. A bi-monthly poll of 10 analysts showed that the Indonesian rupiah…