Category: Markets
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The Toolkit to Empower Your Trading
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we are in Eight, a financial broker with globally recognized licenses, has recently introduced some important improvements to our trading solution, OctaTrader. A comprehensive financial ecosystem designed for traders of different skill levels, OctaTrader consists of four core elements: payments and transactions, the trading platform, an analytical center called Space,…
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Cineworld plots sale of some UK cinema operations, Sky News reports By Reuters
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(Reuters) – Cineworld is in talks about a potential sale as part of a strategic review that could lead to a comprehensive restructuring of its business, Sky News reported on Saturday, citing unidentified sources. The operator and owner of brands such as Regal, Cinema City, Picturehouse and Planet has appointed…
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ATFX Executive Interview – Africa, Regional Expansion in Focus
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Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24…
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EURUSD tests 100 day MA target. Below the 38.2% retracementof the May range
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EURUSD reaches the 100-day moving average US non-farm payrolls came in stronger than expected. This led to the US dollar and EUR/USD rising to new lows during the week. The down move has now reached – and is now through – 38.2% of the up move from the May 1…
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Citi Research Delivers Insight on Post-Election Market Sentiment By Investing.com
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The recent election results in India, contrary to poll expectations, have sparked market dynamics, leading to increased volatility and a potential shift in risk perception. Below is a breakdown of Citi Research’s analysis and initial reflections on the implications: 1. Rating Volatility: Variability between polls and actual results may lead…
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OANDA’s Europe CFO Steps Down after 10 Years
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After a decade at Oanda TMS Brokers, Jakub Zagorski has announced his return to the automotive sector. In a post shared on LinkedIn, Zagorski expressed his excitement at joining Flex to Go Group, a car rental company. Shifting from finance to the automobile industry “I also thank all the colleagues…
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Citi Research on India’s Rates and FX By Investing.com
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India’s unexpected election results have created a degree of political uncertainty, which may impact market sentiment in the short term. However, Citi Research stresses that this development is not significant enough to warrant immediate changes in its macroeconomic forecasts for growth and inflation. The Reserve Bank of India’s (RBI) Monetary…
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Financial markets indifferent as Galilee burns
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Anyone who sees images of northern Israel on fire will find it difficult to get them out of his mind. Acres of farms, ranches, chicken runs, beehives, pastures and vineyards were burned to the ground. People saw their life’s work destroyed. Small businesses in the north have been collapsing for…
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Atlanta Fed GDPNow growth estimate for Q2 rises to 3.1% versus 2.8% yesterday
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The Atlanta Fed’s GDP growth estimate for the second quarter rose to 3.1% from 2.8% yesterday. In their own words: The GDP model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2024 is 3.1 percent on June 7, up from 2.6 percent on June…
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What will the Fed do after hotter-than-expected jobs report? By Investing.com
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The US job market is still hot. The non-farm payrolls report, released on Friday, showed 272,000 jobs added in May, crushing analysts’ estimates. This divergence from consensus is likely to have a significant impact on the Fed. This rise indicates continued momentum in the labor market. As a result, the…
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Why Traders are Considering MT4 & MT5 Alternatives
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Over the last few years, dozens of innovative Forex trading platforms have arisen in the investment market, presenting some serious competition for Metatrader platforms, which were previously industry standards. A rising market looking for such alternatives has been Indian and Pakistani traders; while they’re very familiar with the strengths of…
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Why is the fiscal impulse fading despite ‘unsustainable’ deficits? BofA discusses By Investing.com
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In a note issued earlier in the week, economists at Bank of America explored why fiscal impetus has faded despite persistently large deficits. The bank’s latest US weekly economic review noted that the slowdown in private and public investment in the first quarter of 2024 indicates that the significant fiscal…
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Kraken Seeks over $100M Funding Ahead of Potential IPO: Report
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Cryptocurrency exchange Kraken is seeking more than $100 million ahead of a potential initial public offering (IPO), Bloomberg reported. The cryptocurrency exchange, founded in San Francisco in 2011, has long discussed going public. The move is said to be fueled by increased investor interest and a notable relaxation of regulations…
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AUDUSD is one of the weakest of the major currencies as USD moves higher/commodities lower
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The Australian dollar is one of the weak points among the major currencies (along with the New Zealand dollar). Commodities fell sharply on the back of a stronger dollar/higher interest rates/more stubborn Fed. Technically, the price moved lower to test a range of supports including the 38.2% retracement level at…
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US lawmakers call to add China’s CATL, Gotion to import ban list, WSJ reports By Reuters
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(Reuters) – A group of Republican lawmakers said Chinese battery companies CATL and Gotion High Tech should immediately be added to a U.S. import ban list, alleging their supply chains use forced labor, the Wall Street Journal reported. Lawmakers called for CATL and Gotion, which have ties to Ford (NYSE:)…
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Revolut Joins Hands with BRCC: Bridging Trade between UK and Romania
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Revolut, the British fintech company, has joined the British Romanian Chamber of Commerce (BRCC). This organization works to promote trade and investment between the United Kingdom and Romania. Revolut has more than 40 million retail customers worldwide, including more than 3.5 million in Romania. Revolut joins BRCC Revolut’s services are…
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Major indices close lower on the day/higher for the week
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Major US stock indices close lower during the day, but higher during the week. This week, the S&P and NASDAQ traded to all-time highs. Today the S&P reached 5375.08. This is a new all-time record high. The gains could not be sustained and the price moved into negative territory on…