Category: Markets
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Dollar stabilizes ahead of key employment data; euro slips back By Investing.com
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Investing.com – The US dollar rose in early European trade on Tuesday, rebounding after sharp losses overnight, while the euro fell after weak German employment data. At 04:45 EDT (08:45 GMT), the dollar index, which tracks the US currency against a basket of six other currencies, rose 0.1% to 104.165,…
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FX Watch: AUD/CAD’s Potential Entry Points for BOC’s Decision
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The AUD/CAD pair looks set to retest a major inflection point ahead of the Bank of Canada policy decision! In case you missed it, the Canadian dollar was one of the biggest losers yesterday after OPEC+’s decision to extend the production cut agreement until 2025 failed to ease concerns about…
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The one word that markets are concerned with right now
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The rules of the game this year were supposed to be simple. The process of disinflation was supposed to continue, which would lead major central banks to cut interest rates several times. The US economy in particular should have held up well and given the Fed some breathing room to…
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Goldman Sachs updates US Conviction List for June By Investing.com
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Goldman Sachs on Monday updated its popular “US Convictions – Manager Cut List”, adding five stocks to its selection of buy-rated stocks from its US coverage. The five names added in the June update include Edwards Lifesciences Corp (NYSE:), Enphase Energy (NASDAQ:), Enphase Energy (NASDAQ:), Sempra Energy (NYSE:), Teradine (NASDAQ:),…
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ASIC Fails to Impose Any Penalty on Block Earner for Unlicensed Offerings
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A federal court in Australia has favored Block Earner, a cryptocurrency company, by relieving it of the responsibility to pay a fine for offering interest-bearing cryptocurrency products without a proper license. Organizational disappointment? The ruling today (Tuesday) follows action by the Australian Securities and Investments Commission (ASIC) against Web3 Ventures…
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Asia FX rangebound, dollar at 2-mth low amid rate cut watch By Investing.com
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Investing.com — Most Asian currencies remained range-bound on Tuesday, while the dollar hovered near two-month lows, as weak economic readings fueled expectations of an eventual interest rate cut by the Federal Reserve. But traders remain wary of risk-driven Asian markets, with key US employment data, due this week, set to…
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Daily Broad Market Recap – June 3, 2024
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Fed rate bets kept volatility interesting for major financial assets on Monday. Spot gold is gaining ground on general US dollar weakness and ahead of this week’s US employment data, while the Canadian dollar is attracting bearish demand ahead of the Bank of Canada’s decision. Titles: Australia’s MI inflation index…
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Asian stocks muted before more rate cues; Indian elections in focus By Investing.com
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Investing.com — Most Asian stocks fell on Tuesday, easing recent gains as investors awaited more signals on interest rates this week, while Indian stocks hovered around record levels on bets that the Bharatiya Janata Party would win a third consecutive election term. General year 2024. Regional stocks received moderate signals…
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Visa Direct Integration Bolsters Nuvei’s Payment Offerings in Colombia
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Nuvei Corporation, a Canadian fintech company, has revealed its collaboration with Visa, a well-known figure in the digital payments space, to introduce Visa Direct in Colombia. Nuvei has become the first global payments provider to offer Visa Direct to its customers in the country. Transfer funds to the financial account…
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Central banks turn cautious on China’s yuan, keen on dollars and gold By Reuters
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Written by Alun John LONDON (Reuters) – More global reserve managers intend to increase exposure to the currently high-yielding U.S. dollar as their interest in it deteriorates due to lower yields and geopolitical tensions, the official forum of monetary and financial institutions said. Data from a survey conducted by the…
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Central banks turn cautious on China’s yuan, keen on dollars and gold By Reuters
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Written by Alun John LONDON (Reuters) – More global reserve managers intend to increase exposure to the currently high-yielding U.S. dollar as their interest in it deteriorates due to lower yields and geopolitical tensions, the official forum of monetary and financial institutions said. Data from a survey conducted by the…
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RBC on oil and OPEC+, ‘data dependent’
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Regarding the OPC+ meeting and announcement, previous information: Goldman Sachs says the outcome of the OPEC+ meeting is bearish for oil More from OPEC+: Saudi Energy Minister says waiting for interest rates to fall HSBC kept its Brent crude price assumptions steady after the OPEC+ meeting In brief, OPEC’s announcement…
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MiCA Regulations Force Binance to Overhaul Stablecoin Services
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As of June 30, 2024, the European Economic Area (EEA) will impose new regulations within the Markets for Crypto Assets (MiCA) framework, specifically targeting stablecoins. Binance, one of the world’s largest cryptocurrency exchanges, plans to roll out sweeping changes to ensure compliance, affecting everything from trading to rewards. Only regulated…
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American Airlines would consider new JetBlue venture if it wins appeal By Reuters
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Written by David Shepardson WASHINGTON (Reuters) – American Airlines (NASDAQ:) told an appeals court on Monday that it would consider a new arrangement with JetBlue Airways (NASDAQ:) if it wins a ruling overturning a May 2023 decision requiring it to end the alliance. US District Judge Leo Sorokin ruled in…
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Interactive Brokers Reports 27% Increase in Daily Average Revenue Trades for May
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Interactive Brokers reported mixed results for its brokerage business in May. Trading volumes remained stable compared to April, but client assets witnessed a significant increase. Daily average revenues for trades (DARTs), a key measure of brokerage activity, remained flat at 2.36 million compared to April but were up 27% year…
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ECB rate cut should be positive for European equities By Investing.com
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Goldman Sachs analysts expect the European Central Bank to cut interest rates next week, a move expected to be positive for European stocks. The bank cites historical data and says European stocks typically perform well after interest rate cuts as financial conditions ease and investors become more optimistic about growth.…
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FXCubic Organizing Mini-Football Team Tournament in Limassol
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With the upcoming UEFA European Football Championship kicking off this week, everyone has caught football fever. This includes the most popular brands, brokers and technology providers in the industry in Cyprus, where fintech company FXCubic is organizing a mini football tournament. The tournament will be held in Wembley mini footballEpsonas,…
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Mexico peso drops more than 3% on jitters over Morena supermajority By Reuters
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Written by Karen Strohecker LONDON (Reuters) – The Mexican peso fell more than three percent against the dollar on Monday after the ruling party had a surprisingly strong performance in the elections and appeared on track to win a landslide that markets fear could lead to constitutional change and the…
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4 Tips to Make Self-Coaching in Trading Work for You
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One of the best ways to overcome the long learning curve and shorten the path to proficiency—and ultimately skill mastery—is to have a mentor or coach to guide the way. But unless you are among the few who have worked their way into a hedge fund, private trading firm, or…