Category: Markets
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Dollar back to square one after payrolls
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Investing.com – The US dollar received a boost from a stronger-than-expected US Non-Farm Payrolls report on Friday, but UBS sees this as merely getting the greenback back to square one. “Last Friday’s non-farm payroll surprise shifted US bond yields significantly higher, which translates into a rebound in the fair value…
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Forexlive European FX news wrap: Choppy price action persists
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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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GM seeks to ease investor concerns as EV growth slows By Reuters
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Written by Nora Eckert DETROIT (Reuters) – General Motors (NYSE:) will seek to allay shareholder concerns on Tuesday that declining demand for electric vehicles and an expected peak in demand for gasoline-powered trucks will create a tough road ahead for the automaker. CEO Mary Barra and her executive team will…
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Dollar eases from 7-week highs as traders weigh Fed rate path By Reuters
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Written by Ankur Banerjee and Medha Singh SINGAPORE/LONDON (Reuters) – The dollar fell from a nearly seven-week high against major currencies on Tuesday after investors weighed expectations of a U.S. interest rate cut, even as geopolitical tensions in the Middle East continued to support the currency’s safe-haven appeal. The euro…
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Chart Art: Will USD/CAD’s Range Resistance Hold?
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Dollar traders gather! The USD/CAD pair’s upside is capping around a key technical resistance area. Will the pair maintain its range pattern? Or will we witness a breakthrough? USD/CAD Forex 4 Hours Chart by TradingView In case you missed it, the US dollar rose a few points against its counterparts…
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Enhancing Kenya’s carbon markets penetration
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Kenya is no stranger to carbon trading. In fact, the Berkeley Carbon Trading Project Voluntary Registry database ranked Kenya as the second largest source of voluntary carbon market credits in Africa in 2022, after the Democratic Republic of the Congo. In the world of carbon markets, you will undoubtedly encounter…
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Nasdaq 100 Forecast: Watch bear flag breakdown opportunity today
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Nasdaq Forecast: Key Levels to Watch as Bearish Flag Patterns the Nasdaq 100 (NDX) It is currently showing signs of a possible collapse from it Rising channelIt is a pattern usually associated with downward price movement. As traders and investors closely monitor this development, understanding the technical setup and market…
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Nasdaq 100 Forecast: Watch bear flag breakdown opportunity today
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Nasdaq Forecast: Key Levels to Watch as Bearish Flag Patterns the Nasdaq 100 (NDX) It is currently showing signs of a possible collapse from it Rising channelIt is a pattern usually associated with downward price movement. As traders and investors closely monitor this development, understanding the technical setup and market…
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Taiwan stocks higher at close of trade; Taiwan Weighted up 1.79% By Investing.com
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Investing.com – Shares in Taiwan rose after the close on Tuesday, as gains in Taiwan stocks led shares higher. At the end of trading in Taiwan, the stock rose 1.79%. Among today’s leading stocks was Arima Communications (TW:), which rose 350.24%, or 7.39 points, to trade at 9.50 at the…
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Daily Broad Market Recap – October 7, 2024
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No big data? No problem! Markets started the week higher after Friday’s non-farm payrolls (NFP) report, but it wasn’t long before concerns about tensions in the Middle East, diminishing chances of a Fed rate cut, and upcoming US CPI and PPI data weighed on risk assets. . Here’s how individual…
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Federal Reserve speakers on Tuesday include Kugler, Bostic, Collins, Jefferson
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Times listed are in US EST/GMT format: 0700/0300 Fed Governor Adriana Kugler talks ‘global inflation’ ahead of ECB’s 2024 hybrid monetary policy conference 1245/1645 Atlanta Fed President Rafael Bostic delivers remarks and participates in a moderated conversation on the economic outlook prior to the Consular Corps luncheon in Atlanta. 2000/1600…
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China markets reopen with a roar after week-long break
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SHANGHAI (Reuters) – Chinese stocks rose to their highest levels in two years on Tuesday, continuing their strong rise as trade resumed after a week-long holiday and investors bet on stimulus to support the economy. The leading CSI300 index rose 10% in early trading to reach its highest levels since…
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China markets reopen with a roar after week-long break By Reuters
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SHANGHAI (Reuters) – Chinese stocks rose to their highest levels in two years on Tuesday, continuing their strong rise as trade resumed after a week-long holiday and investors bet on stimulus to support the economy. The blue-chip CSI300 index rose 10% in early trading to its highest levels since mid-2022…
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Japan economy minister Akazawa says drop in real wages is not good news
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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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Japan economy minister Akazawa says drop in real wages is not good news
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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 stock futures muted as rate uncertainty builds; inflation awaited By Investing.com
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Investing.com — U.S. stock index futures were lower in overnight trading Monday after a bumper jobs report raised doubts about the Federal Reserve’s plans to cut interest rates sharply. These uncertainties have been heightened by the anticipation of key inflation data due later in the week, with any signs of…
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More from Fed’s Musalem – Jobs report did not cause a change in outlook
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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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FTX cleared to repay billions to customers after bankruptcy plan approval By Reuters
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Written by Dietrich Knuth NEW YORK (Reuters) – FTX received court approval for its bankruptcy plan on Monday, which will allow it to repay customers in full using up to $16.5 billion in assets recovered since the collapse of the once-leading cryptocurrency exchange. U.S. Bankruptcy Judge John Dorsey approved the…
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Japan’s top FX diplomat warns against speculative moves as yen falls By Reuters
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Written by Makiko Yamazaki and Takaya Yamaguchi TOKYO (Reuters) – Japan’s top currency diplomat on Monday issued a warning against speculative moves in the foreign exchange market as the yen fell below 149 yen to the dollar. “We will monitor currency market movements, including speculative trading, with a sense of…