Category: Markets
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UBS sees potential for Swedish krona volatility amid rate cuts By Investing.com
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UBS provided an analysis of the Swedish krona’s performance, suggesting a weakening position against the euro since May, with the pair returning to levels seen the previous year, despite the Riksbank’s efforts to support the currency last September. The bank expects the EUR/SEK pair to rise in the near term…
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JPMorgan recommends defensive, commodity stocks ahead of rate cuts By Investing.com
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Strategists at JP Morgan believe investors should consider a shift toward defensive stocks and commodity stocks in anticipation of upcoming interest rate cuts by central banks. Historically, defenses have suffered when bond yields have been rising, but that phase may be ending, the Wall Street giant notes. Now, during the…
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Navigating Today’s Landscape of Online Borrowing Solutions
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In today’s digital age, accessing money has never been easier or more convenient, thanks to the rise of online borrowing solutions. These platforms have revolutionized the way individuals and businesses manage financial shortages or immediate cash needs. This article will explore the nature of these solutions, their benefits, and the…
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Dollar loses some ground ahead of key global inflation readings By Reuters
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By Ray Wee SINGAPORE (Reuters) – The dollar fell on Tuesday on a slight rise in risk appetite, but remained in narrow ranges against peers ahead of key inflation data from major economies this week that may guide global interest rate expectations. The euro rose 0.16 percent to $1.0877 despite…
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FLOKI, WIF, BONK top gainers as meme coins take over markets
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The meme sector is once again gaining momentum in the cryptocurrency markets due to its remarkable performance and growth. The biggest gainer of the day, up 21%, is Floki (FLOKI), which currently stands at $0.0002813. The rise in FLOKI prices came after the breakout of the horizontal level at the…
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FX Watch: How High Can AUD/JPY Fly Ahead of Australia’s CPI?
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AUD/JPY is hitting a major technical resistance area ahead of the monthly CPI release in Australia! In case you missed the latest overall market summary, you should know that traders are riding a risk-friendly wave as traders price in potential interest rate cuts by major central banks like the Federal…
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Stocks Rise, Dollar Slips Ahead of Inflation Data: Markets Wrap
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(Bloomberg) — Asian stocks rose Tuesday as the dollar fell ahead of a string of inflation that is expected to impact the direction of global monetary policy. Most read from Bloomberg The MSCI AC Asia-Pacific Index rose, with stocks in Hong Kong leading gains in Asia. Markets in Japan and…
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Aurobindo Pharma Outperforms Expectations with Strong Q4, Eyes Robust Growth Ahead By Investing.com
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Aurobindo Pharma (NS:) outperformed expectations in 4QFY24, with both sales and EBITDA showing significant year-on-year growth. Sales rose 17%, while EBITDA rose an impressive 68%, beating Goldman Sachs (NYSE:) expectations and those of the broader market. This strong performance was driven by strong growth in key geographic markets, both developed…
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Canada Shifts to T+1 Settlement Cycle, US to Follow Tomorrow
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Canada has moved to a T+1 settlement cycle for equity and long-term debt market trades. The shift, which is in line with similar regulatory changes in the US, promises to simplify the settlement process and reduce the risks associated with delayed trades. Improving market liquidity The Canadian Securities Administrators (CSA)…
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Daily Broad Market Recap – May 27, 2024
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No key data points? No problem! Forex pairs and major asset classes are still posting very good moves, even though UK and US traders are on holiday. Read on to find out how the markets are performing. Titles: Bank of Japan Governor Ueda: The central bank will proceed cautiously with…
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US stock futures inch higher in slim trade as PCE data approaches By Investing.com
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Investing.com — U.S. stock index futures rose slightly in overnight trading Monday, with the focus largely on more signals on interest rates from key inflation data due later in the week. Memorial Day weekend kept trading volumes minimal. But trading volumes are expected to rise this week with a barrage…
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DNA Payments and SUNMI Join Forces to Enhance UK Card Payments
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UK-based Fintech DNA Payments and SUNMI, an IoT company, announced the launch of their partnership at this year’s Retail Technology Expo in London. The collaboration aims to strengthen their presence and solution offerings in the card payments space in the UK. Both companies have established a strong foothold in sectors…
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Japan, at G7 meet, renews push to keep yen bears in check By Reuters
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Written by Laika Kihara STRESA, Italy (Reuters) – Japan renewed its push to counter excessive decline in the yen at a weekend meeting of Group of Seven (G7) financial leaders, after a recent rise in bond yields to a 12-year high failed to slow the currency’s stubborn decline. . The…
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Week Ahead in FX (May 27 – 31): Global GDP and Inflation Updates Plus China’s PMIs
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The PMIs are out and now it’s time for the leading lagging indicators to take center stage! Inflation updates may move interest rate expectations for major central banks, while global GDP releases may influence the strength of individual currencies in the next few days. Before all that, ICYMI, I wrote…
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Macron and Scholz make a joint call for more integration, less bureaucracy
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Schultz Macron French President Macron made a rare state visit to Germany today and the two leaders launched a Joint editorial A renewed call for integration into the European Union. And this is her heart: Germany and France are convinced that the EU needs more innovation, more single market, more…
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AMF Combats Financial Scams as 15% of French Population Claim Victims
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French financial regulator AMF has released its annual report for 2023, highlighting its efforts to combat financial fraud in the region. According to the regulator, 15% of the French population, including 35% of people under the age of 35, were victims of such fraud during this period. Dedicated Forex cloud…
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Argentina’s 300% inflation and propped-up peso spawn Paraguay border ghost town By Reuters
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Written by Daniela DeSantis and Lucinda Elliott NANAUA, Paraguay (Reuters) – Shoppers in Paraguay used to flock in droves to the border town of Nanawa to buy cheap imports from Argentina, where years of weakness in the peso currency have depressed the relative prices of fuel, medicine and groceries smuggled…
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3 Ways to Identify Your Forex Trading Strengths
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Most trading psychology articles focus on reducing weaknesses rather than identifying and improving strengths. This is probably because there is a common idea that when you address your weaknesses you automatically improve your trading performance, but this is not always the case. This time, let’s focus on a different approach…