Category: Markets
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Housing inflation remains the big question but answers are tough
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There are those who say housing inflation in the United States is a problem that will never go away. Below is a recent chart from Apollo, highlighting the rise in US home prices as well as rent. Does anyone else see a problem here? Granted, the rental numbers and equivalent…
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Saudi Arabia planning Aramco share sale as soon as June
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Investing.com – Saudi Arabia is looking to sell billions of dollars worth of shares in state-backed energy giant Aramco (Tadawul:) as soon as June, Reuters reported, citing two people familiar with the matter. The news agency said on Sunday that according to one source, the offering could raise about $10…
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Spotware Introduces Shared Access in Latest cTrader Desktop App Update
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Spotware Systems, a provider of trading solutions for the Forex/CFD market, has released version 5.0.22 of its cTrader desktop application. This latest update introduces a new feature and addresses several issues to improve the user experience and overall performance. The most notable addition in cTrader Desktop 5.0.22 is the introduction…
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Dollar holds steady as markets eye U.S. inflation test later in the week By Investing.com
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Investing.com – European and Asian currencies were mostly lower on Monday, while the dollar settled in weak trading, as markets await more signals on US interest rates from key inflation data later in the week. Market holidays in the US and UK kept trading volumes limited. Most regional currencies suffered…
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Chart Art: AUD/USD to Extend Its Uptrend?
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AUD/USD finds support in a key area of interest! Will this extend the pair’s month-long uptrend? We take a closer look at the 4-hour time frame for clues! AUD/USD 4-hour Forex chart Chart by TradingView The second half of May has not been a good month for the AUD/USD pair…
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Stellantis to announce Italy-produced hybrid version of 500 EV, sources say By Reuters
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MILAN (Reuters) – Fiat owner Stellantis (NYSE:) is expected to announce on Monday a hybrid version of its 500e small electric car that will be produced at its Mirafiori plant in Italy, two sources familiar with the matter said, confirming a report from Automotive. europe news. The announcement is expected…
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B2C2 Strengthens Asia-Pacific Presence with New Singapore Office
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B2C2, a cryptocurrency market maker owned by Japan’s SBI Holdings, has opened a new office in Singapore and will apply for a Master Payment Institution (MPI) license in the city-state. The move, announced today (Monday), comes as the company prepares to strengthen its presence in the Asia-Pacific region, describing it…
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Dollar firm ahead of global inflation data By Reuters
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Written by Tom Westbrook SINGAPORE (Reuters) – The dollar got off to a steady start to the week on Monday, with investors focusing on inflation data in the United States, Europe and Japan to guide global interest rate expectations. Searches for “carry” have dominated foreign exchange trading in recent months,…
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Stocks Rise, Dollar Dips on Hopes for Fed Easing: Markets Wrap
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(Bloomberg) — Asian stocks rose while the dollar fell on expectations of a rate cut from the Federal Reserve this year, and U.S. inflation data due this week are likely to indicate an easing of price pressure. Most read from Bloomberg Stock markets in Hong Kong, China, Australia, South Korea…
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Chart Art: Is Gold (XAU/USD) Due for a Reversal Soon?
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Has the precious metal reached the turning point at the end of its uptrend? I see signs of the rally being exhausted, but we are yet to see further confirmation from technical indicators. Check out this reversal formation I see on the 4-hour gold time frame! Gold (XAU/USD) 4-Hour Frame…
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Australia’s Lendlease exits offshore markets to focus on local growth By Reuters
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Written by Rishav Chatterjee and Ayushmann Ojha (Reuters) – Australian developer Lendlease will divest from its overseas construction business and release up to A$4.5 billion (US$2.9 billion) of capital to shareholders, putting an end to its international ambitions to shift focus on domestic operations. Lendlease said in a statement on…
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PayRetailers Acquires Payment Company Transfeera
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PayRetailers, one of the leading fintech companies in the payments space in Latin America, announced the acquisition of Transfeera, a regulated payment institution in Brazil. The deal, which is still subject to approval by the Administrative Council for Economic Defense (CADE) and the Central Bank of Brazil, is part of…
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US stock futures inch lower, PCE inflation test looms this week By Investing.com
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Investing.com — U.S. stock index futures fell slightly in overnight trading on Sunday after concerns over higher interest rates led to volatile trading on Wall Street, with focus this week shifting to headline personal consumption expenditures inflation data for further signs of a… interest rates. Trading volumes were weak ahead…
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Prop Trading Firm The Funded Trader Promises Comeback and New Partnerships
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Two months after announcing a “pause” of all operations and facing mass complaints over payment refusals, The Funded Trader (TFT) has revealed that it has reached a “significant milestone” in its prop trading activities. Dedicated Forex cloud solutions with stable and fast cross-border connections capable of meeting high demand scenarios.…
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Companies look to lengthen currency hedges as elections loom, survey shows By Reuters
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(This May 21 story has been corrected to change the company description to “Multi-Dealer Forex Trading Platform” from “Currency Management Company,” in paragraph 2) NEW YORK (Reuters) – Companies are increasingly looking to lock in foreign exchange rates for longer, as they seek to shield profits from potential fallout from…
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Premium Forex Watch Recaps: May 20 – 23, 2024
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Central bank events and global PMIs were the main drivers this week, prompting our traders to cover a wide range of currencies, with a heavy focus on the US dollar. Out of six discussions, Three scenario/price forecasts saw both financial and technical arguments raised To become a potential candidate for…
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Fed Gov. Waller: US financing pressures may contribute to rise in longer run neutral rate
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Fed Governor Waller speaks and says: US financing pressures may contribute to a rise in the long-term neutral rate in the coming years. Only time will tell how much the US fiscal situation will influence the neutral rate. If the supply of US Treasuries begins to exceed demand, this will…
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This indicator suggests the S&P 500 could hit 5800 by end of 2024 By Investing.com
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The index has risen more than 11% year to date with major Wall Street brokerages raising their price targets in recent days. Historical data shows that when the S&P 500 sees an increase of 10% or more during the first 100 days of the year, it tends to continue rising.…
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SurgeTrader Shuts Down a Week after Losing Match-Trader License
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Just seven days after Florida-based SurgeTrader announced that Match-Trade Technologies had terminated its license, the trading company decided to cease operations. SurgeTrader appears to have been cut off from alternative platforms that could have allowed it to continue serving retail traders. Dedicated Forex cloud solutions with stable and fast cross-border…
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Japan issues fresh warning on yen drops, signals readiness to intervene By Reuters
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Written by Laika Kihara STRESA, Italy (Reuters) – Japan is ready to take appropriate market action “at any time” to counter excessive movements in the yen, Japan’s top currency diplomat Masato Kanda said on Friday, issuing a new warning about the chance of a renewed exchange rate. Interference rate. Kanda…