Category: Markets
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Forexlive Americas FX news wrap: Oil continues to rally as Middle East response awaited
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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 judge orders Google to open up app store to competition By Reuters
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By Mike Scarcella (Reuters) – A U.S. judge on Monday ordered Alphabet Inc’s (NASDAQ:) subsidiary Google to overhaul its mobile app business to give Android users more options to download apps and pay for transactions within them, following a jury ruling last year in the game “Fortnite.” “Maker of epic…
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Is US election risk already overpriced, BOA asks By Investing.com
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Investing.com – US election risk premiums are getting expensive in foreign exchange markets, according to Bank of America Securities, but they may actually be exaggerated. Historically, most FX trading volumes do not generate enough to offset the implied volatility premium around the US election, analysts at the US bank said…
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The close technical levels that I am watching in the short term for the S&P index
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The S&P is trading near its lows for the day at -27.7 points or -0.47% at 5,723.90. The low price reached 5722.27. Looking at the hourly chart, the price is currently testing the 50-hour moving average at 5722.42 (the black moving average line in the chart above). A move below…
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The close technical levels that I am watching in the short term for the S&P index
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The S&P is trading near its lows for the day at -27.7 points or -0.47% at 5,723.90. The low price reached 5722.27. Looking at the hourly chart, the price is currently testing the 50-hour moving average at 5722.42 (the black moving average line in the chart above). A move below…
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Britain’s FTSE 100 rises as oil price jump boosts energy shares By Reuters
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Written by Shubham Batra and Khushi Singh (Reuters) – The British index rose on Monday, supported by gains in energy stocks and a weak labor market report, although losses at precious metals miners capped gains. The FTSE 100 blue-chip index rose 0.3%, while the mid-cap index fell 0.2%. Oil and…
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Britain’s FTSE 100 rises as oil price jump boosts energy shares By Reuters
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Written by Shubham Batra and Khushi Singh (Reuters) – The British index rose on Monday, supported by gains in energy stocks and a weak labor market report, although losses at precious metals miners capped gains. The FTSE 100 blue-chip index rose 0.3%, while the mid-cap index fell 0.2%. Oil and…
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Dollar close to 7-week high after strongest week since 2022 By Reuters
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Written by Stefano Ribaudo (Reuters) – The US dollar fell slightly from its highest level in seven weeks on Monday after a rally sparked by strong US jobs data released on Friday and escalating conflict in the Middle East. The dollar’s gains came on the heels of a US jobs…
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4 Simple Ways To Set Yourself Up For Trading Success
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It is said that only 1% – 5% will consistently make money in Forex trading. You’ll need all the tricks in every book if you want to be among the elite few. Of course, it starts with not making basic forex trading mistakes. Are you unintentionally sabotaging your opportunities before…
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Looking ahead in the forex with a technical look at EURUSD, USDJPY and GBPUSD for Oct 7
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The week is off and running. What technical levels are there for the three major currency pairs for this trading day/week? In this video, I outline and explain where traders should focus not only today, but also as the week progresses. Euro against the US dollar: EURUSD fell sharply last…
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Strong jobs report to lift cyclical stocks, says Morgan Stanley By Investing.com
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Investing.com – Resilient U.S. labor market data and expectations for a series of quarter-point interest rate cuts from the Federal Reserve warrant a shift into cyclical stocks, according to analysts at Morgan Stanley. In a note to clients on Monday, analysts added that following the jobs numbers, investors have become…
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India asks banks to stop making large bets against rupee, sources say By Reuters
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Written by Jaspreet Kalra and Nimesh Vora MUMBAI (Reuters) – India’s central bank has asked government and private lenders to refrain from betting heavily against the rupee in a bid to support the currency that has been hovering near record lows over the past three trading sessions, four sources said.…
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Navigating Third-Quarter Earnings Reports Amid Economic Uncertainty
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As third-quarter earnings approach, concerns about slower growth loom large. This earnings season will test corporate resilience and investor sentiment amid economic uncertainty. The post Navigating Third-Quarter Earnings Reports Amid Economic Uncertainty first appeared on Investorempires.com.
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US 10-year treasury yields back above 4%
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10-year Treasury yields were back above 4% in early trading Monday. US10Y is back above 4 percent It’s been a bit of a perfect storm for bonds: Inflation expectations rise as oil prices rise Better than expected US data combats recession fears (this should not be a fear but anyway)…
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Earnings season could be a stock picker’s paradise: BofA By Investing.com
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Investing.com – Bank of America said in a recent note that the upcoming earnings season could be a “stock picker’s paradise.” According to strategists at Bank of America, while market returns were largely driven by multiples in 2022-23, earnings are starting to play a more significant role in 2024, accounting…
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China Stocks Reopen Amid Focus on Fiscal Stimulus
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As mainland China stocks prepare to reopen on Tuesday after a week-long holiday, investors are eagerly awaiting fresh policy directions from the National Development and Reform Commission (NDRC). The NDRC, led by Chairman Zheng Shanjie, is expected to announce the implementation of previously unveiled stimulus measures during a press conference.…
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Dollar stable after payrolls gains; euro slips on weak data By Investing.com
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Investing.com – The US dollar steadied on Monday, holding on to gains made after Friday’s strong jobs report to start the week, which included the release of key inflation data as well as minutes from the Federal Reserve’s latest meeting. At 04:00 EST (08:00 GMT), the dollar index, which tracks…
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FX Watch: NZD/JPY And GBP/NZD Could Reflect NZD’s Potential Rally After RBNZ’s Event!
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The Reserve Bank of New Zealand (RBNZ) is widely expected to cut interest rates this week! Our event guide to the RBNZ’s decision suggests there is scope for a 50 basis point rate cut from the central bank in October. But with traders already anticipating a rate cut for several…
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ForexLive Asia-Pacific FX news wrap: USD/JPY above 149, then verbal intervention and drop
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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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Asia stocks surge on US payrolls cheer, China stimulus hopes By Investing.com
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Investing.com — Asian stocks rose on Monday, with Japanese shares leading gains as strong U.S. jobs data quelled concerns about an economic slowdown, while hopes for more stimulus measures in China also boosted sentiment. Regional stocks received positive signals from Friday’s rise on Wall Street, which came on the heels…