Category: Markets
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FX Watch: GBP/USD to Extend Its Uptrend After the U.K. CPI Release?
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In case you missed the latest weekly FX market summary, Uncle Sam’s slightly weaker economic data has traders holding off on a rate hike or even a rate cut from the Fed. Fortunately for USD bulls, Fed members also came out and hinted at a “higher for longer” interest rate…
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USDJPY Technical Analysis – The uptrend remains intact
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Basic overview Last week we saw the USD/JPY pair fall following the US CPI report as the market shrugged off interest rate hike fears and consolidated the Fed hike for longer. The next day, the Japanese Yen started to lose strength again, as not only does the interest rate differential…
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Exclusive-Tesla doing damage-control, discounts for European fleet buyers By Reuters
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Written by Nick Carey and Mary Manns LONDON (Reuters) – Tesla Inc (NASDAQ:) is appeasing some European leasing companies after the automaker’s repeated cuts in retail prices reduced the value of its fleets and slow service and expensive repairs alienated its corporate customers. The efforts include informal discounts on new…
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Exclusive-Tesla doing damage-control, discounts for European fleet buyers By Reuters
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Written by Nick Carey and Mary Manns LONDON (Reuters) – Tesla Inc (NASDAQ:) is appeasing some European leasing companies after the automaker’s repeated cuts in retail prices reduced the value of its fleets and slow service and expensive repairs alienated its corporate customers. The efforts include informal discounts on new…
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Gildencrest Capital (formerly TeraFX) Doubles 2023 CFDs Trading Volume
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Vmas: 24 | catch a glance Vmas: 24 | catch a glance Vmas: 24 | catch a glance Vmas: 24 | catch a glance Vmas: 24 | catch a glance Vmas: 24 | catch a glance Here’s a sneak peek at FMAS:24’s vibrant atmosphere! Join us at Africa’s premier financial…
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Asia FX muted, dollar steady ahead of more Fed cues; yen stays fragile By Investing.com
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Investing.com — Most Asian currencies fell slightly on Monday, while the dollar held steady as traders awaited more signals on interest rates from the Federal Reserve this week. The Japanese yen remained fragile after reversing a large portion of its gains made as a result of potential currency market intervention…
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ForexLive Asia-Pacific FX news wrap: Gold hit a record high, silver and copper surged also
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Speakers at the Fed on Monday included Bostic, Barr, Waller and Jefferson Iranian official media confirmed that there were no survivors from the helicopter crash The Saudi Crown Prince postpones his visit to Japan ICYMI – China’s benchmark lending rates remained steady: 1-year loan coverage ratio at 3.45% and 5-year…
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Elliott builds $1 billion-plus stake in Johnson Controls, Bloomberg reports By Reuters
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(Reuters) – Activist investor Elliott Investment Management has built a position worth more than $1 billion Johnson Controls (NYSE:) International Plc, Bloomberg News reported on Sunday. The Bloomberg report also said that Elliott’s intentions behind the stake in the building solutions provider could not be immediately known. Elliott & Johnson…
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A Financial Tug-of-War Between Responsibility and Reward
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The world of credit cards can seem like a carefully crafted game. You swipe the plastic, the debt fairy temporarily gives you purchasing power, and then, the clock starts ticking. Bills arrive, due dates approach, and on-time payment unlocks coveted rewards—cash back, travel miles, and discounts that dangle like virtual…
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Asian Stocks Rise After US Gains, China Support: Markets Wrap
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(Bloomberg) — Asian stocks were mostly higher in early trading after U.S. stocks hit a new record high amid resilient corporate earnings and as China took steps to shore up its real estate market. Most read from Bloomberg Stocks rose in Australia and Japan, and Hong Kong futures pointed to…
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Asian Stocks Rise After US Gains, China Support: Markets Wrap
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(Bloomberg) — Asian stocks were mostly higher in early trading after U.S. stocks hit a new record high amid resilient corporate earnings and as China took steps to shore up its real estate market. Most read from Bloomberg Stocks rose in Australia and Japan, and Hong Kong futures pointed to…
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Japan and ASEAN plan joint strategy on auto production, Nikkei reports By Reuters
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(Reuters) – Japan and the Association of Southeast Asian Nations (ASEAN) plan to develop their first joint strategy on automobile production and sales within the Southeast Asian bloc to counter China’s growing presence in the electric vehicle market, a newspaper reported on Monday. The goal is to develop an interim…
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Watch Out Boomers, the Gen T Retail Traders Are Coming
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In a recent study conducted by Charles Schwab in the UK, a striking generation gap emerged among UK retail investors, revealing that Gen Z and millennial investors are adopting more active and open investment strategies than their older counterparts. Dedicated Forex cloud solutions with stable and fast cross-border connections capable…
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Economic calendar in Asia Monday, 20 May 2024 – People’s Bank of China rate setting day
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Last Wednesday, the People’s Bank of China kept the interest rate on its medium-term lending facility unchanged at 2.5%. The MLF’s no-change rate strongly suggests that the one-year and five-year loan coverage rates will remain at the same rates as well: 3.45% and 3.95%, respectively The MLF rate setting is…
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Sky Harbour Reports Positive Outlook in Q1 Earnings By Investing.com
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Sky Harbour (ticker not provided), a company specializing in airport infrastructure, reported a strong start to 2024 in its first-quarter earnings call. The company announced increased revenues, with expectations for further growth in the second quarter as their three campuses are fully leased. The CEO, Tal Keinan, detailed plans for…
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Dollar set for weekly drop on US slowdown signs By Reuters
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Written by Tom Westbrook SINGAPORE (Reuters) – The dollar headed for its biggest weekly decline against the euro in two-and-a-half months on Friday as signs of slowing inflation and a slowing U.S. economy raised the prospect of an interest rate cut. The euro rose 0.9% against the dollar this week,…
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Premium Forex Watch Recaps: May 13 – 17, 2024
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Global inflation updates and Fed talk were the main drivers this week, with a few high-level country-specific economic events creating opportunities as well, including Australian jobs data and the US CPI. Out of six discussions, Only two scenario/price forecasts saw both financial and technical arguments raised To become a potential…
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6% of global nickel output at risk as turmoil hits New Caledonia
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There is definitely some drama in the base metals market right now. Copper has reached record levels due to supply shortages, and now nickel prices are rising, partly due to violent protests in New Caledonia. France’s Pacific region has seen a wave of riots after a proposed amendment to the…
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Here’s How to Unlock the Secrets of the Investment Titans By Investing.com
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In the ever-evolving landscape of stock market investing, gaining insights from the strategies of legendary investors has long been a desirable aspiration. Now, with InvestingPro+’s groundbreaking feature, Insights, investors can view the portfolios of some of the world’s most famous names, including Warren Buffet, Ray Dalio, and more. What sets…
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XTX Holdings (UK) Limited Posts Double-Digit Profit Decline in 2023
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XTX Markets’ global UK subsidiaries have published their 2023 financial results, revealing their profits fell by double digits. Despite this, the company’s management views the results positively, noting that 2022 was an exceptionally strong financial year. Net revenues and profits at XTX Markets UK fell sharply According to the report…