Category: Markets
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Chile gives Albemarle option to boost lithium quota by 240,000 metric tons By Reuters
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SANTIAGO (Reuters) – Chile’s economic development agency Corvo said on Wednesday it had reached an agreement with… Albemarle (NYSE:) to establish an option for the US company to increase its production quota by 240,000 metric tons of lithium metal equivalent (LME). This increase would raise Albermarle’s production share by approximately…
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Binance Introduces Spot Copy Trading to Enhance Offerings
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Asia FX gains some ground as dollar inches lower ahead of CPI data By Investing.com
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Investing.com — Most Asian currencies rose slightly on Wednesday, retracing some of their gains against the weaker dollar, as markets awaited more signals on interest rates from key US inflation data due later in the day. Traders also became more confident that the Federal Reserve will not raise interest rates…
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Forexlive Americas FX news wrap 15 May: Green grass ahead as CPI/spending is tame
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US CPI, retail sales and New York manufacturing data combined with the CPI falling 0.3%, retail sales showed no gains during the month and New York manufacturing had a weaker day. All of this gave the green light to risky assets as yields fell, stocks rose and the US dollar…
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Dow, S&P 500, Nasdaq notch record close as cooling inflation boosts rate-cut hopes By Investing.com
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Investing.com – The Dow Jones, S&P 500 and Nasdaq closed at record levels on Wednesday, as consumer inflation fell more than expected after three months of bullish surprises, raising hopes for faster interest rates and sending Treasury yields sharply lower. At 16:00 EDT (20:00 GMT), it was up 349 points,…
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Prop Trading Firm AquaFunded to Launch Match-Trade
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UBS raises EURSEK targets, cites Riksbank cut and inflation By Investing.com
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On Monday, UBS revised its stance on the Swedish Krona (SEK), adopting a moderately bearish outlook following the Riksbank’s recent decision to cut interest rates. The bank has revised its forecast for the exchange rate, and now expects it to reach 11.80 by the end of the second quarter, 11.90…
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Update technical look at the EURUSD as the price stretches to new session highs
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EURUSD extends to a new session high and in the process: It succeeded in breaking away from the 100-day moving average at 1.08235, The 61.8% retracement of the downward move from the March high at 1.08354 moved above it. It extends towards the next swing zone between 1.0875 and 1.0887.…
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BioAtla reports promising data in cancer drug trials By Investing.com
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BioAtla, a biotechnology company, has announced its first-quarter financial results and provided a business update, highlighting positive data from ongoing clinical trials and the potential for strategic partnerships. The company showcased encouraging results from its CAB-ROR2-ADC drug in treating head and neck cancer and is preparing for FDA guidance on…
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Credit Agricole says EUR/JPY is overvalued By Investing.com
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Credit Agricole’s (OTC:) FAST FX model indicated that the currency pair appears overvalued, prompting the bank to recommend a sell trade. The model estimates that the short-term fair value of the EUR/JPY has fallen from a record high of 163.9110 to 162.1633. This shift is due to the rise in…
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Credit Agricole says EUR/JPY is overvalued By Investing.com
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Credit Agricole’s (OTC:) FAST FX model indicated that the currency pair appears overvalued, prompting the bank to recommend a sell trade. The model estimates that the short-term fair value of the EUR/JPY has fallen from a record high of 163.9110 to 162.1633. This shift is due to the rise in…
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Slovakian Prime Minister Robert Fico has been shot – reports
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Slovak Prime Minister Robert Fico Slovak newspaper Denik In reported that Slovak Prime Minister Robert Fico had been shot dead. There is no update yet on his condition, but it is said that he was taken to the hospital by helicopter. The shooting took place in the town of Handlova…
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Analysts don’t see Powell changing his dovish stance even if CPI surprises By Investing.com
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Economists at Wolfe Research provided their insights on the Fed’s outlook following comments made by Fed Chair Jerome Powell. Powell maintained his pessimistic stance yesterday, which is in line with his comments the previous month. He pointed to the ongoing rebalancing in the labor market, described the current interest rate…
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Stock Futures Hold Gains Ahead of US Price Data: Markets Wrap
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(Bloomberg) — U.S. stocks are poised to maintain the previous session’s technology-led gains, as traders bet that Wednesday’s headline U.S. inflation report won’t undermine the case for an interest rate cut by the Federal Reserve. Most read from Bloomberg S&P 500 and Nasdaq 100 futures were little changed, while the…
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Interactive Brokers Brings Crypto Trading to UK Customers
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Dollar drops to one-month low vs euro before key CPI test By Reuters
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Written by Kevin Buckland TOKYO (Reuters) – The dollar fell to a one-month low against the euro on Wednesday amid falling Treasury yields as traders braced for a key U.S. inflation report later in the day that could determine the course of Federal Reserve policy. However, the yen remained hovering…
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U.K. Economy Shed Fewer Than Expected Jobs in April, Wages Beat Estimates
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The latest UK employment report was mostly better than expected, with the economy losing just 8.9K jobs in April versus an estimated decline of 13.9K jobs. In addition, previous readings enjoyed notable improvements, reflecting flexibility in the labor market and strong wage inflation. Change in the number of claimants in…
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Xsolla Releases Quarterly Insights Report on The Future Of Gaming And Game Development
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Xsolla, a global video game retailer, published the Spring 2024 edition of “The Xsolla Report: State of Play” today. Launched in the wake of the Game Developers Conference (GDC) 2024, this comprehensive report offers invaluable insights into the emerging situation. Pivotal trends and shifts impacting the gaming industry in the…