Category: Markets
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More yen weakness likely – BOA Securities survey By Investing.com
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Investing.com – Further weakness in the Japanese yen appears likely, according to Bank of America Securities, citing its latest surveys of foreign exchange rates and interest rates. At 10:25 EST (14:25 GMT), it was trading 0.2% higher at 155.83 yen, with the pair up just under 2% this week as…
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4 Factors That Weaken Your Deliberate Practice
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Deliberate practice refers to the conscious process of repeating tasks to improve your skills. Note that the keyword here is Realizing. That is, unlike regular repetition, deliberate practice requires focused attention and is designed around specific goals. Deliberate practice can be divided into three basic stages: Action, feedback and integration.…
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Kickstart the FX trading day for April 10 w/a look at the EURUSD, USDJPY and GBPUSD.
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In this April 10 introductory video, I take a look at three of the major currency pairs from a technical perspective – EUR/USD, USD/JPY, and GBP/USD. In this report, I also take a quick look at the USD/CAD pair after a stronger than expected April jobs report showed a gain…
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Hagerty reports robust Q1 growth, marketplace expansion By Investing.com
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Hagerty (HGTY), a leader in collectible vehicle insurance, has announced a robust performance in the first quarter of 2024, with a significant increase in commission revenue and marketplace revenue. The company also reported improved operating margins, a substantial rise in net income, and an increase in adjusted EBITDA. Hagerty’s outlook…
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FMAS:24 Session Spotlight – Becoming a Pro Trader: Tools, Habits, and Mindset
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There are only a few days left until the Finance Magnates Africa Summit (FMAS:24) kicks off in Sandton City. After months of anticipation, this year’s premier event in Africa will return from May 20 to 22 at the Sandton Convention Centre. This year will include several special additions, such as…
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Dollar calm at end of week; sterling gains on growth data By Investing.com
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Investing.com – The US dollar steadied on Friday after losing ground in the previous session on weak jobs data, while the British pound rose in the wake of stronger-than-expected growth numbers. At 04:10 ET (08:10 GMT), the dollar index, which tracks the US currency against a basket of six other…
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Chart Art: Gold (XAU/USD) Aiming for Next Resistance?
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The precious metal is testing an area of long-term interest and may consider moving higher! Could it hit the next ceiling at $2,400 from here? Take a look at the inflection points I’m watching for gold: Gold (XAU/USD) 1 hour Chart by TradingView Weaker-than-expected US jobless claims led to a…
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Asia-Pacific markets higher tracking gains on Wall Street; Hong Kong stocks hit 8-month hi
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Michael H Japan (NKY:IND) +0.41%. Japan’s services sector gauge unexpectedly fell to 47.4 in April 2024 from 49.8 the previous month, lagging the market consensus of 50.4. Japan’s current account surplus rose to 3,398.8 billion yen in March 2024 compared to the Japanese yen. 2,360.0 billion in the same month…
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USD/JPY settles below 156 amid a modest recovery this week, what’s next?
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USD/JPY daily chart The pair has seen a very strong recovery this week, with dip buyers showing some courage. Japan intervened in trading last week to pull the pair down to 152.00, helped by some weak US data. But since then, one-way traffic this week has been on the rise…
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Honda sees full-year profit rising 2.8% By Reuters
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TOKYO (Reuters) – Japan Honda Motor Co. (NYSE:) forecast a 2.8% increase in operating profit for this fiscal year, after beating analysts’ estimates in the fourth quarter as strong sales growth in the United States offset a decline in China. Full-year operating profit for Japan’s second-largest automaker by volume is…
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A Digital Baht for the Future?
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King Rama IV (Mongkut), a 19th-century visionary on the Siamese throne, was a proponent of trade liberalization and modernization. Now, in the 21st century, the Bank of Thailand is echoing that spirit with a bold experiment: a pilot program for a central bank digital currency for individuals, or digital baht.…
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Asia FX weak with US inflation in sight; China tariff fears dent yuan By Investing.com
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Investing.com — Most Asian currencies were modestly lower on Friday as the dollar stabilized from overnight declines, with focus shifting squarely towards key US inflation data due next week, which is likely to provide further signals on interest rates. The Chinese yuan fell, as did currencies with trade exposure to…
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Daily Broad Market Recap – May 9, 2024
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Most European markets were closed for the holiday, but that did not stop the major currencies from recording big moves during the first-tier issues! The spotlight was mostly on the Bank of England’s monetary policy statement, as the bank decided to keep interest rates at 5.25% as expected but still…
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ForexLive Asia-Pacific FX news wrap: USD higher across the major FX board
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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 additional risk and loss exposure. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or all…
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Apple apologizes for iPad Pro ‘Crush’ ad, Ad Age says By Reuters
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(Reuters) – Apple apologized on Thursday after an ad for the latest iPad Pro model sparked criticism by showing an animation of musical instruments and other symbols of creativity being crushed, Ad Age reported. “Our goal is to always celebrate the countless ways users express themselves and bring their ideas…
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Apple apologizes for iPad Pro ‘Crush’ ad, Ad Age says By Reuters
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(Reuters) – Apple apologized on Thursday after an ad for the latest iPad Pro model sparked criticism by showing an animation of musical instruments and other symbols of creativity being crushed, Ad Age reported. “Our goal is to always celebrate the countless ways users express themselves and bring their ideas…
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Bitcoin & Ethereum Decouple From Trad Markets, What It Means
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Data suggests that Bitcoin and Ethereum have little correlation with traditional markets, implying that the cryptocurrency is determining its own fate. Bitcoin and Ethereum have been masters of their own destinies lately According to market intelligence platform data IntoTheBlockHowever, the correlation between BTC and ETH with traditional markets and commodities…
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Grayscale’s Filing for Ethereum Futures ETF Withdrawn over Regulatory Uncertainty
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Grayscale’s proposal to list exchange-traded funds (ETFs) tied to the price of ether was recently withdrawn, according to a notice from the Securities and Exchange Commission (SEC). NYSE Arca, Grayscale’s ETF that would have been listed if approved, withdrew the proposal ahead of an expected decision by the regulator on…
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BOJ’s Ueda signals chance of policy action if yen moves affect inflation By Reuters
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Written by Laika Kihara TOKYO (Reuters) – Bank of Japan Governor Kazuo Ueda said on Wednesday that the central bank may take action on monetary policy if the yen’s movements have a significant impact on inflation, stepping up its warning about the economic fallout from the currency’s recent sharp declines.…
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Long list of oil support: risk on, technical, inventory, Mid East, China, restocking
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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 additional risk and loss exposure. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or all…