Category: Markets
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Daily Broad Market Recap – May 8, 2024
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Who works late because he is a merchant ̶s̶i̶n̶g̶e̶r̶? It doesn’t have to be espresso Today because we have all the details on how the major financial assets moved yesterday. With no major market movers on Wednesday, this was a perfect opportunity for major assets to respond to their individual…
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Crypto Markets Under Pressure as $2B Worth of Altcoin Token Unlocks and $11B Bitcoin Distribution Loom
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Cryptocurrencies are still stuck in a corrective phase, but a wave of supply events worth billions of dollars could delay any real recovery. “The rapid sequence of nearly $2 billion in token unlocks over the next 10 weeks could send the altcoin market plummeting,” cryptocurrency analytics firm 10x Research noted…
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Japan finance minister Suzuki: Rapid FX moves undesirable
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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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US stock futures move sideways with more Fedspeak, rate cues on tap By Investing.com
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Investing.com — U.S. stock index futures traded sideways in overnight trade Wednesday, as a recent rebound on Wall Street stalled after a series of Federal Reserve officials warned that interest rates will remain high for longer. This puts more Fed officials’ upcoming addresses on Thursday and Friday squarely into focus,…
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Singapore Revisits Terraform Labs’ Collapse, Clarifies Licensing Irregularities
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Singapore disavowed collapsed cryptocurrency project Terraform Labs, saying the platform was not performing activities requiring a license from MAS and was not licensed or exempt from a license by the regulator. The city-state also downplayed the impact of the Terraform Labs saga on its financial systems. In response to a…
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Dollar pushes higher; Fed speakers in focus By Investing.com
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Investing.com – The US dollar rose on Wednesday, rebounding from recent weakness as several Federal Reserve officials spoke out. At 04:20 EDT (08:20 GMT), the dollar index, which tracks the US currency against a basket of six other currencies, was up 0.2% at 105.500, pulling away from a nearly one-month…
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Brazil’s central bank cuts its rate by 25bp
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Decision of the Monetary Policy Committee of the Central Bank of Brazil (Copom): 5 COBOOM members voted in favor of a 25 basis point reduction, and 4 members voted in favor of a 50 basis point reduction. The Committee unanimously considers that the uncertain global scenario and the domestic scenario,…
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Dow ends higher for 6th session, but Treasury yields pressure market By Reuters
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Written by David French (Reuters) – The index ended higher on Wednesday, extending its winning streak to six in a row and closing above 39,000 points for the first time in five weeks, as investors continued to bet on supportive US monetary policy. Other Wall Street indexes calmed slightly as…
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Bank of Japan issues stronger warning over yen’s impact on policy By Reuters
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Written by Laika Kihara and Satoshi Sugiyama TOKYO (Reuters) – Bank of Japan Governor Kazuo Ueda said on Wednesday that the central bank may take action on monetary policy if a weaker yen weighs on prices significantly, offering the strongest hint yet that continued declines for the currency could lead…
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Treasury yields rise after US 10-year auction. Chart consolidates
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US 10-year returns Where do 10-year returns belong? In the past year, they have traded from 3.7% to 5.0% as the market faces questions about future inflation and interest rates. The midpoint of this range is 4.35%, which is just below 4.49% currently. Yields rose 2 basis points today after…
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RingCentral (RNG) Shares Skyrocket, What You Need To Know By Stock Story
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What Happened: Shares of office and call center communications software provider RingCentral (NYSE:) jumped 15.7% in the post-market session after the company reported first-quarter results that beat analysts’ billings, revenue and EPS expectations. Gross margin improved and free cash flow was strong. Looking ahead, revenue guidance for the upcoming quarter…
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Mastercard and CrediMax Collaborate to Launch a New Payment Solution in Bahrain
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MasterCard and CrediMax, one of the leading credit card issuers in the Kingdom of Bahrain, have collaborated to launch a payment solution powered by Mastercard Gateway. The new payment solution, called Click to Pay, allows users to complete purchases across different devices. It promises to save time and reduce the…
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TON takes off on Telegram tie-up By Reuters
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Written by Elizabeth Howcroft (Reuters) – The value of a coin called TON has jumped in recent months, as investors bet that its integration with messaging service Telegram could bring the cryptocurrency to the app’s estimated 900 million users. Telegram endorsed TON in September last year, saying that the blockchain…
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3 Tips to Help You Stay “In the Zone” While Trading
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In psychology to beIn the regionIt is more commonly referred to as “flow.” This concept was proposed by Mihály Csíkszentmihályi (try saying it out loud 3 times!) and he describes it as a state in which a person feels fully engaged and fully focused on a particular task. Too often,…
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The USD is the strongest and the AUD is the weakest as the NA session begins
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As the North American session begins, the US dollar is the strongest and the Australian dollar is the weakest. The Japanese Yen sits just behind the Australian Dollar as one of the weakest currencies after comments from Japan’s Finance Minister and Bank of Japan Ueda failed to sufficiently scare off…
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Emerson shares inch up on earnings, revenue beat By Investing.com
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street. LOUIS – Emerson Electric Company (NYSE: NYSE:) reported stronger-than-expected second-quarter performance, with adjusted earnings per share (EPS) and revenue beating analysts’ expectations. EMR shares rose 0.9% in pre-market trading. The company reported second-quarter adjusted EPS of $1.36, which beat analysts’ estimates of $1.25. Revenue also beat expectations, coming in…
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The Finalto Broker Series is BACK!
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Finalto is pleased to announce the release of its latest entry in Mediator seriesWith a focus on marketing and marketing compliance. This new publication explores the evolving movements of retail trading and the reactive regulatory actions that come with them. It offers brokers practical insights to overcome the challenges of…
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Dollar gains ground; subdued yen prompts Japan warning By Reuters
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Written by Amanda Cooper LONDON (Reuters) – The dollar remained steady on Wednesday, offsetting some losses resulting from renewed bets on a cut in interest rates by the Federal Reserve (US central bank) this year, while the yen fell for a third day, raising investors’ concerns about the risk of…
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FX Watch: EUR/GBP to Make New May Highs Ahead of the BOE Event?
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The pound has lost points against the euro so far in May. While there are no headlines explaining the euro’s gains against sterling, traders may take into account concerns about growth in the UK and the improving outlook for growth in the euro zone. Traders who may have been pricing…
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GBPUSD Technical Analysis – A look at the chart ahead of the BOE decision
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Basic overview The US dollar has weakened across the board recently due to a more dovish than expected FOMC decision last week as the Fed decided to signal a further tapering of the QT period starting in June and Fed Chairman Powell repeatedly rejected expectations of a rate hike. Furthermore,…