Category: Markets
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European shares slip at open in earnings tide, Fed outcome By Reuters
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(Reuters) – European stocks opened lower on Thursday as investors returned from the midweek holiday to analyze a series of big earnings and the Federal Reserve (US central bank) signaled to postpone interest rate cuts. By 0715 GMT, the euro was down 0.2%, after recording its first monthly decline this…
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FX Volatility Impacts Q1 Revenue of Compagnie Financière Tradition
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Compagnie Financière Tradition (SWX: CFT), an inter-dealer broker and Japanese retail forex trading platform operator, boosted its revenues for the first three months of 2024 on a constant currency basis but saw a decline when viewed on a current exchange rate basis. . Another quarter ends According to official figures…
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Asia FX weak as Fed does little to soothe rate fears; yen rebound stalls By Investing.com
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Investing.com — Most Asian currencies held a narrow range on Thursday, benefiting slightly from a lower dollar, as the Federal Reserve said interest rates were unlikely to fall in the near term, although they were unlikely to rise either. This kept the Japanese yen’s recovery short-lived, with the currency weakening…
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Chart Art: USD/CHF Channel Correction Levels
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I see a textbook trend setup on the 4-hour time frame for USD/CHF. Will we see another channel bounce this time? Or is it the opposite of the cards? USD/CHF Forex 4 Hours Chart by TradingView ICYMI The May FOMC statement led to a significant decline in the US dollar,…
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Jerome Powell Offered Markets a Reprieve. It Vanished in a Blink
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(Bloomberg) — Wall Street traders cheered Wednesday when Federal Reserve Chair Jerome Powell signaled he doesn’t expect imminent interest rate hikes despite inflationary pressures. The celebration did not last long. Most read from Bloomberg Briefly, US stocks rose to unleash their biggest post-policy meeting rally since December, while Treasury yields…
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ForexLive Asia-Pacific FX news wrap: Massive swings for USD/JPY – intervention then bounce
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USD/JPY as it happened: last: The USD/JPY pair was holding near 157.50 after the US market closed on Wednesday afternoon before interventionary selling hit it hard. It fell from 157.50 dramatically after a large number in very liquid trading over the course of about 20 minutes before finally bouncing from…
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DBS quarterly results trounce forecasts, another record year expected By Reuters
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By Yantultra Ngoy SINGAPORE (Reuters) – Singapore’s largest bank DBS Group (OTC:) on Thursday reported first-quarter results that beat expectations with broad-based growth, and said it expects net profit to surpass last year’s record result. Due to strong business momentum with loans growing and fee income and treasury client sales…
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5 Tech Innovations Advancing Campus Security
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Before allowing students to start living, studying and enriching themselves on campus, universities have a duty to provide protection. More than 31,000 crimes were reported on campus in 2021, and only 2% of these reports are unfounded. New and emerging technologies can end campus crime. Keep reading as we explore…
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Dollar/yen nosesdives again as market watches for BOJ intervention By Reuters
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(Reuters) – The dollar fell against the yen late Wednesday afternoon, falling further from 34-year highs two days after traders said Japanese authorities were buying yen to support their currency, which has fallen 11% this year. The USD/JPY suddenly fell more than 3% from its levels late Tuesday, trading as…
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Daily Broad Market Recap – April 30, 2024
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It was a good day for the dollar to rise, with the greenback seeing a steady rise across the board, even before the high-level US reports came out. But how did the rest of the financial markets perform? Titles: China official manufacturing PMI for April: 50.4 (50.3 expected, 50.8 previously)…
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Japan’s Ministry of Finance have revealed their very weak hand propping up the yen
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The Bank of Japan first intervened on a Japanese holiday, which was Monday of this week. Then a second time just hours ago, during the New Zealand morning. While they had influence both times, and they would be happy to do so, these two times are indicators of how weak…
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Trinity Industries posts strong Q1 results, raises EPS outlook By Investing.com
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Trinity Industries , Inc. (NYSE:) delivered a robust financial performance for the first quarter of 2024, marked by a significant 26% increase in revenue year-over-year. The company’s first quarter future lease rate differential (FLRD) reached 34.7%, which stands as the second-highest in the past four years. In light of these…
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US Prosecutors Probe Jack Dorsey’s Block over Compliance Concerns: Report
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US federal prosecutors are investigating the financial dealings of Block, the company co-founded by Jack Dorsey, according to NBC News. Findings from internal documents reportedly point to compliance issues at Square and Cash App. Documents provided by a former employee reportedly highlighted inadequate customer information collection and transaction processing related…
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Dollar has further upside against G10 currencies
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Investing.com – Aggressive moves in the Japanese yen this week, largely against the US dollar, have sparked talk of official intervention. While this could be seen as a sign of extreme strength in the dollar, UBS pointed to the weakness of the yen, saying that the dollar offers more upside…
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Canada’s GDP Data Showed Slower Growth in February, ”Unchanged” GDP in March
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Canada’s economy grew by 0.2% in February, slightly lower than the 0.4% growth markets had expected and weaker than January’s 0.5% rise. A closer look shows that service-producing industries led increases for the second month in a row thanks to growth in transportation and warehousing. Meanwhile, commodity-producing industries were unchanged,…
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Atlanta Fed GDPNow Q2 growth estimate dips to 3.3% from 3.9%
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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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Mastercard shares slide on Q1 revenue miss, updated guidance By Investing.com
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Mastercard (NYSE:) shares opened lower on Wednesday after the company printed its fiscal first quarter, reporting worse-than-expected revenue and operating margin. The payments processing giant reported first-quarter earnings per share (EPS) of $3.31, ahead of consensus estimates of $3.24. However, the company’s revenue of $6.3 billion is slightly lower than…
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Nektar Network begins Epoch 1 of Nektar Drops – Rewards for Ongoing Participation
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The Nektar Network is pleased to announce the launch of Epoch 1 of Nektar Drops, starting today, May 1, 2024. This new phase is dedicated to recognizing and recording the contributions of our community members through daily Nektar Drops, which can be earned by participating in pre-selected activities within the…
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Dollar nears six-month high after pre-Fed data shock, yen steady By Reuters
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By Harry Robertson LONDON (Reuters) – The dollar rose toward its highest level since November on Wednesday ahead of the Federal Reserve’s interest rate decision later in the day after data on Tuesday showed more signs of inflationary pressures in the U.S. economy. Meanwhile, the yen remained steady after falling…
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How to Deal With Too Much Information
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Having to process a lot of market information and make quick trading decisions can be a challenge for most of us. Imagine having to look at the results of an economic report, the key details, how analysts interpret the data, how the markets react… all in order to come to…