Category: Markets
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Analysis-Dollar bears eye shifts in global yields, growth to play further weakness By Reuters
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Written by Saqib Iqbal Ahmed NEW YORK (Reuters) – Traders gauging how to play with further declines in the U.S. dollar are looking to the relative strength of economies around the world, as interest rate shifts from global central banks rattle currency markets. The index fell 4.8% against a basket…
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Bank of America now sees Fed cutting 25 bps in November from 50 bps
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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 more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…
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BCA says investors should fade the real estate rally By Investing.com
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Investing.com – BCA Research asked investors in a recent note to take a cautious approach to the recent rally in real estate, which has been the best-performing sector in the US, with distressed sectors such as Office REITs leading the way. However, BCA analysts warn that this momentum may not…
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BCA says investors should fade the real estate rally By Investing.com
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Investing.com – BCA Research asked investors in a recent note to take a cautious approach to the recent rally in real estate, which has been the best-performing sector in the US, with distressed sectors such as Office REITs leading the way. However, BCA analysts warn that this momentum may not…
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Strong jobs report propels dollar to best week since 2022 By Reuters
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Written by Karen Brettell NEW YORK (Reuters) – The dollar jumped to a seven-week high on Friday and was on track to record its best week since September 2022 after a surprisingly strong September jobs report prompted traders to scale back their bets that the Federal Reserve would raise $50.…
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USD/JPY nears 149.00 as ten-year yields near 4%. Watch both
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US 10-year returns daily Treasuries appear to want to test 4%. Going back a few weeks, the 3.6% level was a recession trade, but with the US economy looking stronger now, it is safer to price the federal funds floor at 3% or 3.50%. Add in some terms a premium…
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USD/JPY nears 149.00 as ten-year yields near 4%. Watch both
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US 10-year returns daily Treasuries appear to want to test 4%. Going back a few weeks, the 3.6% level was a recession trade, but with the US economy looking stronger now, it is safer to price the federal funds floor at 3% or 3.50%. Add in some terms a premium…
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EU plan to press ahead with China EV tariffs bad for ties and green ambitions -Xinhua By Reuters
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BEIJING (Reuters) – The European Commission’s decision to press ahead with tariffs on Chinese-made electric cars threatens to undermine decades of cooperation between China and the European Union and jeopardize climate change goals, Xinhua news agency said on Saturday. The European Union said on Friday that it would go ahead…
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The AUDUSD is lower and below a key downside target.What next for today and going forward
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The Australian dollar fell sharply against the dollar in US trading today on the back of the strong US jobs report. The bearish move has pushed the price below the 38.2% retracement of the upward move from the September 11 low at 0.6819 and also the bullish 100 bar moving…
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Brazil’s top court says X paid pending fines to wrong bank By Reuters
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Written by Luciana Magalhaes SAO PAULO (Reuters) – Brazil’s Supreme Court said on Friday that lawyers representing social media platform Payment of the fines, which X’s lawyers said the company had properly paid, was the only remaining action required by the court in order to allow X to operate again…
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NZDUSD continues lower today. RBNZ 50 BP cut expected next week.
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The Reserve Bank of New Zealand will meet next week and the expectation is for a 50 basis point cut (they will meet on Wednesday in New Zealand). Today, the price fell below a swing zone between 0.6167 and 0.61796. That area will now be nearby resistance. On the downside,…
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Wynn Resorts says it gets UAE’s first gambling license By Reuters
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(Reuters) – Hotel and casino operator Wynn Resorts (NASDAQ:) said on Friday that it has been awarded the first commercial gaming operator license in the United Arab Emirates by the country’s Commercial Gaming Regulatory Authority. The Las Vegas-based casino company said it is developing a luxury resort on Wynn Al…
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REUTERS: US military carries out strikes against multiple Houthi targets in Yemen
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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 more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…
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Exclusive-Vista Outdoor strikes deal to sell itself in two parts for $3.4 billion By Reuters
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Written by Anirban Sen and Abigail Somerville NEW YORK (Reuters) – Vista Outdoor (NYSE:) agreed on Friday to sell itself in parts to separate buyers for a total of $3.35 billion, including debt, after fending off a hostile rival that has pursued the sporting goods and ammunition maker for months.…
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Exclusive-Vista Outdoor strikes deal to sell itself in two parts for $3.4 billion By Reuters
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Written by Anirban Sen and Abigail Somerville NEW YORK (Reuters) – Vista Outdoor (NYSE:) agreed on Friday to sell itself in parts to separate buyers for a total of $3.35 billion, including debt, after fending off a hostile rival that has pursued the sporting goods and ammunition maker for months.…
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USDJPY breaks higher this week and extends above the 38.2% of move down from July 3 high
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As the week comes to a close, USDJPY is trading near intraday and week highs. Today’s move higher after the unexpected US jobs report was able to lift the price above the ceiling of the key swing area around the 147.33 level and also above the 38.2% retracement of the…
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Uber, Lyft drivers use Teslas as makeshift robotaxis, raising safety concerns By Reuters
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Written by Akash Sriram and Abhiroob Roy (Reuters) – A Tesla (NASDAQ:) self-driving car carrying a passenger from Uber (NYSE:) collided with an SUV at an intersection on the outskirts of Las Vegas in April, an accident that raised new concerns that there is a growing instability from the companies.…
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Global Market Weekly Recap: September 30 – October 4, 2024
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Geopolitical headlines took center stage most days of the week, driving crude oil prices and even impacting overall market sentiment. Investors appeared concerned about infection risks and restrictions on oil production caused by worsening tensions in the Middle East, which led to a flight to safe havens such as gold…
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US major indices close the day higher helped by strong jobs
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US stocks rose despite rising yields as US jobs showed strength and striking dockworkers reached a tentative agreement to avoid a long-term closure of the main port. A snapshot of the closing levels is shown: The Dow Jones Industrial Average rose 341.16 points, or 0.81%, to 42,352.75 points. The Standard…
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US FDA puts Kezar Life Sciences’ lupus treatment trial on hold after patient deaths By Reuters
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(Reuters) – The US Food and Drug Administration imposed a clinical suspension on the drug Kezar Life Sciences (NASDAQ:)’ trial of an experimental drug for lupus, the company said Friday. The FDA’s decision comes after the company said it had temporarily halted a mid-stage trial of the drug, zetomipzomib, to…