Category: Markets
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4 Factors That May Sabotage Your Deliberate Practice
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Here at BabyPips.com we always stress the importance of deliberate practice to help improve your forex trading skills. Deliberate practice refers to the conscious process of repeating tasks to improve your skills. Note that the keyword here is attentive. That is, unlike regular repetition, deliberate practice requires focused attention and…
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Softer US auto sales highlight the pain from higher rates
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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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aviation grapples with Middle East escalation By Reuters
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By Joanna Ploczynska LONDON (Reuters) – Rising tensions in the Middle East caused chaos in air travel, with global airlines diverting or canceling flights on Wednesday and regional airports, including Lebanon, Israel and Kuwait, showing long delays, according to FlightRadar24 data. Concerns about travel disruption as the conflict intensifies also…
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Citi predicts mixed outcomes for USD ahead of jobs report By Investing.com
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Citi provided a comment on the potential impact of the upcoming jobs report on the US dollar. The report, which is scheduled to be released on Friday, has markets anticipating different outcomes for currency pairs that include the US dollar, such as and, based on different scenarios for non-farm payrolls…
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U.S. September ISM Manufacturing PMI Prices Index Contracted for the First Time This Year
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The September US ISM Manufacturing PMI survey came in weaker than expected, with the index remaining flat at 47.2 to reflect the same pace of industry contraction rather than improving to expectations of 47.6. This was the sixth month in a row that the index remained below 50.0, with the…
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AUDUSD Technical Analysis – Some consolidation ahead of the NFP report
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Basic overview The US dollar got a little support this week as Fed Chair Powell reiterated that 50 basis points easing by the end of the year remains the base case. As a result, the probability that the Fed will cut interest rates by 50 basis points in November fell…
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European shares defy global slump amid Mideast tensions, energy stocks jump By Reuters
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Written by Pranav Kashyap (Reuters) – European stocks rose on Wednesday, led by gains in energy and defense shares, defying declines in Asia and Wall Street after an Iranian missile attack on Israel exacerbated fears of a broader regional conflict. The European index rose 0.3 percent to 522.37 points. The…
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Dollar benefits from safe-haven status amid Middle East turmoil By Investing.com
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Investing.com – The US dollar rose on Wednesday, with the safe haven adding to sharp gains made in the previous session, as an Iranian missile attack on Israel escalated tensions in the volatile region. At 03:45 EST (07:45 GMT), the dollar index, which tracks the US currency against a basket…
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Chart Art: WTI Crude Oil (USOIL) Is Testing A Key Area Of Interest!
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After the sharp rise seen earlier this week, US crude oil prices are back in the main area of concern. Is the second time a charm for WTI bulls? We take a closer look at the 4-hour time frame! West Texas Intermediate (USOIL) 4 hours Chart by TradingView In case…
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South Korean Inflation Eases to 1.6% in September; BOK May Ease in October Meeting
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Full story via EMW on PiQ Suite South Korea’s CPI inflation rate fell to 1.6% year-on-year in September due to lower transportation prices Core CPI rose 1.8% y/y compared to 1.9% y/y in August Fresh food prices stabilize at a low growth of 3% year-on-year The CPI reading increases the…
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Australian top court dismisses ANZ’s appeal against share placement case By Reuters
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(Reuters) – The Federal Court has dismissed an appeal by ANZ Group against a lawsuit that found the lender guilty of failing to disclose a A$2.5 billion (US$1.73 billion) share offering, Australia’s corporate regulator said on Wednesday. While dismissing the appeal, the court upheld the original decision in a case…
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Chart Art: Can GBP/CAD Sustain Its Uptrend?
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The GBP/CAD pair has been sailing above the uptrend line these days, and there appears to be another pullback to support. Can the uptrend remain intact? Let’s take a closer look at the area of interest we see on the 4-hour time frame! GBP/CAD Forex 4 Hours Chart by TradingView…
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Japan’s Eco Min says not necessarily correct that Ishiba positive about further rate hikes
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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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US dockworkers strike, halting half the nation’s ocean shipping By Reuters
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By Doyinsola Oladipo and David Shepardson NEW YORK (Reuters) – Port workers on the U.S. East Coast and Gulf Coast began their first large-scale strike in nearly 50 years on Tuesday, halting the flow of about half the nation’s shipping, after negotiations for a new labor contract collapsed over wages.…
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US dockworkers strike, halting half the nation’s ocean shipping By Reuters
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By Doyinsola Oladipo and David Shepardson NEW YORK (Reuters) – Port workers on the U.S. East Coast and Gulf Coast began their first large-scale strike in nearly 50 years on Tuesday, halting the flow of about half the nation’s shipping, after negotiations for a new labor contract collapsed over wages.…
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ICYMI – J.P. Morgan Global Manufacturing PMI signals contraction for 3rd consecutive month
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The JPMorgan/S&P Global Market Global Manufacturing PMI was published Tuesday night, reaching 48.8 in September. Output, new orders, employment and inventories of purchases declined, contributing to the contraction. Suppliers’ delivery times were the only element that made a positive contribution. Manufacturing output fell for the first time in 2024 due…
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Stocks fall, safe haven assets rally with oil as Iran fires on Israel By Reuters
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By Sinead Caro and Yoruk Bahçeli (Reuters) – The MSCI global stock index fell along with Treasury yields on Tuesday as investors shied away from riskier assets, while oil futures rose on concerns about supplies after Iran fired missiles at Israel. However, Wall Street stocks finished above session lows, and…
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Markets bunker down as Iran-Israel tensions spark
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Written by Jamie MacGyver (Reuters) – A look at the day ahead in Asian markets. The final quarter of the year has begun, and the sense of caution that marked its opening on Tuesday could not be removed from the enthusiasm and optimism that marked the end of the third…
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Tune in for the Vance vs. Walz debate at 2100 US Eastern time (0100 GMT)
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Outside of the United States these two are not much known. On the Democratic side, Kamala Harris’ running mate is Tim Walz Former high school teacher and football coach He was first elected to Congress in 2006, representing a rural district in Minnesota He left Congress in 2019 to become…
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Nike withdraws annual revenue forecast, shares drop 6% By Reuters
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(Reuters) – Nike pulled its annual revenue forecast on Tuesday and missed quarterly revenue estimates as the sportswear giant battles weak demand for shoes amid intense competition from newer brands globally, sending its shares down 6% after hours. It had previously forecast a mid-range percentage decline in annual revenue. The…