Category: Markets
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Chart Art: Can EUR/GBP Stay Inside Its Range?
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The EUR/GBP pair is moving back and forth between the support level at 0.8300 and the resistance level at 0.8450. Is it preparing for a breakthrough soon? Or are we about to see another bounce off these inflection points? EUR/GBP 4 hours Chart by TradingView The ECB’s dovish rhetoric appears…
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Daily Broad Market Recap – November 6, 2024
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Trump’s election victory dominated price action on Wednesday, sending most major assets to notable highs and lows. How did your favorite asset trade yesterday? Our deets: Titles: Trump’s expected election victory sent the US dollar, Treasury bond yields and stocks rising sharply German factory orders It jumped from -5.4% to…
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Trump Resurgence Sinks Emerging Markets as Dollar Surges
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(Bloomberg) — Emerging markets were hit hard by the return of the “Trump trade” on Wednesday as the dollar and U.S. yields rose after the election of Donald Trump. Most read from Bloomberg Eastern European currencies led the losses, making a gauge of emerging market currencies post its worst day…
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How to Deal With “Black Swan” Event Losses
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By definition, Black swan events Unexpected and very difficult to predict. We could see huge gaps, sharp swings, and increased volatility during big events… or we might not see any movement at all. Do you remember the time when the Swiss National Bank (SNB) surprised the markets with the decision…
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Trump win seen generally positive for markets
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Financial markets expected Donald Trump to win the US presidential elections. Bitcoin rose 10% this morning to a peak of $72,000. Trump is considered a friend of the cryptocurrency industry. He has announced that he will turn the United States into the crypto capital of the world and has promised…
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US Stocks, Dollar Rally as Trump Nears Victory: Markets Wrap
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(Bloomberg) — Growing presidential expectations for Donald Trump spread across global markets on Wednesday, with U.S. stock futures rising, Treasury yields jumping and the dollar rising by the most since March 2020. Most read from Bloomberg S&P 500 futures rose 1.8%, 10-year bond yields rose 14 basis points to a…
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US Stocks, Dollar Rally as Trump Nears Victory: Markets Wrap
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(Bloomberg) — Growing presidential expectations for Donald Trump spread across global markets on Wednesday, with U.S. stock futures rising, Treasury yields jumping and the dollar rising by the most since March 2020. Most read from Bloomberg S&P 500 futures rose 1.8%, 10-year bond yields rose 14 basis points to a…
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Chart Art: Gold (XAU/USD) Potential Reversal Looming?
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Can gold prices rise from here? I see some signs of bullish exhaustion on the 4-hour time frame and a possible reversal chart pattern as well! Check these inflection points to gauge if the trend is still likely to continue: Gold (XAU/USD) 4-Hour Frame Chart by TradingView It seems that…
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Daily Broad Market Recap – November 5, 2024
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All eyes were on the US elections on Tuesday, encouraging pre-event positioning and volatile price action among major assets. US dollar alternatives such as Bitcoin and gold rose, while US stocks found support from a potential Trump win. Titles: The Reserve Bank of Australia kept interest rates at 4.35% as…
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New Zealand Dollar Rises as Robust Wage Growth Outweighs Q3 Job Decline
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New Zealand’s labor market slowed slightly in Q3 2024, with employment falling by 0.5% quarter-on-quarter (versus an expected 0.4% decline) and the unemployment rate rising from 4.6% to 4.8%. The labor force participation rate also declined to 71.2% compared to 71.7% in the previous quarter. Furthermore, job gains last quarter…
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Daily Broad Market Recap – November 4, 2024
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Traders remained mostly on the sidelines on Monday, as traders priced in uncertainty over the US election and high-profile calendar events this week. However, crude oil got a small boost from OPEC+ delaying the plan to increase production, while Bitcoin, stocks and the US dollar unraveled some of the “Trump…
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4 Cases When You Should Sit on the Sidelines
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With another busy trading week ahead, are you really supposed to pounce on every opportunity to make profits? Contrary to what some may think, staying on the sidelines does not necessarily mean that you are a lazy trader. In fact, there are cases where sitting back and refraining from taking…
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4 Cases When You Should Sit on the Sidelines
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With another busy trading week ahead, are you really supposed to pounce on every opportunity to make profits? Contrary to what some may think, staying on the sidelines does not necessarily mean that you are a lazy trader. In fact, there are cases where sitting back and refraining from taking…
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XRP Price Resilient Above $0.50 While Markets Turn Red
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Ayush Jindal, one of the prominent figures in the world of financial markets, has more than 15 years of brilliant experience in the fields of forex and cryptocurrency trading. Known for his unparalleled proficiency in delivering technical analysis, Ayush is a trusted advisor and top market expert to investors around…
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XRP Price Resilient Above $0.50 While Markets Turn Red
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Ayush Jindal, one of the prominent figures in the world of financial markets, has more than 15 years of brilliant experience in the fields of forex and cryptocurrency trading. Known for his unparalleled proficiency in delivering technical analysis, Ayush is a trusted advisor and top market expert to investors around…
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Risk Management and Security in Online Trading: How Platforms Keep Your Investments Safe
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In the rapidly evolving world of online trading, security and risk management have emerged as critical factors for both individual and institutional investors. With increased access to markets through technology, individuals can now trade stocks, currencies, commodities and cryptocurrencies from almost anywhere. However, with increased accessibility comes increased risks. From…
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Dollar Weakens as US Polls Signal No Clear Leader: Markets Wrap
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Breadcrumb links BMN Business The dollar fell after the latest set of opinion poll data for the US presidential elections showed no clear advantage between Kamala Harris and Donald Trump. Oil rose after OPEC+ postponed the production increase. Article writer: Bloomberg News Richard Henderson Published on November 3, 2024 •…
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Premium Watchlist Recap: Oct. 29 – 30, 2024
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This week our currency strategists focused on the Australian CPI report and the Bank of Japan’s monetary policy statement in search of potential high-quality setups. Of the eight scenario/price forecast discussions this week, Arguably, two discussions saw both financial and technical arguments raised They become potential candidates for overlay trading…