Category: Markets
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Election Anxiety Grips Emerging Markets as Investors Slash Risk
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(Bloomberg) — From Mexico City to Shanghai, traders, battered by a volatile year, are bracing for a new political shock: a U.S. presidential election that threatens to upend global trade and potentially sour the economic outlook across the developing world. Most read from Bloomberg While the race remains close in…
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Election Anxiety Grips Emerging Markets as Investors Slash Risk
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(Bloomberg) — From Mexico City to Shanghai, traders, battered by a volatile year, are bracing for a new political shock: a U.S. presidential election that threatens to upend global trade and potentially sour the economic outlook across the developing world. Most read from Bloomberg While the race remains close in…
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AI Stock Ratings Shift: Key Analyst Insights on Microsoft, Google, and ARM
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Leading analysts weigh in on key AI stock ratings, adjusting expectations for Microsoft, Google, ARM, and others as the market responds to new data. The post AI Stock Ratings Shift: Key Analyst Insights on Microsoft, Google, and ARM first appeared on Investorempires.com.
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Global Market Weekly Recap: October 28 – November 1, 2024
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Market correlations were chaos for most of the week, with stocks and commodities moving according to their individual catalysts. Geopolitical tensions were still at the forefront, although OPEC+ updates and US inventory data also pushed crude oil prices. Meanwhile, gold and Bitcoin rose to all-time highs, while the US dollar…
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Chart Art: WTI Crude Oil (USOIL) Just Bounced From a Range Support. Now What?
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A rebound in crude oil prices has pushed West Texas Intermediate (USOIL) crude higher from a key technical support area. Will this cause USOIL to reconsider areas of highest interest? Let’s check the 4-hour time frame: West Texas Intermediate (USOIL) 4 hours Chart by TradingView If you read Thursday’s market…
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Daily Broad Market Recap – October 31, 2024
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Profit taking was the name of the game on Thursday, as traders prepared for high-level US data releases, the US elections, and the end of the trading month. What are the major headlines that dominated the price movement in recent trading sessions? We break them down for you: Titles: China…
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Fed’s Target in Sight as Inflation Cools, Spending Holds Strong
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The latest Bureau of Economic Analysis (BEA) data gave us a mixed reading on consumer prices for September. Energy, food and commodity prices fell, pushing headline inflation closer to the Fed’s 2% target. but Services inflation remains highWhich suggests that the Fed may be leaning toward keeping interest rates high…
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Bank of Japan Holds Rates, Hints at Potential December Move
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The Bank of Japan (BOJ) maintained its short-term interest rate target at 0.25% at its policy meeting today, while signaling increased confidence in the economic outlook that could pave the way for further monetary tightening as early as December. Link to the Bank of Japan’s official statement and economic outlook…
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Chart Art: Is The U.S. Dollar Index Ready To Bounce Higher?
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The US dollar retreated from some of its weekly gains after an advanced GDP reading disappointed market expectations. Are we looking at an opportunity to buy the dollar at lower levels? We zoom in on the 4-hour chart to check the range setting: US Dollar Index (DXY) 4 Hour Forex…
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Daily Broad Market Recap – October 30, 2024
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It was another volatile day in the financial markets, with currencies and asset classes dealing with a few top-tier catalysts. Not only did Uncle Sam print advanced Q3 GDP, but Australia also released its quarterly inflation report while big tech companies like Meta and Microsoft released earnings numbers. Check out…
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Gold Prices Surge to Record High Amid U.S. Election Uncertainty and Interest Rate Speculation
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Rising gold prices reflect growing investor demand for safe-haven assets due to U.S. election jitters, political uncertainty in Japan, and pending Fed rate announcements. The post Gold Prices Surge to Record High Amid U.S. Election Uncertainty and Interest Rate Speculation first appeared on Investorempires.com.
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Gold Prices Surge to Record High Amid U.S. Election Uncertainty and Interest Rate Speculation
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Rising gold prices reflect growing investor demand for safe-haven assets due to U.S. election jitters, political uncertainty in Japan, and pending Fed rate announcements. The post Gold Prices Surge to Record High Amid U.S. Election Uncertainty and Interest Rate Speculation first appeared on Investorempires.com.
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Australia’s Q3 CPI Cools, but Sticky High Components May Keep RBA Hawkish
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Data from the Australian Bureau of Statistics (ABS) showed consumer price increases slowing from 1.0% to 0.2% in the third quarter of 2024 versus market expectations for a reading of 0.3%. On an annual basis, The CPI for the third quarter fell from 3.8% to 2.8%, above the middle of…
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Daily Broad Market Recap – October 29, 2024
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Market correlations appear to be out of sync in recent trading sessions, as crude oil had its own path while US stocks reacted to earnings data. Gold advanced more than 1% on the day while BTC/USD rose to all-time highs at the $73,000 levels. What economic headlines and updates drive…
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FX Watch: AUD/USD And AUD/CAD To Make New Weekly Lows On Cooler AU CPI?
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Australia is about to print inflation data for the third quarter! Australian CPI Event Guide for Q3 2024 suggests we may see cooler price pressures compared to the previous quarter as commodity prices (but mostly oil) and average input costs eased while inflation expectations eased in the previous months. If…
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Chart Art: USD/CHF Is Facing A Major Resistance At .8700!
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USD/CHF does not appear to be breaking through the major technical resistance area! Is it time to short the dollar against its safe-haven counterpart? We take a closer look at the daily chart! USD/CHF 1 Hour Forex Chart by TradingView The US dollar does not appear to be maintaining its…
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Daily Broad Market Recap – October 28, 2024
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The coast was clear in terms of top-tier economic releases on Monday, but there was no shortage of major moves among major asset classes. Check the headlines that drive price action. Titles: Targeted Israeli air strikes Over the weekend, it avoided Iranian oil and nuclear facilities Liberal Democratic Party elections…
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Chart Art: QQQ (Nasdaq 100 ETF) Rising Wedge Pattern In Focus
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The high-tech Nasdaq 100 ETF (QQQ) finds itself at a critical technical juncture just as the tech giants prepare to release earnings! Will strong tech gains fuel a sustained break above the rising wedge, or could any disappointments trigger a pullback to test buyer commitment? Check out the turning points…
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Stocks climb, oil sinks at start of pivotal week: Markets wrap
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(Bloomberg) — There was a sense of relief in markets after Israeli retaliatory strikes against Iran averted oil facilities, with crude oil falling and stocks rising at the start of what appears to be a pivotal week for investors. Most read from Bloomberg Iran said its oil industry was operating…
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Chart Art: GBP/USD’s Potential Trend Pullback Levels
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The British pound has just stopped the downtrend around a potential technical support area. Will GBP/USD find enough demand at this level to extend the long-term trend? We check the daily chart! GBP/USD 1 Hour Forex Chart by TradingView In case you missed the latest weekly forex market summary, you…