Category: Markets
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Chart Art: Gold (XAU/USD) Still Stuck in a Range!
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Gold has risen to record highs over the past few days, but it appears to be struggling to break out of consolidation. Check out these turning points I’m watching! Gold (XAU/USD) Forex 1 Hour Chart by TradingView All this talk about the size of the Fed’s potential rate cut in…
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US Vice President Harris’ campaign is pushing for a second debate with Trump
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks 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…
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Britain’s Rightmove rejects $7.3 billion takeover offer from Murdoch’s REA Group By Reuters
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By Scott Murdoch and Aditya Govindrao SYDNEY (Reuters) – Britain’s biggest property portal Rightmove has rejected its offer to buy the Australian property listings company for 5.6 billion pounds ($7.32 billion) in cash and shares, the Australian property listings company Ria Group said on Wednesday. REA, in which Rupert Murdoch’s…
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PBOC is expected to set the USD/CNY reference rate at 7.1198 – Reuters estimate
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The People’s Bank of China is scheduled to set the exchange rate of the US dollar against the Chinese yuan at around 0115 GMT. The People’s Bank of China, the central bank of China, is responsible for setting the daily midpoint of the yuan (also known as the renminbi or…
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US stock futures inch lower with CPI data, Harris-Trump debate on tap By Investing.com
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U.S. stock index futures were slightly lower in overnight trading Tuesday as focus shifted squarely to the upcoming inflation reading that is likely to weigh on interest rate cut expectations. Eyes also focused on the first debate between Vice President Kamala Harris and former President Donald Trump, who are set…
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Here’s what 14 investment bank analysts are forecasting for US CPI headline and core rates
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks 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…
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Room to hike Kors prices seen in Tapestry-Capri merger, executive testifies By Reuters
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Written by Siddharth Kavali NEW YORK (Reuters) – Fashion retailer Tapestry Holdings Inc has room to raise prices and cut discounts on rival Capri’s Michael Kors brand if the two companies merge, a top executive at the company said on Tuesday, as regulators seek to block the $8.5 billion deal.…
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Oil – private survey of inventory shows a headline crude oil draw vs. build expected
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Figures via oilprice.com on Twitter: — The predictions I saw focused on: Crude oil rises by 1.0 million barrels Distillates +0.3 million barrels Gasoline -0.1 million — This data point is taken from a special survey conducted by the American Petroleum Institute (API). It is a survey of oil storage…
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US regulators probe Delta ground accident at Atlanta airport By Reuters
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By David Shepardson ATLANTA (Reuters) – The wing of a Delta Air Lines Inc plane collided with a regional jet as it was heading to Atlanta for departure on Tuesday, damaging both aircraft, a federal agency and the airline said. The accident caused significant damage to the tail of the…
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U.K. Labour Market Update: September 2024
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The latest UK employment data reveals a mixed picture, with signs of a slowdown in the labour market but persistent wage pressures, leaving the Bank of England in a delicate position ahead of its meeting on September 19. Key points: The UK employment rate for people aged 16-64 is estimated…
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S&P 500 Rally Hits a Wall as Big Banks Sound Alarm: Markets Wrap
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(Bloomberg) — Stocks fell after some of Wall Street’s biggest banks gave cautious outlooks, and Brent crude fell below $70 a barrel on concerns about oversupply. Most Read from Bloomberg After a rally to start the week, the S&P 500 struggled to make much headway. JPMorgan Chase & Co. fell…
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US Treasury auctions $58B of 3 year notes at a high yield of 3.440%
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High yield:3.440% WI level at auction time: 3.457% tail: -1.7 bs Average of six auctions: 0.1 basis points Show Coverage: 2.66X Merchants:10.45% Direct (local demand measure):11.3% Indirect (international demand measure):78.24% Auction Grade: A details: International buyers were in attendance and outperformed other bidders. International buyers received 78.24%. This was well…
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Starbucks new CEO Niccol to focus on US in first 100 days By Reuters
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(Reuters) – Starbucks Corp.’s new Chief Executive Brian Niccol laid out his plan for the first 100 days on Tuesday, saying he will focus on improving the customer experience at its U.S. stores. Nicol took over from Lakshman Narasimhan on September 9 as the coffee chain grapples with weak demand…
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The US dollar is down but not out: BCA By Investing.com
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Investing.com – Despite recent weakness, analysts at BCA Research assert in a note dated Monday that the Saudi stock market remains resilient and is expected to rebound in the coming months. The global economic landscape, marked by a slowdown in the manufacturing sector and increased caution in financial markets, is…
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Oil smoked in a 4% decline. On track for the lowest close since 2021
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WTI Daily Crude The price of a barrel of WTI crude oil is now at $65. It fell 4% on the day, or $2.75, to $65.96, its worst level since May 2023. It has traded as low here on a handful of days in 2023, but if it finishes at…
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Oil smoked in a 4% decline. On track for the lowest close since 2021
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WTI Daily Crude The price of a barrel of WTI crude oil is now at $65. It fell 4% on the day, or $2.75, to $65.96, its worst level since May 2023. It has traded as low here on a handful of days in 2023, but if it finishes at…
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The Sevens Report By Investing.com
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Investing.com – The U.S. dollar could face a significant drop to record lows in a worst-case scenario if economic conditions deteriorate and key market assumptions falter, according to the latest research note from Sevens Report. Recent market activity has shown that the S&P 500 is trading at a valuation that…
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The Sevens Report By Investing.com
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Investing.com – The U.S. dollar could face a significant drop to record lows in a worst-case scenario if economic conditions deteriorate and key market assumptions falter, according to the latest research note from Sevens Report. Recent market activity has shown that the S&P 500 is trading at a valuation that…
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Citi forecasts further US dollar decline amid global slowdown By Investing.com
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Citigroup has expressed a view that the US dollar is likely to weaken further in the near term, although it maintains a bullish stance on the currency for the next month or two. The brokerage stressed that this outlook is not in favour of a broad-based strengthening of the dollar…
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Citi forecasts further US dollar decline amid global slowdown By Investing.com
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Citigroup has expressed a view that the US dollar is likely to weaken further in the near term, although it maintains a bullish stance on the currency for the next month or two. The brokerage stressed that this outlook is not in favour of a broad-based strengthening of the dollar…