Category: Markets
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Dollar’s demise appears overstated – JPMorgan By Investing.com
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Investing.com – The U.S. dollar has had a tough summer, falling significantly in August, but JPMorgan Chase believes those predicting the demise of the greenback are getting ahead of themselves. At 06:00 ET (10:00 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was…
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Dollar’s demise appears overstated – JPMorgan By Investing.com
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Investing.com – The U.S. dollar has had a tough summer, falling significantly in August, but JPMorgan Chase believes those predicting the demise of the greenback are getting ahead of themselves. At 06:00 ET (10:00 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was…
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Forexlive Americas FX news wrap: US dollar weakens after softer ADP but ISM services firms
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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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Forexlive Americas FX news wrap: US dollar weakens after softer ADP but ISM services firms
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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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Russian court freezes Raiffeisen shares in local bank, blocking sale By Reuters
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FRANKFURT (Reuters) – A Russian court has frozen shares in the local arm of Raiffeisen Bank International, Russia’s largest Western bank said on Thursday, ruling out any sale of the company for now. The Austria-based Reserve Bank of India had pledged to spin off its Russia business, which provides a…
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Russian court freezes Raiffeisen shares in local bank, blocking sale By Reuters
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FRANKFURT (Reuters) – A Russian court has frozen shares in the local arm of Raiffeisen Bank International, Russia’s largest Western bank said on Thursday, ruling out any sale of the company for now. The Austria-based Reserve Bank of India had pledged to spin off its Russia business, which provides a…
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Swiss Franc’s strength may prompt SNB to ease monetary policy By Investing.com
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The Swiss National Bank may engage in a prolonged monetary easing cycle due to an unexpected slowdown in inflation in Switzerland and a strong Swiss franc, according to a report by Gavekal Research. Inflation in Switzerland fell to 1.1% year-on-year in August, down from 1.3% in July and below the…
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Swiss Franc’s strength may prompt SNB to ease monetary policy By Investing.com
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The Swiss National Bank may engage in a prolonged monetary easing cycle due to an unexpected slowdown in inflation in Switzerland and a strong Swiss franc, according to a report by Gavekal Research. Inflation in Switzerland fell to 1.1% year-on-year in August, down from 1.3% in July and below the…
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Preview: Why August non-farm payrolls frequently disappoint
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Consensus estimate: +160K vs. +175K previously (range: +100K to +246K) July was +114k Special consensus +139k vs. +148k previously Unemployment rate estimated at 4.2% vs. 4.3% previously Previous participation rate 62.6% Previous underemployment U6 7.8% v Average hourly earnings on an annual basis expected +3.7% vs. +3.7% previously Average hourly…
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AMD lost some market share in Server Instances while Intel gained- report By Investing.com
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Advanced Micro Devices (NASDAQ:) saw its share of the server instance market decline slightly in July, according to a note from Jefferies on Thursday. The report highlights that AMD lost 10 basis points (bps) of its share, while Intel (NASDAQ:) gained, capturing 72.8% of the market, driven by the success…
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AMD lost some market share in Server Instances while Intel gained- report By Investing.com
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Advanced Micro Devices (NASDAQ:) saw its share of the server instance market decline slightly in July, according to a note from Jefferies on Thursday. The report highlights that AMD lost 10 basis points (bps) of its share, while Intel (NASDAQ:) gained, capturing 72.8% of the market, driven by the success…
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Major Russian lenders say yuan coffers empty, urge central bank action By Reuters
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Written by Elena Fabrichnaya MOSCOW (Reuters) – Russia’s top banks have called on the central bank to take action to address a liquidity shortage in the yuan that has sent the rouble to its lowest level since April against the Chinese currency and pushed yuan swap rates into the single…
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Major Russian lenders say yuan coffers empty, urge central bank action By Reuters
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Written by Elena Fabrichnaya MOSCOW (Reuters) – Russia’s top banks have called on the central bank to take action to address a liquidity shortage in the yuan that has sent the rouble to its lowest level since April against the Chinese currency and pushed yuan swap rates into the single…
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USDCAD waffles above and below the 100 hour MA today. Traders await await the next shove.
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The Bank of Canada cut interest rates by 25 basis points yesterday, but despite the cut, the Canadian dollar rose against the US dollar (USDCAD lower). The USD/CAD pair fell below the 100-hour moving average at 1.35136, but was unable to maintain the downside momentum to the 200-hour moving average…
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USDCAD waffles above and below the 100 hour MA today. Traders await await the next shove.
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The Bank of Canada cut interest rates by 25 basis points yesterday, but despite the cut, the Canadian dollar rose against the US dollar (USDCAD lower). The USD/CAD pair fell below the 100-hour moving average at 1.35136, but was unable to maintain the downside momentum to the 200-hour moving average…
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Tesla shares gain on plans to launch Full Self-Driving in Europe, China By Reuters
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Written by Akash Sriram (Reuters) – Tesla Inc (NASDAQ:TSLA) shares rose 2.6 percent before the bell on Thursday after the electric carmaker stuck to its plans to launch its advanced driver assistance software for Full Self-Driving (FSD) in China and Europe pending regulatory approval. This comes about a month before…
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Tesla shares gain on plans to launch Full Self-Driving in Europe, China By Reuters
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Written by Akash Sriram (Reuters) – Tesla Inc (NASDAQ:TSLA) shares rose 2.6 percent before the bell on Thursday after the electric carmaker stuck to its plans to launch its advanced driver assistance software for Full Self-Driving (FSD) in China and Europe pending regulatory approval. This comes about a month before…
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Bank of America sees more downside for the dollar By Investing.com
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The US dollar has stabilized after a sharp decline in August, but Bank of America Securities sees more trouble ahead for the greenback. At 07:20 ET (11:20 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was down 0.2% at 101.077, having largely held…
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ForexLive European FX news wrap: Awaiting more key data from the US
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Headlines: Markets: Euro and British Pound Lead, USD and CAD Lag on the Day European stocks mixed; S&P 500 futures up 0.1% US 10-year bond yields steady at 3.768% Gold rises 0.9% to $2,516.01 West Texas Intermediate crude rose 0.5% to $69.53. Bitcoin down 2.2% to $56,740 The session was…
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17EdTech reports strong Q2 revenue growth amid challenges By Investing.com
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17EdTech, a leading provider of educational technology solutions, has reported a significant quarter-to-quarter revenue growth of 165% in the second quarter of 2024. The company’s Chief Financial Officer, Michael Du, highlighted the robust progress in the core business, driven by expansion and contract winnings in new potential areas. Despite the…