Category: Markets
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Leader of Canada’s opposition new Democrats is tearing up coalition deal with Trudeau
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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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Leader of Canada’s opposition new Democrats is tearing up coalition deal with Trudeau
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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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Acting US labor secretary encourages Boeing and workers to reach ‘fair contract’ By Reuters
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Written by Alison Lambert NEW YORK (Reuters) – Acting U.S. Labor Secretary Julie Su on Wednesday encouraged Boeing Co. and more than 30,000 workers at the planemaker’s plant to close the gap in negotiations and reach a fair contract as a Sept. 12 vote on a new deal approaches. Boeing…
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Acting US labor secretary encourages Boeing and workers to reach ‘fair contract’ By Reuters
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Written by Alison Lambert NEW YORK (Reuters) – Acting U.S. Labor Secretary Julie Su on Wednesday encouraged Boeing Co. and more than 30,000 workers at the planemaker’s plant to close the gap in negotiations and reach a fair contract as a Sept. 12 vote on a new deal approaches. Boeing…
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Reports of dollar’s demise are greatly exaggerated, JPMorgan says By Reuters
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By Mark Jones LONDON (Reuters) – Suggestions that the dollar’s dominance of the global financial system is ending are off the mark, despite some dramatic signs of change in commodity markets and some trading blocs, JPMorgan said on Wednesday. JPMorgan said the rise of China and the use of economic…
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Reports of dollar’s demise are greatly exaggerated, JPMorgan says By Reuters
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By Mark Jones LONDON (Reuters) – Suggestions that the dollar’s dominance of the global financial system is ending are off the mark, despite some dramatic signs of change in commodity markets and some trading blocs, JPMorgan said on Wednesday. JPMorgan said the rise of China and the use of economic…
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Daily Broad Market Recap – September 3, 2024
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The return of US and Canadian traders directly from the Labor Day holiday has brought a surge of volatility to financial markets. How did the major asset classes perform? Find out the latest economic updates and market headlines that drove prices higher: Headlines: Australia’s current account deficit The deficit widened…
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US international trade balance for July $-78.8 billion versus – $-79.0 billion estimate
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Previous month -$73.1 billion revised to -$73.0 billion Goods trade balance -$102.84 billion vs -$96.56 billion Services surplus $24.3 billion vs. $24.2 billion last month Other details: Exports +0.5% vs. +1.7% last month. Imports rose by +2.1% compared to +0.6% in the previous month. Total exports amounted to $266.6 billion…
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US international trade balance for July $-78.8 billion versus – $-79.0 billion estimate
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Previous month -$73.1 billion revised to -$73.0 billion Goods trade balance -$102.84 billion vs -$96.56 billion Services surplus $24.3 billion vs. $24.2 billion last month Other details: Exports +0.5% vs. +1.7% last month. Imports rose by +2.1% compared to +0.6% in the previous month. Total exports amounted to $266.6 billion…
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Nvidia sell-off, growth concerns hit markets By Reuters
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By Tom Wilson LONDON (Reuters) – Stocks fell globally on Wednesday, dragged down by a record sell-off in U.S. chipmaker Nvidia Corp (NASDAQ:NVIDIA) and as expectations of fading global growth hit riskier assets, sending oil prices to multi-month lows and supporting bonds. European stocks fell 1%, with major markets in…
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Nvidia sell-off, growth concerns hit markets By Reuters
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By Tom Wilson LONDON (Reuters) – Stocks fell globally on Wednesday, dragged down by a record sell-off in U.S. chipmaker Nvidia Corp (NASDAQ:NVIDIA) and as expectations of fading global growth hit riskier assets, sending oil prices to multi-month lows and supporting bonds. European stocks fell 1%, with major markets in…
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Chart Art: Potential Reversal on S&P 500 Index (SP500)?
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US stocks appear to have run out of steam on their rally, and this stock index appears to be poised for a major reversal. Has the uptrend finally reached its peak? Find these turning points on the daily time frame! S&P 500 (SP500) Daily Chart by TradingView In case you…
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Chart Art: Potential Reversal on S&P 500 Index (SP500)?
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US stocks appear to have run out of steam on their rally, and this stock index appears to be poised for a major reversal. Has the uptrend finally reached its peak? Find these turning points on the daily time frame! S&P 500 (SP500) Daily Chart by TradingView In case you…
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NZDUSD Technical Analysis – We are testing a key trendline
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Basic Overview Yesterday, we got the US ISM Manufacturing PMI, and although the headline number came in below expectations, the report was better than the previous month. The bad news was that new orders continued to fall to a contractionary level, which is an indicator of demand and is generally…
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NZDUSD Technical Analysis – We are testing a key trendline
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Basic Overview Yesterday, we got the US ISM Manufacturing PMI, and although the headline number came in below expectations, the report was better than the previous month. The bad news was that new orders continued to fall to a contractionary level, which is an indicator of demand and is generally…
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Wedbush says tech bull thesis unchanged after September selloff By Investing.com
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Investing.com — Tech stocks have been under pressure as markets reopen following the Labor Day holiday. However, analysts at Wedbush remain unfazed by the recent selloff, saying their “bullish thesis for the tech sector remains unchanged.” “As we take note of the uncertain economic/jobs data and preparations for the November…
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Safe-haven yen gains, Aussie wobbles as edgy markets face US jobs test By Reuters
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By Kevin Buckland TOKYO (Reuters) – The safe-haven Japanese yen rose on Wednesday while riskier currencies such as the Australian dollar and the British pound fell as traders rushed to take on risk after the worst sell-off in nearly a month on Wall Street and heavy losses in Asian shares.…
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Chart Art: Potential Resistance-Turned-Support Area For Gold (XAU/USD)
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Spot gold appears ready to extend the uptrend with long wicks emerging near the previous resistance area. In case you missed it, risk aversion was the name of the game yesterday as traders fretted over global growth and the possibility that the Federal Reserve would need to cut interest rates…
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Eurostoxx futures -1.2% in early European trading
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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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Nvidia suffers record $279 billion loss in market value as Wall St drops By Reuters
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By Noel Randwick and Susan McGee (Reuters) – Shares of artificial intelligence giant Nvidia Corp (NASDAQ:NVD) plunged 9.5 percent on Tuesday, the deepest one-day drop ever in the market value of a U.S. company, as investors tempered their optimism about artificial intelligence in a broad market sell-off following tepid economic…