Category: Markets
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Time has come to buy dollar, BCA says, ahead of Fed rate-cutting cycle By Investing.com
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Investing.com — The U.S. dollar broke a four-week losing streak on Friday, and some believe it’s time to buy the greenback as the fighting spirit is expected to continue. “We had been recommending a range trading for the dollar index between 101 and 108. The dollar index has recently entered…
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Oil finishes the week sharply lower as the OPEC rumour mill begins
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WTI Weekly West Texas Intermediate crude had a poor end to the week, falling $2.33 to $73.57 on Friday. Oil prices rose sharply at the start of the week and remained in positive territory early today, but retreated when Reuters reported, citing sources, that OPEC still plans to start gradually…
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Oil finishes the week sharply lower as the OPEC rumour mill begins
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WTI Weekly West Texas Intermediate crude had a poor end to the week, falling $2.33 to $73.57 on Friday. Oil prices rose sharply at the start of the week and remained in positive territory early today, but retreated when Reuters reported, citing sources, that OPEC still plans to start gradually…
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US requests trade dispute consultations with Canada over new digital services tax By Reuters
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By David Loder WASHINGTON (Reuters) – The Biden-Harris administration said on Friday the United States has requested consultations to resolve trade disputes with Canada over a new digital services tax, adding that the “discriminatory” tax appears inconsistent with Canada’s obligations under the North American Trade Agreement. The U.S. Trade Representative’s…
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US requests trade dispute consultations with Canada over new digital services tax By Reuters
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By David Loder WASHINGTON (Reuters) – The Biden-Harris administration said on Friday the United States has requested consultations to resolve trade disputes with Canada over a new digital services tax, adding that the “discriminatory” tax appears inconsistent with Canada’s obligations under the North American Trade Agreement. The U.S. Trade Representative’s…
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A drift towards US recession doesn’t have to mean weaker USD
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Investing.com – The U.S. dollar got a boost overnight on stronger-than-expected second-quarter growth data. Even if the U.S. economy heads into recession, that may not mean a weaker dollar, according to MacQuarie. At 07:00 ET (11:00 GMT), the dollar index, which tracks the greenback against a basket of six other…
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U.S. Core PCE Prices Held Steady in July as Consumer Spending Rises
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The latest US economic data suggests that inflation will remain stable in July 2024, while consumer spending will increase, according to figures released today by the Bureau of Economic Analysis (BEA). The core personal consumption expenditures (PCE) price index, a key inflation gauge closely watched by the Federal Reserve, rose…
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US August UMich final consumer sentiment 67.9 vs 68.0 expected
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The initial score was 67.8. It was previously 66.4 Current conditions 61.3 vs. 60.9 in initial test (62.7 in previous test) Expectations 72.1 vs 72.1 in the preliminary test (68.8 in the previous test) Inflation over one year 2.8% vs. 2.9% initially Inflation over 5 years 3.0% vs. 3.0% initially…
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Further pressure on the US dollar is likely: UBS By Investing.com
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The US dollar is expected to face increasing downward pressure in the coming months, despite recent support from stronger-than-expected economic data. According to analysts at UBS, the outlook for the US dollar remains bearish, driven by a combination of narrowing interest rate differentials, concerns about the widening US fiscal deficit,…
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5 Common Trading Biases You Might Be Unaware Of
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Trading biases can severely impact our ability to read the markets objectively and make good trading decisions. The first step to overcoming these biases is to become fully aware of them. Here are five of the most common biases in Forex trading. What biases are you committing? 1. Recency bias…
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ECB Muller says confidence growth in Sep cut but after that is less certain
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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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Titan Machinery Inc. reports Q2 fiscal 2025 results By Investing.com
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Titan Machinery Inc. (NASDAQ: NASDAQ:) disclosed its financial results for the second quarter of fiscal 2025, revealing a net loss amid challenging market conditions. The company, which operates in the agricultural and construction industries, is grappling with lower demand due to decreased net farm income and increased interest rates. To…
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Titan Machinery Inc. reports Q2 fiscal 2025 results By Investing.com
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Titan Machinery Inc. (NASDAQ: NASDAQ:) disclosed its financial results for the second quarter of fiscal 2025, revealing a net loss amid challenging market conditions. The company, which operates in the agricultural and construction industries, is grappling with lower demand due to decreased net farm income and increased interest rates. To…
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Why US election should be dollar positive: Citi By Investing.com
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Citi strategists on Thursday reiterated their view that the US election is “positive for the US dollar”, while acknowledging other factors that could influence the coming months, such as Federal Reserve policy, recession risks and global economic conditions. According to Citi, trade and tariff policies are expected to be the…
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Why US election should be dollar positive: Citi By Investing.com
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Citi strategists on Thursday reiterated their view that the US election is “positive for the US dollar”, while acknowledging other factors that could influence the coming months, such as Federal Reserve policy, recession risks and global economic conditions. According to Citi, trade and tariff policies are expected to be the…
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Dogecoin, Binance Coin whales turn to Intel Markets
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Disclosure: This article does not constitute investment advice. The content and materials on this page are for educational purposes only. Dogecoin and Binance Coin whales are turning their attention to Intel Markets following a recent audit by Cyberscope. Recently, the new Intel Markets project has managed to attract some big…
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Daily Broad Market Recap – August 29, 2024
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Financial markets have been eagerly awaiting the release of the preliminary US GDP data for most of the day, and the numbers did not disappoint! Upgrades to growth and inflation figures were announced, sparking risk-on flows and some gains for Treasury yields and the dollar as well. Read on for…
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ECB’s Schnabel urges caution and emphasizes data-driven policy
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ECB chief: Incoming data broadly confirmed underlying expectations. Schnabel, President of the European Central Bank: Trust does not mean knowledge. History will judge not our intentions but our success in fulfilling our commitments. ECB President Schnabel: The closer interest rates get to the upper band of the neutral interest rate…
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Taiwan stocks higher at close of trade; Taiwan Weighted up 0.84% By Investing.com
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Investing.com – Taiwan stocks were higher after the close on Friday, as gains in the industrials and services sectors led shares higher. At the close in Taiwan, the index was up 0.84%. The session’s top performers on the S&P 500 were Lung Hwa Electronics Co Ltd (TW:), which rose 9.99%,…