Category: Markets
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ING sees limited movement in dollar amid bearish consolidation By Investing.com
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Financial experts from ING Bank discussed the current state of the US dollar, noting that it is going through a phase of bearish consolidation and not a major decline. The forecast comes after the dollar has fallen sharply by 5% since the start of July. Market expectations have priced in…
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ING sees limited movement in dollar amid bearish consolidation By Investing.com
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Financial experts from ING Bank discussed the current state of the US dollar, noting that it is going through a phase of bearish consolidation and not a major decline. The forecast comes after the dollar has fallen sharply by 5% since the start of July. Market expectations have priced in…
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Forexlive European FX news wrap 29 Aug – Euro moves lower on soft German inflation figures
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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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Biden administration finalizes solar lands plan, touts permitting progress By Reuters
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The Biden administration said Thursday it has completed a plan to expand solar power on federal lands in 11 Western states, part of a broader push to speed up permitting and construction of large infrastructure projects. The White House wants to speed up approvals for projects ranging from power transmission…
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Dollar edges higher ahead of key data; euro weakens on German inflation By Investing.com
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Investing.com – The U.S. dollar edged higher on Thursday, recovering from recent lows ahead of a series of key economic readings, while the euro retreated. At 04:10 ET (09:10 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was up 0.2% at 101.182, after…
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China’s Xi says committed to stable relationship with US based on win-win cooperation
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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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China’s Xi says committed to stable relationship with US based on win-win cooperation
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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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Tech and media stocks boost European shares By Reuters
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(Reuters) – European shares rose on Thursday, with media and technology stocks boosting the index, resisting a global decline after Nvidia’s quarterly results failed to impress investors. The European index rose 0.2% by 0712 GMT. Media stocks rose 0.5%, led by a 2.3% jump in Universal Music Group (AS:). The…
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Kiwi rises, dollar struggles to stay afloat ahead of US inflation test By Reuters
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Written by Ray Wee SINGAPORE (Reuters) – The New Zealand dollar made strong gains on Thursday following a positive survey of business expectations, while the U.S. dollar failed to sustain its recovery in the run-up to a key U.S. inflation reading at the end of the week. Friday’s release of…
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Kiwi rises, dollar struggles to stay afloat ahead of US inflation test By Reuters
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Written by Ray Wee SINGAPORE (Reuters) – The New Zealand dollar made strong gains on Thursday following a positive survey of business expectations, while the U.S. dollar failed to sustain its recovery in the run-up to a key U.S. inflation reading at the end of the week. Friday’s release of…
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Daily Broad Market Recap – August 28, 2024
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The lack of major data has kept traders focused on overall risk sentiment and positions ahead of this week’s expected data releases. Commodities such as gold and oil continued to decline, while the US dollar gained against most of its peers. Find out what headlines are making waves among major…
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Daily Broad Market Recap – August 28, 2024
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The lack of major data has kept traders focused on overall risk sentiment and positions ahead of this week’s expected data releases. Commodities such as gold and oil continued to decline, while the US dollar gained against most of its peers. Find out what headlines are making waves among major…
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NZDUSD tests close to 0.63 after earlier NZ data
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The New Zealand dollar made another strong move this morning, testing a level close to the psychological 0.63 level. NZDUSD currency pair approaches 0.63 level The New Zealand dollar surprised many after the currency failed to fall following the recent dovish move by the Reserve Bank of New Zealand. I…
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NZDUSD tests close to 0.63 after earlier NZ data
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The New Zealand dollar made another strong move this morning, testing a level close to the psychological 0.63 level. NZDUSD currency pair approaches 0.63 level The New Zealand dollar surprised many after the currency failed to fall following the recent dovish move by the Reserve Bank of New Zealand. I…
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Nations building their own AI models add to Nvidia’s growing chip demand By Reuters
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Written by Archia Bajwa Countries that build artificial intelligence models in their own languages are turning to Nvidia (NASDAQ:NVIDIA) chips, adding to already surging demand as generative AI takes center stage for businesses and governments, a senior executive said Wednesday. Nvidia’s third-quarter forecast for a surge in sales of its…
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Nations building their own AI models add to Nvidia’s growing chip demand By Reuters
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Written by Archia Bajwa Countries that build artificial intelligence models in their own languages are turning to Nvidia (NASDAQ:NVIDIA) chips, adding to already surging demand as generative AI takes center stage for businesses and governments, a senior executive said Wednesday. Nvidia’s third-quarter forecast for a surge in sales of its…
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Chart Art: WTI Crude Oil (USOIL) Aiming for Triangle Support Again?
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The top of the descending triangle has been acting as resistance for crude oil this week, putting the commodity back on track to test the bottom. Will the support continue again? Take a look at the nearby turning points I am watching on the 4-hour chart: Crude Oil WTI (USOIL)…
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Chart Art: WTI Crude Oil (USOIL) Aiming for Triangle Support Again?
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The top of the descending triangle has been acting as resistance for crude oil this week, putting the commodity back on track to test the bottom. Will the support continue again? Take a look at the nearby turning points I am watching on the 4-hour chart: Crude Oil WTI (USOIL)…
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Can gold sellers gather some traction?
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Gold has gone up dramatically. Adam explained a “very simple case for buying gold” in his post here. It makes perfect sense. However, there are times when momentum fades and a corrective move occurs, or the “condition” changes and the market reverses. Technical analysis helps tell this story. Looking at…
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Nvidia fails to impress growth-hungry investors, shares fall By Reuters
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Written by Archia Bajwa (Reuters) – Nvidia Corp’s quarterly outlook on Wednesday failed to meet the lofty expectations of investors who have driven a stunning rally in its shares as they bet billions of dollars on the future of generative artificial intelligence. Shares of the chipmaker fell 6% in after-hours…