Category: Markets
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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…
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Longer-term downtrend intact By Investing.com
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The exchange rate, after falling sharply from 162 in early July to 141.7 in early August, has recently stabilized within a range of 143.5 to 149.5. In a note to clients on Wednesday, UBS analysts said: “We believe this range is likely to persist over the next three months, for…
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Longer-term downtrend intact By Investing.com
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The exchange rate, after falling sharply from 162 in early July to 141.7 in early August, has recently stabilized within a range of 143.5 to 149.5. In a note to clients on Wednesday, UBS analysts said: “We believe this range is likely to persist over the next three months, for…
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NVIDIA earnings call LIVE | Forexlive
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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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Nutanix shares surge 12% on strong earnings beat and outlook By Investing.com
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San Jose, California – Nutanix Company Microsoft (NASDAQ:MSFT) shares rose 12.45% in after-hours trading Wednesday after the hybrid cloud computing company reported fourth-quarter financial results that beat analysts’ expectations and offered an upbeat outlook for fiscal 2025. The company reported adjusted earnings per share of $0.34, beating the consensus estimate…
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Buy AUD/NZD on ligher positioning, hawkish RBA
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Investing.com – Foreign exchange traders should consider buying the Australian dollar against the New Zealand dollar, according to Bank of America Securities, citing diverging interest rate outlooks. At 07:45 ET (11:45 GMT), the pound was trading 0.1% lower at 1.0869, having fallen about 1% in the past week and about…
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BOJ maintains rate hike outlook despite yen surge — MUFG
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USDJPY Daily Mitsubishi UFJ Financial Group highlights that the Bank of Japan continues to signal a potential rate hike despite the recent strength of the yen, as higher yields are expected to limit appetite for selling the yen. Key points: Bank of Japan’s position: The Bank of Japan did not…
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BOJ maintains rate hike outlook despite yen surge — MUFG
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USDJPY Daily Mitsubishi UFJ Financial Group highlights that the Bank of Japan continues to signal a potential rate hike despite the recent strength of the yen, as higher yields are expected to limit appetite for selling the yen. Key points: Bank of Japan’s position: The Bank of Japan did not…
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Regional elections risks may impact EUR, warns Citi By Investing.com
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Citi has highlighted the potential for increased political risk in Europe as German regional elections begin on September 1. According to the Citi Economics Europe report, the elections could lead to major shifts in regional politics, potentially destabilizing the national coalition, changing national fiscal policies, and reorienting Germany’s policies within…
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The next big debate is how low US interest rates will go
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Here is a useful chart from Apollo showing the rates applied in the US and Eurozone overnight. The dotted lines show market-derived expectations, while the solid lines show some valuable historical context. We know that US interest rates will be cut in September and will continue to fall from there.…
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Super Micro delays annual filing to review internal controls, shares fall By Reuters
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(Reuters) – Super Micro Computer Inc (NASDAQ:SMIC) on Wednesday delayed filing its annual report and said it needed more time to evaluate the “effectiveness of internal controls” over its financial reporting, sending shares of the artificial intelligence server maker down 21%. The move comes a day after Hindenburg Research revealed…
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Citi sees limited upside for USD/JPY, expects rebound before dip By Investing.com
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Citi provided commentary on the currency pair, drawing parallels with historical currency movements and forecasting potential future trends. The financial services firm noted that while the USD/JPY uptrend has been more restrained than initially anticipated, the pair is unlikely to fall below 140 JPY/USD until next year. Citi expects a…
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The basis trade remains an accident waiting to happen
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There is more than one option for the Fed. Earlier this month, I wrote about what saved the stock market. It’s also what supports the real economy, and it’s what 99% of financial commentary is about, especially recently. What worries me is the other thing: the call for the Fed…
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Kohl’s beats earnings estimates, raises EPS guidance; shares rise By Investing.com
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Kohl’s (NYSE:) reported better-than-expected second-quarter earnings on Thursday, despite a drop in sales, and raised its full-year earnings outlook. The retailer’s shares rose more than 3% on the news. The department store chain reported adjusted earnings per share of $0.59 for the quarter ended Aug. 3, 2024, beating analysts’ estimates…
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Dollar wallows near year-low as traders seek clues on Fed cuts By Reuters
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By Brigid Riley (Reuters) – The dollar held near its lowest in more than a year against a basket of currencies on Wednesday, while sterling traded near multi-year highs, as markets focused on signs of the size of a widely expected U.S. interest rate cut next month. Cryptocurrency Bitcoin grabbed…
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Daily Broad Market Recap – August 27, 2024
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No data? No problem! With not much significant data scheduled to be released, traders turned to market themes yesterday and priced in their biases for the upcoming reports due later this week. How did you trade your favorite assets anyway? Headlines: Bank of Japan Core CPI Growth slowed from 2.1%…
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Nvidia Countdown Keeps Stocks in Narrow Ranges: Markets Wrap
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(Bloomberg) — Markets are eagerly awaiting Nvidia Corp.’s results, with U.S. stock futures little changed and shares trading in tight ranges from Asia to Europe. Most Read from Bloomberg The world’s most influential stock is expected to set the tone for risk assets when it reports results after the U.S.…
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Eurozone Money M3 annual growth 2.3 vs 2.7% expected
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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…