Category: Markets
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Asia FX weakens as dollar regains some ground; Aussie buoyed by sticky CPI By Investing.com
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Most Asian currencies fell on Wednesday as the dollar clawed back more recent losses, while the Australian dollar was an outlier as firm inflation data bolstered the case for a hawkish Federal Reserve. However, the US dollar’s recovery was limited, as were losses in regional markets, as traders remained optimistic…
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Australia’s Inflation Cooled To Multi-month Lows But Remained Sticky High In July
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Data from the Australian Bureau of Statistics showed that inflation in Australia rose by 3.5% YoY in Julyslower than the 3.8% increase in June and the lowest since March but higher than the 3.4% rise markets had expected. One reason for the decline may be that the expanded Commonwealth Energy…
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Forexlive Asia-pacific FX news wrap 27 Aug:JPY moves lower helped by BOJ Himino’s comments
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The early Asia-Pacific session saw the Australian dollar emerge as the strongest among the major currencies while the yen was the weakest. Basically, the Australian CPI came in slightly above expectations at 3.5% vs. 3.4%, but the good news is that it appears to be moving lower after peaking at…
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Asia stocks fall with Nvidia earnings on tap; Australia dips on sticky CPI By Investing.com
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Most Asian shares fell on Wednesday as technology-based indexes fell ahead of earnings from market darling Nvidia, while Australian shares fell on weak inflation data. Ongoing concerns about China also kept sentiment towards Asia on edge, after Canada said it would impose steep trade tariffs on the region’s largest economy.…
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Asia stocks fall with Nvidia earnings on tap; Australia dips on sticky CPI By Investing.com
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Most Asian shares fell on Wednesday as technology-based indexes fell ahead of earnings from market darling Nvidia, while Australian shares fell on weak inflation data. Ongoing concerns about China also kept sentiment towards Asia on edge, after Canada said it would impose steep trade tariffs on the region’s largest economy.…
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UBS sees stable EUR/GBP with slight GBP advantage By Investing.com
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UBS Bank indicated on Tuesday a stable outlook for an average With a slight bearish bias for the pair, the stability is attributed to similar monetary policy cycles between the Bank of England and the European Central Bank. UBS noted that the Bank of England’s decision to cut interest rates…
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The selling and trending in the USDCAD continues. What next?
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Last week, the USD/CAD pair fell sharply, and although the downward momentum may have slowed down a bit over the past couple of days and hours, the downtrend is still intact. Trends are fast, directional, and tend to go further than traders expect or believe. As a result, if you…
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UBS sees GBP/CHF range-bound amid central bank moves By Investing.com
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UBS’s latest comments on the currency pair point to a range trading outlook in the near term, with its analysis highlighting the contrasting monetary policies of the Swiss National Bank and the Bank of England. The bank noted that the Swiss National Bank is nearing the end of its interest…
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UBS sees GBP/CHF range-bound amid central bank moves By Investing.com
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UBS’s latest comments on the currency pair point to a range trading outlook in the near term, with its analysis highlighting the contrasting monetary policies of the Swiss National Bank and the Bank of England. The bank noted that the Swiss National Bank is nearing the end of its interest…
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Daily FX Market Review: U.S. Dollar Weakens to New Lows of the Year!
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the US Dollar Index Gold hit a 2024 low last week after dovish comments from Federal Reserve Chairman Jerome Powell prompted global currency markets to expect a more dovish stance from the Fed than previously thought. This has led to continued selling pressure, causing the US dollar to fall to…
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Daily FX Market Review: U.S. Dollar Weakens to New Lows of the Year!
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the US Dollar Index Gold hit a 2024 low last week after dovish comments from Federal Reserve Chairman Jerome Powell prompted global currency markets to expect a more dovish stance from the Fed than previously thought. This has led to continued selling pressure, causing the US dollar to fall to…
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Wall Street climbs as investors focus on Nvidia results By Reuters
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By Noel Randwick (Reuters) – Technology stocks rose on Tuesday in mixed trading ahead of a highly anticipated quarterly report from Nvidia Corp on Wednesday and economic data expected later in the week. The benchmark S&P 500 and Nasdaq swung between gains and losses, with focus on results due Wednesday…
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UBS sees EUR/CHF slipping amid rate cuts By Investing.com
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UBS revised its forecast for the currency pair down slightly to 0.93 in the second half of 2024. The soft landing of the global economy has been good for the euro, but disappointing growth prospects in Europe have limited the pair’s advance. After recovering from a low of 0.92 in…
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US 2-year note auction results 3.874% vs 3.880% WI
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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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US 2-year note auction results 3.874% vs 3.880% WI
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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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US stocks waver ahead of Nvidia results By Investing.com
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U.S. stocks struggled to find direction on Tuesday, amid cautious sentiment as investors awaited results from chipmaker Nvidia Corp. (NASDAQ:) due on Wednesday. By 12:55 p.m. ET (1657 GMT), the benchmark Nikkei average was down 67 points, or 0.2%, up 0.1% and adding 0.1%. Nvidia Earnings in Spotlight; Netflix Gets…
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US stocks waver ahead of Nvidia results By Investing.com
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U.S. stocks struggled to find direction on Tuesday, amid cautious sentiment as investors awaited results from chipmaker Nvidia Corp. (NASDAQ:) due on Wednesday. By 12:55 p.m. ET (1657 GMT), the benchmark Nikkei average was down 67 points, or 0.2%, up 0.1% and adding 0.1%. Nvidia Earnings in Spotlight; Netflix Gets…