Category: Markets
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Dollar keeps steadier as the week looks to pick up
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Intraday changes are mild but we are seeing some interesting levels impact the USD pairs. EUR/USD is starting to move towards testing levels below 1.0900 with USD/JPY approaching the 150.00 mark. This comes despite risk trading rising further, helped by easing tensions in the Middle East. Daily chart of EUR/USD…
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Asia FX weakens, dollar at over 2-mth high on bets of smaller rate cuts By Investing.com
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Investing.com — Most Asian currencies fell on Tuesday, while the dollar held steady at its highest level in more than two months amid continued bets that the Federal Reserve will cut interest rates at a slower pace. Comments made by Federal Reserve officials have reinforced this idea, especially after recent…
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Daily Broad Market Recap – October 14, 2024
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Market correlations seemed to be all over the place on Monday, as Crude Oil experienced a massive sell-off while US stocks made good gains. What’s up with that?! Read on to see the latest headlines and economic reports driving price action so far: Titles: Chinese Minister of Finance She said…
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BBG: US weighs capping AI chip sales from Nvidia, AMD, other US firms to some countries
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk 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 or…
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China has begun enforcing a tax on overseas investment gains by the country’s ultra-rich
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk 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 or…
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China has begun enforcing a tax on overseas investment gains by the country’s ultra-rich
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk 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 or…
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Asian Stocks Poised to Track US Gains; Oil Drops: Markets Wrap
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Breadcrumb links BMN Business Asian stocks are poised to track another strong performance on Wall Street, with stocks hitting all-time highs. The price of oil fell as concerns about Israel attacking Iranian energy facilities eased. Article writer: Bloomberg News Jason Scott Posted on October 14, 2024 • 4 minutes read…
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US retail sales report later this week could boost the ‘no landing’ case even further
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk 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 or…
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Aggressive Fed easing more like a Christmas wish list rather than the most likely outcome
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Deutsche Bank has a research note showing that easing expectations for the Fed remains too aggressive. About 200 basis points of cuts are priced in, including the 50 basis points we’ve already seen. If the economy is in good shape, a large easing cycle will almost certainly lead to increased…
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Chart Art: Levels to Watch on NFLX After Earnings
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Is Netflix about to continue its bullish climb, or are the bears preparing for a pullback? With NFLX earnings approaching, we are now approaching key technical levels that could pave the way for the next step. Here’s a closer look at the current setup. Netflix (NFLX): 4 hours NFLX: 4…
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S&P index closes at a new record for the 46th time in the year. Dow at a new record
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Over the weekend, the bull market turned two years old, and started the new year with gains again. The S&P closed higher for the 46th time this year. The Dow Jones Industrial Average also closed at a new record high. The Nasdaq is still far from the all-time high it…
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Fed’s Waller. Fed should proceed with more caution on rate cuts than was needed at Sept
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The Fed should proceed with more caution on interest rate cuts than was called for at its September meeting My baseline calls for a gradual rate cut over the next year The policy rate is currently restricted. If the economy continues as expected, policy can be moved to a neutral…
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AUDUSD trades in the middle of close support and close resistance levels
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The AUDUSD pair is trading at 0.6723 and is close to the middle of nearby resistance at the swing zone at 0.6768 and close support at the 100-day moving average, 0.66929, and the swing zone low at 0.6685. The true midpoint of this range is 0.6725. With the price at…
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Senior Israeli security official: Response to Iranian attack will be strong
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk 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 or…
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Senior Israeli security official: Response to Iranian attack will be strong
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk 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 or…
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USDCAD bounces after stronger jobs report on Friday. Trend higher continues. What next?
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USD/CAD bounces higher after some strengthening on Friday following a stronger than expected Canadian jobs report. Technically, the price has moved into the swing zone between 1.3784 and 1.38036 (see red numbered circles on the chart below). That zone goes back to April 2024. The price also moved away from…
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The Earnings calendar this week includes Citi, BofA, J&J, Goldman, United, TSMC & Netflix
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Earnings season kicked off last weekend, led by JP Morgan and Wells Fargo. More financial data will be announced this week along with companies like United, Johnson & Johnson, Taiwan Semi Conductor and Netflix also on the release calendar. Below is a list of some major companies that announce their…
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The Earnings calendar this week includes Citi, BofA, J&J, Goldman, United, TSMC & Netflix
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Earnings season kicked off last weekend, led by JP Morgan and Wells Fargo. More financial data will be announced this week along with companies like United, Johnson & Johnson, Taiwan Semi Conductor and Netflix also on the release calendar. Below is a list of some major companies that announce their…
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Dollar edges higher against major currencies as traders weigh US data By Reuters
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By Chibuike Ojoh and Alun John NEW YORK/LONDON (Reuters) – The US dollar stabilized against major currencies on Friday as markets absorbed a large number of economic data that supported the current monetary policy path of the Federal Reserve (US central bank). The Labor Department reported that its U.S. producer…
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Pound to Dollar Forecast: Will GBP/USD Decline Amid Weak UK Data?
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The Pound to Dollar forecast points to potential weakness in GBP/USD as UK labor and inflation data underwhelm, while the US Dollar remains strong. The post Pound to Dollar Forecast: Will GBP/USD Decline Amid Weak UK Data? first appeared on Investorempires.com.