Category: Markets
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Daily Broad Market Recap – August 13, 2024
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Easing producer price pressures in the United States have fueled speculation of a Federal Reserve rate cut and encouraged risk-taking in markets. How did your favorite assets trade on Tuesday? Let’s take a look at the headlines that highlighted it: Headlines: Westpac: Consumer sentiment in Australia The index improved from…
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Market pricing is for an Reserve Bank of New Zealand rate cut at its next meeting too
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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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Australian regulator sues ASX over alleged false statements on CHESS platform progress By Reuters
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Australia’s corporate regulator said on Wednesday it is suing the country’s stock exchange operator ASX Ltd for making “misleading” statements about the timetable for replacing its Clearing House Electronic Subregister System (CHESS) trading platform. The Australian Securities and Investments Commission (ASIC) has alleged that ASX statements claiming that the CHESS…
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Reserve Bank of New Zealand decision due soon. Which will it be, a dovish hold or a cut?
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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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Sotherly Hotels Q2 2024 results show steady growth By Investing.com
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Sotherly Hotels Inc. (NASDAQ:), a well-known hospitality company, has reported its financial results for the second quarter of 2024, revealing a positive trend in revenue per available room (RevPAR) and hotel earnings before interest, taxes, depreciation, and amortization (EBITDA). The company has seen RevPAR growth across several key properties, driven…
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Daily FX Market Review: PPI Data Comes In Soft, Dollar Takes A Hard Dump! ?
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Today, in the United States, the Producer Price Index (PPI) was released and showed an increase of 0.1% In July, which was less than the expected rate of 0.2%. Excluding food and energy, the core PPI remained levelThe core producer price index showed a sharp decline on an annual basis…
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Reserve Bank of New Zealand meet today – BNZ calls for an immediate rate cut
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The Reserve Bank of New Zealand meets at 0200 GMT on Wednesday, which is 2200 EST on Tuesday evening. Previous Previews: RBNZ Monetary Policy Meeting – Reuters poll inconclusive, 19 say hold, 12 say 25bp cut ANZ expects the Reserve Bank of New Zealand to hold interest rates steady next…
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Aimia Inc. ended the second-quarter with $112.8 million in cash By Investing.com
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Aimia Inc. (AIM.TO), a holding company with a focus on long-term investments, has announced its second-quarter 2024 financial results, showing marginal revenue growth and a significant increase in adjusted EBITDA. Aimia ended Q2 with $112.8 million in consolidated cash. The company is reiterating its adjusted guidance for the year, with…
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Dollar edges higher ahead of PPI; sterling rises on wage data By Investing.com
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The U.S. dollar rose in narrow trading ranges on Tuesday, as traders awaited the release of the July producer price index, the first double-digit inflation bill this week, for clues on the Federal Reserve’s future monetary policy decisions. At 05:10 ET (09:10 GMT), the dollar index, which tracks the greenback…
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Atlanta Fed Pres. Bostic: Balance of risks and economy is getting back to level
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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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B. Riley stock extends losses after bank delays quarterly report By Reuters
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Written by Manya Saini, Nikit Nishant and Saeed Azhar (Reuters) – Shares of investment bank B. Riley Financial fell to their lowest level in nearly eight years on Tuesday after the company delayed filing its quarterly report with the Securities and Exchange Commission, adding to concerns about a second-quarter loss.…
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Russian rouble touches 10-month low vs dollar following Kursk attack By Reuters
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MOSCOW (Reuters) – The Russian rouble fell to a 10-month low against the dollar during trading on Tuesday following an unexpected Ukrainian attack a week ago on Russia’s Kursk region but then rebounded to the day’s opening level. By 1500 GMT, the rouble was steady at 90.99 against the dollar,…
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Market surge led by tech giants: Exploring today’s vibrant stock landscape
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Stock Heat Map from FinViz.com Tuesday, August 13, 2024 13:46:05 GMT Today’s Stock Market Overview Today’s trading session saw dynamic performance across sectors, with technology stocks gaining notably. The market heat map reveals strong progress in semiconductors and major technology players, which is fueling positive sentiment among investors. Given the…
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Stocks rise, bond yields drop on soft US PPI data By Reuters
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By Koh Jui Ching and Lawrence White NEW YORK/LONDON (Reuters) – Stocks jumped and bond yields fell on Tuesday after data showed U.S. producer prices rose less than expected in July, reinforcing market expectations that slowing inflation will allow the Federal Reserve to cut interest rates soon. The U.S. Labor…
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Unwinding of carry trade roadblock for BoJ hikes but not Fed cuts
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Investing.com – The recent sharp rise in the yen, as a result of the unraveling of the “yen carry trade,” may be a barrier to further increases by the Bank of Japan, but not a barrier to Federal Reserve cuts, Goldman Sachs analysts said. At 07:00 ET (11:00 GMT), the…
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Chart Art: Long-Term Correction Levels on GBP/CAD
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This GBP pair has been trending higher for some time now and looks ready to test its long-term support area soon. Is the uptrend still our friend in this case? I take a look at these turning points that I am watching on the daily time frame. GBP/CAD Daily Currency…
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The Role of Forex Brokers in Market Liquidity and Price Discovery
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From major financial institutions to individual investors, stock market participants7.5 trillion Daily forex markets rely on specialized brokers to access this vast and complex ecosystem. Forex brokers operate behind the scenes but play a vital role, serving as a crucial channel of communication between ordinary traders around the world and…
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Biora Therapeutics reports progress on BT-600 and BioJet platforms By Investing.com
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Biora Therapeutics has reported significant advancements in its BT-600 program and BioJet platform during its recent earnings call. The company announced successful Phase I clinical trial results for its BT-600 program, utilizing the NaviCap platform for targeted drug delivery to the colon. This approach demonstrated a lower systemic drug level…
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Explainer-What is the Chinese yuan carry trade and how is it different from the yen’s? By Reuters
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Written by Winnie Zhou and Summer Chen SHANGHAI/HONG KONG (Reuters) – A sell-off in global markets triggered by the unwinding of yen-funded carry trades has put the spotlight on China’s yuan, also widely used as a cheap funding currency. Although August saw the yuan rise sharply by 2% against the…
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Chart Art: WTI Crude Oil (USOIL) Aiming for Triangle Resistance
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Crude oil has been on a sharp rise these days, but can it continue its upward trend past this major resistance area? If so, how high can it go? Check out this long term chart pattern on my radar! Crude Oil WTI (USOIL) Daily Chart by TradingView Crude oil has…