Category: Markets
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‘Moana 2’ stars kick off Disney’s D23 fan convention By Reuters
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By Don Chmielewski, Lisa Richwine, and Daniel Broadway ANAHEIM, Calif. (Reuters) – Walt Disney Co., which reclaimed the top spot at the box office this summer with Pixar’s animated “Inside Out 2” and Marvel’s controversial “Deadpool & Wolverine,” opened its D23 fan convention on Friday with a live screening of…
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In a sense, nothing happened in USD/JPY this week
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USD/JPY Weekly What is in the 19 point movement? This is the overall change in the USD/JPY pair on the weekly chart. Of course, this doesn’t tell the whole story, not even close. The pair has collapsed after hitting a 34-year high last month, and was down more than 20…
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Tesla stops taking orders for cheapest Cybertruck, offers $100,000 version now By Reuters
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Written by Abhiroop Roy and Hyunjoo Jin SAN FRANCISCO (Reuters) – Tesla Inc has stopped taking orders for the least expensive version of its Cybertruck, which costs $61,000, while the $100,000 version is available for immediate order and delivery this month, its website showed. Tesla investors and fans are closely…
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Forexlive Americas FX news wrap 9 Aug: A dull Friday ends a volatile week
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It seems like a lifetime ago, but on Monday, markets looked like they were on the brink of a catastrophe. Japan’s Nikkei 225 fell 12.4% on Monday, and analysts were trying to figure out where to place the circuit breakers. There was talk that the Federal Reserve would hold an…
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Leveraged funds’ yen net short position shrinks on carry trade unwind By Reuters
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Written by Saqib Iqbal Ahmed NEW YORK (Reuters) – Leveraged funds’ net short positions in the Japanese yen shrank to their smallest net short position since February 2023 in the latest week, data from the U.S. Commodity Futures Trading Commission and the London Stock Exchange showed on Friday. Data through…
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Global Market Weekly Recap: August 5 – 9, 2024
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Risk sentiment was one of the main driving forces behind price action for most of the week, although there were instances where some asset classes and major currencies deviated from the group. On the other hand, central bank events and high-profile economic updates highlighted divergences in interest rate expectations, spurring…
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In the future you will vote for who can keep the lights on
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These comments from Brookfield CEO Bruce Flatt caught my attention: The next 20 years will be an unprecedented period for electricity generation. The electrification of industrial power, automobiles, home heating and other uses is driving unprecedented growth in electricity demand. Moreover, the world is adding data centers for artificial intelligence…
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Customers Bancorp names veteran Allen Love its chief compliance officer By Reuters
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(Reuters) – Customers Bancorp (NYSE:CBM) on Friday named industry veteran Allen Love as its chief compliance and anti-money laundering officer. The announcement comes a day after the US Federal Reserve imposed enforcement action on the bank, which manages $22 billion in assets, over “significant deficiencies” in its risk management and…
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Key events and releases for next week’s trading
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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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Evolent Health reports revenue growth and strategic acquisitions By Investing.com
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Evolent Health, Inc. (NYSE: NYSE:), a healthcare company that provides an end-to-end value-based care delivery platform, announced in its second-quarter earnings call that it has achieved revenue growth and is on track to meet its profitability targets for 2024. The company also detailed its strategic acquisition of Machinify Technology and…
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Daily Broad Market Recap – August 8, 2024
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Markets have been pricing in recession fears, sending prices of several major assets higher on Thursday. What headlines helped boost market sentiment yesterday? We break them down for you: Headlines: RICS: Scale UK house prices rise It reached -19% in July, which is more negative than the -17% reading in…
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ANZ: USD and GBP outlook for the coming week
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ANZ Bank provides insights into the outlook for the US Dollar and Sterling in the week ahead, focusing on the impact of recent macroeconomic data and positioning trends. Key points: US Dollar Forecast: Macroeconomic stability: Despite market reactions suggesting otherwise, ANZ believes the macroeconomic backdrop in the US is not…
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Goldman Sachs’ fund division to leave climate investor group By Reuters
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By Ian Withers and Simon Jessop LONDON (Reuters) – Goldman Sachs Fund Management is to withdraw from investor outreach group Climate Action 100+, joining other financial services firms that have pulled out amid a political backlash in the United States. Members of global climate-focused coalitions in the United States have…
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4 Levels of Competence in Forex Trading
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In 1969 when my friends and I were enjoying the Beatles song Hi JudeManagement coach Martin Broadwell spoke about:Four levels of teachingTo describe the work that must be done to learn a skill. Broadwell discussed teaching, but his ideas about levels of competence became popular in psychology and self-improvement circles.…
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USDCAD little changed after the Canada jobs report
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The USD/CAD pair was little changed after the Canadian jobs report. Although the employment change fell by -2.8K jobs versus estimates of +22.5, full-time jobs increased by 61.6K jobs. Part-time jobs fell by -64.4K jobs, which offset those gains. The strength in full-time jobs outweighed the declines in part-time jobs.…
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Evercore hires Goldman banker Kamo for private equity dealmaking, sources say By Reuters
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Milan city win NEW YORK (Reuters) – Investment bank Evercore has hired a top Goldman Sachs dealmaker as a senior managing director to help boost its coverage of private equity firms and alternative asset managers, people familiar with the matter said on Friday. David Camus, who was named global head…
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Dollar steady after volatile week; CPI data looms large By Investing.com
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Investing.com – The U.S. dollar was steady on Friday, trading near a one-month high after stronger-than-expected U.S. jobless claims eased fears of an impending recession in the world’s largest economy. At 04:15 ET (09:15 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was…
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Chart Art: Is GBP/USD Ready To Extend Its Trend?
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The US dollar gave up some points against its “riskier” counterparts such as the British pound following the release of US data. Will momentum help extend the months-long uptrend in GBP/USD? Let’s take a closer look at the 4-hour chart: GBP/USD currency pair on 4-hour chart Chart by TradingView In…
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Russell 2000 Technical Analysis – Good jobless claims quell the fears
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Basic Overview The Russell 2000 index rose strongly from yesterday’s lows after the release of strong US jobless claims figures, as the data eased some concerns about the labor market after last Friday’s weak US nonfarm payrolls report. Market expectations for a rate cut have eased slightly but remain very…