Category: Moves
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Federal Reserve is well poised to be patient on rate moves, Kashkari says
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LD The Federal Reserve is in a good position to monitor economic data and be patient about cutting interest rates, Minneapolis Bank President Neel Kashkari said Sunday. “We need to see more evidence to convince us of that “Inflation is on our way back to 2%,” Kashkari said on CBS’…
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S&P index moves into negative territory
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The S&P has now moved into negative territory and is down -8.28 points or -0.15% at 5413. The low has reached 5412.02 so far. The Nasdaq is holding on to a gain of 24 points, or 0.14%, at 17,632. The Dow Jones Industrial Average is down -265 points, or -0.69%,…
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Revolut Moves HQ to Heart of London’s Financial District amid Big Bank Departures
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Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24…
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AUDUSD is one of the weakest of the major currencies as USD moves higher/commodities lower
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The Australian dollar is one of the weak points among the major currencies (along with the New Zealand dollar). Commodities fell sharply on the back of a stronger dollar/higher interest rates/more stubborn Fed. Technically, the price moved lower to test a range of supports including the 38.2% retracement level at…
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$18 Billion in Crypto Moves to New Risky Re-Staking Platforms
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More than $18 billion worth of cryptocurrency has shifted to a new platform type offering rewards for locking up tokens, a scheme that analysts warn poses significant risks for users and the broader crypto market. The increasing popularity of “re-staking” highlights the rising risk appetite in crypto markets as prices…
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Mt. Gox Bitcoin Moves Will Cause No Immediate Selling Pressure: CryptoQuant
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Analysts from market intelligence platform CryptoQuant say Bitcoin’s (BTC) recent moves through defunct cryptocurrency exchange Mt.Gox are not cause for concern and will not cause any immediate selling pressure on the digital asset. According to the latest weekly news a report From the analytics company, the transfers were carried out…
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Forexlive Americas FX news wrap 29 May: The USD moves higher with higher yields.
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The US dollar rose supported by higher yields. For the third coupon auction this week, demand was less than ideal. Yesterday was the 2 and 5 year auction. Today was a 7 year note. For the trading week, the 10-year yield did not come close to 15 basis points while…
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Japan’s Kanda: Excessive FX moves undesirable. Ready to take action if needed
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Kanda, Japan’s chief currency diplomat, says: Excessive forex movements are undesirable, so need to be monitored. He told the G7 that they must respond appropriately to excessive erratic foreign exchange movements. Japan is ready to take appropriate action in the event of excessive movements in the foreign exchange market I…
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Forexlive Americas FX news wrap 24 May; USD moves higher. Nasdaq &S&P gain for 5th week
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As the week comes to a close, the Canadian dollar ends the day as the strongest among the major currencies. The Swiss franc is the weakest. The US dollar was mostly lower with modest gains against the Japanese yen and Swiss franc. The Canadian dollar rose despite lower-than-expected retail sales…
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USDJPY moves back to 100/200 hour MAs
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USDJPY fell sharply in the Asian session after breaking below the swing zone at 154.778 and 154.878. The decline saw the price move to and through another target area near 153.99 (we call it 154.00). The low price extended down to 153.595 before starting its bounce back higher. This bounce…
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Ethereum Foundation Moves 1,000 ETH
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Ethereum Foundationa non-profit organization that supports the Ethereum ecosystem, recently transferred the A large amount of ETH. Considering what this deal could mean, it has caught the attention of the cryptocurrency community, which has already begun speculating about whether or not the market has reached the top. Ethereum Foundation transfers…
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BOJ’s Ueda signals chance of policy action if yen moves affect inflation By Reuters
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Written by Laika Kihara TOKYO (Reuters) – Bank of Japan Governor Kazuo Ueda said on Wednesday that the central bank may take action on monetary policy if the yen’s movements have a significant impact on inflation, stepping up its warning about the economic fallout from the currency’s recent sharp declines.…
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Japan finance minister Suzuki: Rapid FX moves undesirable
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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 additional risk and loss exposure. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or all…
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Japan warns of action over rapid currency moves By Reuters
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Written by Satoshi Sugiyama and Laika Kihara TOKYO (Reuters) – Japan may have to take action against any disorderly foreign exchange movements due to speculation, the Japanese government’s top currency diplomat Masato Kanda said on Tuesday, strengthening Tokyo’s readiness to intervene again to support the fragile yen. In a sign…
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Wall Street delves into Alibaba’s strategic moves By Investing.com
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Explore the opinions of Wall Street experts with this ProResearch article, which will be available exclusively to InvestingPro subscribers soon. Delve deeper into the financial world with additional reports now available exclusively to Pro subscribers, including in-depth analysis of key players such as Pfizer (NYSE:) (PFE), Shopify (NYSE:) Inc. (SHOP),…
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Japan FM Suzuki: Rapid currency moves are undesirable.USDJPY bounces off KEY support
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Japanese Finance Minister Suzuki speaks over the wire saying: Forex levels should reflect economic fundamentals If currency movements are excessive, we may need to smooth them It is desirable for the foreign exchange market to move steadily, noting that currency market fluctuations are undesirable Rapid currency movements are undesirable because…