Category: recession
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Recession Worries Spark $528 Million Outflow From Crypto Market
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With recent estimates showing $528 million withdrawn from digital asset investment products, cryptocurrency markets are experiencing significant volatility. Growing economic concerns in the US, coupled with geopolitical concerns and large market liquidations, help explain the decline. The outflows reflect a general sense of anxiety among investors as they consider how…
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Recession Worries Spark $528 Million Outflow From Crypto Market
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With recent estimates showing $528 million withdrawn from digital asset investment products, cryptocurrency markets are experiencing significant volatility. Growing economic concerns in the US, coupled with geopolitical concerns and large market liquidations, help explain the decline. The outflows reflect a general sense of anxiety among investors as they consider how…
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Citi recommends defensive stance on Japan amid BOJ uncertainty, recession fears By Investing.com
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Japanese stocks are expected to gradually recover in September and October, analysts at Citigroup said, but they recommended a defensive stance in the market amid uncertainty over the Bank of Japan and the U.S. economy. Japanese stocks have been hit hard by the global meltdown in financial markets this week,…
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Asia FX muted as dollar dips on recession fears; yen surges to near 7-mth high By Investing.com
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Most Asian currencies moved in a narrow range on Monday, taking little advantage of the dollar’s weakness amid growing concerns about slowing economic growth in the United States. The Japanese yen was an outlier, rising sharply on safe-haven demand and as the prospect of a Bank of Japan interest rate…
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Mexican peso pares losses, remains volatile on US recession fears By Reuters
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By Noé Torres and Rodrigo Campos MEXICO CITY/NEW YORK (Reuters) – The Mexican peso touched its weakest level against the U.S. dollar in nearly two years before paring much of its losses as concerns that the U.S. economy could be headed for recession deepened and the peso’s recent weakness as…
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Dollar slumps on recession fears; yen, Swiss franc benefit By Investing.com
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Investing.com – The U.S. dollar fell sharply on Monday amid concerns over U.S. economic growth, with strong demand for the safe-haven Swiss franc and Japanese yen. At 08:45 ET (12:45 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was down 0.9% at 102.100,…
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Stocks shaken by US recession fears, bonds price for rate cuts By Reuters
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By Wayne Cole SYDNEY (Reuters) – Asia’s main stock indexes fell on Monday as growing fears that the United States could be headed for recession sparked a mass risk aversion and expectations that interest rates will have to be cut sharply and quickly to support growth. Investors picked up where…
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More on that Sahm rule US recession trigger – “100% iron clad indicator”
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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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Bitcoin Price Falls To $61K Amid War And Recession Fears
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The ongoing Israeli-Palestinian conflict has emerged as a significant factor influencing the cryptocurrency market crash. Following an airstrike that killed a prominent Hamas leader in the occupied West Bank, tensions have escalated, with both sides engaging in retaliatory actions. The United Nations has reported extensive damage in Gaza, with thousands…
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Bitcoin Price Falls To $61K Amid War And Recession Fears
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The ongoing Israeli-Palestinian conflict has emerged as a significant factor influencing the cryptocurrency market crash. Following an airstrike that killed a prominent Hamas leader in the occupied West Bank, tensions have escalated, with both sides engaging in retaliatory actions. The United Nations has reported extensive damage in Gaza, with thousands…
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Nasdaq on course to confirm correction as recession fears mount By Reuters
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By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks fell for a second straight session on Friday, confirming a slide into correction territory after a weak jobs report raised concerns about an impending recession. Nonfarm payrolls increased by 114,000 jobs last month, the Labor Department said, well below the 175,000…
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Eurozone heading into recession, sell EUR/USD
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Investing.com – The euro performed relatively well in July when measured against the U.S. dollar, but BCA Research sees tough times ahead for the euro zone and advises investors to sell the single currency. At 08:50 ET (12:50 GMT), the pound was trading at 1.0818, down 0.4% on the day…
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What happens after the first rate cut. Recession? Stocks move lower?
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If there’s anyone on CNBC I love, it’s him. Josh Brown From Ritholz Wealth Management. He does his homework. He’s not averse to using technical methods (in fact, he often relies on them). He accepts defeat. He lets his victories go. He’s not perfect, of course, but he makes a…
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Why economist forecasts of a U.S. recession were so wrong
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Breadcrumb links Investor Financial Times Factors that explain why shrinkage does not appear Article writer: Financial Times Edward Yardeni Posted on May 27, 2024 • 3 minutes read You can save this article by registering for free here. Or log in if you have an account. Marriner S. Eccles Federal…