Category: Sees
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UBS sees NZD/USD on shaky ground amid economic headwinds By Investing.com
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UBS has expressed caution regarding the New Zealand dollar (NZD), citing a challenging economic outlook and the potential for underperformance against other major currencies. The pair has traded within a range of 0.59 to 0.62 recently, with relatively high interest rates in New Zealand providing some support despite the weakness…
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Goldman sees Indian Rupee as defensive in EM FX carry strategy By Investing.com
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Goldman Sachs has highlighted the Indian Rupee (INR) as one of the standout currencies in the Emerging Markets Forex (EM FX) pool, due to its high carry to volatility ratio. The firm noted that the attractiveness of the Indian rupee is further enhanced when combined with short trades in Euro…
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UBS sees limited EUR/USD breakout potential above 1.10 by 2025 By Investing.com
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UBS has provided a forecast for the currency pair, suggesting that it may test the lower end of the current 1.05-1.10 range in the coming months. The company’s analysts expect the pair to move towards 1.05-1.07 after the euro’s recent rise, as the European Central Bank (ECB) is expected to…
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UBS sees Swiss franc on backfoot, predicts Fed rate cuts By Investing.com
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UBS has released a report analyzing the impact of the unexpected interest rate cut by the Swiss National Bank (SNB) in March on currency markets. The SNB’s early action, before other major central banks, sparked a wave of carry trades, leading to a significant weakness in the value of the…
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BofA sees trend followers likely to sell USD this week By Investing.com
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Bank of America (BofA) has released a report predicting that commodity trading advisors (CTAs), known as trend followers, are expected to sell the US dollar (USD) in large quantities this week. The report notes that these traders are likely to buy the European Euro (EUR), British Pound (GBP), Australian Dollar…
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BofA sees dollar weakness amid negative US data, China optimism By Investing.com
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Bank of America (BofA) highlighted several factors contributing to potential headwinds for the US Dollar (USD). The bank pointed to recent negative surprises in US economic data and growing positive sentiment towards the Chinese economy as key drivers behind the US dollar’s challenges. Furthermore, Bank of America noted the currency’s…
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UBS sees potential for Swedish krona volatility amid rate cuts By Investing.com
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UBS provided an analysis of the Swedish krona’s performance, suggesting a weakening position against the euro since May, with the pair returning to levels seen the previous year, despite the Riksbank’s efforts to support the currency last September. The bank expects the EUR/SEK pair to rise in the near term…
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Analysts sees upside for EUR/GBP amid weak UK retail sales By Investing.com
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Analysts at ING said that the currency pair appears undervalued, after UK retail sales data came in below expectations. The report released today showed a 2.7% year-on-year decline in core retail sales for April, with the underlying figure, excluding motor fuels, down 2.0%. Furthermore, March sales data was revised downward.…
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UBS shifts stance on Swiss franc, now sees it as neutral By Investing.com
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UBS revised its outlook on the Swiss franc, adjusting the currency’s position from “least favourable” to “neutral”. This reassessment comes amid expectations that the US dollar will maintain its strength, with the possibility of intermittent increases in value. However, UBS does not expect a sharp rise or significant decline in…
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UBS maintains key G10 currency views, sees USD strength By Investing.com
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UBS released a report on the current foreign exchange environment, maintaining its key views on the G10 currency and forecasting continued US dollar strength. The company stressed that although the markets are reducing the range of divergence in priced policies, there is no compelling reason to change its expectations. Equities…
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S&P sees slow recovery for Israel
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In a special update on the Israeli economy, international rating agency Standard & Poor’s expressed pessimism about the speed of the post-war recovery that can be expected, despite the jump in GDP announced in the first quarter. “Israel’s first-quarter GDP estimates released by the Central Bureau of Statistics (CBS) on…
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BofA sees further dollar depreciation, expects G10 FX to stay in range By Investing.com
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Bank of America (BofA) analysts on Monday provided insights into the current state of the G10 foreign exchange (FX) markets, citing a general feeling of disappointment among investors over the lack of market volatility. Despite the recent reversal in the US Dollar (USD), the major currency pairs did not move…
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BofA sees potential for further USD selling by CTAs By Investing.com
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Bank of America (BofA) on Monday provided insight into potential actions for commodity trading advisors (CTAs) next week. According to Bank of America, CTAs may continue to sell the US dollar (USD) against most currencies following the trend that emerged after the Consumer Price Index (CPI) report led to dollar…
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Bitcoin Network Sees Lowest New Addresses Created Since 2018
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Bitcoin (BTC) network activity in creating new addresses has dropped significantly, reaching its lowest level since July 2018. Despite this, Bitcoin is trading at around $67,000 after rising more than 7% in the past week. Decreased Bitcoin network activity Data from market intelligence platform IntoTheBlock reveals a 7-day average of…
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Teknova sees modest revenue growth in Q1 2024 By Investing.com
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Teknova (Ticker: TKNO), a provider of clinical and lab solutions, has reported a 2% year-over-year increase in revenue for the first quarter of 2024, marking a solid start to the year. The company’s revenue also showed an 18% sequential improvement from the fourth quarter of 2023. This performance is attributed…
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Crypto expert gives analysis of major altcoins, market sees slight uptick
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According to Alex Kuptsikevich, Senior Market Analyst at FxPro, the cryptocurrency market has been relatively stagnant, showing a decline in market capitalization until today’s rise. Ethereum (ETH) is trading at $2,977.88, up 2.6% over the past 24 hours. Its market value increased by 2.64% to reach more than $357 billion,…
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Honda sees full-year profit rising 2.8% By Reuters
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TOKYO (Reuters) – Japan Honda Motor Co. (NYSE:) forecast a 2.8% increase in operating profit for this fiscal year, after beating analysts’ estimates in the fourth quarter as strong sales growth in the United States offset a decline in China. Full-year operating profit for Japan’s second-largest automaker by volume is…
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EM Asia sees capital outflows in April amid rate jitters, M.East tensions- ANZ By Investing.com
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Investing.com — Emerging markets in Asia, excluding China, saw sharp capital outflows in April, ANZ analysts said in a note, as appetite for risk-driven assets was hit by expectations of delayed US interest rate cuts and geopolitical tensions. Asian stocks outside China saw total portfolio outflows of $5.9 billion in…
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Meme coin mania sees over 138 tokens launched in April
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Meme coins remain a hot cryptocurrency during the second quarter of this year, following incredible runs for popular tokens like Dogwifhat in the first quarter. Blockchain researcher Crypto Coreo male CoinMarketCap acquired over 138 new memecoins launched under the ERC-20 standard last month. While the number has increased more than…
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Grayscale Spot Bitcoin ETF Turns Positive After $17.5 Billion In Outflows, Sees Inflows For The First Time
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In a somewhat shocking development, Bitcoin Gray Box (GBTC) She recorded her first ever stream after watching Large daily flows Since its launch. Grayscale Bitcoin ETF records inflows of more than $60 million Grayscale’s Spot Bitcoin ETF finally broke its 82-day streak of outflows since its launch on January 11,…