Category: Stronger
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Bitcoin Looks Stronger Compared To Altcoins – Demand Remains Strong As Price Consolidates In A Range
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This article is also available in Spanish. Bitcoin and the entire Crypto market witnessed a set of fluctuations yesterday, as it drowned in concerns about an American trade war before rapid recovery. The price fell more than 9 % in just a few hours, as it reached a decrease at…
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Fed rate cuts outlook: stronger economy means less easing
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Minneapolis Federal Reserve Bank President Neel Kashkari said that the strong economy and high productivity growth may prompt the US central bank to cut interest rates less than previously expected. In his first public comments since he and his colleagues cut interest rates earlier this week, Kashkari noted that it…
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Fed rate cuts outlook: stronger economy means less easing
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Minneapolis Federal Reserve Bank President Neel Kashkari said that the strong economy and high productivity growth may prompt the US central bank to cut interest rates less than previously expected. In his first public comments since he and his colleagues cut interest rates earlier this week, Kashkari noted that it…
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Shekel sharply stronger after attack on Iran
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Boria Finance: The dollar continues to trade in the familiar range of 3.55-3.85 shekels/dollar, but in the long term, the price of the shekel is expected to rise. The shekel was sharply stronger today after a relatively restrained Israeli attack on Iran calmed market concerns about escalation. The Bank of…
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USDCAD bounces after stronger jobs report on Friday. Trend higher continues. What next?
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USD/CAD bounces higher after some strengthening on Friday following a stronger than expected Canadian jobs report. Technically, the price has moved into the swing zone between 1.3784 and 1.38036 (see red numbered circles on the chart below). That zone goes back to April 2024. The price also moved away from…
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USDCAD is snapping back higher after a stronger jobs report. Buyers back in control
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USD/CAD has been trending higher since bottoming on October 2 near 1.3472. Momentum over the past eight trading days has pushed the price to a high of 1.37826. Taking that price to the bottom of the next targeted swing zone between 1.3784 and 1.38036 (back to April 2024 – see…
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USDCHF breaks out. The pair surges outside the “Red Box” after stronger US jobs report
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The US jobs report sent USD/CHF finally out of the bullish and bearish trading range that had mostly confined the pair between 0.8399 and 0.85368. The price was trading near 0.85166 before the report was released, and has now risen to 0.8607. At the top, the price experienced a 61.8%…
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U.S. Q2 2024 GDP Revised Higher Thanks to Stronger Consumer Spending
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The second edition of the US GDP reading has been upgraded to show: Faster expansion of 3.0% in Q2 2024 This is up from the initial figure of 2.8%. This also reflects a significant acceleration in economic growth compared to the first quarter of 2024 GDP of 1.4%. The positive…
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This 11.5%-Yielding Dividend Stock Takes Another Small Step Toward a Stronger Future
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Medical Property Fund (NYSE: MPW) The real estate investment company expanded dramatically when interest rates were low. The real estate investment company took on a large amount of debt to build one of the largest hospital real estate portfolios in the world. This rapid growth allowed the real estate investment…
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This 11.5%-Yielding Dividend Stock Takes Another Small Step Toward a Stronger Future
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Medical Property Fund (NYSE: MPW) The real estate investment company expanded dramatically when interest rates were low. The real estate investment company took on a large amount of debt to build one of the largest hospital real estate portfolios in the world. This rapid growth allowed the real estate investment…
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USDJPY moves back above 159.000 after the stronger S&P global PMI data
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USDJPY rose back to the upside and returned above the 159.00 level after stronger-than-expected flash data for the S&P Global Manufacturing and Services Index. The high price was traded up to 159.206. This brings it to 100 points below the 2024 high of 160.208. The highest level was back in…
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US stocks set to open marginally lower after the stronger US jobs report
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US jobs data came in stronger than expected with Non-Farm Payrolls rising by 272K versus estimates of 185K. The unemployment rate rose to 4.0% as the participation rate declined. US yields rose with the 10-year bond yield rising 12.7 basis points to 4.408%. However, the 10-year bond yield rose to…
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Firm Attacks US Miners, Bitcoin Network Growing Stronger
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Kerrisdale Capital, an investment management firm Launched A scathing attack on the US Bitcoin mining industry, describing it as a haven for “snake oil salesmen” who gobble up investors’ capital and harm the environment. Investment firm attacks Bitcoin, claims mining model is flawed In a post on X, the management…
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U.S. Flash PMIs Signal Stronger Industry Growth in May
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The latest round of manufacturing and services PMI readings from the US economy reflected a faster pace of expansion for both sectors. May Flash Manufacturing PMI: 50.9 (50.0 forecast, 50.0 previous) May Flash Services PMI: 54.8 (expect 51.2, previous reading upgraded from 50.9 to 51.3) The S&P Global Manufacturing PMI…
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Bank of Japan issues stronger warning over yen’s impact on policy By Reuters
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Written by Laika Kihara and Satoshi Sugiyama TOKYO (Reuters) – Bank of Japan Governor Kazuo Ueda said on Wednesday that the central bank may take action on monetary policy if a weaker yen weighs on prices significantly, offering the strongest hint yet that continued declines for the currency could lead…
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GSK raises full-year profit forecast, says first-half will see stronger sales By Reuters
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