Category: today
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Why Intel Stock Surged Today
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Intel Corporation (NASDAQ: INTC) Stocks rose in trading on Monday. Semiconductor CompanyAramex shares ended the session up 6.2%, according to data from S&P Global Market Intelligence. Intel shares rose today on positive coverage from an analyst. The chip giant’s stock price also got a boost from excitement surrounding upcoming processors…
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Stock Market News Today: Markets notch new all-time high after economic data (SP500)
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The Standard & Poor’s 500 index of U.S. stocks on Wall Street on Wednesday hit an all-time daily high, after fresh economic data supported a scenario in which the Federal Reserve will be able to start easing monetary policy. Traders will see a cut session. Ahead of the Independence Day…
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PMI data to highlight the agenda in Europe today
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The US dollar is still doing well on the week, but the majors aren’t really doing much. Only the Japanese yen is seen mostly weak, with USD/JPY currently at 161.60. The pair is up 0.5% on the week so far and is on track for a fourth straight weekly gain.…
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If You’d Invested $1,000 in Starbucks Stock 20 Years Ago, Here’s How Much You’d Have Today
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Twenty years ago Starbucks (NASDAQ: SBUX) He succeeded in building a chain of uniformly familiar cafes. However, the prospect of becoming one of the most prolific food and beverage companies on the planet seemed remote at the time. And now we know that this is exactly what was expected. The…
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Stock market today: Positive momentum in Healthcare, Tech sees a mixed bag
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Stock heatmap from FinViz.com Fri, 28 Jun 2024 13:46:13 GMT Overview of today’s market dynamics The US stock market showed a mixed performance across sectors, with notable gains in healthcare driven by UnitedHealth (UNH) and mixed sentiment in the technology sector. Below is an in-depth look at the sectors, highlighting…
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Why Is The Bitcoin Price Down Today?
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Bitcoin price fell again, after seeing some recovery on Wednesday due to a shift in net spot Bitcoin ETF flows. However, after just one day, the leading cryptocurrency appears to have resumed the downtrend and this post-recovery decline has started a worrying trend. So, what are the factors leading to…
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Why Is The Bitcoin Price Down Today?
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Bitcoin price fell again, after seeing some recovery on Wednesday due to a shift in net spot Bitcoin ETF flows. However, after just one day, the leading cryptocurrency appears to have resumed the downtrend and this post-recovery decline has started a worrying trend. So, what are the factors leading to…
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USDCAD bounces higher today but only to the 50% midpoint of the 2-month trading range
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Heading into the end of the trading week, the US dollar rose against the Canadian dollar after hitting a new low during the previous week on the trading day. On the way to the bottom, the price returned below the 200-bar moving average on the 4-hour chart at 1.3687. It…
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GBPJPY tests the highs from last week after dip today bounced off MA support
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GBPJPY was in an uptrend this week, but turned lower during the European session after weaker than expected preliminary PMI data. The price fell below the 100-hour moving average (blue line on the chart above at 200.77) but found support near the 200-hour moving average and the lower end of…
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PMIs back on the agenda in Europe today
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The dollar continues to remain somewhat resilient during the week, with major currencies not showing much appetite. USD/JPY remains outstanding, with the pair rising to 159.00 – its highest level since Japan’s intervention on April 29. There is nothing stopping traders from dancing to the beat there. In other markets,…
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How has the BOE rates pricing changed after the inflation data today?
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Let’s just do a quick check of things based on current prices: August – 25 basis point rate cut: ~32% (previously ~46%) September – 25 basis points rate cut: ~80% (previously ~88%) Total interest rate cuts for the remainder of 2024: ~44 basis points (previously ~48 basis points) Prospects of…
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UK inflation the main highlight of the agenda today
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The major currencies look somewhat calm, and that is understandable. Today will be a placeholder trading day due to it being a holiday in the US. This makes the week a bit strange, as we have a break in the middle. The dollar remains more mixed overall during the week,…
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Some light releases in Europe as the spotlight turns to US retail sales data later today
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The major currencies saw little changes during the day, with the dollar starting the week with a more mixed performance yesterday. The euro remained steady as political problems eased slightly. But these risks still persist and may come back to affect the single currency, with a focus on the early…
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What are the main events for today?
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Today is likely to be one of those Mondays where price action can swing up and down for no apparent reason due to the lack of catalysts. These days it is generally better to conserve capital and refrain from trading. The only highlights on the agenda include a lot of…
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Ethereum ETF Issuers Must Submit Draft S-1 Forms Today
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According to sources familiar with the matter, the SEC has instructed potential issuers to file amended S-1 forms by Friday, May 31. This follows the approval of 19b-4 forms on May 23, marking a major milestone in the process. Progress on approval of the Ethereum Spot ETF The recent approval…
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US consumer confidence and housing in focus today
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The US is back from vacation today, and this should put the forex market at full capacity after a period of low trading volumes. This means we could see some bigger flow-driven moves today, especially as we approach the end of the month. Volatility can also rise if there is…
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PMI data in focus in European trading today
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The dollar maintains its stability again, after the slight gains it achieved yesterday. USD/JPY is vying for last week’s high at 156.78 while EUR/USD is pulling back towards a test of its 100-day moving average at 1.0814. This comes after the Fed’s meeting minutes were released overnight, which although more…
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The UK CPI report today will be one of the more closely watched ones
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This is one of them, if not debatable the The report is key to settling this debate. Because the next UK CPI report for May will come just one day before the June monetary policy decision. So, what does the backend look like as we head towards the major release…