Category: trade
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Kenya eyes Agoa trade deal with United States in October
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Kenya has received assurances that Washington will ratify two crucial trade deals before the US presidential election on November 5, the trade ministry told parliament. US lawmakers will approve the extension of the Africa Growth Opportunity Act (AGOA) and the US-Kenya Strategic Trade and Investment Partnership (STIP) agreement, Chief Secretary…
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Trump’s promised tariffs could spark trade war, inflation, expert warns
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As the 2024 presidential election approaches, the economic policies of the two main candidates, former President Donald Trump and Vice President Kamala Harris, have come into focus. Vice President Harris was recently criticize Because of her promise to fight “price gouging” by corporations if elected, with some prominent figures Economists…
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Unwinding of carry trade roadblock for BoJ hikes but not Fed cuts
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Investing.com – The recent sharp rise in the yen, as a result of the unraveling of the “yen carry trade,” may be a barrier to further increases by the Bank of Japan, but not a barrier to Federal Reserve cuts, Goldman Sachs analysts said. At 07:00 ET (11:00 GMT), the…
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Explainer-What is the Chinese yuan carry trade and how is it different from the yen’s? By Reuters
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Written by Winnie Zhou and Summer Chen SHANGHAI/HONG KONG (Reuters) – A sell-off in global markets triggered by the unwinding of yen-funded carry trades has put the spotlight on China’s yuan, also widely used as a cheap funding currency. Although August saw the yuan rise sharply by 2% against the…
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Carry trade unwind has more room to run By Investing.com
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Goldman Sachs strategists believe the recent pullback in the carry trade involving the Japanese yen (JPY) still has a long way to go, despite the big moves we have already seen. The sharp selloff that began late last week has drawn significant attention to how deep the yen carry trade…
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Trade at Your Own Risk (Tolerance)
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One of the most common discussions about trading is how much risk a trader should take on each trade. Many of them follow the standard 1% to 2% while some of the more aggressive ones sometimes recommend risking up to 5%. What you need to understand is that risk is…
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How you can trade your excess electricity with Kenya Power
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For the first time in Kenya, those who generate power for their own use but also have a connection to the national electricity grid can now sell their excess generation to the entire country through a concept known as net metering. A system that allows consumers who produce their own…
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What is the yen carry trade and why does it matter? By Investing.com
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The so-called “yen carry trade” has been making headlines recently, with many pointing fingers at this investment strategy as the cause of recent turmoil in global markets. Yen trading involves borrowing at near-zero interest rates in Japan and investing the proceeds in higher-yielding markets such as the US dollar, emerging…
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Leveraged funds’ yen net short position shrinks on carry trade unwind By Reuters
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Written by Saqib Iqbal Ahmed NEW YORK (Reuters) – Leveraged funds’ net short positions in the Japanese yen shrank to their smallest net short position since February 2023 in the latest week, data from the U.S. Commodity Futures Trading Commission and the London Stock Exchange showed on Friday. Data through…
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Fed easing bets, carry trade unwind turn analysts bullish on Asian currencies: Reuters poll By Reuters
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Written by Sameer Manikkar (Reuters) – Analysts have become bullish on most major Asian currencies for the first time in more than a year, supported by rising bets on interest rate cuts by the U.S. Federal Reserve and the unwinding of yen-funded carry trades, a Reuters poll showed. A biweekly…
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Three-quarters of global carry trade has been unwound: JPMorgan By Investing.com
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About three-quarters of global carry trades have been removed, JPMorgan strategists said in a note on Wednesday. In its latest report, JPMorgan noted that the risk-reward ratio in global bonds is low due to the upcoming US elections and potential financiers’ re-pricing of low US interest rates. It also noted…
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What cards does China hold in trade dispute with EU? By Investing.com
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Amid the ongoing trade dispute between China and the European Union, analysts at Citigroup said in a note this week that China is strategically preparing for potential retaliation while maintaining a cautious stance. Following the EU’s imposition of temporary tariffs on Chinese electric vehicles on July 4, 2024, China has…
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Why it’s tough to make the ‘hero trade’ here
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Nasdaq Weekly This is a good place to jump into a lot of things. There are plenty of times when strong hands intervene in the market; the economy isn’t that bad, there’s no financial crisis, and companies are still making money. The Fed is lagging behind, but it has more…
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CMA clears three more firms to trade at Nairobi coffee auction
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The Capital Markets Authority has granted full coffee brokerage licenses to three companies, allowing them to trade on the Nairobi Coffee Exchange (NCE). The regulator also granted a six-month extension to a special licence allowing New Kenya Planters Co-operative Union Plc (NKPCU) to trade as a coffee broker. The special…
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BOJ shift gives yen a shake and causes reassessment of popular FX trade By Reuters
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By Alun John and Tom Westbrook LONDON/SINGAPORE (Reuters) – The Bank of Japan’s move to raise interest rates to a 15-year high pushed the yen to its highest level against the dollar since March and left it poised for further gains as investors reassess lucrative carry trades that had previously…
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UAE Residents Can Trade Crypto Directly With Bank Accounts
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Source: cryptodaily Cryptocurrencies have been steadily gaining widespread acceptance, and the UAE is leading the way. Recently, a digital asset custody service provider announced M2 exchange The United Arab Emirates has announced a new and innovative integration that will allow UAE residents to directly trade cryptocurrencies, specifically Bitcoin (BTC) and…
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UAE Residents Can Trade Crypto Directly With Bank Accounts
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Source: cryptodaily Cryptocurrencies have been steadily gaining widespread acceptance, and the UAE is leading the way. Recently, a digital asset custody service provider announced M2 exchange The United Arab Emirates has announced a new and innovative integration that will allow UAE residents to directly trade cryptocurrencies, specifically Bitcoin (BTC) and…
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Russia Legalizes Bitcoin And Crypto for International Trade To Bypass Sanctions
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In a significant legislative move, Russian lawmakers have passed a bill that would allow companies to use Bitcoin and other cryptocurrencies in international trade, according to a report by ReviewersThe development comes as part of Russia’s strategy to circumvent Western sanctions imposed in the wake of its invasion of Ukraine.…
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Russia Legalizes Bitcoin And Crypto for International Trade To Bypass Sanctions
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In a significant legislative move, Russian lawmakers have passed a bill that would allow companies to use Bitcoin and other cryptocurrencies in international trade, according to a report by ReviewersThe development comes as part of Russia’s strategy to circumvent Western sanctions imposed in the wake of its invasion of Ukraine.…
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El Salvador Suggests Crypto Payments For Trade With Russia
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In a bold move to navigate a complex web of global sanctions and financial restrictions, El Salvador has emerged as a pioneer in the world of crypto diplomacy. The Latin American nation, known for its pioneering adoption of Bitcoin as legal tender, has now set its sights on forging a…