Category: week
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Market Outlook for the Week of 1st – 5th July
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On Monday, the most important event will be the release of the ISM Manufacturing PMI and ISM Manufacturing Prices for the US. On Tuesday, the euro area will publish preliminary core CPI y/y and preliminary CPI y/y estimates. In addition, ECB President Lagarde and Fed Chair Powell will participate in…
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Newsquawk Week Ahead: French & UK elections, US ISM & NFP, EZ CPI, FOMC Minutes
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Sun: French Parliamentary Election Mon: Canada Day; Japanese Tankan (Q2), Japanese, Chinese Caixin, EZ, UK & US Manufacturing Final PMI (June), German Prelim. CPI (June), US ISM Manufacturing PMI (June) Tue: RBA Minutes (June), Australian & Canadian Manufacturing PMI Final (June), EZ Flash CPI (June), Unemployment Rate (May), US JOLTS…
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Interesting strength for EUR at the start of the week
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Both the Euro and European stocks outperformed their US counterparts yesterday. OAT/Bund spreads showed some calm yesterday, with the spread falling by 4 basis points from 0.76% to 0.72%. With the early French elections approaching on Sunday, markets have already priced in a fair amount of risk premium on the…
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ForexLive European FX news wrap: Yen edgy to start the week
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Titles: Markets: Euro advances, US dollar lags during the day European stocks rise; S&P 500 futures rise 0.1% US 10-year bond yields rose 0.8 basis points to 4.265%. Gold rose 0.2% to $2,325.58 West Texas Intermediate crude rose 0.3% to $80.97 Bitcoin fell 4.9% to $61,023 It’s been a quiet…
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Week Ahead in FX (June 24 – 28): The Fed’s Preferred Inflation Measure & Global Inflation Updates
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Traders await a relatively less busy economic calendar with inflation updates from Japan, Canada and Australia taking the spotlight. Meanwhile, the US core PCE price index, the final GDP reading, and speeches from several FOMC members could encourage volatility between major dollar pairs. Before all that, ICYMI, I wrote a…
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Stock Markets Tapping New Highs Last Week but BTC and ETH Suffer
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The cryptocurrency industry is often described as a high-risk asset class that tends to perform poorly during times of economic uncertainty. Although the stock market also falls into this category, at least to some extent, it has been on a wild run the past few weeks, with multiple new all-time…
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Top cryptocurrencies to watch this week: AVAX, JASMY, BONK
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Bearish forces continued to exert significant selling pressure last week, pushing Bitcoin (BTC) below the critical $65,000 threshold for the first time in over a month. This downturn reverberated throughout the market, leading to long-lasting losses. As a result, the entire market witnessed a massive sell-off, resulting in a $70…
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Newsquawk Week Ahead: Highlights include: US PCE, BoJ SOO, Biden/Trump debate
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Next week June 24-28: Monday: BoJ Viewpoint Summary, German IFO Survey (June), German Import Prices (May) Tuesday: Japan Services PPI (May), Canadian CPI (May), UK GDP (Q1) married: Australian CPI (May), German Consumer Confidence from GfK Thursday: Biden/Trump debate on CNN, Riksbank announcement, ECB announcement, ECB announcement, European Council, Chinese…
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Here’s Why The Dogwifhat Price Crashed Below $2 This Week
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solana meme coin, Dogwifahat (WIF) has crashed. Below $2 this week, it saw double-digit declines as investor interest in the popular meme coin began to wane. Dujoyvat crash 26% the Dujoyvat price Currently trading at $1.8, the meme-themed coin continues to face massive downward pressure from prevailing market volatility. The…
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The Most Important Crypto News This Week (June 15-22)
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This week has been very exciting in terms of developments in the cryptocurrency industry. Below, we take a look at some of the most important cryptocurrency news of the past seven days. Let’s dig deeper. Top cryptocurrency news this week The list is arranged chronologically, starting June 15. Cryptocurrency investments…
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Unison pushes for four-day work week for NHS staff and police
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Unison, the UK’s largest union, is urging the next government to enshrine the right to a four-day working week for all workers, after a vote of support from its members. Representing public service workers, including NHS staff and police, Unison delegates passed a motion calling for legislative action to encourage…
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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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Mortgage rates drop for 3rd consecutive week on expectations of Fed rate cut
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June. November 20, 2024 at 12:17 PM ETXHP, ETP, MPPSPMB, CCM, VMBS, CMBS, LMBS, NAIL, JMBS, HOMZ, MTGP, JHMB, OWNSby: mary christine joy, SA News Editor Donnell shoe Mortgage rates fell for the third straight week on market expectations of future Fed rate cuts, according to a Freddie Mac primary…
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Here’s What At Stake This Week
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As Bitcoin enters a pivotal week, market participants are closely monitoring several key indicators and events that could determine its near-term course. Popular cryptocurrency analyst Ted (@tedtalksmacro) provided an in-depth look analysishighlighting the critical factors at play. Bitcoin Weekly Preview TED’s analysis begins by putting the broader macroeconomic environment in…
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Newsquawk Week Ahead: Highlights include BoE, SNB, US retail sales
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Week Ahead 17-21st June: Mon: PBoC MLF, Chinese Activity Data (May), EZ Wages and Labour Costs (Q1) Tue: RBA Announcement, NBH Announcement, EZ Final CPI (May), German ZEW Survey (Jun), US Retail Sales (May), Japanese Trade Balance (May) Wed: BoC Minutes, BCB Announcement, UK Inflation (May), New Zealand GDP (Q1)…
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The major US indices are trading lower to start Friday. S&P & NASDAQ are higher this week
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US stock markets are open and trading, with major indices lower led by the Dow Jones Industrial Average. During the trading week, the S&P and NASDAQ rose as they extended to all-time highs this week. The Dow Jones Industrial Average is not higher today nor during the trading week. A…
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Election concerns in France give euro worst week in two months By Reuters
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Written by Karen Brettell (Reuters) – The euro is heading towards its biggest weekly decline against the dollar in two months on Friday, amid fears that a new government will worsen the financial situation in France with early parliamentary elections approaching. The yen hit its lowest level in six weeks…
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AUDUSD buyers & sellers had their shot at breaking this week. Both shot and missed.
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AUDUSD started the week by testing the bottom of the swing zone (going back to early May) near 0.6579 and also the 38.2% retracement of the upward move from the April 2024 low to the May high near the same level. Sellers pushed the price below this level early on…
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Tech had all the attention in this quiet earnings week – Earnings Scorecard
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S&P 500 technology companies had a moment this week in a quiet phase of the first-quarter earnings season. Here’s a quick summary of earnings for the week ending June 14. Of the four technology companies that reported, only Oracle (ORCL) missed both earnings per share and revenue. autodesk (ADSC), Broadcom…
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An updated technical look at USDJPY heading into to the weekend and the new trading week
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USDJPY corrected higher since the beginning of the American session, and faced resistance above the 157.40 and 157.464 levels. Buyers turned into sellers against the level. From now on, the swing zone will be nearby resistance not only today but in the new trading week. If it breaks, traders will…