Category: week
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Forexlive Americas FX news wrap 13 Sep: The stocks close with 5-day streaks.FOMC next week
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The Nasdaq and S&P ended the week with five straight days of gains. As the day and week draw to a close, the Japanese Yen ended the day as the strongest of the major currencies and the New Zealand Dollar was the weakest. The US Dollar ended the day with…
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Goldman Sachs sees a 25 basis point cut from the Fed next week
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Go big or go small? JP Morgan reiterates its call for 50 basis point cut next week.
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Cut or not cut 50 basis points. As the Federal Reserve’s September meeting approaches, JPMorgan reiterated its call for a 50 basis point rate cut, scheduled for Wednesday at 2 p.m. ET. Following Nick Timiraos’s article highlighting the Fed’s predicament, market odds have shifted from 80-20 to a roughly even…
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Dollar looks to settle lower after some back and forth trading this week
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If the Fed wanted to get things in order, the market certainly wouldn’t let it. The odds of a 50bp rate cut had waned after the US CPI report earlier this week, but they resurfaced in trading yesterday. The odds have now risen back to around 45%. There was no…
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Wall Street Journal Fed watcher asks on FOMC rate cut next week – Start small or big?
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Nick Timiraos in magazine (Closed) Writes about the Federal Reserve’s questions about whether it should cut interest rates by the traditional 0.25 percentage point or by a larger 0.5 percentage point at next week’s meeting. He says: Powell kept all his options open. The Fed is concerned about keeping interest…
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Shekel stable after week of heavy losses
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Despite its current weakness, HSBC expects the shekel to strengthen to 3.6 shekels per dollar by the end of 2024 and 3.4 shekels per dollar by the end of 2025. The shekel exchange rate stabilized today against the US dollar and the euro after a week of heavy losses. In…
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Wall Street’s 2 Newest Stock-Split Stocks Are Taking Center Stage This Week
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Despite artificial intelligence Stock splits have been the talk of Wall Street for most of the past two years, and the euphoria surrounding companies executing stock splits has been an equally important catalyst for the stock market in 2024. A stock split is a tool available to publicly traded companies…
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Oil prices up since opening for the week – potential hurricane getting narrative love
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Oil prices up since opening for the week – potential hurricane getting narrative love
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Newsquawk Week Ahead: Highlights include China & US CPI, ECB rate decision, UK GDP
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MondayApple iPhone Event; Japan Revised GDP (Q2), China CPI (Aug), EasySentix (September), US Employment Trends (Aug) Tuesday: US Energy Information Administration report, OPEC August report; Australian business confidence (Aug), German final CPI (Aug), UK unemployment/wage rate (July), Swedish GDP (July), Norwegian CPI (Aug), US non-oil CPI (Aug), China trade balance,…
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3 out of 5 companies miss revenue estimates this week – Earnings Scorecard (NASDAQ:DLTR)
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The S&P 500 (SP500) fell 4.25% during the holiday-shortened week, marking its worst weekly performance since early March 2023. Nonfarm payrolls data showed weaker-than-expected job growth in August and significant downward revisions to figures for June and July. The inflation data raised further concerns about growth and sparked debate among…
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S&P 500 Heads Toward Worst Week Since March 2023: Markets Wrap
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(Bloomberg) — Stocks were headed for their worst weekly decline since March 2023 and bonds retreated after another disappointing labor market report raised concerns that the economy is slowing and the Federal Reserve is moving too slowly to rescue it. Most Read from Bloomberg The S&P 500 fell 1.7% and…
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Global Domination: Cardano (ADA) Whales Swim To Crypto’s Fastest Growing Meme Coin After Another Week of 12% Losses
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Cardano (ADA), once hailed as a potential game-changer in the blockchain space, is facing significant challenges despite its recent technical upgrades. The latest Chang-Upgrade, designed to push Cardano (ADA) toward decentralization, has been successfully implemented. However, the market reaction has been less enthusiastic, with ADA suffering another 12% drop over…
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FX Watch: USD/CHF’s Potential Pullback Levels This NFP Week
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The USD/CHF pair is rapidly approaching a potential resistance area ahead of the closely watched US labor data. Will the pair continue its trend in the coming days? If you missed last week’s FX reading, you should know that the US dollar regained some ground after positive US reports eased…
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FX Watch: USD/CHF’s Potential Pullback Levels This NFP Week
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The USD/CHF pair is rapidly approaching a potential resistance area ahead of the closely watched US labor data. Will the pair continue its trend in the coming days? If you missed last week’s FX reading, you should know that the US dollar regained some ground after positive US reports eased…
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Newsquawk Week Ahead: US NFP & ISMs; BoC, Canada jobs; Australian GDP; Swiss CPI
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Monday:US & Canada Final Manufacturing PMI (Labor Day), Eastern Europe & UK Final Manufacturing PMI (August), China Caixin Final Manufacturing PMI (August) Tuesday: Swiss CPI (Aug), Swiss GDP (Q2), Turkish CPI (Aug), US ISM Manufacturing PMI (Aug), Final Manufacturing PMI (Aug) Get married: Bank of Canada and National Bank of…
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TIA Down 23% In A Week, As Investors Eye On-Chain Projects
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They say journalists never truly wake up. But for Christian, that’s not just a metaphor, it’s a way of life. By day, he navigates the ever-changing currents of the cryptocurrency market, carrying words like a seasoned editor and crafting articles that decode jargon for the masses. When his PC goes…
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European close: The fourth week of gains comes with record highs
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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European close: The fourth week of gains comes with record highs
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Canadian GDP beat for all the wrong reasons. The market sees a chance of 50 bps next week
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On the face of it, Canada’s second-quarter GDP report looked good today at 2.1% annualized compared to 1.6% expected, and easily beating the Bank of Canada’s forecast of 1.5%. But the problem here is that the composition of growth was all wrong. Consumer spending rose at a mere 0.6% annual…