Category: wrap
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ForexLive Asia-Pacific FX news wrap: EUR/USD gapped higher (not a huge gap)
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The Chinese President says he is ready to work with Australia European Central Bank President Lagarde speaks on Monday Bitcoin is back above $63,500 China Caixin Manufacturing PMI June 2024 51.8 (FX: 51.2, Previous: 51.7) Australian Special Inflation Survey, June 2024: +0.3% m/m (previously +0.3%) Roaring Kitty sued for securities…
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Forexlive Americas FX news wrap: Benign PCE report collides with tumultuous politics
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Markets: Gold falls $3 to $2,342 US 10-year bond yields rose 9.8 basis points to 4.39% West Texas Intermediate crude fell 19 cents to $80.64. S&P 500 index falls 0.4% Australian Dollar Advances, Yen Lags Friday was the last day of the quarter, and this made drawing conclusions difficult. It…
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ForexLive European FX news wrap: Currencies lightly changed awaiting US PCE
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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 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 or…
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Forexlive Asia-pacific FX news wrap 28 Jun: Presidential debate was a nothing burger
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High Risk Warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or all…
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ForexLive European FX news wrap: USD/JPY tentative above 160 mark
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or all…
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ForexLive European FX news wrap: USD/JPY trades up to highest since 1990
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Titles: Markets: The Australian dollar advances, and the New Zealand dollar lags during the day European stocks fall; S&P 500 futures fell 0.1% US 10-year bond yields rose 4.9 basis points to 4.286%. Gold fell 0.3 percent to $2,310.84 West Texas Intermediate crude rose 0.7% to $81.38. Bitcoin fell 0.9%…
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Stock market wrap: Nvidia ends the day more than 6% lower
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or all…
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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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Asian Stocks Falter as Japan Warns on Yen Moves: Markets Wrap
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Breadcrumb links BMN Business Asian stocks fell, kicking off a week of inflation measures that will help guide bets on the global interest rate outlook. The yen stabilized after Japan’s top currency official stepped up the interventionist tone. Article writer: Bloomberg News Catherine Bosley and Matthew Burgess Posted on June…
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Forexlive Americas FX news wrap 21 Jun: The USD moves higher helped better flash S&P
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The week is coming to an end, as the US dollar is the strongest among the major currencies. The Japanese yen is the weakest. The dollar’s gains today were supported by stronger-than-expected Purchasing Managers’ Index (PMI) data, which saw the services index rise to 55.1 versus 53.7 expected, and manufacturing…
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S&P 500 Churns as ‘Triple Witching’ Jolts Nvidia: Markets Wrap
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(Bloomberg) — The massive expiration of Wall Street options not only left stocks struggling for a clear direction, but also sent one of the bull market’s leaders into a volatile ride. Most read from Bloomberg About $5.5 trillion is expected to expire on Friday during a quarterly episode known as…
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French Political Turmoil Ignites Rush for Havens: Markets Wrap
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(Bloomberg) — Investors sought safe-haven assets as concerns grew about political unrest in France, with European stocks heading for their worst week since October and U.S. stock futures weakening. Most read from Bloomberg The Stoxx 600 index fell by 1.2%, extending its losses since Monday to 2.6%. France’s CAC 40…
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Forexlive Americas FX news wrap: CPI gives and Powell takes
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Markets: Gold rose $3 to $2,319 The yield on US 10-year bonds fell by 7 basis points to 4.33%. West Texas Intermediate crude rose 46 cents to $82.39 The Standard & Poor’s 500 index rose 0.8% to a record high The Australian dollar is advancing, and the dollar is lagging…
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Traders in Wait-and-See Mode Before US CPI, Fed: Markets Wrap
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(Bloomberg) — European stock futures rose while Asian shares fell, as the double whammy of an upcoming U.S. inflation report and a Federal Reserve decision kept traders on edge. Most read from Bloomberg Hong Kong’s stock index fell more than 1%, with auto stocks leading the decline ahead of the…
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European Futures Rise Ahead of Key US Indicators: Markets Wrap
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(Bloomberg) — European stock futures rose as traders eyed U.S. inflation data this week and the Federal Reserve’s monetary policy decision. Most read from Bloomberg Futures on the Euro Stoxx 50 rose 0.2% even as most Asian stocks fell. Treasuries crept higher in Asia, while the Bloomberg dollar gauge advanced…
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Forexlive Americas FX news wrap 7 Jun”: US adds 272K new jobs but unemployment rate rises
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The US jobs report came out stronger, but again there were some ambiguous/less strong elements. Nonfarm Payrolls rose 272K versus estimates of 185K. Private salaries increased by 229,000 compared to 170,000 according to estimates Average hourly earnings increased by 0.4% versus 0.3% expected Average year-over-year earnings increased by 4.1% versus…
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Forexlive Americas FX news wrap 31 May: US PCE doesn’t scare. Yields lower. US down and up
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The big event this week was the core personal consumption expenditures data in the US. The Core Personal Consumption Expenditures Index is the Fed’s preferred measure of inflation. Expectations were for an increase of 0.3%. The actual increase was approximated to 0.2% for the basic measurement. In fact, the unrounded…
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Forexlive Americas FX news wrap 29 May: The USD moves higher with higher yields.
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The US dollar rose supported by higher yields. For the third coupon auction this week, demand was less than ideal. Yesterday was the 2 and 5 year auction. Today was a 7 year note. For the trading week, the 10-year yield did not come close to 15 basis points while…
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Asian Stocks Retreat as Bond Selloff Spreads: Markets Wrap
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(Bloomberg) — Stock and bond trading fell in Asia on Wednesday as traders weighed the impact of a jump in U.S. Treasury yields overnight and comments from the Federal Reserve chairman dampened bets on a Fed rate cut. Most read from Bloomberg The MSCI Asia-Pacific index fell for a second…
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Forexlive Americas FX news wrap 28 May: USD rebounds helped by rising yields &confidence
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US consumer confidence came in much better than expected in the US session. The index moved to 102.00 versus estimates of 95.9 details: The current situation index is 143.1 compared to 142.9 previously Expectations Index 74.6 compared to the previous 66.4 Hard-to-find jobs 13.5 vs. 15.5 previously 16.9% of consumers…