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Euro rebounds ahead of major eurozone data
Euro rebounds ahead of major eurozone data
Oct 27, 2024
The euro rose in European trade on Thursday against a basket of major rivals after a wave of losses across three sessions, with the euro eventually settling above 3-⅕ month lows against the US dollar. It comes ahead of major data on the eurozone sectors later today, which would shed important light on the health of the European economy in...
Yen skids to three-month trough as Japanese governing coalition loses majority
Yen skids to three-month trough as Japanese governing coalition loses majority
Oct 28, 2024
The Japanese yen skidded in Asian trade on Monday to three-month lows against the US dollar, after the election loss by the current Japanese parliamentary governing coalition, which could impede future interest rate hikes by the Bank of Japan. The yen is also pressured by a surge in US 10-year treasury yields, amid speculation about a cautious stance by the...
Yen skids to three-month low as the gap in treasury yields widens
Yen skids to three-month low as the gap in treasury yields widens
Oct 26, 2024
The yen fell in European trade on Wednesday against a basket of major rivals, sharpening the losses for the third straight session against the US dollar and hitting three-month lows amid concerns about a wider US-Japan gap in government treasury yields. Recent bearish remarks from Japanese officials hurt the odds of a third BOJ interest rate hike this year, while...
Aussie skids to 2-1/5 month low as inflation cools
Aussie skids to 2-1/5 month low as inflation cools
Oct 30, 2024
The Australian dollar tumbled in Asian trade on Wednesday to 2-⅕ month lows against the US dollar, sharpening the decline for the fourth straight session after inflation in Australia cooled to three-year lows, reducing the pressure on the Reserve Bank of Australia. The new data boosted the odds of an interest rate cut by the RBA in December, as investors...
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Sector Update: Tech
Sector Update: Tech
Jul 2, 2024
08:46 AM EDT, 07/02/2024 (MT Newswires) -- Technology stocks were declining premarket Tuesday as the Technology Select Sector SPDR Fund (XLK) was down 0.7% and the SPDR S&P Semiconductor ETF (XSD) recently fell by 10%. Versus Systems ( VS ) surged past 68% after the company announced a strategic restructuring and the appointment of Curtis Wolfe as interim chief executive...
Exchange-Traded Funds, Equity Futures Lower Pre-Bell Tuesday Ahead of Powell Speech
Exchange-Traded Funds, Equity Futures Lower Pre-Bell Tuesday Ahead of Powell Speech
Jul 2, 2024
08:25 AM EDT, 07/02/2024 (MT Newswires) -- The broad market exchange-traded fund SPDR S&P 500 ETF Trust ( SPY ) was down 0.5% and the actively traded Invesco QQQ Trust (QQQ) was 0.6% lower in Tuesday's premarket activity, as investors await Federal Reserve Chair Jerome Powell's speech for interest rate guidance. US stock futures were also lower, with S&P 500...
Powell Speech in Focus as US Equity Futures Decline Pre-Bell
Powell Speech in Focus as US Equity Futures Decline Pre-Bell
Jul 2, 2024
08:10 AM EDT, 07/02/2024 (MT Newswires) -- US equity futures were lower Tuesday as traders looked ahead to a speech from Federal Reserve Chair Jerome Powell for insights into the country's economy and inflation. Dow Jones Industrial Average futures fell 0.4%, S&P 500 futures declined 0.5%, and Nasdaq futures were down 0.6%. Powell is scheduled to speak before the European...
Futures slip as megacaps retreat with jobs data, Powell in focus
Futures slip as megacaps retreat with jobs data, Powell in focus
Jul 2, 2024
By Ankika Biswas and Lisa Pauline Mattackal (Reuters) -U.S. stock index futures fell on Tuesday as megacap stocks retreated after a strong session, with additional caution creeping in ahead of jobs opening data and comments from Federal Reserve Chairman Jerome Powell later in the day. Megacap tech stocks Microsoft , Apple and Amazon.com all slipped about 0.4% in premarket trading,...
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Germany's coalition argues over Intel subsidies in new budget dispute
Germany's coalition argues over Intel subsidies in new budget dispute
Sep 16, 2024
BERLIN, Sept 16 (Reuters) - A new budget dispute emerged within Germany's ruling coalition on Monday, with the finance ministry saying funds no longer needed to subsidize Intel's ( INTC ) new chip-making plants should be used to balance the books and the economy ministry pushing back. Berlin had in June agreed subsidies worth nearly 10 billion euros ($11.13 billion)...
German economy minister: Intel decision purely a business one
German economy minister: Intel decision purely a business one
Sep 17, 2024
BERLIN, Sept 17 (Reuters) - German Economy Minister Robert Habeck said the decision by U.S. chipmaker Intel ( INTC ) to pause construction at its plants in eastern Germany for two years was purely a business decision. This is now a purely business decision that has to do with corporate policy, said Habeck on Tuesday, adding that Germany was still...
Evaluating First Solar: Insights From 12 Financial Analysts
Evaluating First Solar: Insights From 12 Financial Analysts
Sep 16, 2024
In the preceding three months, 12 analysts have released ratings for First Solar ( FSLR ) , presenting a wide array of perspectives from bullish to bearish. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total...
Elon Musk And Oracle's Larry Ellison 'Begged' Jensen Huang For Nvidia GPUs At A Dinner: 'Please Take Our Money'
Elon Musk And Oracle's Larry Ellison 'Begged' Jensen Huang For Nvidia GPUs At A Dinner: 'Please Take Our Money'
Sep 17, 2024
Larry Ellison and Elon Musk recently implored Nvidia Corp. ( NVDA ) CEO Jensen Huang for additional GPUs during a dinner at Nobu Palo Alto. What Happened: During a meeting with analysts last week, Ellison, co-founder and CTO of Oracle Corp. ( ORCL ) , revealed that he and Tesla Inc. ( TSLA ) CEO Musk “begged” Huang for more...
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Bitcoin Investors Brace for Impact of ECB, Fed Policy Moves
Bitcoin Investors Brace for Impact of ECB, Fed Policy Moves
Jun 7, 2024
Fridays NFP release will be a pivotal event in shaping market sentiment and determining the near-term trajectory of Bitcoin and other cryptocurrencies, according to Bitfinex analysts. In a statement to CryptoPotato, the macroeconomic dynamics, including the ECBs rate cut and the potential for increased liquidity, add further complexity to the equation, making it crucial for market participants to closely monitor...
EUR/USD IG Client Sentiment: Our data shows traders are now net
EUR/USD IG Client Sentiment: Our data shows traders are now net
Jun 7, 2024
Number of traders net-short has decreased by 24.40% from last week. SYMBOLTRADING BIASNET-LONG%NET-SHORT%CHANGE IN LONGSCHANGE IN SHORTSCHANGE IN OI EUR/USD BEARISH 51.32% 48.68% 13.19% Daily30.59% Weekly -21.65% Daily-24.40% Weekly -6.95% Daily-3.56% Weekly EUR/USD Bearish Data provided by of clients are net long. of clients are net short. Change in Longs Shorts OI Daily 10% -18% -6% Weekly 26% -23% -5%...
Polkadot Can Target $10 Next, but Here’s the Catch (DOT Price Analysis)
Polkadot Can Target $10 Next, but Here’s the Catch (DOT Price Analysis)
Jun 7, 2024
Polkadot faces a significant challenge in reclaiming a decisive resistance region encompassing the $7.5 mark, the 100-day moving average, and critical Fibonacci levels. This resistance range can potentially halt upward pressure in the short term. Technical Analysis By Shayan The Daily Chart A comprehensive daily chart analysis highlights Polkadots prolonged struggle to breach a crucial resistance zone over several weeks....
Celebrity Meme Coins, Binance Coin Bull Run and Bitcoin’s Rally: This Week’s Crypto Recap
Celebrity Meme Coins, Binance Coin Bull Run and Bitcoin’s Rally: This Week’s Crypto Recap
Jun 7, 2024
The past seven days have been very interesting within the cryptocurrency market. The industrys total capitalization increased by around $150 billion on the back of gains made by Bitcoin and many other altcoins. Price action aside, there were interesting developments that are pushing the market forward, so lets dive deeper. First, Bitcoins price has risen more than 5% in the...
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