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Yen Update: USD/JPY Dips after BoJ Minutes, Concern over Volatile Moves
Yen Update: USD/JPY Dips after BoJ Minutes, Concern over Volatile Moves
Mar 25, 2024
Japanese Yen (USD/JPY) Analysis BoJ minutes extend the ‘carry trade’ as officials rule out rapid rate hikesLike clockwork, Japan’s top currency diplomat voices dissatisfaction with recent yen volatility, weaknessIG Client sentiment ‘mixed’ despite massive short positioningThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education library BoJ...
US Dollar Technical Analysis: EUR/USD & GBP/USD Rebound, USD/JPY Flat
US Dollar Technical Analysis: EUR/USD & GBP/USD Rebound, USD/JPY Flat
Mar 25, 2024
US DOLLAR FORECAST – EUR/USD, GBP/USD, USD/JPY Most Read: US Dollar Forecast: PCE Data to Steal Show; EUR/USD, USD/JPY, GBP/USD Setups The dollar fell slightly on Monday, but losses were moderate and probably contained by rallying U.S. Treasury yields. Many traders decided to take profits after the greenback's strong performance last week, while others avoided taking large directional positions in...
Markets Week Ahead: Gold Overreacts, Sterling Sinks and USD Advances
Markets Week Ahead: Gold Overreacts, Sterling Sinks and USD Advances
Mar 25, 2024
Gold Whipsaws and Signals a Potential Momentum Shift The precious metal rose phenomenally in the wake of the FOMC meeting and updated summary of economic projections. The US dollar acted as the release valve for all the hawkish sentiment that had been priced into the market. US activity, jobs and inflation data printed on the higher side of estimates in...
US Dollar Forecast: PCE Data to Steal Show; EUR/USD, USD/JPY, GBP/USD Setups
US Dollar Forecast: PCE Data to Steal Show; EUR/USD, USD/JPY, GBP/USD Setups
Mar 23, 2024
Most Read: U.S. Dollar Outlook Market Sentiment: USD/JPY, USD/CAD, USD/CHF The U.S. dollar, as measured by the DXY index, strengthened this past week, closing at its best level since mid-February on Friday. Despite initial losses following the Fed’s dismissal of renewed inflation risks and indications that it was still on track for 75 basis points of easing this year, the...
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Japanese shares rally hard after biggest sell-off since 1987 Black Monday crash
Japanese shares rally hard after biggest sell-off since 1987 Black Monday crash
Aug 6, 2024
TOKYO (Reuters) -Japanese stocks rebounded sharply on Tuesday from the previous session's searing sell-off and double-digit losses as Federal Reserve comments and data gave investors pause in their concerns over equity valuations and a possible U.S. recession. The benchmark Nikkei's rally, after the market's biggest single day rout since the 1987 Black Monday crash, came as the yen reversed its...
Analysis-Aftershocks of carry trade at heart of market rout could still have reverberations
Analysis-Aftershocks of carry trade at heart of market rout could still have reverberations
Aug 5, 2024
NEW YORK (Reuters) - Investors said the aftershocks of a massive carry trade that has reverberated through global financial markets wasn't done yet, with more unwinding in the days ahead raising the risk of shake-outs to other assets. The Nasdaq Composite and the S&P 500 trimmed losses by the close on Monday, capping off a brutal three-day selloff while Tokyo...
Euro zone bond yields higher as data soothes US recession worries
Euro zone bond yields higher as data soothes US recession worries
Aug 5, 2024
LONDON, Aug 6 (Reuters) - Germany's 10-year bond yield continued to rise from its seven-month low reached the day before as firmer U.S. data helped ease worries about an imminent recession and Japanese equity markets made a roaring comeback. Germany's 10-year yield was last up 3 basis points (bps) at 2.212%, having touched 2.074% on Monday, its lowest since Jan....
Japan Markets, US Futures Recover After Historic Plunge, Supported Amid Strong Service Sector And Employment Data From Tokyo
Japan Markets, US Futures Recover After Historic Plunge, Supported Amid Strong Service Sector And Employment Data From Tokyo
Aug 5, 2024
The Japanese stock market significantly recovered on Tuesday following a historic plunge, with other Asia-Pacific markets also showing signs of improvement. What Happened: The Nikkei 225 and the broad-based Topix in Japan experienced a gain of nearly 10%. This recovery comes after the previous session, which saw the largest loss since the 1987 Black Monday crash. At the time of...
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Spotlight on Lumen Technologies: Analyzing the Surge in Options Activity
Spotlight on Lumen Technologies: Analyzing the Surge in Options Activity
Aug 20, 2024
Deep-pocketed investors have adopted a bearish approach towards Lumen Technologies ( LUMN ) , and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in LUMN usually suggests something big is about to happen. We gleaned this information...
Faster Computers and Better Algorithms Will Fully Decentralize Blockchains
Faster Computers and Better Algorithms Will Fully Decentralize Blockchains
Aug 20, 2024
Computers are getting much faster and our mathematics skills are getting better too. This combination is starting to reshape blockchains like Ethereum. This will fuel additional scalability as well as leading to much more genuinely decentralized blockchain ecosystems and more powerful smart contracts. Blockchains today already consume enormous compute resources, but they are still much more centralized and fragile than...
Japan's July exports growth lags expectations, volumes fall again
Japan's July exports growth lags expectations, volumes fall again
Aug 20, 2024
TOKYO (Reuters) - Japan's exports rose at a slightly slower pace than expected in July and shipment volumes extended their declines, data showed on Wednesday, adding to some doubts about the outlook for an economy that has only just started to pick up the recovery pace. The outcome follows separate data last week that showed Japan's economy rebounded strongly in...
Japan's July exports growth lags expectations, volumes fall again
Japan's July exports growth lags expectations, volumes fall again
Aug 20, 2024
* July exports +10.3% yr/yr vs forecast +11.4% * Imports rise 16.6% yr/yr in July * Total value boosted by weak yen, outlook dim - economist (Adds economist comments) By Makiko Yamazaki TOKYO, Aug 21 (Reuters) - Japan's exports rose at a slightly slower pace than expected in July and shipment volumes extended their declines, data showed on Wednesday, adding...
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Apple's board recommends shareholders vote against proposal to eliminate diversity programs
Apple's board recommends shareholders vote against proposal to eliminate diversity programs
Jan 11, 2025
Jan 11 (Reuters) - Apple's ( AAPL ) board of directors recommended investors vote against a shareholder proposal to abolish the company's Diversity, Equity, and Inclusion (DEI) programs, according to a proxy filing from the company. The National Center for Public Policy, a conservative think tank, submitted a proposal that the company consider abolishing its Inclusion & Diversity program, policies,...
American Airlines' focus on ESG in 401(k) plan is illegal, US judge rules
American Airlines' focus on ESG in 401(k) plan is illegal, US judge rules
Jan 11, 2025
* Plan should stick to financial factors, judge says * Ruling is among first of its kind * ESG investing facing backlash from conservatives (Adds BlackRock spokesperson, paragraph 5) By Daniel Wiessner Jan 10 (Reuters) - A federal judge in Texas on Friday said American Airlines ( AAL ) violated federal law by basing investment decisions for its employee retirement...
Apple's board recommends shareholders vote against proposal to eliminate diversity programs
Apple's board recommends shareholders vote against proposal to eliminate diversity programs
Jan 11, 2025
(Reuters) - Apple's ( AAPL ) board of directors recommended investors vote against a shareholder proposal to abolish the company's Diversity, Equity, and Inclusion (DEI) programs, according to a proxy filing from the company. The National Center for Public Policy, a conservative think tank, submitted a proposal that the company consider abolishing its Inclusion & Diversity program, policies, department and...
Biden admin delays enforcement of order blocking Nippon Steel, US Steel deal
Biden admin delays enforcement of order blocking Nippon Steel, US Steel deal
Jan 11, 2025
WASHINGTON (Reuters) -The Biden administration will hold off enforcing a requirement laid out in an executive order this month that Nippon Steel ( NISTF ) abandon its $14.9 billion bid for U.S. Steel , the companies said on Saturday. U.S. President Joe Biden blocked Nippon Steel's ( NISTF ) planned acquisition of U.S. Steel on national security grounds on Jan....
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BlackRock Bitcoin ETF Sees Huge $640M Inflow as BTC Topped $73K
BlackRock Bitcoin ETF Sees Huge $640M Inflow as BTC Topped $73K
Nov 3, 2024
The BlackRock iShares Bitcoin Trust (IBIT) recorded a whopping $642.9 million in inflows on Oct. 29, according to Farside data. It is the largest inflow since March 12 bringing the total net inflow for all funds to $870.1 million, the highest since June 4. Bloomberg ETF analyst Eric Balchunas observed that the fund also saw its largest trading volume day...
Bitcoin Price Flirts With a New ATH, Leaving Over $100 Million Shorts Liquidated
Bitcoin Price Flirts With a New ATH, Leaving Over $100 Million Shorts Liquidated
Nov 3, 2024
Bitcoins price seems to be on the verge of achieving a new all-time high in a massive rally leading up to the US Presidential elections. The price managed to get as high as $73,600, which is less than $200 away from a new peak. Source: TradingView This has caused considerable turmoil in the derivatives market, leaving over $110 million worth...
Trump’s Crypto Project Plans to Issue Stablecoin: Report
Trump’s Crypto Project Plans to Issue Stablecoin: Report
Nov 3, 2024
Donald Trump’s latest foray into cryptocurrency, World Liberty Financial (WLF), is said to be preparing to issue its own stablecoin as part of an ambitious expansion plan. The news comes even as the project’s recent sale of its native token, WLFI, has only secured about $14 million from slightly more than 16,000 buyers. WLF Stablecoin in the Works According to...
Huge Shiba Inu (SHIB) Upgrade Imminent: Details
Huge Shiba Inu (SHIB) Upgrade Imminent: Details
Nov 3, 2024
TL;DR Shibarium is set for a new upgrade promising exclusive events, rewards, and enhanced utility for future expansion. SHIB rallied 9.5% daily as meme coins gain momentum, with other top performers including DOGE, WIF, and PEPE. Big Things on the Way Shiba Inus layer-2 blockchain solution Shibarium saw the light of day last summer with the main purpose of fostering...
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