FX Weekly Recap: September 23 – 27, 2024
The major currencies saw a lot of action as traders took their cues from central bank updates, China’s new stimulus measures, and closely watched data releases. Source link
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Gold price plummets Friday, still eyes weekly gains over 1%
XAU/USD drops to $2,646 after September inflation data suggests progress toward the Fed’s 2% target. US 10-year Treasury yield falls five basis points, while the US Dollar Index dips by 0.16% to 100.41. Geopolitical risks rise as Israel strikes Lebanon, but Gold fails to gain momentum as traders cash in profits. Gold fell to a…
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NZD/USD Price Analysis: Bulls regain strength, technicals and daily movements signal more gains
The NZD/USD climbed to fresh highs since December. The RSI stands deep in positive area and the MACD shows rising green bars supporting an overall bullish outlook. If the bulls fail to conquer 0.6400, it might trigger a downward correction. On Friday, the NZD/USD pair continued its ascent from Thursday, adding 0.20%, reaching 0.6354 and…
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US Dollar down as markets digest PCE figures from August
US inflation signals are cooling with PCE reading below expectations. Consumer sentiment has rebounded, indicating brighter economic expectations. USD might see additional downside if the markets remain stubborn on November’s 50 bps cut bet. The US Dollar Index (DXY), which measures the value of the USD against a basket of major currencies, stands soft after…
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Forexlive Americas FX news wrap: US PCE inflation cools | Forexlive
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not…
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US equity close: Positive start upended by tech selling | Forexlive
Closing changes in North American equities: S&P 500 -0.1% Nasdaq Comp -0.4% DJIA +0.3% Russell 2000 +0.7% Toronto TSX Comp -0.3% On the week: S&P 500 +0.6% Nasdaq Comp +1.0% DJIA +0.6% US stocks had a strong start and liked the PCE report but the bombing in Beirut along with quarter-end flows added some caution….
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Chewy executive conducted insider trading over pet insurance partnership, SEC says By Reuters – Forex Trader Hub
(Reuters) – A former Chewy (NYSE:) executive will pay $35,275 to settle U.S. Securities and Exchange Commission insider trading charges dating from 2021, the regulator said on Friday. Austin Kauh, who had been Chewy’s director of Treasury, allegedly obtained material nonpublic information about partnership negotiations between Chewy and pet insurance provider Trupanion (NASDAQ:) in 2021….
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Globe Small Cap Research Releases Company Report: SMC’s ChainTrade Platform Poised to Revolutionize Capital Markets’ Data Intelligence
BOCA RATON, Fla., Sept. The post Globe Small Cap Research Releases Company Report: SMC’s ChainTrade Platform Poised to Revolutionize Capital Markets’ Data Intelligence appeared first on ForexTV. Source link
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Market in Review 9/27/2024 – The Concept Trading
MARKET REPORT(Unburdened by what has been) Glasgow Bourse 1876 You were found in clear conditions. But you’re handsome in the Fog. Day in Review: Today:(Kamalanomics: Govt-manipulated data with un-reported historic downward revisions to make the economy look more favorable): DATA:– The Fed’s favorite inflation indicator – Core PCE – rose less than expected on a…
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Dollar weakens after inflation data, Yen surges on Ishiba win By Reuters
By Chuck Mikolajczak NEW YORK (Reuters) -The dollar fell on Friday after a reading of U.S. inflation signaled price pressures continue to ebb, while the yen strengthened against the greenback after Shigeru Ishiba, seen as an interest rate hawk, was set to become Japan’s next prime minister. The U.S. personal consumption expenditures (PCE) price index…
