The outlook for cable pretty much mirrors a lot of what we see in EUR/USD and with the dollar running hot again in the past week, it is hard to fight the momentum when...
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Alibaba does it with TikTok
The latest figures from China were anything but exciting. Tencent even reported a drop in sales compared to the same period last year for the first time. Alibaba shares are trading well below $100 again. After all:...
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What could make life difficult for the DAX in the new week
As surprising as the upswing has been in recent weeks, the coming days could be just as disappointing. Many stockbrokers expect an unstable trembling phase after the break in the short-term DAX uptrend. There may be...
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Key events and releases for the week starting August 22
What key events and releases will be driving the markets next week? Tuesday , August 23 various flash PMI estimates for Europe and UK US/services and manufacturing PMI indices, 9:45 AM ET. Manufacturing PMI...
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All 3 major indices close lower for the week. 1st declines in 5 trading weeks
The week is ending on a soft note. All 3 major indices are closing lower on the day with the NASDAQ down over 2%. The Russell 2000 index of small cap stocks fell by...
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European equities lower at the open
Eurostoxx -0.6% Germany DAX -0.7% France CAC 40 -0.6% UK FTSE -0.3% Spain IBEX -0.3% It’s not a good look for stocks towards the end of the week as we are seeing markets start...
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The bond market starts to make a move
It looks like the bond market is vindicating the move in FX from yesterday as yields are now breaking higher after a couple of weeks of contemplation, with 10-year Treasury yields having furiously knocked...
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Switzerland July trade balance CHF 3.58 billion vs CHF 3.80 billion prior
Prior CHF 3.80 billion; revised to CHF 3.68 billion The Swiss trade surplus shrank a little on the month with both exports and imports declining, as the former dropped by 8.4% in July while...
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Eurostoxx futures -0.1% in early European trading
German DAX futures -0.1% UK FTSE futures -0.1% The overall risk mood remains more tepid after the retreat yesterday, with Wall Street also seeing a mild bounce after the FOMC meeting minutes fade. S&P...
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Sterling does the rise and fall as UK inflation hits 40-year high
The knee-jerk reaction over the past few months has been to equate higher inflation with more aggressive central banks. But amid the recent subtle shifts by the Fed, RBA, and BOE, it is clear...
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