July 2024 – Finance Markets News

A technical look at each of the major currency pairs heading into the new trading week

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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Oil markets awaiting the results of Venezuela’s presidential election

News

Venezuela’s presidential election results are not yet known. Polls began to close on Sunday. The contest is Nicolás Maduro’s facing off with opposition candidate Edmundo González. González has been leading in the polls, but in echoes of what we have heard another presidential election, Maduro says a big electoral victory is necessary to avoid “a

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Fed’s key inflation gauge rose 2.5% in June from a year ago, easing path to rate cut

Economy

An important gauge for the Federal Reserve showed inflation eased slightly from a year ago in June, helping to open the way for a widely anticipated September interest rate cut. The personal consumption expenditures price index increased 0.1% on the month and was up 2.5% from a year ago, in line with Dow Jones estimates,

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Dexcom shares plunge more than 40% for worst day on record

Finance

Kevin Sayer, CEO, Dexcom Scott Mlyn | CNBC Dexcom shares sank more than 40% on Friday and headed for their worst day ever after the diabetes management company reported disappointing revenue for the second quarter and offered weak guidance. The stock fell $45.38 to $62.47 as of early afternoon, wiping out about $18 billion in

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Custom duty reduction impact: How gold prices may perform in near future

News

Domestic gold prices plunged drastically following a sharp cut in import duties in the latest Union budget. Gold prices were hovering above Rs 74,000 per ten grams in the futures market earlier this week but shed to Rs 67,400 later, the lowest level seen since the end of March. A drop in overseas prices further

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Multiple Themes Play Out in Turbulent Week, Yield Curve De-Inversion Most Significant

News

It was a highly volatile week which cannot be characterized by a single theme. Yen had a sharp and robust rally against all major currencies, continuing its rebound from the 38-year lows hit earlier this month, with market participants unwinding their long-held short positions. Alongside Yen, Swiss Franc and Dollar also emerged as winners, although

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