Wall Street ended the week on a cautious note as markets dipped, tech stocks faltered, and investors braced for fresh inflation data. Beyond the markets, political and corporate drama dominated headlines from Trump’s unprecedented attempt to oust a Fed governor and a court ruling against his tariffs, to Nvidia’s blockbuster earnings and Elon Musk’s latest […]
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The USD/JPY exchange rate has formed a giant inverse cup-and-handle pattern, along with a bearish flag, as traders await the upcoming Fed and BoJ interest rate decisions. It was trading at 147.65 on Friday, down sharply from its year-high of 161.93. Fed and BoJ decisions The USD/JPY pair will be one of those in the […]
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The cryptocurrency market is having a positive start to the week following the poor performance it recorded last week. The total cryptocurrency market cap has topped $3.5 trillion, up 4% in the last 24 hours. While Bitcoin and Ether are currently in the green, Ripple’s XRP is the best performer in the top 10, up […]
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The iShares Semiconductor ETF (SOXX) and the VanEck Semiconductor ETF (SMH) suffered a harsh reversal this week as top companies in the index shed over $500 billion in value following key earnings. SMH dropped to $352, down from the all-time high of $372, while SOXX fell to $296 from a high of $313. This article […]
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Thursday brought a wave of developments across technology, politics, and markets, with TikTok’s US restructuring gaining presidential backing, Elon Musk’s xAI securing a federal access deal, and the Commerce Department revising second-quarter GDP upward. At the same time, President Trump pledged tariff funds to aid farmers, while US equities closed lower on weakness in Oracle […]
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US stocks edged higher on Friday after the release of closely watched inflation data that met expectations and reinforced bets on further interest rate cuts from the Federal Reserve. The S&P 500 rose 0.2%, the Nasdaq Composite gained slightly, and the Dow Jones Industrial Average advanced 190 points, or 0.4%. The personal consumption expenditures price […]
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The USD/BRL exchange rate remained in a tight range last week as market participants awaited the upcoming Federal Reserve and Brazilian Central Bank (BCB) interest rate decisions, as well as the potential escalation of the US-Brazil trade war. The Brazilian real was trading at 5.5648 against the US dollar, up from this month’s low of […]
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The USD/CAD exchange rate remained in a tight range last week as market participants waited for the upcoming Bank of Canada (BoC) and Federal Reserve interest rate decisions. It was trading at 1.3800, up by 2.30% above its lowest level this year. Federal Reserve interest rate decision The main catalyst for the USD/CAD exchange rate […]
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Big Tech is pouring huge amounts of money into AI right now, and we’re already seeing a mix of quick wins and longer-term bets play out. Take Microsoft, Meta, and Amazon, their spending on AI infrastructure is skyrocketing. Some of that is paying off quickly, especially in cloud services and AI-powered advertising. But overall, they’re […]
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The USD/ZAR exchange rate rose for four consecutive days, reaching its highest level since July 16. It has jumped by 2.35% from its lowest point this month. This article explores what to expect ahead of the Federal Reserve, key macro data, trade deadline, and South African interest rate decision. Federal Reserve decision ahead The first […]
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