Miners and technology stocks drew the shortest end of the stick, while utilities and healthcare subindexes regained some ground. Tech stocks did not escape the trend and took some amount of strain. Experts attributed this to China’s intention to broaden its ban on the use of iPhones, as government sectors and affiliates distance themselves from…
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In the U.S., however, initial data for the Federal Reserve showed a 3.8% spike in unemployment, with 110,000 fewer jobs created in August in comparison to June and July, despite the U.S. boasting increased job growth and market economy. Alongside Hunt’s announcement, the inflation rate in the eurozone remained at a steady 5.3% average for…
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What Is Trading Psychology? In the financial market, trading psychology refers to studying and understanding the emotional and psychological aspects that influence traders' behaviour, performance, and decision-making. It involves assessing a trader's self-control, cognitive biases, emotions, and mental state. Trading psychology recognises that traders are influenced by various psychological factors that lead to impartial thinking…
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Antreas Themistokleous, an analyst at Exness stated: As of 30/04/2023, the company's current ratio is around 140% showing that the company is able to repay its short-term liabilities with the current assets in hand. Also, what is important to mention is that the debt-to-equity ratio is near all-time low (currently at 16%), indicating that the…
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For the month, both headline and core inflation were steady at 0.2%. This is more encouraging, but again there are pipeline price pressures still in the system. With a potential inflation surge globally possible, a very real risk, given the volatility and recent gains in some energy and food markets of late. It is also…
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Although the dollar has now recovered from a one-week low, the lack of job creation paired with wage gain and a seemingly decreased unemployment suggests that the Federal Reserve may keep interest rates higher for longer. Chief Market Analyst at KCM Trade, Tim Waterer noted that the increase in hourly earnings is a stark reminder…
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This CUSIP Entity Identifier (CEI) is a unique 10-character code for each legal entity with a corporate loan. CUSIP Global Services developed the code in collaboration with the Loan Syndications and Trading Association (LSTA) and Versana, an industry-backed data and technology company. The CEI will provide transparent insights into the underlying legal entities involved in…
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According to currency analyst Luca Santos at ACY Securities, the CPI forecasts predict an inflation decline to 3.25% by the fourth quarter of 2024. A reduction would ensure the decreased inflation target for the further quarter of 2025 is met. Although the change is barely discernible, it implies that the RBA and other financial authorities…
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Market Expects No Further Hikes in 2023 According to the CME’s FedWatch tool, market participants now overwhelmingly expect that the Fed’s hikes for 2023 are over. There is currently a 78% probability of a pause in September, a 65.7% probability of a pause in November, and a 61.4% probability of a pause in December. Interestingly,…
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The focus for the Fed’s press conference on Wednesday night is on whether there’s any hint about a hike in the fourth quarter. Traders mostly expect this to be the last hike of this cycle for the moment, but it’s likely that the consensus will change at least slightly after Jerome Powell’s comments. Friday’s PCE…
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