Russian rouble dives to over 2-week lows as tax period ends

Russian rouble dives to over 2-week lows as tax period ends

MOSCOW (Reuters) -The Russian rouble gave up early gains on Thursday to plunge to over two-week lows in volatile trade, pressured by the end of a favourable tax period and by expectations the government may try to curb the currency’s recent strengthening. Thursday marks the deadline for income tax payments that help support the rouble. This could see exporters cut back on selling their foreign currency earnings, although Russia’s…

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Euro Gains Against Dollar as Fresh Eurozone Economic Data Looms

Euro Gains Against Dollar as Fresh Eurozone Economic Data Looms

By Scott Kanowsky The euro inched higher against the dollar on Friday, with investors weighing key European economic data as well as the implications of contracting U.S. growth and Federal Reserve interest rate hikes. At 02:52 EST (0652 GMT), the EUR/USD was trading up by 0.40% at $1.0237. The spotlight today will fall on the Eurozone gross domestic product figures for the second quarter. Economists are calling for GDP to rise 0.2% during…

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Dollar slides as mixed U.S. data highlights uncertain path

Dollar slides as mixed U.S. data highlights uncertain path

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar dropped to a three-week low in choppy trading on Friday, as investor concerns about recession outweighed inflation worries, for now, amid a mixed batch of economic data. There was also a lot of month-end position-squaring, analysts said. Earlier, U.S. economic numbers showed that inflation continued its red-hot rise in June, keeping the Federal Reserve on track to raise interest rates…

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Bitcoin rises 3.4% to $24,584; up 39.7% from year low in June

Bitcoin rises 3.4% to $24,584; up 39.7% from year low in June

(Reuters) – Bitcoin rose 3.36% to $24,584.24 at 1707 GMT on Saturday, adding $798.93 to its previous close. Bitcoin, the world’s biggest, best-known cryptocurrency, is up 39.7% from the year’s low of $17,592.78, hit on June 18. Ether, the coin linked to the ethereum blockchain network,rose 0.61 % to $1,734.08 on Saturday, adding $10.46 to its previous close. Investing

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Canadian dollar to strengthen as BoC moves ‘aggressively’ on rate hikes – Reuters poll

Canadian dollar to strengthen as BoC moves 'aggressively' on rate hikes - Reuters poll

TORONTO (Reuters) – The Canadian dollar will gain ground over the coming year as high commodity prices bolster Canada’s economic outlook and the Bank of Canada likely continues to raise interest rates aggressively, a Reuters poll showed. The loonie is the only G10 currency to keep pace with the U.S. dollar, a magnet for safe-haven flows, in 2022. The median forecast in the poll was for Canada’s currency to strengthen 0.4%…

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Speculators cut net long bets on U.S. dollar -CFTC, Reuters

Speculators cut net long bets on U.S. dollar -CFTC, Reuters

NEW YORK (Reuters) -Speculators’ net long bets on the U.S. dollar fell to a five-week low, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday. The value of the net long dollar position was $14.71 billion for the week ended May 31. Last week, speculators’ net long position stood at $17.65 billion. U.S. dollar positioning was derived from net contracts of International Monetary…

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Indian billionaires face off in race to solar domination

Indian billionaire Gautam Adani speaks during an interview with Reuters at his office in the western Indian city of Ahmedabad

By Sudarshan Varadhan and Nidhi Verma CHENNAI (Reuters) – Indian tycoon Mukesh Ambani’s $10 billion entry into renewable energy could drive solar tariffs further to the ground and ignite bidding wars with fellow billionaire Gautam Adani, industry analysts say. India’s two richest men are vying to be at the forefront of Prime Minister Narendra Modi’s ambition to ramp up green energy capacity in the world’s second-most populous country more…

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Trading is as simple as 1-2-3 – Forex Trading system

priceactionscalping-forex-ea-trading-system-simple-method

When price is above an open, it is up. Conversely, when price is below an open, it is down. It is a good idea not to short when price is up and not to buy when price is down. Naturally, most traders look for reversals but are impatient and trigger happy thus buying when they should be selling and vice-versa. A sell below the H1 open of the bar…

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Wall St gains at open as higher oil drives energy stocks

The front facade of the NYSE is seen in New York

(Reuters) – Wall Street’s main indexes opened higher on Monday as higher oil prices lifted energy stocks, while investors geared up for key inflation readings later this week. The Dow Jones Industrial Average rose 46.0 points, or 0.13%, at the open to 34253.87. The S&P 500 rose 14.3 points, or 0.34%, at the open to 4170.16​, while the Nasdaq Composite rose 86.2 points, or 0.64%, to 13557.212 at the opening bell.

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