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Current Analysis: Cementos Pacasmayo (CPAC)
Article By:
Fredrik Arnold
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Sunday, March 24, 2024 9:48 PM EDT
Cementos Pacsmayo SAA is a 75 year old dividend paying Peruvian cement company. The estimated $85.70 annual dividend income from $1k invested is 13.6 times greater than CPAC’s recent $6.30 single share price.
In this article: CPAC
FX Speculators Drop Australian Dollar Bets To New Record Low
Article By:
Zachary Storella
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Sunday, March 24, 2024 6:18 PM EDT
The COT currency market speculator bets were sharply lower this week as just two out of the eleven currency markets we cover had higher positioning while the other nine markets had lower speculator contracts.
Week Ahead: Enthusiasm For The Dollar Rekindled
Article By:
Marc Chandler
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Saturday, March 23, 2024 8:59 AM EDT
Last week will be remembered for several things. First, the Bank of Japan lifted its interest rate target for the first time in 17 years and formally ended its Yield Curve Control and ceased buying ETFs.
Market Hears A Dovish Fed And Sells The Greenback
Article By:
Marc Chandler
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Thursday, March 21, 2024 8:37 AM EDT
The Federal Reserve triggered a dollar sell-off yesterday and follow-through selling was seen in Asia before profit-taking emerged. That created a new dollar selling opportunity in early European turnover.
Brazilian Stock: Rumo SA
Article By:
Andrew Stotz
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Thursday, March 21, 2024 8:00 AM EDT
Rumo S.A. owns and operates rail networks. The Company transports agricultural commodities, chemicals, petrochemicals, construction materials, and electronic goods.
Why Chile Needs The Fed To Start Cutting Pronto
Article By:
ING Economics
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Wednesday, March 20, 2024 5:21 AM EDT
Chile has been off to the races, with big cuts delivered to date. They're far from finished, but should they cut next week, as expected, they will move into the "dodgy zone". This is one where Fed cuts are really needed to justify further easing.
USD/BRL Analysis: Psychological Level Penetrated Higher And Sustained
Article By:
Robert Petrucci
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Tuesday, March 19, 2024 8:35 AM EDT
The USD/BRL powered higher early on Monday and then sustained higher values near the 5.0300 level which were last seen on the 1st of November 2023.
In this article: UUP
Speculation Of A BOJ Move Tomorrow Did Not Stop The Nikkei From Rallying Or Yen From Slipping
Article By:
Marc Chandler
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Monday, March 18, 2024 8:27 AM EDT
The US dollar is trading with a mostly softer bias against the G10 currencies. The notable exceptions are the Japanese yen and Swiss franc.
USD/MXN Analysis: Long-Term Support In Full View As Questions Arise
Article By:
Robert Petrucci
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Monday, March 18, 2024 6:47 AM EDT
The USD/MXN is within sight of long-term support ratios as the currency pair produced intriguing trading again last week and has created questions for speculators.
In this article: UUP
Speculator Extremes: GBP, Peso, Soybeans & Australian Dollar Lead Bullish & Bearish Positions
Article By:
Zachary Storella
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Saturday, March 16, 2024 11:30 PM EDT
This weekly Extreme Positions report highlights the Most Bullish and Most Bearish Positions for the speculator category. Extreme positioning in these markets can foreshadow strong moves in the underlying market.
Mexican Peso Speculator Bets Touching Most Bullish Levels In 4 Years
Article By:
Zachary Storella
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Saturday, March 16, 2024 6:53 PM EDT
The COT currency market speculator bets were slightly higher overall this week as six out of the eleven currency markets we cover had higher positioning and the other five markets had lower speculator contracts.
If China’s Economy Is A Basket Case, What Do We Call Mexico’s?
Article By:
Dean Baker
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Tuesday, March 12, 2024 4:45 PM EDT
There have been lots of reports in the media about China’s economic problems in recent months. Most of these pieces imply that it is facing some imminent disaster.
In this article: GXC
USD/MXN Rebounds To 16.80 As Risk-Off Sentiment Prevails Before US CPI Release
Article By:
Akhtar Faruqui
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Tuesday, March 12, 2024 5:45 AM EDT
USD/MXN halts its losing streak ahead of US Inflation data on Tuesday. Mexican Industrial Production data is expected to show growth in January. US CPI (MoM) is anticipated a slight increase in February.
In this article: UUP
Weekly Commentary: Q4 2023 Z.1: Bubble Confirmation
Article By:
Doug Noland
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Sunday, March 10, 2024 5:47 AM EDT
Covering all you need to know about the world markets for the past week.
WTI Advances On US Product Draws
Article By:
ING Economics
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Thursday, March 7, 2024 4:19 AM EDT
Oil traded stronger with WTI prices moving above US$80/bbl yesterday once again as a sharp drawdown in the product inventories indicated an uptick in the US summer fuel demand. US oil inventories also reported a smaller-than-expected build.