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El Salvador’s Bitcoin Position Is Up $72M But President Stays Committed To HODL
Article By:
The Tokenist
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Tuesday, March 5, 2024 4:25 PM EDT
El Salvador's controversial Bitcoin adoption under President Bukele, labeled "dubious" and "dangerous" initially, has yielded $72.5 million unrealized profit.
In this article: BITCOMP
Speculator Extremes: Peso, DowJones, Soybeans & Yen Lead Bullish & Bearish Positions
Article By:
Zachary Storella
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Sunday, March 3, 2024 11:45 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.
March 2024 Monthly
Article By:
Marc Chandler
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Saturday, March 2, 2024 12:40 PM EDT
Rarely are officials able to achieve an economic soft-landing when higher interest rates help cool price pressures without triggering a rise in unemployment or a contraction. Yet, the Federal Reserve's confidence that this will be achieved has risen.
Speculator Extremes: Mexican Peso, GBP, Corn & Soybeans Lead Bullish & Bearish Positions
Article By:
Zachary Storella
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Sunday, February 25, 2024 10:05 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.
Hyundai Motor Will Invest US$1.1 Billion In Brazil By 2032
Article By:
EqualOcean
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Friday, February 23, 2024 4:07 AM EDT
The investment will be shared between Hyundai Motor's Brazilian subsidiary and its local partners, mainly in green and future technologies.
In this article: HYMTF
Currency Chaos: A Look At The Lira, Argentine Peso, And Ruble
Article By:
SchiffGold
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Friday, February 16, 2024 5:09 PM EDT
It’s already looking like it could be a dramatic year for the US dollar, and a good time to check in on a few of the major troubled currencies around the world: the Turkish Lira, Argentine Peso, and Russian Ruble.
In this article: UUP
Japanese Officials Weigh-In And Help Yen Stabilize, While Euro And Sterling Extend Losses
Article By:
Marc Chandler
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Wednesday, February 14, 2024 6:57 AM EDT
The market's reaction to the firmer than expected January CPI seems exaggerated. We do not think it was the game-changer for the Federal Reserve that the market seemed to think.
The Greenback Is In Narrow Ranges To Start The Week
Article By:
Marc Chandler
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Monday, February 12, 2024 7:47 AM EDT
The foreign exchange market is quiet. The Lunar New Year holiday shut most Asian markets. That, coupled with the light news in Europe, have served to keep the dollar in narrow ranges against the G10 currencies.
The Commodities Feed: Oil Trades Softer
Article By:
ING Economics
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Monday, February 12, 2024 7:27 AM EDT
Crude oil has been softer amid some optimism around the Israel-Hamas conflict. Speculators trimmed their net longs last week as supply risks in the Middle East have eased for now.
Will Soft US CPI & Retail Sales Mark End Of Interest Rate Adjustment And Help Cap Greenback?
Article By:
Marc Chandler
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Saturday, February 10, 2024 8:36 AM EDT
The markets are still correcting from the overshoot on rates and the dollar that took place in late 2023. The first Fed rate cut has been pushed out of March and odds of a May move have been pared to the lowest since last November.
Sterling Moves Back Into Previous Trading Range, But Will It Hold?
Article By:
Marc Chandler
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Wednesday, February 7, 2024 7:16 AM EDT
The dollar is trading with a slightly heavier bias as some of its recent gains are pared. Sterling has moved back into the $1.26-$1.28 trading range that dominated since the middle of last December until the start of this week.
Week Ahead: Too Early For Central Banks To Move, And Q4 GDP To Showcase US Economic Resilience
Article By:
Marc Chandler
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Saturday, January 20, 2024 1:40 PM EDT
The preliminary University of Michigan's January survey showed rising consumer confidence and easing of one-year inflation expectations. The flash January PMIs will likely underscore that many large countries are struggling.
Pairs In Focus This Week - Sunday, Jan. 14
Article By:
Christopher Lewis
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Sunday, January 14, 2024 3:00 PM EDT
The euro moved rather choppily over the course of an already noisy trading week, as the 1.10 level continued to offer significant resistance. If it manages to break above that mark, it could open up a move to the 1.1150 level.