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Tuesday's Surge In The British Pound Doesn't Equate A Long-Lasting Rebound
Wednesday, January 18, 2017 - 1:34pm | 357Read More...The British pound posted its best single-day performance in nearly a decade on Tuesday after Prime Minister Theresa May eased some Brexit-related concerns in a speech. Heading into Tuesday's speech, the British pound was trading below $1.20 and was approaching its post-Brexit lows of $1.184. May's...
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Not Yet Official, But Stocks On Track For Best Year Since 2013
Friday, December 30, 2016 - 9:26am | 485Read More...Friday marks the final trading session of the year and assuming volatility doesn't strike the market, stocks will close 2016 on an encouraging note. According to a Bloomberg report, global stocks will close out this volatile year with the largest gains since 2013 even though some regions...
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Asian Markets Tumble To Near 2-Month Lows As European Markets Jump Higher
Tuesday, May 24, 2016 - 8:33am | 458Read More...Asian stocks tumbled to near 2-1/2-month lows as investors continue to re-asses the suitability of investments in the region given the likelihood of a U.S. interest rate hike next month. The U.S. dollar index rose slightly to 95.33, within striking distance of Thursday's peak of 95.520 -...
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Investment Pro: Here Are The '4 Cs' Driving The Market
Thursday, May 12, 2016 - 1:43pm | 286Read More...Doug Cote is an investment manager at Voya Investment Management. He was a recent guest on CNBC's Thursday edition of "Squawk Box" to discuss what he describes as the "4 Cs" currently driving the market. According to Cote, the four Cs are commodities, currencies, central banks and corporate...
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Asian Markets, Led By Japan's Nikkei Index, Surge Higher As Europe Follows Suit
Tuesday, April 19, 2016 - 7:17am | 226Read More...Asian equities were mostly higher during Tuesday's trading session, led by a 3.68 percent gain in Japan's Nikkei index. Hong Kong's Hang Seng index gained 1.26 percent, Australia's ASX index gained 0.96 percent, India's Mumbai Sensex index gained 0.74 percent and China's...
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2016 First Quarter In Review: Roller-Coaster Stock Run, Dollar Loses Ground
Thursday, March 31, 2016 - 9:34am | 259Read More...Thursday marks the end of the first quarter of 2016, and it has certainly been eventful. The S&P 500 index is higher by around 1 percent since the start of the new year, while the Dow Jones index is higher by more than 1.50 percent. However, the NASDAQ Composite index is lower by nearly 3...
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British Pound Is The 'Most Overvalued Currency In The World,' Analysts Argue
Monday, December 28, 2015 - 1:48pm | 226Read More...According to a research report by The Telegraph, the British Pound is considered to be the "most overvalued currency in the world." The Telegraph, quoting analysts at Deutsche Bank, reported that the Bank of England may not be able to raise its key interest rates in the coming year...
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Dennis Gartman Discusses Commodity-Linked Currencies, China's 'Vehemently Pro-Capitalism' Policies
Wednesday, September 9, 2015 - 3:31pm | 394Read More...Dennis Gartman publishes a daily publication called "The Gartman Letter" where he offers his latest opinion and analysis. On Wednesday, the investment pro discussed why it should be concerning that commodity-linked currencies are rising. At the time of publication, the Canadian dollar, among...
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Best And Worst ETFs Of The Week Amid Strong Jobs Report
Friday, March 6, 2015 - 4:39pm | 458Read More...Friday’s jobs report indicated a better-than-expected gain of 295,000 payrolls, which originated despite the shortened month of February and inclement weather conditions across much of the country. This data sent both stocks and bonds lower, as investors started to anticipate the U.S....
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Benzinga Market Wrap For August 21: FOMC Minutes Send Markets Spinning
Wednesday, August 21, 2013 - 4:24pm | 718Read More...Markets were incredibly volatile Wednesday, eventually closing significantly lower. Equities shot down after the Fed’s minutes were released, and quickly recovered before tanking to end the day. Major Averages The Dow Jones Industrial Average closed down 105.44 points, or 0.7 percent to 14,...
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How King Dollar May Plague These ETFs
Tuesday, June 12, 2012 - 7:38pm | 795Read More...Not that long ago, many so-called experts, pundits, and traders speculated that the U.S. dollar would lose its reserve currency status. The dollar appeared to be on its way to more declines against its major rivals amid the loss of the prestigious AAA credit rating, rising deficits, and no...
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Tax Rules For Physically-Held Currency Held For Personal-Use
Wednesday, September 21, 2011 - 2:50pm | 324Read More...By Robert A. Green, CPA and founder and CEO of Green & Company Inc. (GreenTraderTax.com and GreenTraderFunds.com) Various IRS publications discuss tax rules for physically-held currency held for personal-use, mentioning capital gains treatment on gains, and no tax-deductible loss (capital or...
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Following Swiss Lead, Japanese Move to Stem Yen Strength
Thursday, August 4, 2011 - 6:48am | 200Read More...A day after Switzerland acted to weaken the Franc, Japan moved Thursday to tame the Yen's strength by selling one trillion Yen, or more than $12 billion. Japan's action today sent the dollar up against the Yen and most major currencies, including the Euro and Pound Sterling. Finance officials have...
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What If QE2 Ends On Schedule
Wednesday, April 13, 2011 - 5:52am | 610Read More...QE2, the program that the bi-winning Fed started last November to buy $600 billion of US Treasuries, is scheduled to end in late June. While the market is still priced for a continuing QE2 or a QE3 program, some people are not so certain. Among the doubters, the most influential person is likely...
