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Tuesday, July 30, 2024

American Market Recap: Polls and betting markets show a close race for President again

Polls and betting markets show a close race for President again

Reuters is out with a new poll of the Presidential election that has Harris leading 43% to 42% over Trump. It's similar to others that now show a tight race. Betting markets also show a close race. Ha... 

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EURJPY: An updated technical look at the EURJPY after the break back below its 100 hour MA

The EURJPY moved higher earlier today, breaking above the 100-hour MA (blue solid line on the chart below) in the process (currently at 166.679. The subsequent move higher extended toward the 100-day... 

Gold jumps after Israel strikes Beirut

Gold prices erased earlier losses, jumping more than $20 to $2405 after Israel's defense minister said Hezbollah crossed red lines with a missile attack that killed 12 children. The response was a mis... 

MUFG: Slowing global growth momentum provides support for USD

The US dollar has strengthened against the euro due to slowing growth momentum outside the US, with key economic indicators from China and the euro-zone showing signs of weakening. This has contribute... 

Nikkei reiterates the worst kept secret. BOJ considering hike to 0.25%

Nikkei is now getting in on the worst kept secret. They say that the DOJ is reportedly considering a rate hike to 0.25%. They also add that the central bank is looking to decide by how much and how fa... 

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Major indices are higher in early US trade. AMD, MIcrosoft, Starbucks and Pinterest report

The major indices are higher in early US trade. After the close AMD, Microsoft, Starbucks, and Pinterest report earnings. Microsoft shares are trading up $2.15 or 0.50% in early trading. A snapshot o... 

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