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Gold prices slipped slightly on Friday as traders favored the dollar ahead of signals on U.S. monetary policy from the Jackson Hole Symposium. Despite signs of economic weakness, gold held above $1,900 per ounce. This marked its first positive week in five after recovering from August lows. However, uncertainty remained due to potential higher U.S. interest rates,...

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All focused on the forthcoming remarks by Jerome Powell, set to disrupt the situation tomorrow, which could potentially shift investor sentiment from buying to selling. The US2000, also known as the Russell 2000, represents a small-cap index that follows behind the larger indices such as DJIA, S&P, and Nasdaq. In recent months, the Russell has demonstrated weaker...

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Volvo Cars, based in Sweden, has announced a remarkable 21% increase in car sales for the month of July compared to the previous year. The company managed to sell 54,165 vehicles during this period, marking the 11th consecutive month of continuous year-over-year growth. Taking a broader look at the year so far, Volvo has demonstrated impressive performance in...

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GateHub and XRPL Labs have joined forces to improve the XRPL network. They're making it easier to move assets between XRPL and other networks like Bitcoin and Ethereum. This partnership adds 14 new assets, including popular ones like BTC and ETH, making crypto payments more convenient. The goal is to increase the use of XRP and other digital assets and promote...

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BABA is on a good recovery streak with, steady gain and consolidation, following a solid support line since October 22'. China's economy and development are almost recovered from the horrible decline during the multiple lockdowns and manufacturing shutdowns. The gain/consolidation we are witnessing in the last several months is having an amplitude of 10-15$ which...

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The retail behemoth's international business posted a 13.3% jump in sales during the second quarter, its strongest result since at least 2016. The unit posted $27.6 billion in sales, or 17% of the company's quarterly revenue, beating market estimates of $26.12 billion. Despite the better-than-expected results, the price is heading a downtrend to the major support...

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The correction for ABNB is more likely to continue. The first support is located at the $118 price level. If the support resists the pressure we may witness an uptrend to the $160 resistance. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their...

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Gold prices experienced declines due to a combination of factors, including a stronger U.S. dollar and concerns about rising inflation. It fell to its lowest level in a month, reaching $1,911.69 an ounce for spot and $1,943.55 an ounce for futures expiring in December. These levels were the weakest since early July. The dollar's strength was attributed to...

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The market anticipates that Cisco Systems will announce a year-over-year earnings increase due to higher revenues when it releases its results for the quarter ending in July 2023. This widely-known consensus view is crucial for evaluating the company's earnings situation. However, an essential factor affecting the stock's short-term price is how the actual results...

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Silver has seen an 8% drop in value over the past four weeks, partly due to concerns about China's economic slowdown. As the world's largest solar panel producer with significant solar capacity, China's slowdown could impact silver's demand for renewable energy. Technical analysis suggests silver is at a crossroads, finding support around $23.08. A potential...

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Natural gas futures surged to over $3 per mmBtu, a seven-month high, driven by increased demand for indoor heating and cooling. Speculation and reports of pipeline issues causing production slowdowns contributed to the price rise. The September gas contract on the NYMEX Henry Hub reached $2.95 per mmBtu, up 6.2% for the day, briefly hitting $3.018. Prior to this,...

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Gold prices declined as uncertainty surrounding the Federal Reserve's future actions and expectations of higher inflation boosted the dollar and Treasury yields. The market is eagerly awaiting the consumer price index (CPI) reading on Thursday, which is anticipated to reveal persistent inflation. This outlook dampened interest in gold as non-yielding assets became...

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Crude oil prices have experienced a recent decline, driven by a surge in the US dollar's strength and Saudi Arabia's cautious outlook on crude demand. The Saudis have raised prices for their crude in most of Asia and Europe, although the increase in Arab light crude prices fell short of traders' expectations, dampening market sentiment. Initial reports of a...

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China's Caixin Services PMI rose to 54.1 in July, beating the forecast of 52.5. The European private sector, particularly service sector PMIs from Spain and Italy, along with Eurozone data, will be closely watched. A weaker Eurozone services PMI (51.1 in July) could raise recessionary concerns. In the US, initial jobless claims and ISM Non-Manufacturing PMI are...

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Kyiv's goal is to establish direct access for international ships to their Ukrainian seaports for loading grain. However, Russia has reacted strongly to this development, stating that ships heading to Ukrainian seaports may be treated as potential military targets. The consequences of these actions by Russia have not only affected Ukraine but have also raised...

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Alibaba has decided not to join the share buyback of its fintech arm, Ant Group. Ant Group remains an important partner, and Alibaba wants to maintain its shareholding. The buyback was initiated following Beijing's crackdown on web giants, with Ant Group receiving a substantial fine. Alibaba's stock value in Ant Group remains lower than in 2020 when an IPO was...

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Toyota Motor (NYSE: TM) reported a 5.1% increase in sales for the first half of 2023, with 4.9 million units sold. June saw a notable 10% global sales increase, driven by demand for hybrids, particularly in the US and Europe. Sales of hybrid electric vehicles grew 37.6% YoY, reaching 292,131 units, while battery electric vehicles reached 10,191 units in June, with...

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Dropbox's revenue growth has been slowing down due to intense competition from larger cloud storage platforms like Google Drive, Microsoft OneDrive, and Apple iCloud. The company remains profitable but faces challenges in the market. It is exploring AI integration for its services. Analysts project continued deceleration in revenue growth, with expected sales...