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US SEC gives green light for options listing for spot bitcoin ETFs to NYSE

US SEC gives green light for options listing for spot bitcoin ETFs to NYSE Oct 18 (Reuters) - The U.S. securities regulator has granted "accelerated approval" to 11 exchange-traded funds to list and trade options tied to spot bitcoin prices on the New York Stock Exchange, according to a regulatory filing. The Securities and Exchange Commission (SEC) had in January approved the bitcoin ETFs to track bitcoin, in what was a watershed for the world's largest cryptocurrency and the broader crypto ind

U.S. stocks post sixth straight weeks of gains, gold hits all-time high

GLOBAL MARKETS-U.S. stocks post sixth straight weeks of gains, gold hits all-time high All three major US stock indexes end higher Crude prices drop on worries about weaker demand Gold hits record $2,700 per ounce Netflix, Procter & Gamble post results Updates to U.S. market close By Stephen Culp NEW YORK, Oct 18 (Reuters) - Tech stocks powered Wall Street stocks to a higher close and crude prices posted their biggest weekly drop in a month on Friday as investors looked past mixed earnings and f
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Latam FX poised for weekly declines, Chile's peso hits two-month low

EMERGING MARKETS-Latam FX poised for weekly declines, Chile's peso hits two-month low Most Latam currencies set for weekly losses Petrobras and Vale ink fuel supply deal Argentina posts $981 mln trade surplus in September Chile central bank cuts rate 25 bps, sees more easing ahead Latam FX off 0.1%, stocks gain 0.3% Updated at 2018 GMT By Shashwat Chauhan and Johann M Cherian Oct 18 (Reuters) - Most Latin American currencies slipped on Friday, and were set for weekly losses, while Chile's peso w
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Federal Reserve Events

DIARY-Federal Reserve Events ***Denotes a new entry. -------------------------------------------------------- Federal Open Market Committee (FOMC) MEETING DATES: 2024 November 6-7 (second day: statement released 1400 EST/1900 GMT; news conference expected 1430 EST/1930 GMT) December 17-18 (second day: statement released 1400 EST/1900 GMT; news conference expected 1430 EST/1930 GMT) 2025 January 28-29 (second day: statement released 1400 EST/1900 GMT; news conference expected 1430 EST/1930 GMT) M

US dollar rally pauses, but uptrend intact; set for 3rd weekly gain

FOREX-US dollar rally pauses, but uptrend intact; set for 3rd weekly gain Dollar index on track for best month since February 2023 US housing starts fall in September Chinese yuan eyes further stimulus details Bitcoin gains on 'Trump trade' Adds new comment, graphic, updates prices By Gertrude Chavez-Dreyfuss NEW YORK, Oct 18 (Reuters) - The U.S. dollar fell on Friday, taking a breather after five straight days of gains, as risk appetite increased following yet another round of stimulus measures
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Wall St gains tech-powered momentum, gold hits all-time high

GLOBAL MARKETS-Wall St gains tech-powered momentum, gold hits all-time high Updated to 14:45 EDT US stocks gain momentum, Nasdaq out front Crude prices drop on worries about weaker demand China stocks rally after policy steps to boost demand Gold hits record $2,700 per ounce Netflix, Procter & Gamble post results By Stephen Culp NEW YORK, Oct 18 (Reuters) - U.S.
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US recap: EUR/USD trims weekly loss as dollar gives way

BUZZ-COMMENT-US recap: EUR/USD trims weekly loss as dollar gives way Oct 18 (Reuters) - The dollar fell on Friday amid profit-taking ahead of the weekend and investor optimism about U.S. corporate earnings and China stimulus efforts. In U.S. data, single-family home building surged to a five-month high though building permits rose only marginally.
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Canadian dollar falls for third week on jumbo rate cut bets

CANADA FX DEBT-Canadian dollar falls for third week on jumbo rate cut bets Loonie trades in a range of 1.3786 to 1.3810 Heads for a 0.3% weekly decline Price of U.S. oil decreases 1.6% Bond yields ease across the curve By Fergal Smith TORONTO, Oct 18 (Reuters) - The Canadian dollar steadied against its U.S. counterpart on Friday but was on track for its third straight weekly decline, as oil prices fell and investors bet on an unusually large interest rate cut from the Bank of Canada.
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BlackRock Seeks Bigger Foothold in Crypto Derivatives Market - Bloomberg News

MEDIA-BlackRock Seeks Bigger Foothold in Crypto Derivatives Market - Bloomberg News Oct 18 (Reuters) - -- Source link: https://bloom.bg/4fclZOn -- Note: Reuters has not verified this story and does not vouch for its accuracy (Bangalore Newsroom)

Narrow ranges beginning to take shape for GBP/USD

BUZZ-COMMENT-Narrow ranges beginning to take shape for GBP/USD Oct 18 (Reuters) - After a sizeable rebound, the dollar rally is beginning to peter out around the 200-day MA (103.78) and with the index in overbought territory – according to the 14-day RSI – FX may begin to consolidate ahead of the U.S. election, perhaps offering sterling some respite.
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Wall St fails to pick up China baton, gold hits all-time high

GLOBAL MARKETS-Wall St fails to pick up China baton, gold hits all-time high US stocks mixed, Dow weaker while Nasdaq, S&P 500 gain Crude prices drop on worries about weaker demand China stocks rally after policy steps to boost demand Gold hits record $2,700 Netflix, Procter & Gamble post results Updates to 10:52 EDT By Stephen Culp NEW YORK, Oct 18 (Reuters) - U.S.
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Dollar move above 150 vs yen encourages profit-taking

BUZZ-COMMENT-Dollar move above 150 vs yen encourages profit-taking Dip-buying USD/JPY still has some shelf life. The yen firmed Friday amid profit-taking above 150 and after an obligatory warning from Japan's top currency diplomat, Atsushi Mimura, about excessive volatility. Mimura noted that markets are becoming “somewhat” one-sided. To his point, speculative accounts have been building USD/JPY longs since it topped 147 and, more recently, spot gains have outpaced changes in U.S.-Japan yiel
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US dollar falls as risk appetite rises after China; but set for 3rd weekly gain

FOREX-US dollar falls as risk appetite rises after China; but set for 3rd weekly gain Dollar index on track for best month since April 2022 US housing starts fall Chinese yuan eyes further stimulus details Bitcoin gains on 'Trump trade' Recasts, adds new comment, byline, NEW YORK dateline, FX table, updates prices By Gertrude Chavez-Dreyfuss and Amanda Cooper NEW YORK/LONDON, Oct 18 (Reuters) - The U.S.
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Latam FX up as dollar weakens, though set for weekly declines

EMERGING MARKETS-Latam FX up as dollar weakens, though set for weekly declines Updated at 10:31 a.m. ET/ 1431 GMT Most Latam currencies set for weekly losses Latam FX up 0.4%, stocks gain 0.3% By Shashwat Chauhan Oct 18 (Reuters) - Most Latin American currencies rose against a softening dollar on Friday, though they were set for weekly losses as strong economic indicators and odds of former President Donald Trump returning to the White House buoyed the greenback throughout the week.
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South African rand firms as focus shifts to inflation print next week

UPDATE 1-South African rand firms as focus shifts to inflation print next week Updates prices as of 1400 GMT, adds analyst comment in paragraphs 4-5 JOHANNESBURG, Oct 18 (Reuters) - South Africa's rand firmed against a weaker dollar on Friday, ahead of a domestic inflation reading next week which could provide clues on the central bank's rate-cutting path.
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EUR/USD may correct but it may just be a bump in the road lower

BUZZ-COMMENT-EUR/USD may correct but it may just be a bump in the road lower Oct 18 (Reuters) - EUR/USD rallied into the weekend and the probability of a correction exists but longer-term bears will likely see rallies as opportunities to get short. Friday's gains were likely driven by profit-taking into the weekend after the pair neared 1.0775/1.0800 support, which was the target of the recently completed double-top pattern.
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From bitcoin to Mexican peso, ‘Trump trades’ are appearing again

ANALYSIS-From bitcoin to Mexican peso, ‘Trump trades’ are appearing again Small-cap stocks, bitcoin climb; Mexican peso, Treasuries slip Trump Media & Technology Group shares up 140% since Sept. 23 Investors debate if market moves are due to Trump or economic optimism Adds details on online prediction market, paragraphs 5-6 By Saqib Iqbal Ahmed and Suzanne McGee NEW YORK, Oct 18 (Reuters) - Corners of financial markets that could feel the impact of a Donald Trump victory are stirring again,
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UK's Reeves set to prolong freeze on income tax thresholds, FT reports

UPDATE 2-UK's Reeves set to prolong freeze on income tax thresholds, FT reports Adds detail on tax thresholds and budget situation in paragraphs 4-9, Treasury comment LONDON, Oct 18 (Reuters) - British finance minister Rachel Reeves is expected to prolong a freeze on income tax thresholds beyond 2028 in the government's upcoming budget, in a move that could raise 7 billion pounds ($9.1 billion) a year, the Financial Times reported on Friday.

REEVES' MEASURES EXPECTED TO RAISE 7 BLN POUNDS A FT

UK's Reeves to prolong freeze on income tax thresholds beyond 2028, FT reports LONDON, Oct 18 (Reuters) - British finance minister Rachel Reeves is expected to prolong a freeze on income tax thresholds beyond 2028 in the government's upcoming budget, in a move that could raise 7 billion pounds ($9.1 billion) a year, the Financial Times reported on Friday.

Russia's Putin says BRICS unified currency is premature

Russia's Putin says BRICS unified currency is premature MOSCOW, Oct 18 (Reuters) - Russian President Vladimir Putin said on Friday that the introduction of a unified currency for the BRICS group was premature for now as it would require a high level of integration among member countries. Putin said BRICS countries should act gradually, adding that Russia intended to strengthen the new BRICS bank.



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