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Ready for the first US social media IPO since 2019?

Ready for the first US social media IPO since 2019?

In its filing to the SEC, Reddit plans to raise up to $748 million as it sells about 22 million shares - of which 15.3 million will be Class A common shares. The range for the launch is between $31 to $34 per share, with the fully diluted valuation being near $6.5...

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USD/JPY nudges lower, eyes on next key technical level

USD/JPY nudges lower, eyes on next key technical level

USD/JPY daily chartThe pair hit a low of 146.53 in Asia before recovering back to around 147.00 in the handover to Europe. And as the session gets underway now, we are seeing the pair push a little lower again to 146.64 currently. As the dollar side of the equation is...

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Market Outlook for the Week of 11 – 15 March

Market Outlook for the Week of 11 – 15 March

This week is expected to be relatively quiet in terms of economic events, although there are some important data releases to keep an eye on. On Monday, there are no notable economic releases, but traders should note that the U.S. and Canada switched to Daylight Saving...

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FX option expiries for 11 March 10am New York cut

FX option expiries for 11 March 10am New York cut

There are a couple of decent-sized ones for EUR/USD but they are layered across a slight range. As such, the absence of one large expiry in particular is likely to offer little pull to price action on the day. In any case, we are seeing more of a muted tone in markets...

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A slower start to the new week beckons in Europe

A slower start to the new week beckons in Europe

Major currencies are lightly changed for the most part as we look towards European trading today. The Japanese yen was an early mover, gaining some ground before giving that back as noted here. USD/JPY is now lightly changed near the 147.00 mark, though sellers remain...

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China still can’t shake off property market woes

China still can’t shake off property market woes

It is being reported by Reuters that Chinese regulators have met with financial institutions and requested large banks to step up support for Vanke. And that includes asking private debt holders to discuss a maturity extension for the developer's debt. For some...

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The Japanese yen will stay in focus in trading this week

The Japanese yen will stay in focus in trading this week

Yen longs were finally rewarded last week as the currency gained by 2% against the dollar. The BOJ finally got the ball rolling and things are definitely heating up ahead of the policy decision next week. USD/JPY fell to as low as 146.53 earlier but is now trading...

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Barrick Gold: Would It Benefit From A Gold Rally?

Gold has closed bullish for three consecutive weeks, leaving an ATH at $2195. As of last week, the yellow metal achieved gains over 4.7%. Increased geopolitical tensions, weak US economic data, increased gold holdings by the central banks, fears over bank run,...

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