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Month: August 2024

Cryptocurrencies

US CPI falls to 2.9% yoy in Jul, core CPI down to 3.2% yoy

US CPI rose 0.2% mom in July, matched expectations. CPI core (all items less food and energy) rose 0.2% mom, matched expectations. Energy prices were unchanged over the month while food prices increased 0.2% mom. Read more…

By , 2 years ago August 14, 2024
Cryptocurrencies

US CPI falls to 2.9% yoy in Jul, core CPI down to 3.2% yoy

US CPI rose 0.2% mom in July, matched expectations. CPI core (all items less food and energy) rose 0.2% mom, matched expectations. Energy prices were unchanged over the month while food prices increased 0.2% mom. Read more…

By , 2 years ago August 14, 2024
Cryptocurrencies

Ethereum Gently Gaining Momentum

Market Picture The cryptocurrency market added 2.2% in the last 24 hours to reach $2.14 trillion, a fresh attempt to climb into the upper half of last month’s trading range from where last week’s sell-off Read more…

By , 2 years ago August 14, 2024
Cryptocurrencies

Ethereum Gently Gaining Momentum

Market Picture The cryptocurrency market added 2.2% in the last 24 hours to reach $2.14 trillion, a fresh attempt to climb into the upper half of last month’s trading range from where last week’s sell-off Read more…

By , 2 years ago August 14, 2024
Cryptocurrencies

AUD/USD Outlook: Keeps Firm Tone Ahead of US Inflation Data

AUDUSD remains constructive and consolidating Tuesday’s 0.80% advance, as this morning’s RBNZ rate cut by 25 basis points negatively impacted Aussie dollar, but dips were limited, due to strong near-term bullish sentiment on revived risk Read more…

By , 2 years ago August 14, 2024
Cryptocurrencies

AUD/USD Outlook: Keeps Firm Tone Ahead of US Inflation Data

AUDUSD remains constructive and consolidating Tuesday’s 0.80% advance, as this morning’s RBNZ rate cut by 25 basis points negatively impacted Aussie dollar, but dips were limited, due to strong near-term bullish sentiment on revived risk Read more…

By , 2 years ago August 14, 2024
Cryptocurrencies

Analyst revisits Tesla stock price target with eye on key value driver

Tesla shares edged lower in early Wednesday trading, and remain firmly in the red following a muted second-quarter earnings report late last month, but one Wall Street analyst continues to argue that the recent moves Read more…

By , 2 years ago August 14, 2024
Cryptocurrencies

Analyst revisits Tesla stock price target with eye on key value driver

Tesla shares edged lower in early Wednesday trading, and remain firmly in the red following a muted second-quarter earnings report late last month, but one Wall Street analyst continues to argue that the recent moves Read more…

By , 2 years ago August 14, 2024
Cryptocurrencies

USD/JPY Sees Retreat Amid US Dollar Weakness

USD/JPY has retreated from its peak this week, settling at 146.82. The yen gained some strength as the US dollar weakened following July’s lacklustre US Producer Price Index (PPI) data. This report bolstered market expectations Read more…

By , 2 years ago August 14, 2024
Cryptocurrencies

GBP/USD Outlook: Cable Dips on Softer Than Expected UK Data, Focus Shifts on US Inflation

Cable fell 0.35% in immediate reaction to softer than expected UK inflation numbers in July. Although the BoE expected inflationary pressure to rise after CPI stayed at 2% target in past two months, weaker than Read more…

By , 2 years ago August 14, 2024

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