Author: Investor Empires
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Dollar retreats ahead of Fed meeting; Euro, sterling rise By Investing.com
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Investing.com – The U.S. dollar fell on Monday, while the euro and the British pound rose, ahead of the expected start of the Federal Reserve’s interest rate cutting cycle later this week. At 04:35 ET (08:35 GMT), the dollar index, which tracks the greenback against a basket of six other…
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Bybit secures provisional approval for crypto operations in Dubai
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Cryptocurrency exchange ByBit has been granted a provisional license by the Dubai Cryptocurrency Regulatory Authority. According to September 16 advertisementBybit has been granted provisional approval to obtain a Virtual Asset Service Provider (VASP) license from the Dubai Virtual Assets Regulatory Authority (VARA), completing the first step before it is issued…
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Bybit secures provisional approval for crypto operations in Dubai
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Cryptocurrency exchange ByBit has been granted a provisional license by the Dubai Cryptocurrency Regulatory Authority. According to September 16 advertisementBybit has been granted provisional approval to obtain a Virtual Asset Service Provider (VASP) license from the Dubai Virtual Assets Regulatory Authority (VARA), completing the first step before it is issued…
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Higher roads levy, subsidy cuts deny Kenyans relief at the pump
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Kenyans are expected to bear the brunt of a higher road maintenance tax for the second month in a row as fuel prices remain unchanged despite lower fuel costs. The Energy and Petroleum Regulatory Authority (EPRA) has kept prices unchanged at Sh188.84 and Sh171.60 per litre for petrol and diesel…
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The AUD is the strongest and the USD is the weakest as the NA session begins
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As the North American session began, the Australian dollar was the strongest followed by the British pound, with the US dollar the weakest. The Federal Reserve will meet on Tuesday and again on Wednesday before announcing its interest rate decision on Tuesday at 2 p.m. ET. A press conference will…
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Major Bitcoin Price Action Looms? Expert Foresees Exciting Weeks Ahead For BTC
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Bitcoin Bitcoin once again failed to break above the $61,000 price level, leading to a drop to around $59,000, sparking speculation about its short-term potential. Despite the negative market trends of the past few weeks, many analysts remain bullish on Bitcoin, predicting a significant rise for the digital asset in…
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Bank of England faces pressure to cut rates as job vacancies and factory output decline
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The Bank of England is facing increasing pressure to cut interest rates this week as signs of a slowing economy emerge in job vacancies and industrial production. According to the Recruitment and Employment Confederation, job vacancies fell by 3.2% in August, with nearly 720,000 new advertisements, reflecting a slowing labour…
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Intel, Pfizer, Trump Media and Target rise premarket; Apple falls By Investing.com
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Investing.com – U.S. stocks rose sharply on Monday, as traders remained cautious ahead of the Federal Reserve’s latest policy meeting. Here are some of the biggest moves in U.S. stocks before the market opens today. Pfizer (NYSE:) shares rose 0.5% after the drugmaker said its experimental drug to combat a…
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Solana Losses Ground, Drops Below $137 As Bearish Momentum Builds
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This article is also available in Spanish. Solana started to decline again, falling below the $137 support level, indicating that the bearish momentum is gaining. The dragThe once promising uptrend has faltered, leaving traders and Investors Some are wondering if more losses are on the horizon. With selling pressure intensifying,…
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Solana Losses Ground, Drops Below $137 As Bearish Momentum Builds
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This article is also available in Spanish. Solana started to decline again, falling below the $137 support level, indicating that the bearish momentum is gaining. The dragThe once promising uptrend has faltered, leaving traders and Investors Some are wondering if more losses are on the horizon. With selling pressure intensifying,…
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AI Boom Is Driving a Surprise Resurgence of US Gas-Fired Power
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Breadcrumbs Path Links PMN Business New gas stations continue to appear, despite expectations that their rapid growth was coming to an end. Article author: Bloomberg News Josh Saul, Noreen S. Malik and Mark Chediak Published on September 16, 2024 • Read for 5 minutes You can save this article by…
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Dollar weakens, yen strengthens as bets firm on aggressive Fed rate cut By Reuters
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By Vidya Ranganathan and Samuel Indyk LONDON (Reuters) – The dollar fell and the yen hit its highest in more than a year on Monday as market participants grew more expectant of a large interest rate cut by the U.S. Federal Reserve later this week. The dollar fell to a…
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Memecoin season fades on Tron and Solana as utility tokens explode
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Disclosure: This article does not constitute investment advice. The content and materials on this page are for educational purposes only. As memecoin season fades, utility tokens like Rollblock are taking center stage, with RBLK surging 160% in value in just weeks amid surging demand. Just a few weeks ago, memecoin…
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Memecoin season fades on Tron and Solana as utility tokens explode
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Disclosure: This article does not constitute investment advice. The content and materials on this page are for educational purposes only. As memecoin season fades, utility tokens like Rollblock are taking center stage, with RBLK surging 160% in value in just weeks amid surging demand. Just a few weeks ago, memecoin…
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Explaining Israel’s housing market paradox
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The least significant element in the CBS housing price figures is the annual rise between July-August 2023 and July-August 2024, the most recent period for which data is available. In that year, housing prices rose by 5.8%. But the Israeli real estate market after November of last year is not…
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FX Watch: NZD/CAD To Extend Its Downtrend After Canada’s CPI Release?
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The New Zealand dollar had a very tough week last week, as concerns about growth in China, weaker-than-expected mid-level domestic data and general risk aversion highlighted the relative weakness of the commodity-linked currency in the foreign exchange space. Meanwhile, the Bank of Canada’s willingness to explore deeper rate cuts is…
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Shiba Inu Whale Transactions Rise 60% In One Day, But There’s Bad News
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Shiba Inu whales have been on a roll lately with volumes rising dramatically. However, this has not always been a cause for celebration, especially given the trends driven by these big investors. This is evident in the difference between whale inflows and outflows. Shiba Inu Whale Collectiblesindicating whether the increase…
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Shiba Inu Whale Transactions Rise 60% In One Day, But There’s Bad News
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Shiba Inu whales have been on a roll lately with volumes rising dramatically. However, this has not always been a cause for celebration, especially given the trends driven by these big investors. This is evident in the difference between whale inflows and outflows. Shiba Inu Whale Collectiblesindicating whether the increase…
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Fed Interest-Rate Cut Hopes Lift Yen, Boost Bonds: Markets Wrap
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(Bloomberg) — Bonds rose as traders braced for the U.S. Federal Reserve to cut interest rates, expectations that also lifted the yen. Most Read from Bloomberg Stock markets began a crucial week with quiet moves, with Europe’s benchmark STOXX 600 index down while US stock futures were flat as investors…
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Market Outlook for the Week of 16th – 20th September
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We have a busy week ahead in terms of economic events, but Monday starts slowly with no major releases scheduled. On Tuesday, the highlight will be Canadian inflation data, followed by US retail sales figures on a monthly basis. Wednesday brings inflation data from the UK, along with building permits,…