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Dollar edges higher ahead of key CPI release By Investing.com
The US dollar edged higher on Monday, in quiet trading as traders looked ahead to key inflation data later in the week for clues on the Federal Reserve’s future monetary policy decisions. At 04:30 ET (09:30 GMT), the dollar index, which tracks the greenback against a basket of six other…
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Bitcoin’s Bullish Future: Why BTC’s Long-term View Still Looks Promising
after BitcoinFollowing the recent recovery of Bitcoin price from a significant drop last week due to the broader market downturn, investors and traders have been speculating on the crypto asset’s short- and long-term performance. However, crypto analyst and trader Mags, who delved into the current price recovery, revealed that Bitcoin…
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China firm bags Ketraco deal to build Narok-Bomet power line
The Kenya Electricity Transmission Company (KETRACO) has contracted a Chinese company to build the 132kV Narok-Bomet double circuit transmission line. Catraco has signed a contract with China North Power Engineering Corporation to build the Narok-Bomet line as part of the Sh15.6 billion Kenya Transmission Network Improvement Project (KTNIP). The other…
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Dollar trades more mixed as risk sentiment holds up for now
The moves point to a further easing of carry trade unwinds as risk sentiment remains stable. USD/JPY in particular is up 0.5% at 147.30 levels now but remains close to the highs of the recent rally from last week: USD/JPY Daily Chart This does not suggest that we are about…
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SUI Leads Crypto Market With 78% Weekly Uptick: Here’s Why
Over the past seven days, SUI has emerged as the top performer in the cryptocurrency market, recording a massive 78% price increase. This surge places SUI in the top 100 cryptocurrencies by market cap, significantly outperforming its peers, Helium (HNT) with a 60% increase and Bittensor (TAO) with a 50%…
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SUI Leads Crypto Market With 78% Weekly Uptick: Here’s Why
Over the past seven days, SUI has emerged as the top performer in the cryptocurrency market, recording a massive 78% price increase. This surge places SUI in the top 100 cryptocurrencies by market cap, significantly outperforming its peers, Helium (HNT) with a 60% increase and Bittensor (TAO) with a 50%…
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HMRC concedes £19bn in unpaid taxes unlikely to be recovered amidst soaring call centre failures
HMRC has admitted it is unlikely to recover more than £19 billion in unpaid tax, as the department faces a huge rise in uncollected tax debts and a huge increase in customer service failures. According to the latest annual report from HMRC, the total amount of unpaid tax has risen…
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Bernstein remains neutral on Nifty, 8-9% return expected this year By Investing.com
Investing.com — Bernstein Research has a neutral outlook on the index, India’s benchmark stock market index. The firm expects a modest return of 8% to 9% for the index this year. This position comes amid a complex investment environment, where global and local factors interact to shape market sentiment and…
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Ethereum Gas Fees: 5-Year Low Impact
Image: bitcoinsensus In a groundbreaking turn of events, Ethereum Gas Fees Bitcoin prices have fallen to new record lows, with average fees falling below 2 GWI on August 10, 2024. We have not seen this remarkable feat in the past five years, indicating a major shift in the network’s operating…
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Ethereum Gas Fees: 5-Year Low Impact
Image: bitcoinsensus In a groundbreaking turn of events, Ethereum Gas Fees Bitcoin prices have fallen to new record lows, with average fees falling below 2 GWI on August 10, 2024. We have not seen this remarkable feat in the past five years, indicating a major shift in the network’s operating…
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Exclusive-Billions in dollar and euro notes reach Russia despite sanctions By Reuters
By Gleb Stolyarov, Philip Lebedev and Alexander Marrow LONDON (Reuters) – About $2.3 billion in dollar and euro banknotes have been shipped to Russia since the United States and European Union banned exports of their banknotes there in March 2022 after the invasion of Ukraine, according to customs data seen…
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ADA picks up as whales fill bags with TRX and DTX for major gains
Disclosure: This article does not constitute investment advice. The content and materials on this page are for educational purposes only. Cardano (ADA) is seeing some relief on the charts after a sustained struggle, meanwhile whales are focusing on Tron (TRX) and DTX to extend gains. Finally, Cardano (ADA) is showing…
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ADA picks up as whales fill bags with TRX and DTX for major gains
Disclosure: This article does not constitute investment advice. The content and materials on this page are for educational purposes only. Cardano (ADA) is seeing some relief on the charts after a sustained struggle, meanwhile whales are focusing on Tron (TRX) and DTX to extend gains. Finally, Cardano (ADA) is showing…
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Treasury prepares 2025 emergency budget cuts plan
Israel’s Finance Ministry is quietly preparing a contingency budget plan for 2025 in case the government avoids passing the 2025 budget for political reasons, sources familiar with the situation told Globes. According to the original timetable, the government was scheduled to approve the budget proposal this week, but there is…
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US data will keep markets in check for now
It’s a steady and quiet start to trading this week and that’s understandable. Market participants will remain somewhat cautious, awaiting some big US data in the coming days. We’ll get a quick look at the PPI report tomorrow, but the biggest event to watch this week is Wednesday’s CPI report.…
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Pepecoin Millionaire Adds Mpeppe & Pepu To Secure 240X Pepecoin Profits
For those who made their fortunes with Pepecoin (PEPE), two new competitors have entered the scene: Mbebe (Mbebe) By promising huge returns, these giants have managed to attract the attention of investors eager to replicate the 240x gains achieved by Pepecoin (PEPE). Why Mpeppe (MPEPE) and Pepe Unchained (PEPU) Are…
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Yen slips, markets brace for US inflation data By Reuters
By Vidya Ranganathan SINGAPORE (Reuters) – The yen continued its slow decline against the dollar in thin trade due to a holiday in Japan on Monday, as market participants remained uncertain about the prospects of a significant interest rate cut by the U.S. Federal Reserve next month. The break comes…
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China test-flies biggest cargo drone as low-altitude economy takes off By Reuters
Written by Ryan Wu BEIJING (Reuters) – China has launched the largest cargo drone yet designed for civilian use, as the world’s biggest drone maker ramps up test flights of autonomous aerial vehicles that could eventually carry everything from takeaway meals to people. The two-tonne, twin-engine aircraft took off on…
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Ethereum Price Weakens: Can It Defend the $2,500 Level?
Ethereum price started a downside correction from the $2,700 area. Now, Ethereum is consolidating and struggling to stay above the $2,500 support level. Ethereum started a bearish correction below the $2650 and $2620 levels. The price is trading below the $2650 level and the 100-hour simple moving average. There was…