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Aussie dollar jumps on inflation spike, while yen stays under pressure By Reuters
Written by Harry Robertson and Tom Westbrook LONDON/SINGAPORE (Reuters) – The Australian dollar rose after a surprise jump in inflation on Wednesday raised the prospect of another interest rate hike, while the U.S. dollar maintained downward pressure on the Japanese yen. Moves elsewhere in the market were relatively muted as…
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Here’s Why The Bitcoin Bottom Is In, New Highs Imminent: Expert
Cryptocurrency expert Duncan (@FloodCapital) recently expressed his strong belief that Bitcoin has bottomed in the market and is poised to achieve all-time highs. for him analysisshared on X (formerly Twitter), provides a detailed examination of current market dynamics and underlying fundamentals that indicate a potential bullish turn for Bitcoin and…
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Here’s Why The Bitcoin Bottom Is In, New Highs Imminent: Expert
Cryptocurrency expert Duncan (@FloodCapital) recently expressed his strong belief that Bitcoin has bottomed in the market and is poised to achieve all-time highs. for him analysisshared on X (formerly Twitter), provides a detailed examination of current market dynamics and underlying fundamentals that indicate a potential bullish turn for Bitcoin and…
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Australia’s Headline CPI Jumped to Six-Month High of 4.0% in May
The Australian CPI report for May surprised market expectations, with headline inflation rising from 3.6% to 4.0% y/y in May versus consensus of 3.8%. Components of the report indicated that the gains were driven by increases in housing, transportation, and tobacco prices. Link to Australian CPI report for May 2024…
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From Promising Start To Slow Adoption
A Reserve Bank of India (RBI) stamp is pictured on a gate outside the Reserve Bank of India headquarters in Mumbai, India, February 2, 2016. REUTERS/Danish Siddiqui/File Photo India’s entry into the world of central bank digital currencies (CBDCs) has been a closely watched endeavor, with the launch of the…
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Sutskever’s AI co seen offering NIS 60,000 monthly starting pay
Last week, Ilya Sutskever, OpenAI’s co-founder and former chief scientist, unveiled his new startup, set to be called SSI that, like OpenAI, will develop artificial intelligence technology. In a post on the They used the phrase “supreme artistic talent,” but did not provide more details than that. This immediately set…
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USDJPY Technical Analysis – The market is testing the intervention level again
Basic overview The US dollar continues to get support from good economic data as we recently saw from the US PMIs last Friday and the US Consumer Confidence report yesterday. Such data keeps interest rate expectations stable around two cuts by the end of the year and supports risk sentiment…
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TrumpCoin Price Prediction | Is TrumpCoin a Good Investment?
With interest in the upcoming US elections, there has been an increase in coins associated with former President Donald Trump, who is running for president again. TrumpCoin (DJT), a new cryptocurrency, was launched on May 21 and was listed on the global MEXC exchange on June 18, 2024. By June…
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TrumpCoin Price Prediction | Is TrumpCoin a Good Investment?
With interest in the upcoming US elections, there has been an increase in coins associated with former President Donald Trump, who is running for president again. TrumpCoin (DJT), a new cryptocurrency, was launched on May 21 and was listed on the global MEXC exchange on June 18, 2024. By June…
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India’s Modi wins test of strength in parliament with election of speaker By Reuters
MUMBAI (Reuters) – Indian Prime Minister Narendra Modi passed the first major political test of his third term on Wednesday after one of the ruling party’s candidates was elected speaker of parliament’s lower house, defeating an opposition lawmaker by a vote. Om Birla, of Modi’s Bharatiya Janata Party, who was…
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Tencent’s ‘Dungeon & Fighter’ game dominates China’s mobile download charts By Reuters
BEIJING (Reuters) – Tencent Holdings Ltd’s newly launched Dungeon & Fighter (DNF Mobile) game has had a strong start, dominating the top-grossing charts on Apple Inc’s iOS platform in China for nearly a month, industry data showed. The game, which launched in the world’s largest gaming market on May 21,…
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What Would the XRP Price be if the Ripple v. SEC Lawsuit Didn’t Happen?
The lawsuit between Ripple Labs and the US Securities and Exchange Commission began in 2020 and is currently in its pilot phase. There is no telling when it might end and who the winner will be, although Ripple has scored some wins before the trial begins. The court’s main goal…
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Traders have poured $5 billion into leveraged Nvidia ETFs. They’re up 425% even after the stock’s big wipeout.
Stock market bullMoonset/Getty Images Leveraged ETFs tracking Nvidia’s performance have soared this year. The leveraged funds focused on the AI giant have attracted $5 billion from investors. This amount is leagues beyond other single-stock ETFs that track huge technology names. A new type of exchange-traded fund has been making waves…
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Asia FX weakens as dollar steadies; yen back near intervention range By Investing.com
Investing.com — Most Asian currencies fell on Wednesday as anticipation for key U.S. inflation data left traders largely favoring the dollar, with the Japanese yen approaching levels that sparked the latest government intervention. The Australian dollar was an outlier during the day, rising sharply after a hotter-than-expected inflation reading sparked…
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Bitcoin As Federal Tax Payment Method? Congressman Presents New Legislation
In an important development for the crypto industry, Republican Congressman Matt Gaetz is set to introduce a new bill allowing Federal income tax payments It will be conducted using Bitcoin (BTC). Gates believes that by allowing taxpayers to use Bitcoin in their federal tax liabilities, the country can foster innovation,…
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Bitcoin As Federal Tax Payment Method? Congressman Presents New Legislation
In an important development for the crypto industry, Republican Congressman Matt Gaetz is set to introduce a new bill allowing Federal income tax payments It will be conducted using Bitcoin (BTC). Gates believes that by allowing taxpayers to use Bitcoin in their federal tax liabilities, the country can foster innovation,…
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Watch for more auto shockers after Rivian landed Volkswagen as a major partner
hapapapa Rivian Cars (Nasdaq:RIVN) shook up some tremors across the electric vehicle sector with its announcement that the company will form a joint venture with Volkswagen (OTCPK:VLKAF) (OTCPK:VWAGY). Volkswagen (OTCPK:VLKAF) $5B Initial and Planned Investments, Plus Rivian (RIVN)) Current Cash Position It is expected to provide capital to fund the…
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Chart Art: GBP/CAD’s Potential Support Near A Long-term Area Of Interest
GBP/CAD is having trouble extending the downtrend despite a bullish CAD report. Will this extend the pair’s weeks-long upward trend? We look at the daily chart for more evidence: GBP/CAD Forex Daily Chart by TradingView In case you missed it, Canada just dropped its May CPI numbers which showed faster-than-expected…
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Congressman Matt Gaetz Introduces Bill to Allow Federal Income Tax Payments in Bitcoin
Congressman Matt Gaetz (R-Fla.) has introduced legislation allowing federal income tax payments to be made in Bitcoin. Reported exclusively First reported by The Daily Wire, this bill aims to amend the Internal Revenue Code of 1986, directing the Secretary of the Treasury to develop a plan to accept Bitcoin. Urgent:…
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Congressman Matt Gaetz Introduces Bill to Allow Federal Income Tax Payments in Bitcoin
Congressman Matt Gaetz (R-Fla.) has introduced legislation allowing federal income tax payments to be made in Bitcoin. Reported exclusively First reported by The Daily Wire, this bill aims to amend the Internal Revenue Code of 1986, directing the Secretary of the Treasury to develop a plan to accept Bitcoin. Urgent:…