Category: August
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Bitcoin Hits Its Most Oversold Level Since August 2024
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This article is also available in Spanish. Bitcoin (BTC) has decreased by more than 10 % in the past two weeks, as it has decreased from about 98,000 dollars to about 86,000 dollars at the time of writing this report. The high sale pressure pushed the leading cryptocurrency to the…
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Ethereum ETFs Record Largest Inflows Since August 6
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This article is also available in Spanish. Ethereum (ETH) recorded an impressive performance following Donald Trump’s victory in the US elections on November 5. The second-largest cryptocurrency by market cap has jumped 21.9% in the past three days, reigniting investors’ bullish sentiment towards cryptocurrencies and ETH-based investment products. Related reading…
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Ethereum ETFs Record Largest Inflows Since August 6
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This article is also available in Spanish. Ethereum (ETH) recorded an impressive performance following Donald Trump’s victory in the US elections on November 5. The second-largest cryptocurrency by market cap has jumped 21.9% in the past three days, reigniting investors’ bullish sentiment towards cryptocurrencies and ETH-based investment products. Related reading…
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UK economy returns to 0.2% growth in August after months of stagnation
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The UK economy returned to growth in August, expanding by 0.2% after two months of recession, according to official figures from the Office for National Statistics (ONS). This growth was in line with economists’ expectations, after 0% growth recorded in June and July. The economy also grew by 0.2% over…
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Average monthly wage in Israel up 5.3% in August
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In August 2024, the average monthly wage in Israel reached NIS 13,138, an increase of 5.3% from August 2023, according to Central Bureau of Statistics reports. In August 2024, the average monthly wage in Israel reached NIS 13,138, an increase of 5.3% from August 2023, according to Central Bureau of…
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Australian housing finance data, August 2024: Home loans +0.7% m/m (prior +2.9%)
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…
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Australian August trade surplus larger than expected
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…
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US job openings rebound in August; hiring remains sluggish By Reuters
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Written by Lucia Mutikani WASHINGTON (Reuters) – U.S. job openings unexpectedly increased in August after consecutive monthly declines, but hiring was weak and consistent with a labor market slowdown that keeps the Federal Reserve on track to cut interest rates again in November. . The Labor Department’s Job Opportunities and…
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Ethereum Spot ETFs Record Best Performance Since August 6
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Ethereum exchange-traded funds (ETFs) posted a big positive performance on Tuesday for the first time in nearly two months. Cryptocurrency-based investment products have been sluggish throughout September and failed to impress investors amid a market slump. Ethereum ETFs Have Best Day Since August Last week, Ethereum (ETH) exchange-traded funds (ETFs)…
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Australia’s Inflation Is Broadly Cooler But Still High In August
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The Australian Bureau of Statistics (ABS) showed that headline inflation was 2.7% year-on-year in Augustslower than the 3.5% increase in July, but in line with the latest market estimates. Except for volatile elements and holiday travel, Consumer prices rose 3.0% in Augustslower than the 3.7% rise in July. Meanwhile, Reserve…
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Australia’s Inflation Is Broadly Cooler But Still High In August
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The Australian Bureau of Statistics (ABS) showed that headline inflation was 2.7% year-on-year in Augustslower than the 3.5% increase in July, but in line with the latest market estimates. Except for volatile elements and holiday travel, Consumer prices rose 3.0% in Augustslower than the 3.7% rise in July. Meanwhile, Reserve…
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UK Retail Sales Beat Expectations During August Sunny Spell
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Breadcrumbs Path Links PMN Business UK retail sales rebounded in August as consumers’ desire to take advantage of sunny weather and summer discounts offset lingering political and financial concerns. Article author: Bloomberg News Irina Angel Published on September 20, 2024 • Read for 3 minutes You can save this article…
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UK Retail Sales Beat Expectations During August Sunny Spell
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Breadcrumbs Path Links PMN Business UK retail sales rebounded in August as consumers’ desire to take advantage of sunny weather and summer discounts offset lingering political and financial concerns. Article author: Bloomberg News Irina Angel Published on September 20, 2024 • Read for 3 minutes You can save this article…
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Australia’s August Labor Market Data Shows Strength Despite High Interest Rates
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Data from the Australian Bureau of Statistics reflects the resilience of the Australian labour market in a high interest rate environment. The economy added a net 47.5K jobs in August, above the expected gain of 28.0K and slightly below the downwardly revised gain of 48.9K in July. The gains came…
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Canada’s Annual Headline CPI Slowed to 2.0% in August, Lowest Reading Since February 2021
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Canada released another batch of weaker-than-expected inflation numbers, with the core consumer price index slowing from 2.5% to 2.0% year-over-year in August — its lowest reading since February 2021. On a monthly basis, the headline CPI fell 0.2% versus consensus for a flat reading and a previous increase of 0.4%.…
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Japan August data shows a big miss for both exports and imports – recap
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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August CPI reading far above expectations
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Israel’s consumer price index rose 0.9% in August, well above analysts’ expectations of 0.5% to 0.6%. In the 12 months to the end of August 2024, the inflation rate rose to 3.6% from 3.2% at the end of July, according to figures released by the Central Bureau of Statistics today.…
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China August: Retail sales +2.1% y/y (expected +2.5) Industrial production +4.5% y/y (4.8)
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China’s August 2024 retail sales, industrial production and investment data – another round of disappointing results. Retail Sales +2.1% (YoY) (Aug) Expected 2.5%, previous 2.7% Industrial Production +4.5% (YoY) (Aug) Expected 4.8%, previous 5.1% Fixed Asset Investment +$3.4 (YTD) (YoY) (Aug) Expected 3.5%, previous 3.6% Unemployment rate 5.3% Expected 5.2%,…
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Mortgage taking remained high in August
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Israel’s mortgage market remained strong last month as homebuyers took out mortgages totaling NIS 8.4 billion in August, the Bank of Israel reported. Mortgage takings last month were down 7% from July when more than NIS 9 billion in mortgages were taken out but were 20% higher than August 2023.…
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China records ¥649.34 billion trade surplus in August
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…