Category: boosted
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yuan boosted by China stimulus cheer, Aussie rises before RBA By Investing.com
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Most Asian currencies rose on Tuesday as China’s yuan was supported by Beijing’s announcement of more stimulus measures, while the Australian dollar rose in anticipation of hawkish signals from the Reserve Bank. The weakness in the US dollar helped regional markets, as the greenback remained weak after the Federal Reserve…
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USDCAD Technical Analysis – A better than feared NFP boosted the USD
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Basic Overview The US dollar came under further pressure last week as a series of weak US data pushed Treasury yields lower. However, Friday’s non-farm payrolls report was not bad, on the contrary, the data under the hood was better than the previous month. This helped the US dollar erase…
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S&P 500, Nasdaq boosted by chip rally, Fed rate cut signals By Reuters
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By Chibuike Ojoh NEW YORK (Reuters) – The Nasdaq Composite and Nasdaq Composite posted their biggest daily percentage gains since Feb. 22 and the Dow Jones Industrial Average rose on Wednesday as chip stocks surged and the Federal Reserve left interest rates unchanged while signaling possible easing in September if…
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Strong Consumer Spending And Private Inventories Boosted U.S. GDP in Q2
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The preliminary estimate of US GDP for the second quarter of 2024 showed Economy grows by 2.8%This is much faster than the expected 2.5% increase and almost double the downwardly revised 1.4% growth in the previous quarter! The Ministry of Commerce explained that the acceleration in growth from the first…
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Boosted By Trump Election Bets, Polymarket Hits Record $116M Trading Volume In July
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Copyright: thedefiant In the rapidly evolving world of decentralized finance (DeFi), one platform has emerged as a pioneer, capturing the attention of traders, investors, and political enthusiasts alike – PolymarketAs the US presidential election approaches, the innovative blockchain-based prediction market has seen a significant increase in trading activity, cementing its…
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Boosted By Trump Election Bets, Polymarket Hits Record $116M Trading Volume In July
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Copyright: thedefiant In the rapidly evolving world of decentralized finance (DeFi), one platform has emerged as a pioneer, capturing the attention of traders, investors, and political enthusiasts alike – PolymarketAs the US presidential election approaches, the innovative blockchain-based prediction market has seen a significant increase in trading activity, cementing its…
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Cooler U.S. June CPI Boosted Odds Of Multiple Fed Rate Cuts In 2024
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U.S. consumer prices fell unexpectedly in June, The consumer price index fell 0.1% on a monthly basis. This represents the first decline since May 2020 and is in contrast to the expected 0.1% increase. It also represents a shift from the flat reading in May. When we remove volatile materials…