Category: Data
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US stocks gain after healthy growth data; Nvidia’s guidance disappoints By Investing.com
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U.S. stocks rose on Thursday after stronger-than-expected growth data eased concerns about a sharp slowdown in the U.S. economy. At 09:40 ET (13:40 GMT), the S&P 500 was up about 100 points, or 0.2%, gaining 17 points, or 0.3%, and up 135 points, or 0.8%. GDP growth eases hard landing…
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Chainlink (LINK) Could Drop To $8 If It Loses Current Support: On-Chain Data Reveals
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Chainlink (LINK) has seen significant volatility this week. Its price has fallen more than 13% from Monday’s high, pushing LINK to a critical support level around $11.20. Traders and investors are closely watching this crucial area. Related reading Data from Santiment confirms the importance of this level, showing that demand…
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Dollar edges higher ahead of key data; euro weakens on German inflation By Investing.com
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Investing.com – The U.S. dollar edged higher on Thursday, recovering from recent lows ahead of a series of key economic readings, while the euro retreated. At 04:10 ET (09:10 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was up 0.2% at 101.182, after…
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NZDUSD tests close to 0.63 after earlier NZ data
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The New Zealand dollar made another strong move this morning, testing a level close to the psychological 0.63 level. NZDUSD currency pair approaches 0.63 level The New Zealand dollar surprised many after the currency failed to fall following the recent dovish move by the Reserve Bank of New Zealand. I…
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NZDUSD tests close to 0.63 after earlier NZ data
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The New Zealand dollar made another strong move this morning, testing a level close to the psychological 0.63 level. NZDUSD currency pair approaches 0.63 level The New Zealand dollar surprised many after the currency failed to fall following the recent dovish move by the Reserve Bank of New Zealand. I…
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BTC Currently Valued at Fair Market Price, Bitcoin Magazine Pro Data Shows
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At the time of writing, Bitcoin is currently worth $63,500, which is considered a fair market price according to the Bitcoin Cycle Master chart and data from Bitcoin Magazine Pro. The Bitcoin Cycle Master chart incorporates on-chain metrics, including days of value destruction and final price, to assess Bitcoin’s position…
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Ethereum (ETH) Eyes $3,000: Data Suggests Imminent Breakout
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Ethereum is in a classic accumulation phase after the recent correction and is now targeting $3,000. After falling to $2,116 just 20 days ago, Ethereum has seen a significant price surge, recovering to higher levels, indicating increasing bullish momentum. Related reading This accumulation phase has caught the attention of analysts…
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Ethereum (ETH) Eyes $3,000: Data Suggests Imminent Breakout
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Ethereum is in a classic accumulation phase after the recent correction and is now targeting $3,000. After falling to $2,116 just 20 days ago, Ethereum has seen a significant price surge, recovering to higher levels, indicating increasing bullish momentum. Related reading This accumulation phase has caught the attention of analysts…
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Bitcoin (BTC) Ready To Break Past $65,000, On-Chain Data Shows
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Yesterday, Bitcoin (BTC) surged more than 6% after Federal Reserve Chairman Jerome Powell announced a policy adjustment and hinted at a possible 25 basis point interest rate cut at the next meeting on September 18. This unexpected news has led to Bitcoin’s recent volatility, with prices swinging unpredictably in recent…
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Bitcoin (BTC) Ready To Break Past $65,000, On-Chain Data Shows
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Yesterday, Bitcoin (BTC) surged more than 6% after Federal Reserve Chairman Jerome Powell announced a policy adjustment and hinted at a possible 25 basis point interest rate cut at the next meeting on September 18. This unexpected news has led to Bitcoin’s recent volatility, with prices swinging unpredictably in recent…
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Earnings season was a better guide to the economy than the data
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Walmart CEO Doug McMillon The stock market’s big turnaround in August was impressive in many ways, but when I step back, there’s a big question being asked and answered: Is the Fed behind the curve? This issue involves a set of assumptions about the US economy, and if we look…
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Euro and pound hold near 13-month highs, euro zone data in focus By Reuters
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By Kevin Buckland and Alun John TOKYO/LONDON (Reuters) – The euro held near its highest in more than a year against the dollar on Thursday after strong euro zone business activity data and ahead of euro zone wage figures that will shape the European Central Bank’s interest rate path. The…
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Japan will release July inflation data on Friday (tomorrow)
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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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Japan will release July inflation data on Friday (tomorrow)
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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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Dollar hits year low versus euro as traders await data and Powell By Reuters
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By Kevin Buckland TOKYO (Reuters) – The dollar fell to its lowest level this year against the euro on Wednesday as traders braced for potentially crucial revisions to U.S. jobs data later in the day, ahead of a speech by Federal Reserve Chairman Jerome Powell at the end of the…
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New Zealand data, July trade balance -963m (prior +585m)
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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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Federal Reserve Chair Powell to retain optionality, more data to come before Sept meeting
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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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Goldman Sachs cut its US recession probability after last week’s data, see 25bp Sept cut
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A note from the economists at the investment bank. I haven’t seen it yet, but the news agencies are carrying the highlights. In summary: It lowered its forecast for a U.S. economic contraction from 25% to 20%, and said it could lower the forecast further to 15% if the August…