Category: Data
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X hit with Austrian data use complaint over AI training By Reuters
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VIENNA (Reuters) – Austrian civil rights group NOYB on Monday filed a complaint against social media platform X, accusing the Elon Musk-owned company of training its artificial intelligence using users’ personal data without their consent in violation of European Union privacy law. The group led by privacy activist Max Schrems…
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US data will keep markets in check for now
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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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Yen slips, markets brace for US inflation data By Reuters
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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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Asian Equities Advance Ahead of Busy Data Week: Markets Wrap
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(Bloomberg) — Asian stocks rose for a second straight session as markets shifted focus to key U.S. data this week for more insight into the health of the world’s largest economy. Most Read from Bloomberg Stocks in the region rose on Monday, after rising 1.5% on Friday. Benchmarks in Australia…
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Asia FX ticks lower, dollar steadies ahead of CPI data By Investing.com
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Most Asian currencies fell slightly on Monday as traders shifted slightly towards the dollar ahead of key U.S. inflation data this week, which is expected to provide further clues on interest rates. Regional trading volumes were limited due to a Japanese market holiday, which also saw the yen weaken slightly…
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US stock futures steady as inflation data looms By Investing.com
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Investing.com – U.S. stock index futures were in a narrow range in overnight trade on Sunday as Wall Street saw some stability after last week’s wild swings, with focus shifting to key inflation data due this week. Wall Street indexes initially posted sharp losses last week, but ended the week…
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Newsquawk Week Ahead: US CPI & Retail Sales; UK CPI & Jobs data; Aussie jobs and RBNZ
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12th-16th August 2024 Mon: OPEC Monthly Oil Market Report; Japanese Market Holiday (Mountain Day), German Retail Sales (May), Indian Trade Balance (Jul)Tue: IEA Oil Market Report, Australian Wage Price Index (Q2), UK Jobs (Jun/Jul), German ZEW Survey (Aug), US PPI (Jul)Wed: RBNZ Announcement and Quarterly MPS, Bank of Israel Announcement,…
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Dollar steady after volatile week; CPI data looms large By Investing.com
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Investing.com – The U.S. dollar was steady on Friday, trading near a one-month high after stronger-than-expected U.S. jobless claims eased fears of an impending recession in the world’s largest economy. At 04:15 ET (09:15 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was…
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Crude Oil Technical Analysis – Weak US data weighs on the market
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Basic Overview Crude oil prices fell sharply in the latter half of last week as some very weak US data came out, first the ISM manufacturing PMI and then the non-farm payrolls report. The market eventually rebounded on Monday and extended its gains yesterday, with the appointment of a new…
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Blackrock Unshaken Despite Recent Bitcoin Market Crash, Data Shows
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Meet Samuel Ideyemi, nicknamed HIM-buktu. A web3 content writer, journalist, and aspiring trader, Ideyemi is a multi-talented person. With his flair for words and sense of trends, he has written for several industry players, including AMBCrypto, Blockchain.News, Blockchain Reporter, and more. Edemi’s adventure into the world of cryptocurrencies was cinematic.…
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Dollar hits four-month low as weak US jobs data boosts rate cut bets By Reuters
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By Karen Brittl NEW YORK (Reuters) – The U.S. dollar fell to a four-month low on Friday after a weaker-than-expected July employment report raised expectations the Federal Reserve will cut interest rates by 50 basis points in September as the economy deteriorates. Employers added 114,000 jobs, missing expectations for a…
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Forexlive Americas FX news wrap 2 Aug: Bond market cuts rate for Fed after weak jobs data
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After some amazing earnings/revenue numbers from Amazon after the shutdown (revenue declines and slower consumer concerns), and a day of bad news yesterday, markets got another dose of “weakness” today in the US jobs report. The US nonfarm payrolls report for July 2024 showed a gain of just 114,000 jobs,…
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Dollar falls as data points to economic slowdown; sterling weak By Investing.com
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Investing.com – The U.S. dollar fell in early European trade on Friday after weak data fueled concerns of a sharp slowdown in the world’s largest economy, which could prompt the Federal Reserve to ease monetary policy significantly. At 04:00 ET (09:00 GMT), the dollar index, which tracks the greenback against…
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Holding Bitcoin Has Been Profitable for 98.5% of Its Existence, Data Shows
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according to Bitcoin Pro Magazine According to the data, holding Bitcoin has been profitable for 98.5% of its existence. The data reveals that out of the last 5,096 days since Bitcoin began trading, holding Bitcoin has been profitable for 5,020 days compared to the current price of around $66,500 per…
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Japan spent $36.8 billion in July intervention, official data shows By Reuters
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By Kevin Buckland TOKYO (Reuters) – Japanese authorities spent 5.53 trillion yen ($36.8 billion) intervening in the foreign exchange market this month to lift the yen from a 38-year low, official data showed on Wednesday. The Finance Ministry figures confirmed the doubts of traders and analysts following the sharp rise…
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Crypto Analyst Uses Historical Data To Predict When Bitcoin Price Will Reach $200,000
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the Bitcoin price expected to reach 6 figures For several years, this goal has remained elusive for cryptocurrencies. However, with experts predicting that cryptocurrencies will see a price surge, six-figure Bitcoin price predictions have once again emerged. One crypto analyst has gone even further, predicting when Bitcoin will hit $200,000…
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Australia Rate-Hike Debate Set to Crescendo With Inflation Data
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Breadcrumbs Path Links PMN Business The debate over whether the Reserve Bank of Australia needs to tighten monetary policy late in the cycle is likely to be resolved with the release of quarterly inflation data this week – and the currency is set to be affected by the fallout. Article…
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US inflation (PCE) data due imminently – here is the critical range to watch
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I posted this during the Asian time zone, and I’m repeating it here. Before I do that, check this out: — The core personal spending data is due at 0830 ET and is the focus of attention. You can see the median estimates below in the table. The ranges for…
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US PCE data is the key release today
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Today’s data could help the Fed make its decision next week (and beyond), as the “preferred measure of inflation” (core PCE) will be released at 8:30 a.m. ET. Personal spending and spending (and personal income and spending) data will highlight the economic data review due out today, along with the…