Category: Data
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UBS raises EUR/USD forecast amid US data and Fed rate cut prospects By Investing.com
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UBS revised its exchange rate forecasts, citing a lack of strength in the US dollar despite expectations that some political events would support it. Contrary to these expectations, gold and bitcoin prices rose, but not the US dollar. UBS’s adjustment reflects a complex interplay of factors, including recent weak U.S.…
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UBS raises EUR/USD forecast amid US data and Fed rate cut prospects By Investing.com
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UBS revised its exchange rate forecasts, citing a lack of strength in the US dollar despite expectations that some political events would support it. Contrary to these expectations, gold and bitcoin prices rose, but not the US dollar. UBS’s adjustment reflects a complex interplay of factors, including recent weak U.S.…
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UBS raises EUR/USD forecast amid US data and Fed rate cut prospects By Investing.com
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UBS revised its exchange rate forecasts, citing a lack of strength in the US dollar despite expectations that some political events would support it. Contrary to these expectations, gold and bitcoin prices rose, but not the US dollar. UBS’s adjustment reflects a complex interplay of factors, including recent weak U.S.…
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Israeli hybrid data cloud co CTERA raises $80m
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Israeli hybrid cloud data management company CTERA announced today that it has raised $80 million in seed and secondary funding led by PSG Equity. Following the deal, PSG Managing Director Ronen Nir has joined CTERA’s board of directors alongside existing shareholders Benchmark, Bessemer Venture Partners, and Red Dot Capital Partners.…
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Inflation data stays in focus in the session ahead
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The UK release will be the key release to watch, especially as a BoE rate cut in August remains a close possibility. Headline annual inflation is forecast to ease to 1.9%, but core annual inflation is expected to hold steady at 3.5%. Services inflation is holding steady and policymakers will…
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US retail sales gains more attention as Japan eyes big data to intervene
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The latest yen intervention effort is an out-of-the-ordinary move as Japan appears to be trying out a new strategy. It is relying on weaker US data to push the USD/JPY pair down in particular. Previous: Bank of Japan data suggests Japan also intervened in the foreign exchange market on July…
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US data focus for Tuesday – June 2024 retail sales – the range of expectations to watch
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On Tuesday at 12:30 GMT, or 08:30 EST, we will get retail sales for June 2024. Consensus forecasts are shown in the table below. This image is taken from ForexLive’s economic data calendar, You can access it here.. As for the ranges, for monthly retail sales: Data results that fall…
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Over $35M Laundered from DMM Bitcoin Hack Through Huione Guarantee: Data
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More than $35 million of the stolen funds from the $305 million DMM Bitcoin hack were laundered through Huione Guarantee, an online marketplace run by Cambodia’s Huione Group. It is interesting to note that this platform is part of a company linked to the ruling family in Cambodia and has…
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Janet Yellen is a fan of ‘Diners, Drive-ins and Dives’ and visiting restaurants to go beyond economic data
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Janet Yellen has been at the top of economic policymaking for decades, having previously served as chair of the Federal Reserve, president of the Federal Reserve Bank of San Francisco, and chair of the White House Council of Economic Advisers, among other roles, before becoming Treasury secretary. But her visits…
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UMich consumer sentiment data coming up next
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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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US stock futures steady as Wall St falls after CPI data; Q2 earnings awaited By Investing.com
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U.S. stock index futures were flat in overnight trading Thursday as Wall Street took a hit from profit-taking even as inflation showed signs of slowing, with focus now shifting to the second-quarter earnings season. The index settled at 5,641.50 points, while it settled at 20,444.25 points by 19:03 ET (23:03…
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US regulators fine Citi $136 million for failing to fix longstanding data issues By Reuters
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By Michelle Price, Beth Schroeder, and Tatiana Bautzer WASHINGTON (Reuters) – U.S. banking regulators have fined Citigroup Inc $136 million for making “insufficient progress” in fixing data management issues identified in 2020 and required the bank to demonstrate it is devoting sufficient resources to the effort. The U.S. Federal Reserve…
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EIA Bitcoin Mining Data Collection Webinar: A Summary of the Discussions
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A webinar hosted by the Energy Information Administration today outlined its plans for future efforts on targeted data collection surveys of U.S. bitcoin mining operations after reaching an agreement on March 1 of this year to halt the previous emergency survey and destroy all records collected during its operation. They…
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EIA Bitcoin Mining Data Collection Webinar: A Summary of the Discussions
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A webinar hosted by the Energy Information Administration today outlined its plans for future efforts on targeted data collection surveys of U.S. bitcoin mining operations after reaching an agreement on March 1 of this year to halt the previous emergency survey and destroy all records collected during its operation. They…
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Will Bitcoin Bounce Back? Traders Place Their Bets on a Rocky Q4, Data Shows
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So far, Bitcoin has seen significant volatility in the recent trading session, indicating weak investor sentiment. Earlier today, the coin surged to $57,300. However, the coin now appears to have lost ground after reaching this level as it is trading at $55,966, down 1.6%. This increase in volatility suggests that…
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Will Bitcoin Bounce Back? Traders Place Their Bets on a Rocky Q4, Data Shows
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So far, Bitcoin has seen significant volatility in the recent trading session, indicating weak investor sentiment. Earlier today, the coin surged to $57,300. However, the coin now appears to have lost ground after reaching this level as it is trading at $55,966, down 1.6%. This increase in volatility suggests that…
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Bitcoin Starts July On A Bearish Note, Will CPI Data Change The Narrative This Week?
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The start of July was not as positive for the Bitcoin and cryptocurrency markets as previously expected due to a number of events that shook the market. For example, the Ethereum ETF did not launch on July 2nd as expected, and the US and German governments reportedly sold large amounts…
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Dollar stabilizes ahead of key inflation data; euro gains By Investing.com
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Investing.com – The U.S. dollar was steady in early European trade on Monday ahead of key inflation data, while the euro rose as traders digested the results of the French parliamentary election. At 04:25 ET (09:25 GMT), the dollar index, which tracks the greenback against a basket of six other…