Category: Data
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Bitcoin Data Suggests Strong Upside Potential As BTC Delivers $264M In Average Net Profit
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Bitcoin is now trading at a critical level after a 5% decline from its recent local highs of around $66,500. The entire cryptocurrency market is experiencing volatility, yet investors remain optimistic about the coming months. The Federal Reserve’s decision to cut interest rates significantly boosted market sentiment, raising expectations of…
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Bitcoin Data Suggests Strong Upside Potential As BTC Delivers $264M In Average Net Profit
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Bitcoin is now trading at a critical level after a 5% decline from its recent local highs of around $66,500. The entire cryptocurrency market is experiencing volatility, yet investors remain optimistic about the coming months. The Federal Reserve’s decision to cut interest rates significantly boosted market sentiment, raising expectations of…
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USDJPY Technical Analysis – Eyes on the US data this week
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Basic overview The US dollar got a little support yesterday as Fed Chair Powell reiterated that 50 basis points easing by the end of the year remains the base case. The market probability of a 50 basis point Fed cut in November fell from 51% to 40%. Moreover, the Bank…
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This week’s economic data could be ‘hugely bullish’ for stocks
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Friday’s monthly jobs report, along with a slew of other economic data scheduled for release this week, will likely push the stock market higher if it surprises to the upside. That’s because any evidence that the Fed is cutting interest rates amid an ideal backdrop of continued economic growth, a…
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California enacts car data privacy law to curb domestic violence By Reuters
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Written by Dan Levin and Christina Cook (Reuters) – California Governor Gavin Newsom signed a bill requiring automakers that sell connected cars to do more to protect survivors of domestic violence, a move that could expand those safeguards across the country. As automakers add ever more sophisticated technology to their…
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Dollar stabilizes ahead of Powell speech, payrolls data By Investing.com
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Investing.com – The US dollar was steady on Monday, as traders awaited Federal Reserve Chairman Jerome Powell’s speech later in the session ahead of Friday’s key employment report. At 04:25 EST (08:25 GMT), the dollar index, which tracks the US currency against a basket of six other currencies, fell marginally…
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USD/JPY higher to open the week – update after weekend news and Monday data
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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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Bitcoin Price To Witness Significant Gains In Last 3 Months Of 2024, Historical Data Shows
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Opeyemi is a skilled writer and enthusiast of the exciting and unique world of cryptocurrencies. Although the digital asset industry was not his first choice, he has remained quite drawn since he forayed into this space over the course of two years. Now, Opeyemi takes pride in creating unique pieces…
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Bitcoin Price To Witness Significant Gains In Last 3 Months Of 2024, Historical Data Shows
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Opeyemi is a skilled writer and enthusiast of the exciting and unique world of cryptocurrencies. Although the digital asset industry was not his first choice, he has remained quite drawn since he forayed into this space over the course of two years. Now, Opeyemi takes pride in creating unique pieces…
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Dollar weakens after inflation data, Yen surges on Ishiba win By Reuters
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Written by Chuck Mikolajczak NEW YORK (Reuters) – The dollar fell on Friday after a U.S. inflation reading indicated continued easing of price pressures, while the yen rose against the greenback after Shigeru Ishiba, seen as an interest rate hawk, became Japan’s prime minister. Next. . The U.S. personal consumption…
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Powell Speech and Jobs Data to Help Clarify Fed Rate Path
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Breadcrumb links BMN Business Fed policymakers’ appetite for another big interest rate cut in November may come into better focus next week as Jerome Powell addresses economists and the government releases new employment numbers. Article writer: Bloomberg News Vince Juhl and Craig Sterling Posted on September 28, 2024 • 6…
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The USD is lower on PCE data. What are the technicals telling us in EURUSD, USDJPY &GBPUSD
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US PCE data was below expectations and helped push the US dollar lower. For EURUSD, the price moved above the swing zone between 1.1181 and 1.11897. Next targets are at 1.1200 and this week’s high at 1.12130. Passing these levels will make traders target the 61.8% retracement of the downward…
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Maximizing Bitcoin Gains with ETF Data
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Maximizing Bitcoin Gains Using ETF Data Since the introduction of Bitcoin exchange-traded funds (ETFs) in early 2024, Bitcoin has reached all-time highs, with several months of double-digit gains. However, as impressive as this performance is, there is a way to significantly outperform Bitcoin’s returns by using ETF data to guide…
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Maximizing Bitcoin Gains with ETF Data
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Maximizing Bitcoin Gains Using ETF Data Since the introduction of Bitcoin exchange-traded funds (ETFs) in early 2024, Bitcoin has reached all-time highs, with several months of double-digit gains. However, as impressive as this performance is, there is a way to significantly outperform Bitcoin’s returns by using ETF data to guide…
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Fed’s Bowman: Data points continue to show economic strength
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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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S&P, Dow open higher after fresh inflation, consumer spending data By Investing.com
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Investing.com – U.S. stocks opened mostly higher on Friday after a batch of new economic data showed that the Federal Reserve’s preferred measure of inflation had slowed near its 2% target and that consumer spending growth was broadly flat. By 09:39 ET (13:39 GMT), the index had added 8 points,…
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US Stock Futures Post Modest Gains After PCE Data: Markets Wrap
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(Bloomberg) — U.S. futures rose slightly after long-awaited economic data highlighted a slowing economy and boosted bets on further interest rate cuts by the Federal Reserve. Most read from Bloomberg Contracts on the S&P 500 rose 0.1% after the underlying index reached its 42nd highest closing level this year. The…
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Europe’s STOXX 600 off record highs ahead of US data By Reuters
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Written by Pranav Kashyap (Reuters) – European stocks retreated from record highs reached earlier on Friday, as caution prevailed ahead of important US data, although gains in Moncler and luxury goods stocks limited further declines in prices. The European index settled at 526.32 points. The benchmark index hit an all-time…
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Bitcoin’s Liquidation Data Signals a Possible Trend Reversal—Here’s Why
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Bitcoin price movements and market sentiment are often linked to positions held by traders across the board. In this regard, A vision CryptoQuant analyst Amr Taha highlights the potential importance of Bitcoin’s long and short liquidation deltas, indicating a shift in market attitude. This indicator, according to Common View, provides…
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Bitcoin’s Liquidation Data Signals a Possible Trend Reversal—Here’s Why
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Bitcoin price movements and market sentiment are often linked to positions held by traders across the board. In this regard, A vision CryptoQuant analyst Amr Taha highlights the potential importance of Bitcoin’s long and short liquidation deltas, indicating a shift in market attitude. This indicator, according to Common View, provides…