Category: High
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Bitcoin ATM installations reach 38k, below the all-time high
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The global Bitcoin ATM market has witnessed significant growth. There are now more than 38,000 Bitcoin ATMs worldwide, up from just over 10,000 in October 2020 and down 2,000 from an all-time high (ATH) of around 40,000 in December 2022. according to Data According to Coin ATM Radar, the total…
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High Court Magnifies Biden’s Misery by Kneecapping Policy Agenda
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Breadcrumbs Path Links PMN Business The U.S. Supreme Court’s sweeping decision to curtail the power of the executive branch, coming hours after President Joe Biden’s poor debate performance, makes it harder for his administration to achieve its biggest political ambitions ahead of the November election. Article author: Bloomberg News Courtney…
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At the close: S&P 500 reverses lower after touching a fresh record high
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SPX daily Closing changes: The S&P 500 fell 0.4%. Nasdaq down 0.7% Russell 2000 +0.1% Dow Jones Industrial Average -0.1% Toronto TSX Companies -0.5% The S&P 500 closed the first half of the year up 14%, but today’s pullback from its all-time high is somewhat ominous. Against this backdrop, however,…
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Asia FX muted as dollar nears 2-mth high; yen crosses intervention levels By Investing.com
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Investing.com – Most Asian currencies moved little on Thursday as traders remained largely biased towards the dollar in anticipation of more major US economic signals. The focus was also on possible government intervention in the Japanese yen, which broke above levels that had prompted government intervention in May. Sentiment towards…
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Japanese yen weakens, USDJPY hits 38-year high despite intervention fears By Investing.com
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Investing.com — The Japanese yen fell further on Thursday, with the USD/JPY pair rising to its highest points in 38 years while surpassing previous levels that traders believed would attract Japanese government intervention. The yen pair, which measures the number of yen needed to buy one dollar, rose to 160.81…
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Australia’s Headline CPI Jumped to Six-Month High of 4.0% in May
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The Australian CPI report for May surprised market expectations, with headline inflation rising from 3.6% to 4.0% y/y in May versus consensus of 3.8%. Components of the report indicated that the gains were driven by increases in housing, transportation, and tobacco prices. Link to Australian CPI report for May 2024…
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Chinese yuan softens, USDCNY at 7-mth high on weak fix, trade jitters By Investing.com
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Investing.com — The Chinese yuan fell on Tuesday, with the key USD/CHN yuan pair hitting a seven-month high after a weak mid-term reform by the People’s Bank of China, while concerns about the trade war with the West were also present. The yuan pair, which measures the number of yuan…
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Little-Known But Important Dogecoin Indicator Goes Off, How High Can It Drive Price?
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Dogecoin price falling It may end very soonAccording to a little-known but important indicator called Gaussian Channel (GC). As recently pointed out by a cryptocurrency analyst known as Trader Tardigrade, the Gaussian channel has recently been flashing green on the DOGE weekly chart, indicating that the cryptocurrency may rally to…
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Little-Known But Important Dogecoin Indicator Goes Off, How High Can It Drive Price?
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Dogecoin price falling It may end very soonAccording to a little-known but important indicator called Gaussian Channel (GC). As recently pointed out by a cryptocurrency analyst known as Trader Tardigrade, the Gaussian channel has recently been flashing green on the DOGE weekly chart, indicating that the cryptocurrency may rally to…
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Don’t Be A Loser!” Robert Kiyosaki Dismisses High Prices As A ‘Lame Excuse’ For Retail Investors To Miss Out On Bitcoin
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The world of finance and investing is constantly evolving, with new opportunities and challenges emerging every day. In this ever-changing landscape, one person is constantly making headlines for his bold and unorthodox opinions – Robert Kiyosaki, the acclaimed author of the best-selling book Rich Dad Poor Dad. Kiyosaki, known for…
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Saudi Arabia Attracts British Lawyers with Lavish Perks and High Salaries
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Crown Prince Mohammed bin Salman is luring British lawyers to work on mega projects in Saudi Arabia with luxury benefits, including free housing and private school fees for their children. These concessions are part of a broader strategy to attract the best talent to help achieve the Crown Prince’s Vision…
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Reserve Bank of Australia meet Monday & Tuesday, likely cash rate hold @ 4.35%, 12 yr high
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The Reserve Bank of Australia meets today and tomorrow, Monday 17 June 2024 and Tuesday 18 June 2024. The bank’s decision is scheduled to be issued at 2.30pm Sydney time on Tuesday This is 0430 GMT and 0030 EST RBA Governor Bullock will hold her press conference an hour later,…
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Retail stocks search for direction as rates stay high By Reuters
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Written by David Randall and Louis Krauskopf NEW YORK (Reuters) – Rising U.S. interest rates are weighing on the U.S. retail sector, with several companies’ stocks hurt by months of tight monetary policy while the shares of a few companies rose. The consumer discretionary distribution and retail index is up…
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The Nasdaq closes at a new record high for the 5th consecutive day
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The Nasdaq closed at a new record high on Monday at 17,192.53. It did the same thing on Tuesday, Wednesday, Thursday and again today to extend the streak of consecutive closing highs to five trading days. The S&P was in a similar move this week, but closed marginally lower today…
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Novo Nordisk CEO to testify in US Senate hearing on high cost of Ozempic, Wegovy By Reuters
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(Reuters) – Novo Nordisk (NYSE:) CEO Lars Jorgensen has agreed to voluntarily testify at a hearing focusing on U.S. prices for weight-loss drugs Ozempic and Wegovy, the Senate Committee on Health, Education, Labor and Pensions said on Friday. A vote by the US Senate Health Committee, which was scheduled to…
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Turkish Lira hits record high in crypto market share, surpassing EUR
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The Turkish Lira (TRY) has become the third largest fiat currency used in cryptocurrency trading. according to Report from Caico ResearchThe growing market share of the Turkish Lira has pushed it to surpass the Euro (EUR), capturing 19% of the market share. This was an all-time high for the coin,…
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Dollar hits four-week high before Wednesday’s inflation report By Reuters
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Written by Karen Brettell NEW YORK (Reuters) – The dollar hit a four-week high on Tuesday ahead of an upcoming inflation report that is likely to influence the timing of the Federal Reserve’s first interest rate cut, while the euro came under pressure due to political uncertainty. In the region.…
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Moody’s Drops Bombshell On Crypto Industry Amid High Interest Rate Cuts
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Moody’s Analytics Chief Economist Mark Zandi gave his opinion on a possible interest rate cut ahead of the meeting US Federal Reserve decision. The cryptocurrency community is closely monitoring this event, given how it will impact the cryptocurrency market. The US Federal Reserve should lower interest rates Zandi mentioned during…
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Sterling hits 22-month high against bruised euro By Reuters
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LONDON (Reuters) – The pound hit its highest level in almost two years against the euro on Monday, although it fell against the dollar as the single currency fell after French President Emmanuel Macron called early elections after his defeat in a pro-European Union vote before parliament. Far right. The…
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Bitcoin Transactions Hit Yearly High: Over $25 Billion Transferred
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While the price of Bitcoin is stagnant below a major resistance level, the blockchain has achieved a remarkable milestone before the end of the month. On May 28, transactions on the Bitcoin network exceeded $25 billion in estimated value, marking the highest level in US dollar terms over the past…