Category: July
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Chile Holds Interest Rate at 5% in First Easing Pause Since July
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(Bloomberg) – The Central Bank in Chile stopped the reductions of interest rates and left all options on the table for future borrowing cost adjustments, noting the increasing uncertainty as well as the risks of local and global inflation. Most of them read from Bloomberg Policymakers led by Rosana Costa…
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Chainlink Hits $13.5 For The First Time Since July – Smart Money Accumulation?
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This article is also available in Spanish. Chainlink (LINK) has rallied impressively over the past few days, surpassing the critical $13 resistance level and posting a notable gain of 35%. This latest breakout has sparked optimism among analysts and investors, as LINK has faced strong resistance around the $13 level…
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USDJPY breaks higher this week and extends above the 38.2% of move down from July 3 high
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As the week comes to a close, USDJPY is trading near intraday and week highs. Today’s move higher after the unexpected US jobs report was able to lift the price above the ceiling of the key swing area around the 147.33 level and also above the 38.2% retracement of the…
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Japan top FX diplomat says yen shorts that had been built up until July have been unwound
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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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AUDUSD buyers take the price of the pair to highest level since July 2024
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The AUDUSD pair is moving higher today. The Reserve Bank of Australia kept interest rates unchanged: The Reserve Bank of Australia (RBA) was the latest central bank to announce its policy target when it left the cash rate unchanged at 4.35% in September 2024, as expected. The central bank noted…
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U.K. Economic Growth Stagnated in July 2024
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The latest update on UK economic activity reveals a stagnant picture for July 2024, with flat GDP growth and mixed performance across sectors, likely leaving the Bank of England in a delicate position as it considers future monetary policy decisions. Key points: UK GDP recorded no growth (0.0%) in July…
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Japan data – July household spending +0.1% y/y (expected +1.2%)
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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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Australian July Trade Balance is a surplus of AUD 6.009bn (expected 5.15bn)
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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 international trade balance for July $-78.8 billion versus – $-79.0 billion estimate
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Previous month -$73.1 billion revised to -$73.0 billion Goods trade balance -$102.84 billion vs -$96.56 billion Services surplus $24.3 billion vs. $24.2 billion last month Other details: Exports +0.5% vs. +1.7% last month. Imports rose by +2.1% compared to +0.6% in the previous month. Total exports amounted to $266.6 billion…
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US international trade balance for July $-78.8 billion versus – $-79.0 billion estimate
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Previous month -$73.1 billion revised to -$73.0 billion Goods trade balance -$102.84 billion vs -$96.56 billion Services surplus $24.3 billion vs. $24.2 billion last month Other details: Exports +0.5% vs. +1.7% last month. Imports rose by +2.1% compared to +0.6% in the previous month. Total exports amounted to $266.6 billion…
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US July core PCE +2.6% y/y vs +2.7% expected
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Previous was +2.6% Core Personal Spending +0.2% MoM vs. +0.2% Expected (Unrounded +0.161%) Previous M/M +0.2% Core PCE inflation rose to +2.5% YoY vs. +2.6% expected (+2.5%) Deflator +0.2% MoM vs. +0.2% Expected (previous was +0.1%) Unrounded m/m +0.155% Consumer Spending and Income for July: Personal income +0.3% vs. +0.2%…
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Dallas Fed trimmed mean PCE price index for July 1.7% versus 1.8% in June
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Average 12-month reduction was 2.7% versus 2.8% previously. Looking at the data, we see some notable changes: Eggs: a massive 90.9% increase (1-month annual change) Window coverings: significant decrease of -27.3% Used Cars: Huge drop of -25.2% Jewelry: Significant decrease of -20.4% Natural Gas: Down -7.7% Physician services: slight decrease…
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U.S. Core PCE Prices Held Steady in July as Consumer Spending Rises
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The latest US economic data suggests that inflation will remain stable in July 2024, while consumer spending will increase, according to figures released today by the Bureau of Economic Analysis (BEA). The core personal consumption expenditures (PCE) price index, a key inflation gauge closely watched by the Federal Reserve, rose…
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Australia’s Inflation Cooled To Multi-month Lows But Remained Sticky High In July
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Data from the Australian Bureau of Statistics showed that inflation in Australia rose by 3.5% YoY in Julyslower than the 3.8% increase in June and the lowest since March but higher than the 3.4% rise markets had expected. One reason for the decline may be that the expanded Commonwealth Energy…
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China’s January – July industrial profits rise 3.6% YoY
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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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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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Canada’s July Headline CPI Fell to Its Slowest Pace In Three Years at 2.5%
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As widely expected, most inflation measures in Canada’s July CPI report reflected a slowdown in price pressures during the month. While the headline CPI showed a 0.4% monthly rebound as expected, the annual reading fell from a 2.7% year-on-year increase in June to just 2.5% in July — its lowest…
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Vermont businesses crippled by July flooding and storms
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Two floods Storms that hit in July have crippled businesses and tourist destinations in an economically depressed area of northern Vermont, with some remaining closed as they repair damage and others urging weather-deterred visitors to make the trip. The Kingdom’s trails, a popular destination for mountain bikers, attract tens of…