Category: July
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New Zealand data, July trade balance -963m (prior +585m)
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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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Economists expect Japan’s CPI to have ticked higher in July
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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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Retail sales soar past Wall Street estimates in July
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Retail sales beat Wall Street estimates in July, helping ease concerns about a major slowdown in the U.S. economy. Retail sales rose 1% in July. Economists had expected a 0.4% increase in spending, according to Bloomberg data. Meanwhile, retail sales in June were revised down to a 0.2% decline, from…
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US federal budget deficit for July -$244.00 billion versus -$242.00 billion estimate
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US budget deficit in July: $244 billion, up 10% from a year earlier. The revised deficit would be $45 billion lower due to calendar differences. The deficit increase was mainly due to lower spending on benefits in July. Receipts and Expenses July revenue: $330 billion, up 20% year-over-year; adjusted increase:…
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Canada July employment change -2.8K vs +22.5K expected
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Previous month -1.4k Employment change -2.8K vs. +22.5K expected Unemployment rate 6.4% vs. 6.4% expected (up 0.9% y/y) Employment rate in the previous month 6.4% Full-time employment +62.0K vs. -3.4K previously Part-time work -64.4 thousand vs. +1.9 thousand previously Participation rate 65.0% vs. 65.3% previously Average hourly earnings on an…
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BofA: What we expect from next week’s US July inflation print
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US Consumer Price Index yy Bank of America expects a partial reversal of the June inflation surprise in the upcoming July CPI report, with modest increases in both headline and core CPI expected, which could influence the Fed’s decision to cut interest rates in September. Key points: Expected CPI: Monthly…
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Warm weather boosts UK retail sales in July, but big purchases still lag behind
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The delayed arrival of warm summer weather helped UK retail sales rebound in July, according to industry data, even as shoppers continued to avoid big purchases amid an ongoing cost of living crisis. Total UK retail sales rose 0.5% year-on-year in July, data from the British Retail Consortium showed. This…
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On-Chain Activity Surges in July, Stats Show
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The ongoing decline in the cryptocurrency market as a whole began in July with the global cryptocurrency market cap initially falling to $2.5 trillion from $2.7 trillion earlier in May. However, despite this July decline, Cardano (ADA), the ninth-largest cryptocurrency by market cap, appears to have defied the downward trend.…
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Japan’s shares plunge more than 10% extending sell-offs; July services PMI revised downwar
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ronniechua/iStock via Getty Images The Nikkei 225 index fell more than 10% to around 31,135 while the broader Topix lost 6.5% to 2,370 early Monday, with both indexes hitting seven-month lows on concerns about rising interest rates in Japan and also under pressure from safe-haven buying. Amid global stock sell-offs…
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Bitcoin spirals below $55k for first time since July 13
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The cryptocurrency market decided to decline sharply over the weekend, with Bitcoin falling below $60,000 for the first time since July 13. Observers have taken to X.com to blame the sharp drop on a combination of factors, including Israel’s readiness for potential attacks from Iran and Hezbollah, with warnings of…
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Bitcoin spirals below $55k for first time since July 13
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The cryptocurrency market decided to decline sharply over the weekend, with Bitcoin falling below $60,000 for the first time since July 13. Observers have taken to X.com to blame the sharp drop on a combination of factors, including Israel’s readiness for potential attacks from Iran and Hezbollah, with warnings of…
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Premium Forex Watch Recaps: July 29 – 31, 2024
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This week, the calendar has provided a number of important catalysts, and our strategists have decided to focus on the Australian CPI update and the Bank of England Monetary Policy Statement to discuss the price outlook this week. Of the four scenario/price outlook discussions this week, It can be said…
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Israeli startups raised over $700m in July
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Israeli startups raised $5.2 billion in the first seven months of 2024 as the tech sector continues its upward trend and recovery in recent months. Israeli startups raised more than $700 million in July 2024, according to press releases seen by Globes. The number could be higher as some companies…
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Bitcoin Whales Scoop Up 84000 Bitcoins In July 24
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Image from Pexels The cryptocurrency market has been volatile in recent months, with Bitcoin (BTC) experiencing price declines and periods of consolidation. However, amidst this volatility, a notable trend has emerged – the massive accumulation of Bitcoin by large-scale investors, often referred to as “Bitcoin whales.” In a remarkable display…
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Bitcoin Whales Scoop Up 84000 Bitcoins In July 24
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Image from Pexels The cryptocurrency market has been volatile in recent months, with Bitcoin (BTC) experiencing price declines and periods of consolidation. However, amidst this volatility, a notable trend has emerged – the massive accumulation of Bitcoin by large-scale investors, often referred to as “Bitcoin whales.” In a remarkable display…
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Global Market Weekly Recap: July 29 – August 2, 2024
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The usual correlations between major assets were not in evidence at the start of the week as top-tier data releases sparked volatile price reactions and individual directional moves. Interest rate developments in the US, Japan and the UK were at the forefront, although tensions in the Middle East and US…
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Number of bets on Polymarket surpassed 1.5m in July
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The blockchain-based prediction market Polymarket has seen incredible growth in the past month, especially since the US election debate began. According to data provided by Dune Analytics, the total number of bets on Polymarket surpassed 1.5 million in July. The total number of bets since the launch of the market…
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Number of bets on Polymarket surpassed 1.5m in July
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The blockchain-based prediction market Polymarket has seen incredible growth in the past month, especially since the US election debate began. According to data provided by Dune Analytics, the total number of bets on Polymarket surpassed 1.5 million in July. The total number of bets since the launch of the market…
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Michael Saylor’s MicroStrategy Bought 169 Bitcoin For $11.4 Million In July
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MicroStrategy Incorporated (Nasdaq: MSTR) announced its second-quarter 2024 financial results, revealing an increase in its bitcoin holdings. The company acquired 12,222 bitcoins since the start of the quarter, at an average price of $65,882 per bitcoin, bringing its total holdings to 226,500 bitcoins, purchased for $8.3 billion at an average…