Category: June
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US June retail sales 0.0% versus -0.3%
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Previous month 0.1% revised to +0.3% Retail sales were $704.3 billion, compared to $704.5 billion the previous month. details: Retail Sales 0.0% vs. -0.3% Estimate Retail sales YoY +2.3% Previous cars 0.4% vs. 0.0% estimates Previous excluding autos -0.1% revised to 0.1% Control group 0.9% vs. 0.2% estimate Control group…
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June CPI up 0.1% as housing prices jump again
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Israel’s consumer price index rose 0.1% in June, in line with expectations. In the 12 months to the end of June 2024, the inflation rate rose slightly to 2.9% from 2.8% at the end of May, according to figures released by the Central Bureau of Statistics today. Inflation thus remains…
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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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Crypto CEX volume declined 17% in June: report
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The decline in Bitcoin prices and the overall market cap of cryptocurrencies has coincided with a decline in trading activity on centralized exchanges like Binance. Data from the WuBlockchain team revealed that spot cryptocurrency trading volumes on centralized exchanges (CEXs) fell 17% month-on-month (MoM) in June. Bitcoin (BTC) fell by…
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Crypto CEX volume declined 17% in June: report
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The decline in Bitcoin prices and the overall market cap of cryptocurrencies has coincided with a decline in trading activity on centralized exchanges like Binance. Data from the WuBlockchain team revealed that spot cryptocurrency trading volumes on centralized exchanges (CEXs) fell 17% month-on-month (MoM) in June. Bitcoin (BTC) fell by…
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EURUSD extends to swing area/high from June
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EURUSD extends into swing territory As with GBP/USD, EUR/USD has reached fresh highs as European traders look to exit the week. The move takes the price towards the June 2024 high at 1.0915 and a longer swing area between 1.0909 and 1.0918. A break of this area would be required…
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Mortgage taking in Israel fell in June
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Mortgage takings last month fell slightly compared to May, but were 18% higher than in June 2023, the Bank of Israel reported. Mortgage loans granted in Israel in June 2024 fell slightly compared to May, despite estimates from senior banking officials who expected another increase in June, supporting the trend…
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Cooler U.S. June CPI Boosted Odds Of Multiple Fed Rate Cuts In 2024
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U.S. consumer prices fell unexpectedly in June, The consumer price index fell 0.1% on a monthly basis. This represents the first decline since May 2020 and is in contrast to the expected 0.1% increase. It also represents a shift from the flat reading in May. When we remove volatile materials…
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Eurofins Provides Update to Key Stakeholders on Current and Upcoming Actions Following Communications Published by Muddy Waters Since 24 June 2024
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Luxembourg-(Business): Regulatory News: Eurofins (Paris:ERF): As in previous press releases published by Eurofins on 25 June 2024, 03 July 2024 and 05 July 2024 in response to the unsubstantiated reports by Muddy Waters (NYSE:), LLC (MW), Eurofins would like to provide clear and direct communication on matters of utmost importance…
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Japan PPI (June 2024) +0.2% m/m (expected +0.4) and +2.9% y/y (expected +2.9%)
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Inflation rates are still rising strongly at the wholesale level. The USD/JPY currency pair was little changed around the 161.36 level. — The Producer Price Index (PPI) in Japan is also known as the Corporate Goods Price Index (CGPI). It is a measure of the average change over time in…
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Ten investment bank forecasts for June US CPI. The median is Core @ 3.4% & Headline @3.1%
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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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Israel’s forex reserves fell in June
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The Bank of Israel reported that Israel’s foreign exchange reserves amounted to approximately $210.278 billion at the end of June 2024, a decrease of $232 million from their level at the end of May. The Bank of Israel reported that Israel’s foreign exchange reserves at the end of June 2024…
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US economy adds 206,000 jobs in June as labour market shows signs of cooling
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The U.S. economy added 206,000 jobs in June, indicating a slight slowdown in the labor market, according to the latest data from the Bureau of Labor Statistics. The figure was closely in line with economists’ expectations and represented a modest decline from the revised 218,000 jobs added in May. The…
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Forexlive Americas FX news wrap 5 Jul: NFP for June sent the USD lower/yields tumbling
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The U.S. jobs report showed nonfarm payrolls rose by 206,000 jobs, beating expectations and up from 190,000 previously estimated. However, the details of the report were less than impressive. The revision for the previous two months was -111K. This more than offsets the above-expected growth this month. The unemployment rate…
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Globally, Value funds gave back some performance in June By Investing.com
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Bank of America reported a turnaround in global fund performance for June, with value funds seeing an average decline of 0.88% relative to their benchmarks. Only 24% of value funds managed to outperform their benchmarks in June. Despite the decline, Bank of America acknowledged that value funds still have an…
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Global Blue Releases the Monthly Tax Free Shopping Business Update for June 2024 By Investing.com
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New data from Global Blue reveals that the global dynamic recovery in tax-free shopping has accelerated across continental Europe and the Asia-Pacific region. Globally, the recovery rate of exported store sales was 168%1 in June 2024 compared to the same period in 2019, compared to 163%1 in April/May 2024 and…
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US jobs report for June is likely to point to slower but still-solid hiring
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Breadcrumbs Path Links PMN Business Article author: Associated Press Paul Wiseman Posted on July 05, 2024 • Read for 4 minutes You can save this article by registering for free here. Or log in if you have an account. Article Content WASHINGTON (Reuters) – The U.S. labor market likely slowed…
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CleanSpark Surpasses 20 EH/s Milestone, Mines 445 BTC in June
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CleanSpark Inc. has achieved a milestone, mining 445 Bitcoin (BTC) in June, surpassing its mid-year operational target with a hash rate of 20 exahashes per second (EH/s). This achievement comes after the acquisition of five new mining facilities in Georgia, which increased the company’s total capacity. CleanSpark Achievements In its…
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CleanSpark Surpasses 20 EH/s Milestone, Mines 445 BTC in June
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CleanSpark Inc. has achieved a milestone, mining 445 Bitcoin (BTC) in June, surpassing its mid-year operational target with a hash rate of 20 exahashes per second (EH/s). This achievement comes after the acquisition of five new mining facilities in Georgia, which increased the company’s total capacity. CleanSpark Achievements In its…
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Euro Area CPI Eased Slightly But Services Inflation Remained Sticky High In June
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Eurozone core inflation fell to 2.5% year-on-year in June from 2.6% year-on-year, data from Eurostat, the European Union’s statistics agency, showed. Core inflation, which excludes volatile items such as energy, food, alcohol and tobacco, held steady at 2.9% year-on-year, beating market estimates of a 2.8% decline. Link to Eurozone CPI…