Category: June
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Japan June Services PMI 49.4 (prior 53.8)
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Japan’s services PMI hits 49.4 in June, first contraction in nearly two years Flash 49.8, before 53.8 Compound 49.7 Flash was 50.0 before 52.6 previously: Japan Final Manufacturing PMI for June 50.0 (Previously 50.4) Comment on the report: The recent strong surge in business activity in Japan’s services sector came…
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CleanSpark’s amped hashrate mined 445 Bitcoin in June
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CleanSpark wrapped up a busy June with a surge in Bitcoin mined and a 2x increase in hashrate compared to December. According to a press release on Tuesday, CleanSpark mined 445 Bitcoin (BTC) in June after adding five new mining facilities in Georgia. The mining startup also surpassed its mid-year…
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U.S. ISM Manufacturing PMI Contracted At A Faster Pace In June
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Data released by the Institute for Supply Management showed that the US manufacturing sector recorded a contractionary reading of 48.5 points for the month of June. This is lower than the expected reading of 49.2 points and the index number in May of 48.7 points! In fact, the June PMI…
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ECB’s Lane: June inflation data seems in line with our assessment
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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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Economic calendar in Asia Tuesday, 2 July 2024 – RBA June meeting minutes
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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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Hackers stole $176.2m in crypto in June
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The cryptocurrency ecosystem saw a spike in breakouts in June as the market was circling a bearish zone. According to data provided by PeckShield, hackers stole $176.2 million from crypto platforms in June, recording a 54.2% decrease compared to $574.6 million in May. The data shows that the lowest amount…
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Hackers stole $176.2m in crypto in June
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The cryptocurrency ecosystem saw a spike in breakouts in June as the market was circling a bearish zone. According to data provided by PeckShield, hackers stole $176.2 million from crypto platforms in June, recording a 54.2% decrease compared to $574.6 million in May. The data shows that the lowest amount…
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UK June final manufacturing PMI 50.9 vs 51.4 prelim
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It’s a slight downward revision from the flash reading but still reaffirms marginal growth in the UK manufacturing sector. Both output and new orders continued to expand for the second month running. However, price pressures remain stubborn with input cost inflation hitting a 17-month high. This is a worrying sign…
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June sales drop 47% but there are more buyers and sellers
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The non-fungible token (NFT) market has seen a significant decline in activity over the past month, with significant declines across various metrics. According to Crypto Slam Data: Global NFT sales volume reached $476.3 million in June, registering a 47.22% decline. The number of NFT buyers has risen to 1.259 million…
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June sales drop 47% but there are more buyers and sellers
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The non-fungible token (NFT) market has seen a significant decline in activity over the past month, with significant declines across various metrics. According to Crypto Slam Data: Global NFT sales volume reached $476.3 million in June, registering a 47.22% decline. The number of NFT buyers has risen to 1.259 million…
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Japan final manufacturing PMI for June 50.0 (prior 50.4)
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S&P Global Manufacturing PMI for June 2024 Reaches 50.0 Previous 50.4 The initial was 50.1. From comment to report: “It is worth noting that the latest PMI data revealed the first rise in Japanese factory output in more than a year, and a recovery in business confidence. Although employment continued…
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Premium Forex Watch Recaps: June 24 – 25, 2024
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Our forex strategists were feeling the comdolence this week, focusing on key inflation updates from Australia and Canada. Of the four scenario/price outlook discussions this week, Two discussions saw both financial and technical arguments raised To become a potential candidate for risk management. Check out our review of this discussion…
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Bitcoin ‘tends to bounce back’ in July after negative June
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Cryptocurrency market analyst Ali Martinez expects the price of Bitcoin (BTC) to rebound in July after a month of bearish momentum. According to MartinezX’s post on Sunday, Bitcoin’s price recorded an average price recovery of 7.98% in July after a “negative June.” The data shows that Bitcoin’s price has fallen…
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China’s June factory activity contracts again, services slows By Reuters
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By Joe Cash and Ellen Chang BEIJING (Reuters) – China’s manufacturing sector activity fell for the second straight month in June while services activity fell to a five-month low, an official survey showed on Sunday, keeping calls for more stimulus alive as the economy struggles to return to normal. Its…
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MUFG: EUR/USD outlook amid French elections and June NFP print
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Euro to US Dollar Monthly MUFG discusses the potential impact of the French elections and June’s non-farm payrolls report on EUR/USD. The focus is on the risk premium already priced into EUR/USD and how the election results could influence further moves. the main points: the current situation: Stability: The EUR/USD…
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Daily Broad Market Recap – June 27, 2024
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Major assets were all over the place until the US released generally weak data from the American middle class. Alternatives to the US dollar such as spot gold, crude oil and Bitcoin posted gains after the reports, although the US dollar managed to recover its losses against its foreign currency…
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Today’s economic calendar 28 June 2024
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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 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 or…
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June US KC Fed manufacturing index -11 vs -1 prior
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The previous one was -1 The composite index is -8 versus the previous -2 “It is clear that inflation has forced the customer to make ‘either/or’ decisions on how to spend their money. We see that the value-added elements of the food sector are severely affected. Our business is not…
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Hedge funds ‘aggressively’ sold tech stocks in June
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Data from Goldman Sachs shows that hedge funds are selling technology stocks aggressively now, with net dollar selling of the sector in June the largest on record. “Hedge funds aggressively sold TMT shares last month, led by Semis & Semi Equip (reversing the year-to-date trend) — and net U.S. TMT…