Category: pushing
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Analysts see pay rises pushing inflation higher
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The Governor of the Bank of Israel, Amir Yaron, came to the Knesset Financing Committee session on Tuesday, and made somewhat encouraging expectations of inflation in 2025. It rises by 0.5 % in January, due to the high tax rates, but moderate later in the year and reaches only 2.1…
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Bitcoin Breaks ATH Pushing Back Into Price Discovery – BTC To $130K?
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This article is also available in Spanish. Bitcoin broke its all-time highs, reaching $106,500 just a few hours ago, paving the way for an even bigger move. After trading in a sideways range within an ascending triangle for weeks, the price finally broke through the crucial $103,600 resistance level established…
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XRP Makes A Strong 20% Surge, Pushing Past BNB To Become 5th Largest Crypto
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This article is also available in Spanish. XRP saw a notable surge of more than 20% on Friday, outperforming leading digital assets such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). This increase has pushed XRP to become the fifth largest cryptocurrency by market cap, which now exceeds $107 billion.…
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US Vice President Harris’ campaign is pushing for a second debate with Trump
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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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Evacuees pushing up rents in northern Israel
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Is the mass evacuation of Israel’s northern border area affecting the rental market in neighboring areas? Our examination of the major northern cities reveals that rents there have already risen by hundreds of shekels a month. The Knesset Research and Information Center estimates that some 68,500 people have been evacuated…
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China’s exports surge, pushing trade surplus to $99bn amid tariff threats
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China posted a record trade surplus of $99 billion last month, the highest in more than two decades, as it continued to drive export growth despite looming tariff threats from President Donald Trump. Official trade data for June showed an 8.6% increase in export volumes, beating economists’ expectations of 8%…
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Netanyahu, Simhon pushing to cancel VAT hike
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A source close to the matter told Globes that Prime Minister Benjamin Netanyahu and his economic adviser, Professor Avi Simhon, are pushing to cancel the VAT hike from 17% to 18%, which is scheduled to go into effect on January 1, 2025. The plan, prepared by Simhon, head of the…
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USDCAD bounces higher after testing key technical support. Can the buyers keep pushing?
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The USD/CAD pair hit its lowest level since June 3 earlier today, testing the lower low at 1.35972. The 200-day moving average was just below that level at 1.35953. Today’s low was at 1.3601 as buyers/profit-takers took advantage of the swing area. The combination of US and Canadian jobs data…
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Tokyo is sleeping and the market is pushing
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Japan’s chief currency diplomat, Kanda, dropped all warnings before Tokyo went to sleep, but there was no intervention. It is now approaching 1am in Tokyo and the market feels that the situation is safe for at least a few hours. I imagine there is some element of short covering here…