Category: Remains
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U.K. CPI Rate Held Steady in June but Services Price Growth Rate Remains Elevated
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As widely expected, UK annual inflation has decided to take a breather this summer, with the consumer price index (CPI) growth rate remaining unchanged at 2.0% year-on-year in June 2024, according to the latest figures from the Office for National Statistics. Link to UK Consumer Price Inflation: June 2024 the…
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USDJPY Technical Analysis – The bullish bias remains intact
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Basic Overview The US dollar fell broadly last Friday after the release of the weak US non-farm payrolls report. The data showed further slowdown in the labor market with the unemployment rate rising and wage growth declining. Basically we have an economy that is slowing but still growing. The market…
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Asia FX muted as dollar steadies ahead of Powell; yen remains fragile By Investing.com
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Most Asian currencies fell on Tuesday as the dollar found some strength ahead of Federal Reserve Chairman Jerome Powell’s testimony, while the yen remained at 38-year lows. Sentiment towards Asia also remained tense amid ongoing concerns over new European tariffs on imports from China, which could trigger retaliatory measures from…
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Average wage in Israel remains high
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The average wage in the Israeli economy remains at record levels. In April 2024, the average wage in Israel was NIS 13,506, up 7.3% from April 2023, according to the Central Bureau of Statistics. However, there is a significant decrease from March 2023, when the average wage was NIS 14,000,…
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AUDUSD Technical Analysis – The price action remains rangebound
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Basic Overview The US dollar started the week on a weaker note as the new month began. Last week’s strength may have been driven more by end-of-quarter flows than anything fundamental as economic data did not change interest rate expectations. However, the data should continue to support risk appetite amid…
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Bitcoin Remains Bullish As New BTC Addresses Surge To New 2-Month Highs
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June was a more difficult month for Bitcoin than many expected at the beginning of the month. This is because the price of Bitcoin was higher than its real price by about 1.5%. Decreased throughout the monthleaving many investors, Especially short term holdersDisappointed. Related reading However, despite the price decline,…
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Bitcoin Remains Bullish As New BTC Addresses Surge To New 2-Month Highs
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June was a more difficult month for Bitcoin than many expected at the beginning of the month. This is because the price of Bitcoin was higher than its real price by about 1.5%. Decreased throughout the monthleaving many investors, Especially short term holdersDisappointed. Related reading However, despite the price decline,…
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Euro fallout remains a focus point before the weekend
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The dollar showed great resilience in trading yesterday, despite setbacks caused by a weak Producer Price Index report and weekly jobless claims data. The strong showing at the 30-year Treasury auction may have highlighted some of the larger flows in the markets, with traders shifting their allocations from Europe to…
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UK Wage Growth Remains Robust, Dampening Hopes for Interest Rate Cut
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UK wage growth remained strong in the three months to April, maintaining pressure on inflation and delaying hopes for an interest rate cut. Official figures from the Office for National Statistics (ONS) showed that nominal weekly earnings, excluding bonuses, rose by 6% in the February-April period, in line with the…
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Judges hear Elizabeth Holmes’ appeal of fraud conviction while she remains in Texas prison
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Breadcrumb links BMN Business Article writer: Associated Press Michael Liedtke Posted on June 11, 2024 • 3 minutes read You can save this article by registering for free here. Or log in if you have an account. Article content SAN FRANCISCO (AP) — A panel of federal judges spent two…
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Solana Remains Institutional Investors’ Favorite, YTD Flows Ramp Up To $29 Milion
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Solana (Sunday) Attracts attention quickly Institutional investors, who are showing an increasingly strong interest in this crypto token. This trend confirms the possibility Solana It could be next in line to launch a Spot ETF, a development that could significantly impact the price of the cryptocurrency token. Solana’s investment funds…
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Housing inflation remains the big question but answers are tough
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There are those who say housing inflation in the United States is a problem that will never go away. Below is a recent chart from Apollo, highlighting the rise in US home prices as well as rent. Does anyone else see a problem here? Granted, the rental numbers and equivalent…
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Dollar down on profit taking but upbeat outlook remains By Reuters
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Written by Saqib Iqbal Ahmed NEW YORK (Reuters) – The dollar fell against most major currencies on Friday as traders took profits after recent gains, but the US currency remained well positioned to rise further, supported by strong US economic data that pushed markets back on interest rate expectations. Interest…
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USDJPY Technical Analysis – The uptrend remains intact
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Basic overview Last week we saw the USD/JPY pair fall following the US CPI report as the market shrugged off interest rate hike fears and consolidated the Fed hike for longer. The next day, the Japanese Yen started to lose strength again, as not only does the interest rate differential…
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Bitcoin Price Dips Yet Stays Positive: Market Sentiment Remains Upbeat
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Bitcoin price extended its rally above the $67,500 resistance level. BTC tested the $68,000 resistance level and is currently correcting gains. Bitcoin started a downward correction after rising towards the $68,000 resistance area. The price is trading below the $67,000 level and the 100 hourly simple moving average. There was…
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UBS warns gold prices may pull back soon, remains bullish long-term By Investing.com
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In a note to clients, UBS analysts asked investors to consider portfolio hedges amid ongoing macroeconomic uncertainty. However, they noted that although gold has traditionally served as a safe-haven asset, there are potential headwinds in the short-term. Specifically, if markets lower their expectations for an interest rate cut by the…
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RBA Keeps Interest Rates at 4.35%, Says Interest Rate Path ”Remains Uncertain”
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As expected, the Reserve Bank of Australia (RBA) kept interest rates at 4.35% in May. The Central Bank statement indicated this Inflation is expected to return to the target range of 2%-3% in the second half of 2025 and to 2.5% in 2026. Short-term inflation will “fall more slowly over…