Category: Remains
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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…