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Archives by Year:
EUR/AUD And GBP/AUD Currency Pairs Are Still Bullish
Image Source: Unsplash EUR/AUD and GBP/AUD currency pair are in a massive rally in the 4-hour chart and they are ideally unfolding a five-wave bullish impulse that can lift the price higher.EUR/AUD pair nicely jumped into wave (5) of 3, from where we may now see a new higher degree wave 4 corrective pullback that can […]
Ranked: The Most Visited Websites In 2024
Over 5.4 billion people use the internet regularly, making up 67.1% of the global population. Here, we rank the most visited websites worldwide, drawing on recent data from SimilarWeb (as of June 2024). Google Dominates Global Web TrafficAccording to SimilarWeb data, Google.com is the world’s largest website, commanding 18.32% of global web traffic. The Alphabet-owned website services over 8.5 billion search queries daily. Google’s […]
German Unemployment Increases In July
Image source: Pixabay The increase in German unemployment in July shows that the slow but gradual cooling of the labor market continues.The gradual cooling of the German labor market continues. Unemployment increased by 82,100, raising the total jobless figure to 2.809 million. The seasonally adjusted unemployment rate remained unchanged at 6%. Even though the headline numbers are still […]
The Energy Report: The Fossil Fuel Comeback
Photo by Timothy Newman on Unsplash Fossil fuels are making a big comeback as big draws across the board shocked the market back into a semblance of reality. The American Petroleum Institute (API) reported a trifecta of draw down with crude falling by a more than expected 4.495 million barrels and gasoline down 1.917 million barrels and distillates […]
US Pending Home Sales Rebound (Modestly) From Record Lows In June
After two months of ugly declines, US pending home sales bounced in June (up 4.8% MoM). However, that jump was not enough to juice YoY changes which saw sales decline 7.8% YoY…Source: BloombergJune’s rebound pulls sales off record low levels going back to 2001…Source: Bloomberg “The rise in housing inventory is beginning to lead to more contract signings,” […]
Sensex Today Ends 286 Points Higher; Nifty Tops 24,950
After opening the day on the higher, Indian benchmark indices continued the momentum as the session progressed but ended the day higher.Indian shares traded slightly higher on Wednesday, driven by Maruti Suzuki India ahead of its quarterly results.At the closing bell, the BSE Sensex stood higher by 286 points (up 0.4%).Meanwhile, the NSE Nifty closed higher by 93 points […]
EUR/USD: Focus Turns To FOMC After Stronger Eurozone CPI
Image Source: Unsplash The EUR/USD pair will remain in focus heading into the second half of Wednesday’s session and the week. This morning’s stronger-than-expected Eurozone CPI release has made a potential September rate cut from the ECB a closer call, easing pressure on the euro. The euro gained against most major currencies, except the yen, which […]
Brent Futures Surpass $80 Per Barrel Threshold Amidst Middle East Tensions
Image Source: Unsplash Brent futures exceeded the $80 per barrel mark on Wednesday as Iran’s allegations regarding the assassination of Hamas political leader Ismail Haniyeh heightened tensions in the Middle East. Brent futures reach $80.32 per barrelThe ICE Brent contract for September delivery traded at $80.32 per barrel at 09:45 a.m. London time, marking a 2.15% […]
Most Slices Of The US Bond Market Posting Gains In 2024
Year-to-date returns for US fixed income are skewing positive this year ahead of the Federal Reserve policy announcement this afternoon. Although the central bank is expected to leave rates unchanged today, markets are pricing in a September cut and much the US fixed-income market is all-in on anticipating that outcome.Using a set of ETFs to […]
Global crypto trading volume set to surpass $108 trillion in 2024: Coinwire
Key Takeaways Global crypto trading volume estimated to exceed $108 trillion in 2024, up 90% from 2022. Europe leads global crypto transaction value at 37.32%, followed by Asia at 36.17%. Global crypto trading volume in 2024 is estimated to exceed $108 trillion, nearly 90% higher than in 2022, according to a Coinwire report. The US […]
