The latest Consumer Price Index (CPI) report from the Bureau of Labor Statistics showed a 3.7% year-over-year (YoY) increase in August, a pickup from the 3.2% increase in July. Rising energy prices largely fueled the uptick, with prices rising 0.3% even when stripping out the volatile food and energy categories. Markets reacted to the report […]
The US dollar is at an inflection point, and today’s Core PCE data and the August NFP report will be key in determining its direction. This week, the EUR/USD has bounced from 0.95 to 1.12, and Bitcoin and other cryptocurrencies have rallied in tandem. However, the EUR/USD could not hold above 1.12, and neither could […]
The Chinese stock market has been struggling recently, leading to concerns about its impact on global economic growth. Industrial output and the flow of credit in the region are weakening, and the Chinese government’s interventions may not be enough to fix the underlying structural problems.The Shanghai Shenzhen CSI 300 Index initially surged by 5.5% on […]
JPMorgan’s head of technical strategy, Jason Hunter, has warned that the stock market may see further moves to the downside in the short to midterm. Hunter believes that the “tide is turning” for the S&P 500 after the stock market index printed a recent high of 4,607 points. He also noted that JPMorgan is currently […]
The US government’s debt is rising at a historic rate, with $97.7 billion added to the national debt between August 16th and August 22nd, bringing the total to $32.759 trillion. Finance guru Larry Mcdonald has analyzed the US government’s spending over the last two decades, noting that since 2020, the US government has spent a […]
Yesterday, JPMorgan analysts shared a positive outlook for the near-term trajectory of the crypto markets. According to their analysis, Bitcoin futures data suggests there is “limited downside” for crypto markets in the near future.Last week, the market took a hit when news broke that Elon Musk’s SpaceX sold some of its bitcoin holdings and China’s […]
Federal Reserve Chair Jerome Powell recently spoke at the Jackson Hole Economic Symposium, where he outlined the uncertainties surrounding the economic outlook and the possibility of further restrictive monetary policies. Despite inflation having declined from its peak, Powell maintained that it remains excessively high. The Federal Reserve is prepared to raise interest rates further if […]
Bitcoin (BTC) has seen a drastic drop in its price below $26,000, losing all of Wednesday’s price gain amidst the declines in traditional markets. Ethereum (ETH) has seen a 0.88% decrease in the last 24 hours but up to 3% drop from Wednesday’s high.Traditional assets are also caught in the sudden turbulent market; the equity […]
The U.S. Dollar Index has been surging recently, indicating a strong performance for the currency. This has had a knock-on effect on other global currencies and cryptocurrencies, with many feeling the heat of the dollar’s strength. This has been reflected in the markets, with the dollar’s value increasing against other currencies and cryptocurrencies. The surge […]
Bitcoin (BTC) is still worth $20,000 nearly six years after first reaching it — if adjusted for inflation. According to data from sources including U.S. Inflation Calculator, BTC price performance has de facto stayed static since 2017. This means that the current Bitcoin spot price — $26,050 — reflects six years of practically static BTC […]
