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Analysis
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Economics
Fed’s Bostic: Open to September rate cut as inflation cools
Atlanta Federal Reserve (Fed) President Raphael Bostic said that he is “open to September rate cut as inflation cools.”
Forex
GBP/USD edges higher amid subdued USD demand, remains below mid-1.2700s ahead of UK GDP
GBP/USD regains positive traction following the previous day’s post-US CPI decline.
Cryptocurrencies
Mosaic Chain wins 73rd parachain slot on Polkadot, set for mainnet launch
Mosaic Chain has secured the 73rd parachain slot on the Polkadot Relay Chain, marking a key step toward its mainnet launch.
Economics
BCA says middling stimulus, US uncertainty sours China outlook
BCA Research flagged a negative outlook on Chinese markets with middling stimulus measures from Beijing and uncertainty over Sino-U.S. relations inspiring
Forex
Forex Today: Soft or hard landing? Upcoming US data will have a say
A persistent selling bias kept the Greenback’s price action subdued for yet another session, a view that was bolstered by further confirmation of the downw
Economics
BoJ could hike rates again in December even if inflation trends sideways: Nomura
Investing.com -- The Bank of Japan is likely to lift interest rates again in December, Nomura expected, even if inflation trends sideways as the once sleep
Stocks
Michael Burry increases Alibaba stake, halves stock portfolio
Michael Burry, the hedge fund manager famous for his 2008 bet against the US housing market depicted in "The Big Short," has further increased his stake in
Stocks
Nike shares pop as Bill Ackman's Pershing Square discloses a $229 million stake
Shares of Nike Inc (NYSE:NKE). 5.1% gained in afterhours trading Wednesday after Pershing Square (NYSE:SQ) Capital Management LP, the hedge fund led by bil
Economics
Rate cuts likely in Sept., Nov., Dec., Macquarie says, as disinflation continues
Investing.com -- The duo of inflation reports released this week showed the disinflation trend is likely to continue, paving the way for the Federal Reserv
Stocks
Starbucks CEO Brian Niccol’s base salary is $1.6M, signing bonus $10M
Starbucks Corporation (NASDAQ:SBUX) announced yesterday that Brian Niccol will take the helm as the company's new chairman and chief executive officer, eff
Economics
Japan GPD grows more than expected in Q2 as private spending rebounds
Investing.com-- Japan’s economy grew more than expected in the second quarter, reversing a deep contraction from the prior quarter as increased wages helpe
Forex
Canadian Dollar pares some losses in lopsided Wednesday trading
The Canadian Dollar (CAD) pared back some recent losses across the currency board on Wednesday, but a lopsided performance for the CAD still sees some red
Forex
GBP/USD backslid after UK and US CPI inflation both fell below expectations
GBP/USD pulled back and declined below 1.28500 on Wednesday after Consumer Price Index (CPI) inflation eased lower on both sides of the Atlantic.
Forex
EUR/USD finds thin gains and a seven-month peak on Wednesday
EUR/USD caught a brief rally into a fresh seven-month peak bid before easing back toward the 1.1000 handle on Wednesday.
Forex
Dollar trims losses following US inflation data
The U.S. dollar slightly recovered against a basket of currencies following data indicating a decrease in inflation, dampening rate cut expectations.
Commodities
Could a union stop production at the world's largest copper mine?
A powerful workers union at BHP's Escondida mine, a major global copper producer, initiates a strike to demand a larger share of profits, potentially impa
Commodities
Oil risks correction as traders digest lower demand prospects, big US inventory drawdowns
Oil price ticks up slightly after snapping a four-day winning streak on Tuesday.
Forex
AUD/USD posts fresh three-week high at 0.6640 ahead of US inflation
The AUD/USD pair hovers near a fresh three-week high at 0.6640 in Wednesday’s European session.
Commodities
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data.
Forex
Polkadot 2.0: Modular architecture and state of tokenomics
After wrapping up Polkadot 1.0 in July 2023, the blockchain community is now gearing up for Polkadot 2.0, backed by tech upgrades like Async Backing, Elast
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