Forex Update: US data and trade news take the spotlight
The US Dollar (USD) has been showing a strong rebound at the start of the week as investors analyze recent trade discussions involving the US, Japan, and the European Union. Attention is also shifting towards the upcoming FOMC meetings and the release of non-farm payroll data. Here’s what to expect on Tuesday, July 29th: The […]
AI data centers increasing electricity costs by 20% in 13 states
If your electricity bills seem unusually high lately, you’re not alone. A significant factor behind these spikes is the increased power demand driven by artificial intelligence. PJM Interconnect, the largest power grid operator in the U.S., reports a notable rise in electricity usage this summer, with some areas anticipating bills that could climb by as […]
Tech companies creating large AI data centers ought to cover their energy costs.
As we look toward the future, the rapid expansion of artificial intelligence and the surge in power demand for expansive data centers is presenting significant hurdles for utility systems across the U.S. Despite forecasting a substantial increase in electricity needs over the next ten years, there’s a worrisome underappreciation of the true scale of these […]
Bitcoin derivatives data raises doubts about the strength of BTC’s $115K support level.
Key Insights on Bitcoin Market Trends Important takeaways: Current Bitcoin options and futures data indicates that traders maintain a neutral outlook despite a 7% decline from its peak. In China, the demand for stablecoins remains consistent, reflecting some apprehension in the cryptocurrency market. Bitcoin (BTC) experienced a 4% drop from Thursday to Friday, falling under […]
EUR/USD remains steady following positive US data and a strict ECB
Market Update: Euro Trends Amid US Dollar Strength The euro is expected to experience slight fluctuations on Friday, as the US dollar approaches higher levels. Positive US macroeconomic data diminished the effects of a recent hawkish statement from the European Central Bank (ECB). There’s optimism surrounding a potential US-EU trade agreement. On Friday, the EUR/USD […]
Forex Today: US Dollar resists negative pressure before upcoming data
Here’s what you should know for Friday, July 25th: US Dollar (USD) The Index gained over 0.3% on Thursday, breaking a four-day gain streak. This Friday, market activity is likely to pause as investors await the next driving factor. On the US economic calendar, durable goods orders for June will be released later. This week’s […]
US Dollar Index rises to over 97.50 following varied US economic data
The US dollar index is expected to reach around 97.55 during Friday’s Asian session. The US Flash Manufacturing PMI decreased to 49.5 in July, while the Service PMI increased to 55.2 within the same timeframe. Attention is focused on the upcoming US-China trade discussions and the FOMC policy meeting next week. The US Dollar Index […]
GBP/USD approaches Friday with weakness following disappointing PMI data
GBP/USD ended its three-day winning streak on Thursday, dropping to 1.3500. Despite some positive momentum, the currency faces new challenges at critical technical points. The UK PMI figures fell short on Thursday, but Friday offers another chance for better UK data. On Thursday, GBP/USD reversed a three-day bullish trend, declining from 1.3600 down to 1.3500. […]
Fertility Rate in the US Dropped to Record Low in 2024, New Data Reveals
US Birth Rates Decline Despite Increase in Total Births Data shows that in 2024, the birth rate fell to a historic low of 1.6 children per woman. This was highlighted in a recent release from the Centers for Disease Control and Prevention (CDC). While the overall birth rate has dropped, the CDC reports that total […]
MTG: Trump’s AI order overlooks the significant water consumption of data centers
Rep. Marjorie Taylor Greene (R-Ga.) expressed concerns on Thursday about President Trump’s initiative to develop artificial intelligence (AI) infrastructure, specifically highlighting the “large scale” water consumption associated with data centers. On Wednesday, Trump outlined a technology strategy in his AI Action Plan, which included signing three executive orders aimed at implementing part of the strategy. […]