USD/JPY Price Prediction: Drops more than 2% due to disappointing US data, falls below 147.50
USD/JPY falls from 150.91 to 147.28 following weak non-farm payroll data. The pair dips below both the 200-day and 20-day SMA, with a bearish RSI. Key support is seen at 145.71, where the 50 and 100-day SMAs intersect. USD/JPY is set to close the week down by 0.18%. This drop follows an employment report in […]
Riot Profits From Bitcoin, Yet Market Worries About Slow Data Center Expansion
Riot Platforms, Inc. Stock Declines Riot Platforms, Inc. (NASDAQ:RIOT) experienced a dip in trading on Friday. The company disclosed that its revenue for the second quarter reached $152.99 million, exceeding analysts’ forecast of $147.65 million. Riot also reported earnings of 57 cents per share, which is notably better than the anticipated loss of 10 cents […]
Pound Sterling continues to decline against the US Dollar as US job data gains attention
Traders anticipate interest rate cuts from the Federal Reserve, potentially driving the pound sterling down to around 1.3160 against the US dollar. Economists are hopeful for a rate reduction by the Bank of England next week. Investors are on the lookout for the US Non-Agricultural Payroll and ISM Manufacturing PMI reports for July. The pound […]
Data Expert Casts Doubt on Kamala Harris’ 2028 Prospects
Kamala Harris’s 2028 Presidential Chances Dwindling CNN’s chief data analyst, Harry Enten, stated on Friday that former Vice President Kamala Harris, now a Democratic candidate for the 2028 presidential race, is facing long odds. During a segment on “CNN News Central,” Enten referenced the Kalshi Betting Market, which had Harris’s odds at just 6%. He […]
July Nonfarm Payrolls data expected to maintain high volatility as the weekend approaches
Market Update – August 1st Here’s a snapshot of what’s happening today: The market is subdued as investors get ready for the July employment report, weighing in on the latest developments about the US trading landscape. In Europe, inflation data for the eurozone is on the agenda, along with the US Manufacturing PMI report set […]
GBP/USD remains under 1.3200 before US NFP data
The GBP/USD pair is set to decline further, hovering around 1.3195 during the Asian trading session on Friday. The Bank of England (BOE) may lower bank fees from 4.25% to 4.0% next week. Trump has maintained a global tariff rate at a modest 10%. During Friday’s Asian session, the GBP/USD exchange rate is expected to […]
Australian Dollar weakens after poor PMI data from China.
The Australian dollar remains stable, maintaining a 10% baseline tariff on Australian goods. China’s Caixin Manufacturing PMI dropped to 49.5 in July from 50.4 in June, falling short of the anticipated 50.3. Non-farm salaries in the US are expected to remain in a positive range. On Friday, the Australian Dollar (AUD) hit a notable point, […]
EUR/USD stabilizes around 1.1400 as strong US data reinforces Fed’s decision, focus on NFP
EUR/USD Market Update The EUR/USD increased by 0.10% to 1.1417 despite robust US economic indicators. The US Core PCE inflation rate climbed to 2.8% year-on-year, with initial unemployment claims dropping to 218,000. The Federal Reserve voted 9-2 to maintain interest rates, with Powell downplaying expectations of a rate cut in September. On Thursday, following strong […]
USD/CHF declines even with solid US data; markets become cautious before Trump’s tariff deadline
Swiss Franc Stabilizes Amid Market Caution The Swiss franc has leveled out following a six-day rally, with cautious sentiment ahead of the US tariff deadline on August 1. USD/CHF has eased slightly from a five-week peak of 0.8151 despite strong economic data from the US and the Federal Reserve’s hawkish stance. The Swiss National Bank […]
Data reveals a decline in vaccinations among kindergarteners.
Vaccination rates for kindergarteners have dropped for the 2024-25 school year, according to recent data from the Centers for Disease Control and Prevention (CDC). The percentage of children receiving the Diphtheria, Tetanus, and Acellular Pertussis (DTAP) vaccine fell to 92.1%, while the measles, mumps, and rubella (MMR) vaccines, along with polio vaccines, decreased to 92.5%. […]