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. […]
Move beyond trade conflicts — the future focuses on data, concepts, and services rather than tangible products.
US Trade Dynamics and Globalization Trends Despite ongoing trade tensions between the US and China, there’s a notable shift towards populism globally, which could lead to economic downturns. However, claims about the end of globalization may be overstated, at least for now. It’s essential for US trade advocates to pay attention to the current trends. […]
Why are data enthusiasts eager to protect US government statistics?
Data enthusiasts are taking action. Following the start of President Trump’s second term, a group of statisticians, demographers, and data scientists banded together to collect and protect datasets. This move was prompted by the observation that significant datasets were disappearing or being altered on U.S. government websites, which was unprecedented. Their aim? To ensure that […]
GBP/USD approaches 1.3600 as optimism grows, attention on UK PMI data
GBP/USD could see further valuation as the US dollar weakens due to improved market sentiment. The European Union and the US are nearing an agreement to impose 15% tariffs on EU goods. Traders are anticipating index data from the S&P Purchase Managers in the UK on Thursday. GBP/USD has been holding steady after four days […]
Robust economic data makes it harder for Trump to advocate for reduced interest rates
Economic Insights and Interest Rate Challenges Recent economic indicators present a strong picture. Consumers have been quite tenacious, with retail sales rising by 0.6% in June. Moreover, the labor market still appears robust. While the stock market doesn’t fully encapsulate the economy, significant indices, like the S&P 500, are reaching record highs. You’d think this […]
Australian Dollar continues its winning trend after better-than-expected PMI data
The Australian dollar reached a new eight-month high of 0.6617 on Thursday. S&P Australia’s combined PMI increased to 53.6 in July, the highest since April 2022. US Treasury Secretary Scott Beast mentioned that the next Federal Reserve Chair candidate might be named in December or January. The Australian Dollar (AUD) continued to gain against the […]
Trump signs orders to expedite data center development and address ‘woke’ AI
Trump Signs Executive Orders on AI President Trump has signed three executive orders focused on artificial intelligence, emphasizing the development of data centers, the promotion of American technology, and the initiative to “wake up” AI. The orders aim to expedite permitting for data centers, encourage the export of U.S. technology, and support the activation of […]