EUR/USD remains stable near 1.1700 before Q2 Eurozone GDP and US PPI data
EUR/USD remains steady as it awaits the release of total eurozone production figures for the second quarter. CME’s FedWatch tool indicates a nearly 94% probability of a 25 basis point rate cut in September. U.S. Treasury Secretary Scott Bescent believes that the Fed could implement a 50 basis point rate reduction in September. The EUR/USD […]
GBP/USD keeps rising as important economic data approaches
The GBP/USD gained traction on Wednesday as the US dollar continued to decline. Traders are adjusting their risk preferences with important data from the UK and the US on the horizon. Key figures on UK quarterly GDP and US PPI inflation are set to be released on Thursday. The GBP/USD continued to rise on Wednesday, […]
Bessent opposes halting monthly job reports due to data worries
Concerns Over Monthly Job Reports Alicia Finley, of the Wall Street Journal’s editorial board, recently discussed comments made by President Donald Trump regarding Job Biden’s alleged political manipulation to support Joe Biden on Varney & Co. On Wednesday, Treasury Secretary Scott Bescent expressed his belief that the Bureau of Labor Statistics (BLS) should not halt […]
UK Encourages People to Delete Old Emails to Reduce Water Consumption in Data Centers
UK Government Urges Email Deletion to Conserve Water The UK government is calling on citizens to “do their part” by deleting old emails in an effort to lessen the strain on water usage from internet servers. This plea comes even as water companies across the nation lose a staggering 660 million gallons each day. After […]
Reddit restricts Internet Archive due to worries about AI data collection
Reddit Limits Access to Data After AI Scraping Concerns As artificial intelligence models become more prevalent, the need for extensive data is surging. In response, some companies are tightening their policies around AI data scraping, particularly if fees are not paid. Reddit has announced plans to restrict access to the Internet Archive Wayback Machine for […]
Trump’s choice for BLS proposes pausing monthly jobs report due to data issues
President Trump’s recent choice for leading the Bureau of Labor Statistics (BLS) has sparked controversy, as he suggested pausing the release of monthly employment data due to concerns over its accuracy. EJ Antoni, nominated by Trump, stated that the BLS should “suspend monthly employment reports” but would focus on enhancing quarterly data accuracy. This is […]
New crypto investor purchases $1.3B worth of Ether before US inflation data
In just the past eight days, new cryptocurrency investors, often referred to as “whales,” have acquired a staggering $1.34 billion worth of ether. This surge seems to be linked to an influx of Spot Ether ETFs and speculation surrounding price movements, particularly in light of upcoming US inflation data. Specifically, these whales have gathered 312,052 […]
Indian Rupee remains steady as investors anticipate July’s CPI data for India and the US
The Indian rupee has dropped to nearly 87.90 against the US dollar as inflation in India rose moderately in July. India’s retail inflation rate increased to 1.55% year-on-year, marking the lowest level seen in eight years. The US and China have both consented to extend their 90-day tariff ceasefire. On Tuesday, during the latter part […]
Large technology data centers prompting rural areas in America to change zoning laws
The Impact of AI Data Centers on Rural America How much of America’s rural landscape, along with its electricity, water supplies, quality of life, and heritage, will be erased by the expansion of AI data centers? It seems big tech companies aren’t eager to discuss this. Clearly, there’s a limit to what we’re willing to […]
EUR/USD declines as US inflation data approaches and geopolitical discussions take place
EUR/USD decreased by 0.30%, currently trading at 1.1605 after reaching a high of 1.1675 during the day. Investors bought US dollars in anticipation of the July CPI release, which could undermine expectations for rate cuts from the Federal Reserve. In Italy, July’s inflation remained steady at 1.7% year-on-year, aligning with the ECB’s targets and last […]