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EUR/USD falls sharply as high US PPI dampens expectations for large Fed rate cuts

EUR/USD falls sharply as high US PPI dampens expectations for large Fed rate cuts

Market Overview: EUR/USD Drops Post US Inflation Data After a notable rise in US producer price indices (PPIs) for July, EUR/USD decreased by 0.57%, landing at 1.1638. Inflation is impacted by tariff adjustments, while unemployment claims show a slight decline, pointing to a sturdy labor market. The market is beginning to discount a Federal Reserve […]

ETH Surges to New High as BlackRock Brings in $640M: CryptoQuant Warns to Be Careful

ETH Surges to New High as BlackRock Brings in $640M: CryptoQuant Warns to Be Careful

Ethereum Approaches Record Highs Ethereum is trending toward an all-time high, with recent market movements indicating significant momentum for the second-largest cryptocurrency by market cap. Today’s prices for ETH reached $4,781.24, marking the highest point since November 2021 and getting closer to its previous record. In comparison to Bitcoin, the ETH/BTC price ratio has just […]

Memecoin market rises to $82 billion as Bitcoin reaches new high

Memecoin market rises to $82 billion as Bitcoin reaches new high

Memecoin Market Gains Traction Memocoins are experiencing a resurgence, at least for the time being. In the past week, the total market value has surged over 14%, reaching almost $82 billion. Notably, this uptick follows a period of easing geopolitical tensions and new regulations in the crypto space. James Butterfil, who oversees Bitcoin pricing, suggests […]

Unemployment Among Migrants in Britain Reached an All-Time High

Unemployment Among Migrants in Britain Reached an All-Time High

This week, economic optimism tied to mass migration faced a setback as new government figures revealed that the number of unemployed individuals in the UK reached a high, with approximately 1.3 million migrants relying on welfare support. Data from the National Bureau of Statistics (ONS) shows that immigrants made up over one in five (21.5%) […]