Homebuyers regain control as the real estate market slows – most US homes are now selling for less than the asking price.
The bidding wars seem to be calming down—for now, at least. Recent data from a real estate analytics company reveals that in May, more than half of the homes sold went for less than the asking price. This shift offers buyers a rare opportunity to call the shots, as noted by Cotality. On average, homes […]
GBP/USD momentum slows down before a busy Tuesday schedule.
The GBP/USD experienced sideways movement on Monday as traders braced for a significant influx of data. Technical indicators faded, and price movements are now closely aligned with the main averages. Tuesday brings key UK labor statistics and US CPI inflation rates for cable traders to digest. The GBP/USD has been fluctuating around 1.3430, with traders […]
Growth in the services sector slows in July
Economic Activity in Services Sector Declines Slightly Economic activity within the services sector saw a modest decline in July. Businesses appeared hesitant to make new purchases due to ongoing policy uncertainties. The Purchasing Manager Index, from the Supply Management Institute, decreased by 0.7% from June, landing at a level of 50.1% for July. According to […]
US job market slows down as calls increase for Jerome Powell to lower rates
The US job market showed signs of slowing in July, particularly affecting government and foreign workers. This trend may prompt the Federal Reserve to consider cutting interest rates in September. According to a report released by the Labor Bureau, the growth in employment fell short of economists’ expectations, who had projected an increase of 100,000 […]
Coinbase shares decline as reduced crypto volatility slows down trading activity.
Coinbase Stock Experiences Significant Drop Coinbase’s stock saw a steep decline of 14%, marking the most substantial drop in intraday trading since April. This downturn follows a disappointing quarterly earnings report, which was affected by reduced trading volumes. For the second quarter, the company’s revenues climbed 3.3% year-on-year to reach $1.5 billion, falling short of […]
Goldman Sachs slows down layoffs following a strong second quarter
Goldman Sachs has opted to cancel the second round of job cuts initially planned for this year, as the investment banking sector delivered surprisingly strong results. According to the Financial Times, which referenced anonymous sources, robust investment banking fees and impressive performance from traders under CEO David Solomon have led to this decision to hold […]
Institutions Are Accumulating Bitcoin and Ethereum as Retail Interest Slows Down
Simply put The cryptocurrency market has reached a level of maturity, with increased interest from institutions in digital assets. Both traditional financial institutions and retail investors are showing engagement not seen since the last bull market. Institutional investors tend to focus on Bitcoin and Ethereum, while retail is leaning more towards altcoins. WinterMute, a traders’ […]
China’s Economic Growth Slows Due to Tariffs
China’s Economic Growth in Q2 2025 China’s economy saw a growth of 5.2% in the second quarter of 2025, as reported by the Chinese government. This figure is a slight drop from the 5.4% growth in the first quarter but is better than the expected forecast of 5.1% from analysts. Various media outlets have interpreted […]
EUR/USD surge slows down at multi-year peak due to tax bill and rising yields
The EUR/USD has dipped from 1.1830 as the US tax bill moves past the Senate and the Treasury experiences a rebound. Recent US data seems to back the Fed’s cautious approach. Powell remains undecided about a rate cut in July. ECB’s De Guindos indicated that EUR/USD exceeding 1.2000 could complicate matters. Economic data from the […]
China’s Communist Party Ages and Slows Down as Young People Become Disillusioned
Chinese Communist Party Membership Statistics Revealed The Chinese government released its annual statistics on the Communist Party on Monday, indicating that membership has increased by only 1.1%, while the number of younger members, specifically those under 35, has dropped. According to the state-operated newspaper Global Times, this slight growth in numbers was showcased as proof […]