Last Updated on August 6, 2023 by TopFXBrokersReview After the encouraging updates on the easing inflation, the latest week provided an early look at key indicators for the month of July. This glimpse provided evidence of the labor market’s gradual decline. The burden within credit markets is palpable. The quarterly SLOOS report, which was released…
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Last Updated on July 30, 2023 by TopFXBrokersReview The market capitalization of Worldcoin has reached a remarkable $20 billion, causing the cryptocurrency community to anticipate the emergence of the next Bitcoin avidly. Surprisingly, the milestone was reached within days of Worldcoin’s debut, establishing a record for the cryptocurrency with the fastest growth rate in history.…
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Last Updated on August 6, 2023 by TopFXBrokersReview Last week, the US real GDP grew at an annualized rate of 2.4% in the second quarter, which was stronger than expected. While inflation and compensation costs have moderated, the Federal Open Market Committee (FOMC) prefers to observe sustained moderation before concluding that inflation is sufficiently low…
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Last Updated on July 25, 2023 by TopFXBrokersReview Stellar is a peer-to-peer decentralized network launched in 2015 to ensure protocol and connect global financial systems for financial institutes and payment providers. Since its inception, the intermediate currency of this network (XLM) remained corrective for a year before showing an 864% gain during the 2021 crypto…
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Last Updated on August 6, 2023 by TopFXBrokersReview Last week, the FOMC confronted a steadily more difficult balancing act. Despite their rate increases, consumer spending remains resilient, but other rate-sensitive sectors. Therefore, it is difficult to classify the state of the economy as wholly positive or negative; it is a mixture of both. In June,…
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Last Updated on July 17, 2023 by TopFXBrokersReview In the US: It was quite a week for the US. According to the Bureau of Labour Statistics (BLS) on Wednesday, consumer price inflation slowed to its lowest level since March 2021 at 3.0% in the twelve months to June (vs expected 3.1% [down from 4.0% in…
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Last Updated on August 3, 2023 by TopFXBrokersReview Last week’s economic indicators indicate a progressive easing of price pressures across the economy. In June, the headline and core CPI increased by 0.2%, the smallest monthly increase since early 2021. In addition, core producer prices posted their lowest annual growth rate since February 2021. Despite the…
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Last Updated on July 16, 2023 by TopFXBrokersReview In a landmark decision, a judge ruled that Ripple’s XRP token was initially sold to institutional investors as an investment contract, rendering it security. The Securities and Exchange Commission (SEC) brought the case and will determine whether certain tokens should be deemed securities. The judge, Analisa Torres,…
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Last Updated on July 11, 2023 by TopFXBrokersReview Following Thursday’s ADP employment scorcher for June (497,000 vs 257,000 in May) and the US ISM services PMI (June) also coming in hotter than expected at 53.9, up from 50.3 in May, Friday’s headline employment report was mixed. With some desks expressing concern that the headline employment…
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Last Updated on July 9, 2023 by TopFXBrokersReview The value of Verge Coin, a prominent cryptocurrency, has increased significantly, attracting extensive interest from investors and enthusiasts. To fathom the causes of this increase, analyzing the forces that have propelled Verge Coin to greater heights is necessary. Wall Street Memes, a platform renowned for its influence…
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