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In recent months, the United States has experienced a decrease in annual headline inflation rates, marking a significant shift in economic trends. The most notable factor contributing to this decline has been the reduction in energy costs, which has had a ripple effect on other sectors such as shelter, vehicles, and transportation. Despite this overall
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The GBP/USD pair is currently showing signs of strength as it trades above the 1.2900 resistance level. A key bullish trend line is forming with support near 1.2910 on the hourly chart. The pair has successfully climbed above the 50-hour simple moving average and the 1.2900 mark. Despite a minor decline, the bulls have managed
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China’s imports experienced a decline of 2.3% in June, falling short of expectations of slight growth. On the other hand, exports saw a rise of 8.6%, surpassing the forecasted 8% growth. These figures have resulted in year-to-date imports increasing by 2% and exports by 3.6% in the first six months when compared to the same
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In the week ending July 5, foreign investors poured a significant amount of money into Japanese stocks, totaling a net purchase of 916.05 billion yen, marking their most substantial weekly investment since January 12. This surge in investments was primarily fueled by a market rally and optimism surrounding the solid corporate earnings expected in the
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China’s advancements in the field of autonomous driving have been making headlines lately, especially with the increasing popularity of robotaxis among consumers. However, this technological advancement is causing concern among traditional taxi drivers who fear losing their jobs due to the rise in competition. The trend of robotaxis in China is gaining momentum, with local
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The world of finance is buzzing with excitement as Wall Street gears up for the arrival of a new set of cryptocurrency exchange-traded funds (ETFs) focused on Ethereum. These spot ether ETFs are poised to make their debut on the market pending approval from the U.S. Securities and Exchange Commission. Bitwise Asset Management’s Chief Investment
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The dollar weakened on Wednesday following comments from Federal Reserve Chair Jerome Powell suggesting that the central bank is inclined towards cutting interest rates. Powell emphasized the need for further decreases in inflation before implementing any rate changes. This comes as economists anticipate that the Consumer Price Index (CPI) data, set to be released on
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