Dollar is facing renewed selling pressure in the early US session, as fresh economic data points to a further cooling in the job market. A significant uptick in continuing jobless claims, reaching their highest level in nearly two years, suggests a softening labor environment. Adding to this, deeper-than-expected decline in import prices, influenced by both
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In this article GPS Follow your favorite stocksCREATE FREE ACCOUNT A Gap retail store sign on September 20, 2022 in Los Angeles, California.  Allison Dinner | Getty Images Gap posted a better-than-expected third quarter on Thursday, but the apparel retailer still appears cautious ahead of the holiday season as it works to reverse slowdowns at
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It has become increasingly clear that stablecoins have become the dominant means of transaction settlement on public blockchains, at the exclusion of native cryptoassets (like Bitcoin/Ether). This wasn’t in the plan of the architects of these blockchains or their communities. On-chain data supports this observation: Stablecoins represent approximately 10% of the total crypto market cap,
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The price of crude oil is settling at $76.66, down -$1.60 or -2.04%. The high for the day reached $78.77. The low reached $76.45. Looking at the hourly chart below, the run higher yesterday moved higher and above the 200-hour MA and a downward sloping trend line. That break, however, was short-lived, and the subsequent
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Australian Dollar weakens broadly in Asian session, as Australian employment data and shifting global risk sentiment take center stage. The mixed nature of the latest Australian jobs report is causing a rethink among investors regarding RBA’s next steps. Despite robust increase in overall employment numbers, a nuanced look reveals cracks in the job market’s strength.
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Wholesale prices in October posted their biggest decline in 3½ years, providing another indication that the worst of the inflation surge may have passed. The producer price index, which measures final-demand costs for businesses, declined 0.5% for the month, against expectations for a 0.1% increase from the Dow Jones consensus, the Labor Department reported Wednesday.
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As we approach Bitcoin’s (BTC) halving in April, a phenomenon that historically triggers significant market shifts, companies within the space are at a critical juncture. This event is surrounded by speculation and strategic planning, and for some, a sense of uncertainty. While it’s laden with opportunities, it’s vital for businesses to adopt a balanced approach,
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