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The USD/JPY pair is experiencing a decline to almost 147.10 during today's early Asian session. This decline is said to be attributed to the current rise in geopolitical risks in the Middle East, which continues to support the JPY. Investors are also keeping an eye on the US Producer Price Index (PPI) for July, which has garnered significant attention. Market participants are reflecting less confidence in a double-cut by the US Federal Reserve (Fed) in September, as indicated by CME’s FedWatch Tool data. Previously at 70%, there is now less than 50% chance of a 50 basis points cut on September 18th. Despite this shift, markets still anticipate at least a 25 bps cut at the Fed's September meeting. Looking ahead, market watchers are keen on analyzing how PPI figures may impact rate expectations from the Fed. The consensus is that PPI will decrease to 2.3% YoY in July from its previous reading of 2.6%. Similarly, Core PPI is projected to drop to 2.7% YoY from its previous rea...

GBP/USD remains steady on Monday ⁢amidst a⁢ decrease in recent volatility. The focus shifts to upcoming UK and US inflation data. Key indicators include the US Producer Price Index ⁤and the Quarterly‌ UK Unemployment Claims and CPI Inflation release. US Producer Price Index ‌(PPI)⁣ is expected to decline to 2.7% from 3.0%, with YoY ‌core CPI inflation dropping to 3.2% from 3.3%. Market sentiment relies heavily on balanced inflation outcomes for equities to perform favorably. The UK economic release calendar includes the Quarterly Unemployment Claims and CPI Inflation report ⁢where core UK CPI inflation is anticipated to decrease to‌ 3.4% YoY⁢ from 3.5%, while headline CPI inflation‌ is forecasted to rise to 2.3% YoY ‌from 2%. The Claimant Count ⁤Change, a metric released by ‌the UK Office for National Statistics, presents ‌a change in unemployment figures in the country that often impacts GBP volatility, affecting consumer spending and economic growth. Currency traders are monito...

On a ​slow start to the new trading week, the ‍Dow Jones held steady around midrange. Investors are feeling apprehensive as they await crucial inflation data. The coming week will see the release of​ US ‍Producer‌ Price Index (PPI) and Consumer Price Index ⁤(CPI) figures, ‌which will‌ have a significant impact on market sentiment. The Dow Jones Industrial Average exhibited limited ‍momentum⁣ on⁣ Monday, echoing the previous⁤ Friday's performance. ‌Attempts to drive a⁢ technical rally in the​ equity index were not successful, leading investors to adopt a cautious approach. Momentum is ⁢expected to⁣ remain subdued as investors wait for ⁢key‌ midweek CPI inflation figures. Tuesday will⁣ bring US PPI figures, with hopes for continued easing in structural ⁢inflation⁤ pressures. Core PPI is ‍forecasted to decrease to ⁤2.7% from 3.0% ​for the year ended in ‌July. Wednesday's ​YoY core ​CPI inflation‍ is also expected to ease slightly to 3.2% from 3.3%. Market sentiment is ​hanging...

Mexican Peso Faces Pressure After Recent Gains The Mexican Peso experienced a slight setback after showing significant gains of over 1.50% against the US Dollar last week. This decline comes as the USD gains momentum in anticipation of key economic data releases in the United States. Consumer Confidence Weighs Down Currency Adding to the currency's struggles, Consumer Confidence in Mexico has decreased, indicating a potential economic slowdown. The National Statistics Agency revealed that consumers have become less optimistic about the economic outlook, marking the second lowest reading since May. Banxico Governor Defends Rate Cut Decision Governor Victoria Rodriguez Ceja of Mexico's central bank, Banxico, justified a recent 25-basis-point rate cut to the main reference rate amid a 3-2 split decision. She explained that transitory inflation effects and decreasing core prices were factors that influenced this decision. Market Focus Shifts to US Economic Data As traders kee...

On Monday, the markets ‍opened without much excitement following recent fluctuations. The Japanese Yen has corrected its course after a significant surge. Market participants are keeping a close eye‍ on the Bank of Japan's (BoJ) next⁤ moves before making any major decisions. The Yen saw a ⁤decrease on Monday, reaching a​ one-week low against the US Dollar as traders ease off their aggressive use of JPY. The BoJ's recent shift to its highest interest ‌rate in years at around 0.25% led to a massive unwinding of the Yen carry trade, resulting in the Yen surging more than ⁢12.5% from multi-decade lows against the US Dollar. Market attention will turn towards US inflation data this week, ‌particularly with ⁤the release of fresh Consumer Price Index (CPI) figures on⁣ Wednesday. Additionally, Japan's Gross Domestic Product (GDP) numbers ⁤are also expected later in the week and could provide insights into how the BoJ⁣ plans to manage growth and inflation⁣ within Japan. USD/JPY...

Table of Contents Reason 1: Valuations are at All-Time Highs Reason 2: Economic Uncertainty Reason 3: Speculative Trading and Exuberance What Does This Mean for Investors? Practical Tips for Investors Warren Buffett is showing signs of being cautious in the current market environment , which reflects his famous quote, "Be Fearful When Others Are Greedy." Here are three main reasons why the renowned investor is choosing to increase his cash reserves: High Household Equity AllocationMany households have significantly increased their investment in stocks, signaling a surge in greed within the markets. However, what some fail to recognize, unlike Buffett, is that these high valuations are based on already inflated profit margins which may not continue to grow in the future. Why Warren Buffett is Getting Worried While Others are Getting Greedy: 3 Compelling Reasons Warren Buffett, the legendary investor and CEO of Berkshire Hathaway, is known for his wise and savvy i...

Table of Contents What is Conversational Prompt Engineering (CPE)? How Does CPE Work? Benefits of CPE Case Studies Firsthand Experience Practical Tips Conclusion The Importance of Effective Prompt Engineering in Artificial Intelligence Artificial intelligence, specifically natural language processing (NLP), plays a crucial role in driving technological advancements. Large language models (LLMs) are at the forefront of this movement, enabling tasks such as text summarization, automated customer support, and content creation by interpreting and generating human-like text. However, the success of these LLMs hinges on effective prompt engineering - the process of creating precise instructions that guide the models to produce desired outcomes. This task requires a deep understanding of both the model's capabilities and the complexities of human language . Challenges in Prompt Engineering and Existing Solutions Designing effective prompts poses si...

A combination of various elements supports the Gold price in reversing a slight intraday decrease on ‌Monday. Factors such as geopolitical risks and bets on a rate cut by the Fed provide backing, though a positive risk‌ sentiment may limit the potential ‌for gains. Additionally,⁢ traders are exercising caution ahead of this week's release of⁢ crucial US inflation figures. Gold price ‍(XAU/USD) ⁢sees an increase in ‌buying interest near the $2,424 region on Monday and is aiming to build on last week's rise from the 50-day Simple Moving Average (SMA) support. ⁣Investors remain anxious about the prospect of heightened conflict ⁤in the Middle East, which is⁣ viewed as a significant factor contributing to support for gold. Furthermore, expectations for larger interest rate cuts by the Federal‍ Reserve (Fed) offer extra backing to this non-yielding commodity. However, there is some skepticism surrounding the intraday rise ​due to an overall‌ favorable sentiment towards equity ma...

Table of Contents Understanding Indian CPI Inflation Data Impact on USD/INR Rates Prepare for Action Conclusion The Indian Rupee (INR) is experiencing little movement on Monday as the US Dollar consolidates, resulting in a flat trading day. The increase in Middle East geopolitical risks may lead to a rise in the value of the USD compared to other currencies such as INR, although possible actions by India's Reserve Bank could serve to dampen this effect. Looking ahead, pivotal data will be released for traders to monitor. These include the Indian Consumer Price Index (CPI) and Industrial Production data, as well as US economic indicators such as the Producer Price Index (PPI), Consumer Price Index (CPI), and Retail Sales later in the week. Analysts have differing opinions about how this might impact INR's movements. For instance, Amit Somani from Tata Asset Management sees risks tilting towards a weakening Rupee, with expectations of it moving within a ...

AUD/USD Surges as RBA Remains Hawkish In the early Asian session on Monday, the AUD/USD⁤ pair saw an increase to ⁤near 0.6575. This boost can be attributed to ⁤the Reserve Bank of Australia's (RBA) hawkish stance and⁣ unexpected Chinese⁢ CPI inflation ⁤data. The RBA ‌decided to maintain the interest rate at 4.35% for the sixth ⁤consecutive meeting last week, signaling their readiness to raise ​rates if⁢ necessary ‍due to potential inflation risks . This approach is expected to provide long-term ‍support for the Australian Dollar (AUD). Furthermore, China’s Consumer Price Index (CPI) exceeded expectations⁢ with a 0.5% rise in July compared to a year ago, contributing positively to the AUD’s strength. However, concerns about reduced Chinese demand could hinder further advancements‌ for the pair. Upcoming economic events will also ⁣impact trading decisions. ‍Traders are eagerly anticipating Chinese Retail Sales and Industrial Production figures on Thursday and ⁢Australian employ...

The Shibarium network, a layer-2 solution built on the Shiba Inu blockchain, introduced an automated burn mechanism today. The update will be effective as of block 6,206,570 and was first announced by Lucie, the marketing lead of Shiba Inu, via X: “Starting at block 6206570, the Shibarium network will roll out a long-awaited update: a burn mechanism directly tied to transaction fees.” Shibarium Will Finally Burn Shiba Inu Token Automated According to Lucie’s announcement, the new feature will automatically convert 70% of all base transaction fees collected by the network into SHIB tokens which will then be permanently removed from circulation. “With this update, 70% of all base transaction fees collected on the network will be automatically converted to SHIB tokens and permanently removed from circulation through burning. This deflationary approach is designed to gradually reduce the total supply of SHIB, potentially increasing its value over time,” Lucie revealed. The other 30% of...

Montenegro's Supreme Court has delayed the extradition of Do Kwon, the founder of Terraform Labs, to South Korea. The postponement comes as a response to the Supreme State Prosecutor’s Office (VDT) request to protect legality. The VDT raised concerns about the legality of previous court decisions regarding Do Kwon’s extradition. Conflicting court rulings in Montenegro have been at the center of Do Kwon’s extradition saga. After being arrested at Podgorica airport in March 2023, conflicting decisions were made regarding his extradition to both the United States and South Korea. The recent decision by the Supreme Court to intervene and postpone his extradition adds another layer of complexity to this legal battle . Do Kwon's defense attorney has strongly criticized the actions taken by the VDT, claiming that revising a final decision in favor of the defendant is only possible through abuse of position. He also pointed out various inconsistent legal decisions made throughout...

Insights on the S&P 500 Using⁢ the⁤ Elliott Wave Principle The S&P 500 (SPX) reached its peak on July 16 at⁤ $5669, ⁣falling just short of the ideal 5th wave‍ target. However, it dropped to as low as⁢ $5119 ⁤in less than three weeks. This raises⁢ the question of ‌whether a ‍major top has been put in place. If we look at the bigger picture ⁢wave count from October 2022, ⁣it appears that the index topped for ​the black W-3 ‍and is now in the black W-4. The recent decline ⁣consisted⁢ of only three ⁤waves lower, indicating a corrective pattern. This suggests that ​the index may work on five‍ waves back up to ‍ideally $5650+/-50 for ‌the red W-i ‌of‍ the black W-5. Is the S&P 500 on the Verge of a Major⁣ Top? In recent months, the S&P 500 has experienced a remarkable rally, reaching new all-time highs and generating significant returns for investors. However, as the market continues to climb, many analysts and investors are beginning to question ‌whether the index is...

The Latest Update of Dogecoin Core Dogecoin Core version 1.14.8 is now officially out and can be downloaded from GitHub, bringing with it a number of critical improvements to enhance the stability, efficiency, and security of the Dogecoin network. Important Changes in the Update One of the key improvements in this update is the significant reduction in peer INV (inventory) object counts. Previously, Dogecoin Core nodes kept a large and often excessive list of inventory items for each peer. The latest update has streamlined this to a more reasonable number, optimizing resource allocation on nodes and reducing unnecessary network traffic. Furthermore, the update has overhauled the transaction request tracking system by prioritizing outbound peers over inbound ones. This prioritization makes CPU and memory usage more predictable as well as scalable, especially important as the number of peers increases. Orphan transactions are now processed in a more efficient manner similar to r...

Table of Contents Understanding the USD/CAD Exchange Rate Factors Driving the Rise in USD/CAD Bracing for Canadian Employment Data Implications for Traders and Investors Conclusion USD/CAD Gains Momentum as US Dollar Rises During the early Asian session on Friday, USD/CAD saw mild gains near 1.3740, signaling an end to a five-day losing streak. The increase in the pair's value was supported by a stronger US Dollar following the positive Initial Jobless Claims report. According to data released by the Department of Labor, initial jobless claims for the week ending August 3 increased by 233,000, compared to 250,000 in the previous week (revised from 249000), below the consensus of 240K. This lower-than-expected figure has provided some support to the Greenback against the Canadian Dollar. The markets are anticipating a strong possibility of rate cuts from both the Federal Reserve (Fed) and Bank of Canada (BoC) later this year. Traders have priced in a ...