Australia’s Manufacturing PMI Improves Slightly in November
The Judo Bank Australia Manufacturing PMI rose to 49.4 in November, up from 47.3 in October. While the sector remained in contraction for the 10th straight month, the pace of decline softened to its slowest in six months. This slight...
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Canada’s Industrial Producer Prices Experience Strong Rebound in October 2024
Canada’s industrial producer prices surged by 1.2% month-over-month in October 2024, marking a significant recovery following two consecutive months of declines. The increase exceeded analysts’ expectations, which had forecasted a more modest 0.3% rise. This strong rebound comes after a...
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Dormant Bitcoin Wallets Come Back to Life: A Look at Their Impact
In a surprising turn of events, some of Bitcoin’s oldest and long-inactive wallets, known as dormant Bitcoin wallets, have become active. They are moving millions of dollars worth of cryptocurrency. These movements highlight the enduring relevance of Bitcoin as an...
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CBI Survey Reveals Improved Manufacturing Orders in November
The Confederation of British Industry (CBI) reported an improvement in its monthly net balance of new manufacturing orders, which rose to -19 in November 2024 from -27 in October. This exceeded market expectations of -25 and marked a modest recovery....
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An Unprecedented Storm Looms Over Bitcoin!
Bitcoin has long been a symbol of innovation and volatility in financial markets, and as a storm looms over Bitcoin, it stands at the cusp of a transformative era, driven by groundbreaking developments like the launch of Bitcoin ETFs and...
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UK Inflation Jumps to 2.3% in October 2024
The UK’s annual inflation rate rose to 2.3% in October 2024, marking its highest level in six months. This increase, up from 1.7% in September, surpassed both the Bank of England’s target and market expectations of 2.2%. The inflationary pressure...
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Germany’s Producer Prices Decline for 16th Consecutive Month in October 2024
Germany’s producer prices continued their downward trend in October 2024, falling by 1.1% year-on-year. This marked the 16th consecutive month of deflation in the producer price index, although the decline was slightly smaller than the 1.4% drop recorded in September....
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PBoC Holds Key Lending Rates Steady in November 2024
In its November 2024 fixing, the People’s Bank of China (PBoC) decided to keep its key lending rates unchanged, aligning with market expectations. The one-year loan prime rate (LPR), which serves as the benchmark for most corporate and household loans,...
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Japan’s Trade Deficit Narrows in October 2024
Japan’s trade deficit saw a significant decrease in October 2024, dropping to JPY 461.25 billion, compared to JPY 702.86 billion in the same month the previous year. The improvement was largely driven by a sharp rise in exports, which outpaced...
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What Does Lower Bitcoin-Ether Correlation Mean for Investments?
Bitcoin (BTC) and Ether (ETH), the leading cryptocurrencies by market capitalization, have long exhibited a strong price correlation, guiding investor expectations and strategies. However, this relationship is evolving, particularly following Ethereum’s Shanghai Upgrade (Shapella hard fork) in April 2023. This...
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