A -2% drop in the FTSE 100 index is likely to see a rise in UK inflation above 1.2% in 2021. UK retail sales increased by 7.3% in April 2021. March 2021 saw US unemployment insurance benefits surged 37.79% to $5.36 billion. The GBP/USD edged 0.10% higher on May 11, 2021, to 1.4135 after closing 1.4120 the previous day. The economic forecast for the UK grew to 5.7% … [Read more...] about GBP/USD: Pound Edges Higher As the US Seeks to Limit Unemployment Benefits
US Dollar Index (DXY) Forecast Ahead of US Inflation Data
The US dollar index (DXY) crashed to the lowest level since February 26 after the disappointing US jobs numbers published on Friday. It is trading at $90.27, which is 3.5% below the highest point in March this year. Disappointing US jobs data On Friday, everyone was waiting for robust employment numbers from the United States. Furthermore, the economy had added more … [Read more...] about US Dollar Index (DXY) Forecast Ahead of US Inflation Data
Spacex Aims for the Moon in Dogecoin-Funded Mission
Elon Musk's Space Exploration Technologies Corp. will undergo a Dogecoin-funded mission to the moon through a partnership with Geometric Energy Corp., MarketWatch reported. Under the partnership, a 40-kilogram satellite will be sent to the moon in the first quarter of 2022 on a Falcon 9 rocket.SpaceX Chief Executive Elon Musk on Twitter said the mission will mark the first … [Read more...] about Spacex Aims for the Moon in Dogecoin-Funded Mission
Americans Tighten Belts As Consumer Prices Rise
The American public is now weighing which products to purchase as prices have continued to increase as the economy recovers from the COVID-19 pandemic, the WSJ reported. Consumer prices grew 2.6% year-to-date in March to mark the biggest yearly increase since August 2018, according to the Labor Department.With the increase in the prices of goods, consumers are now looking at … [Read more...] about Americans Tighten Belts As Consumer Prices Rise
Ethereum Breaks Past $4,000 to Smash Record for Second Week in a Row
Ethereum passed $4,000 over the weekend to mark another high for the second week in a row, MarketWatch reported. Ether surged to a fresh record high of $4,058.82 on Sunday night, based on Kraken data.The digital coin is now valued to have a market capitalization of $460 billion, after climbing by over 30% in the past week. Ether topped $3,000 for the first time last … [Read more...] about Ethereum Breaks Past $4,000 to Smash Record for Second Week in a Row
