economic data – DIGIT INFO

Crypto products post $726M outflows amid rate cut uncertainty

DIGIT — Mon, 09 Sep 2024 13:13:16 +0000

CoinShares expects that a 50 basis point cut is more likely if inflation comes in below expectations in the upcoming inflation report on Sept. 10.

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Crypto products hit with $305M outflow amid strong US economic data

DIGIT — Mon, 02 Sep 2024 11:16:09 +0000

CoinShares expects that crypto investment products will become “increasingly sensitive” to interest rate expectations in September.

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PCE Report Triggers Gold Slide, Analyst Warns Fed Rate Cut Could Deepen Losses

DIGIT — Fri, 30 Aug 2024 21:10:55 +0000

On Friday, Aug. 30, 2024, gold experienced a decline in value, coinciding with the U.S. Commerce Department’s release of the personal consumption expenditures (PCE) price index data. The PCE climbed by 2% in July, aligning perfectly with market expectations. During the day, gold hit a low of $2,495, but it later bounced back, crossing the […]

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UBS Recommends Buying Gold Dips Amid Economic Uncertainty

DIGIT — Wed, 12 Jun 2024 02:41:44 +0000

The UBS editorial team, comprising financial analysts and economists at UBS, a prominent global financial services firm, recommends purchasing gold during price dips rather than selling. Recently, gold prices fell by over $80 per ounce due to strong U.S. payroll and earnings data, coupled with a rise in the 10-year U.S. Treasury yield and the […]

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BTC’s ‘Strange’ Session: Economic Data, Roaring Kitty Livestream Drive Market Fluctuations, Says QCP Capital

DIGIT — Sat, 08 Jun 2024 13:45:58 +0000

Following bitcoin’s dip in price, QCP Capital highlighted a “doubly strange session” overnight, driven by unexpected economic data and a widely viewed Roaring Kitty livestream. Analysts Highlight Market Chaos Following Bitcoin Dip and Gamestop Decline Three days ago, Singapore-based QCP Capital envisioned a new bitcoin (BTC) all-time high in June. At the time, the firm’s […]

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UBS Raises Gold Price Forecast Amid Rising Central Bank Demand and Geopolitical Tensions

DIGIT — Sat, 25 May 2024 21:15:19 +0000

UBS has raised its gold price forecast following a record surge in gold prices, driven by anticipated Federal Reserve rate cuts and a weakening U.S. dollar. The main factors behind the investment bank’s upgraded gold price prediction include softer U.S. economic data, increased central bank demand, and ongoing geopolitical uncertainties. UBS Revises Gold Price Prediction […]

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Federal Reserve Hikes Rate by 25bps to Keep Inflation at Bay, Aims for 2% Inflation Rate by 2025

DIGIT — Wed, 22 Mar 2023 19:05:17 +0000

Following the fallout over the past two weeks in the U.S. banking industry, the Federal Reserve raised the federal funds rate by 25 basis points (bps) on Wednesday, citing the need for the inflation rate to return to 2% over the long run.
Fed Raises Rate Despite Calamity in the U.S. Banking Sector
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Central Bank of Venezuela Lags in Delivering Economic Data, Experts Fear Upcoming Hyperinflation

DIGIT — Wed, 22 Mar 2023 08:30:45 +0000

The Central Bank of Venezuela is lagging when it comes to delivering economic data this year, failing to publish the inflation numbers for the last four months. Venezuelan economists believe this delay might mean that the country is starting to enter a new hyperinflation period, with the government trying to hide it by not offering […]

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