It has a free mining coin and its project is strong and without advertisements. Its application has reached 100 million downloads, and hundreds of companies will adopt it as a means of payment. Unfortunately, some minds still think it is a monument 🤣🤣
Gold prices stabilize amid anticipation of the Federal Reserve meeting
Gold prices stabilized on Tuesday, ahead of the Federal Reserve (the US central bank) meeting on monetary policy, and amid anticipation of the bank’s expectations regarding the path of interest rates in 2025. Gold in spot transactions witnessed a slight change to $2,653.43 per ounce, while US gold futures contracts stabilized at $2,671.00.
As for other precious metals, silver in spot transactions fell by 0.2 percent to $30.47 per ounce, platinum by 0.7 percent to $929.05, and palladium by 0.3 percent to $944.59.
💵 The dollar is on track for its best weekly performance in more than a month on Friday, supported by expectations of a slower pace of interest rate cuts this year and analysts suggesting the U.S. economy will continue to outperform the rest of the world.
🛢 Oil continues to rise after closing the previous session at its highest levels in more than two months, supported by growing expectations that countries around the world will cut interest rates to stimulate economic growth.
The Fed’s favourite inflation gauge - the personal consumption expenditures (PCE) price index - due on Friday will be closely watched for clues about the direction of interest rates over the rest of the year.
The data comes as markets are becoming resigned to the higher-for-longer interest rate narrative after last weeks Fed minutes, along with cautious sounding remarks from policymakers who expressed doubt whether inflation is indeed on a reliable downward trajectory.
Investors will also get the chance to hear from several Fed speakers during the week including Governor Michelle Bowman, Cleveland Fed President Loretta Mester, Governor Lisa Cook, New York Fed President John Williams and Atlanta Fed President Raphael Bostic.
The economic calendar also features revised data on first quarter economic growth on Thursday and the Fed’s Beige Book on Wednesday.
Euro zone inflation The European Central Bank has all but promised to lower interest rates from a record high of 4% in at its upcoming June meeting, but it remains to be seen how quickly it will cut rates after that, particularly if inflation data out on Friday shows price pressures remain volatile.
Economists expect euro zone inflation to tick up 2.5% in May year-on-year, from 2.4% in April, while underlying inflation is seen holding steady at 2.7%.
This alone is unlikely to deter the ECB from cutting in June but some officials are already arguing against the need to ease any further.
The economic calendar for the bloc also features Germany’s Ifo business climate index on Monday, and the ECB’s survey of inflation expectations on Tuesday.
Japan data Tokyo inflation data due on Friday will be closely watched as markets try to gauge when the Bank of Japan could next raise rates.
The figures come two weeks before the BOJ's next monetary policy meeting, where some are betting the central bank could deliver its second rate rise after March's historic move.
Policymakers are facing mounting pressure to hike rates amid ongoing weakness.#bitcoin #solana #nft $BTC
🔴 Today, Tuesday, are earnings announcements from important American companies that have a strong impact on the indicators. Please pay attention.. 🇺🇸🔥🟥
Pay is considered the latest digital network that attracted the attention of the encrypted digital currency community before it was fully launched on the market. The encrypted digital currency community believes that the future of this network and its digital currency has a prosperous future, in addition to being a means of profit compared to other digital projects, as the network depends on... The same way early Bitcoin users made huge profits from storing and mining the digital currency.
On the other hand, some members of the digital community continued that the Pi digital currency is nothing but a fraudulent project with varying levels known as MLM and does not carry any significant value, so in this article we will discuss the explanation of the Pi Network and the future of the Pi currency, as well as learning about the price of the Pi currency. Network Pi today, the price of the pi Network coin in dollars, and what is the best way to sell Pi Network?
What do you know about Pi Network The pi network is known as a silent digital currency project aimed at preserving access to crypto mining operations in a decentralized manner adapted from the first generation of digital currencies, such as Bitcoin, which made it intended only for non-ordinary users.
Currently, Bitcoin is the most popular and famous digital currency. Besides Bitcoin, other popular cryptocurrencies include Ethereum, Ripple, Litecoin, and Bitcoin Cash. These currencies are widely popular and trusted by investors and the digital community. But you must remember that the digital currency market is volatile, so it is important that you do good research and analysis before making any investment decision. 📈💰
In recent times, digital currencies have witnessed significant developments and exciting changes. Cryptocurrencies, such as Bitcoin, Ethereum, and Ripple, have emerged as new forms of virtual currencies. These cryptocurrencies offer various advantages, including speed, security, and low transaction costs.
Additionally, the technology behind these cryptocurrencies has also seen exciting advancements. Technologies like blockchain and smart contracts contribute to enhancing security and transparency in payment and money transfer processes.$BTC $ETH $BNB #