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of euro area The annual inflation rate in September 2024 was 1.7%, down from 2.2% in August. A year ago, it was 4.3%. european union The annual inflation rate in September 2024 was 2.1%, down from 2.4% in August. A year ago, it was 4.9%. These numbers are Eurostat, Statistical Office of the European Union.The lowest annual percentage rates are: Ireland (0.0%), Lithuania (0.4%), Slovenia and Italy (Both 0.7%). The highest annual interest rate was recorded by Romania (4.8%), Belgium (4.3%) and Poland (4.2%). Compared to August 2024, annual inflation rates fell in 20 Member States, remained stable in two,…
font size Inflation in the euro zone was slower than previously expected in September, according to revised official data released on Thursday, hours before the European Central Bank was expected to cut interest rates. Year-on-year growth in consumer prices in the single currency area slowed to 1.7% last month, slightly changing from the 1.8% figure published on October 1, according to the EU's Eurostat data agency. Interest rates fell below the ECB's 2% target for the first time in three years. The ECB is now focused on tackling weak economic growth in the 20 euro zone countries, with inflation appearing…
High risk warning: Foreign exchange trading involves a high level of risk and is not suitable for all investors. Leverage introduces additional risks and losses. Please consider your investment objectives, experience level, and risk tolerance carefully before deciding to trade foreign exchange. You may lose some or all of your initial investment. Don't invest money you can't afford to lose. Please familiarize yourself with the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor. FOREXLIVE™ provides references and links to…
Bitcoin's positive price movement helped Bitcoin reach a multi-month high of around $68,500 yesterday, but Bitcoin has lost momentum and is now above $67,000. Altcoins were also very weak today, with XRP up 2.5% and the two meme coins rising the most. BTC’s breakthrough It's safe to say this was a positive seven days for the major cryptocurrencies. Exactly one week ago, the bears appeared to be in complete control of the market, pushing the market significantly lower to a multi-week low below $59,000. However, the Bulls stepped up their game at this point and did not allow any more…
Robinhood, a commission-free stock trading and investment platform, has announced this. Bitcoin and Ethereum futures trading. The company has also launched a desktop trading platform.”legend” added futures trading and index options On mobile for active traders. Robinhood offers Bitcoin and Ethereum futures trading Robinhood launches first-ever customer-centric conference HOOD Summit Be stylish by announcing some products or services. We have launched the long-awaited desktop platform.”legend” added futures and index options trading capabilities to its mobile app on Wednesday. It also announced HOOD Week, which offers users exclusive bonuses on transfers from external brokerages. The company announced that it will launch…
A16z: Cryptography could play a key role in AI challengesBlockchain technology could be the key to democratizing AI development, according to a recent report titled “State of Crypto 2024” by leading venture capital firm a16z. According to the analysis, crypto projects with AI capabilities increased from 27% in 2023 to 34% in 2024.Meanwhile, the cryptocurrency industry is accelerating innovation as the cost of developing artificial intelligence rises and power potentially consolidates among a small number of big tech companies. This report demonstrated how blockchain technology is removing traditional barriers to AI development and opening it up to a wider range…
As major digital assets continue their bullish momentum, crypto market sentiment is undergoing a major shift. According to data provided by CoinMarketCap, the cryptocurrency fear and greed index entered the 60 zone today, indicating a somewhat greedy market situation. BTC Price and Crypto Fear and Greed Index – October 17 | Source: CoinMarketCap This is the first time in six weeks that the crypto market has reached the greed zone, the last time it was seen on July 31st. The big drop occurred in early August, when Bitcoin (BTC) price fell below $54,000. The recent market-wide rally occurred on the…
Analysts predict that ETH/BTC will bottom in Q4 2024 and Ethereum will face a short-term downturn before potentially recovering in 2025. Ethereum price is at a key point testing the $2,700 resistance zone after rising more than 10% over the past week. This important milestone has attracted the attention of analysts predicting potential price movements. Despite recent price gains, market watchers expect Ethereum to face further declines by the end of 2024. Benjamin Cowen, CEO of Into the Cryptoverse, focuses on the long-term movement of the ETH/BTC pair. ETH/BTC breakdown and historical similarities Cowen has been vocal about the relationship…
BitMEX founder Arthur Hayes believes that the outbreak of war in the Middle East could actually benefit the price of Bitcoin (BTC). In a new analysis, Hayes outlines what could happen to the crypto industry if the conflict between Israel and Iran escalates. Cryptocurrency veterans point out that Iranian Bitcoin miners account for up to 7% of the world's hashrate. However, even if Israel's attack disrupts the country's crypto mining sector, Hayes does not think it will affect the price of BTC. “Remember when China banned Bitcoin mining in mid-2021?1, the hash rate recovered to its May 2021 high in…
Eurozone: Consumer hopes for strong recovery fade | Oxford Economics Skip to content Research briefing session | October 17, 2024 Hopes that a recovery in consumer spending would drive eurozone growth in 2024 did not materialize. Growth in consumer spending remains unimpressive, reflecting the sluggish momentum of the overall economy. Consumption growth is expected to remain sluggish at 0.8% this year and 1.5% in 2025. What you will learn: Austere monetary policy remains a major headwind for consumer spending. Households continue to move liquid savings into term deposits to take advantage of high…