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A survey released by the Federal Reserve Bank of New York on Friday, August 7th, showed that Americans overall expectations for the job market improved in July, while their expectations for future inflation also declined. The survey showed that if unemployed, respondents believed they would find a new job, rising to 46.2%, the highest level this year. This improvement was most pronounced among those with a high school education or less, and those with household incomes below $50,000. Meanwhile, consumers expectations for inflation over the next year fell slightly to 3.6% from 3.7%. Inflation expectations for the next three and five years remained unchanged at 3.3% and 3%, respectively. However, consumers remain concerned about the overall labor market situation. The average probability of an increase in the unemployment rate over the next year has risen. This upward trend is prevalent across all age groups and income levels. Respondents also saw a slight increase in their perceived likelihood of losing their job within the next year, but it remains below the 12-month average.The U.S. Commodity Futures Trading Commission (CFTC) has issued a warning to the forecasting market about the risks associated with American-style odds.New York Fed: July labor market expectations were mixed. Current and expected personal financial outlook improved in July.1. US non-farm payrolls fell by 23,000 in July, the first decline since February, compared to market expectations of an 80,000 increase. 2. The US unemployment rate fell slightly to 4.1% in July, the lowest level since June 2025, below the market median expectation of 4.2%. 3. US interest rate futures market pricing indicates that the expected rate hike by December is only 28 basis points, lower than the 32 basis points before the non-farm payroll data release. 4. Data released by the US Department of Agriculture (USDA) shows that private exporters reported sales of 238,000 tons of soybeans to China, to be delivered in the 2026/2027 marketing year. 5. On the evening of July 7, the Beijing Municipal Commission of Housing and Urban-Rural Development, the Beijing Municipal Commission of Planning and Natural Resources, and the Beijing Housing Provident Fund Management Center jointly issued a "Notice on Further Optimizing and Adjusting the Citys Real Estate Policies," clarifying that the required years of social security or individual income tax payments for non-Beijing residents purchasing commercial housing within the Fifth Ring Road have been reduced from "2 years" to "1 year." 6. White House National Economic Council Director Hassett: I believe President Trump will not give Federal Reserve Chairman Warsh advice on interest rates. 7. According to the Globe and Mail, as negotiations intensify ahead of the US threat to impose a new round of tariffs, Canada and the US are discussing a potential agreement: Ottawa would agree to meet a series of trade demands put forward by the Trump administration in exchange for tariff reductions for some industries.The New York Fed: In July, the three-year inflation forecast remained unchanged at 3.3%; the five-year inflation forecast remained unchanged at 3%.

Indian Exchange Volumes Benefiting from Bitcoin Price Drop

Cory Russell

May 12, 2022 10:09

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Bitcoin's anticipated fall from grace in recent days was a phenomenon that surprised investors and dealers. However, this was a happy moment for Indian crypto exchange operators, as trading volumes increased dramatically once BTC's price retested the lower $29,000 zone.

Indian Stock Exchange Volumes Increase

Following a dry period, trade volumes on Indian crypto platforms increased. For the most of this year, Bitcoin and other altcoins experienced a range bound price movement, and Indian crypto exchange volumes were similarly modest.


As bitcoin's price fell by more than 56% from its all-time high of $69,000 in November 2021, transaction volumes increased throughout marketplaces as a result of the selling pressure.


According to accounts from local news organizations, the increase in volumes in India was enormous and lasted almost two days. Trade volumes on crypto trading platforms including WazirX, CoinDCX, and Unocoin increased by 20 to 75 percent.


"Overall volumes increased by 70% between May 8 and 9," stated Nischal Shetty, Co-founder and CEO of WazirX, in an interview. In terms of trading, there is a mood of 'buying the drop,' as buyers have been somewhat controlling the market."


He went on to say that such purchasing activity shows that investor confidence in the market is still high, even at current levels.

India's Web3 Developments Increasing My Pace

According to a recent research, the number of Web3 developers reporting their locations climbed the highest in India and Russia, respectively, increasing to 5.3 percent and 4.3 percent of the market share. The United States, on the other hand, has lost over 20% of its market share since 2015.


With the emergence of Web3 and blockchain development in the Indian subcontinent, an increase in trading volumes amid a wider market fall indicates market players' trust. This meant that Indians succumbed to the "buy the dip" mentality.


"Volatility usually leads to a rise in volume on platforms like ours," said Minal Thukral, Executive Vice President, Growth and Strategy at CoinDCX. We're witnessing an increase in the number of people purchasing the dip and a decrease in the number of users selling it."


However, since the new tax policy took effect on April 1, trade volumes on Indian crypto exchanges have decreased. However, it seems that Indians are increasingly taking greater risks, indicating a growing interest in hazardous asset investments in the country.

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