Key Points To Watch Out For: Super Micro Computer (SMCI): Recommendation Boosts AI-Related Stock Super Micro shares rose nearly 9% in premarket trading, extending their rally after Tuesday’s tech-led rebound. An additional boost came from Raymond James, which upgraded the company to “outperform,” highlighting its leading position in the supply of servers for artificial intelligence […]
U.S. Stock Futures Steady, Trade Sentiment Remains Positive
U.S. stock futures were little changed early Wednesday as investors took a breather following a strong start to the week, driven by renewed optimism surrounding the U.S.-China trade deal. As of 07:00 ET (11:00 GMT), Dow Jones Futures edged up 10 points (0.1%), S&P 500 Futures rose 3 points (0.1%), and Nasdaq 100 Futures gained […]
Dollar Falls After a Big Drop, the Euro Regains Ground
The U.S. dollar extended its losses on Wednesday following a sharp drop in the previous session, as cooler-than-expected inflation data reinforced expectations for rate cuts from the Federal Reserve. At 04:00 ET (08:00 GMT), the U.S. Dollar Index—which tracks the greenback against six major currencies—fell 0.3% to 100.560, adding to Tuesday’s 0.8% decline. Dollar Retreats […]
Daily Technical Analysis EUR/USD: Rallies on Wednesday as the U.S. Dollar Continues to Weaken
EUR/USD climbed on Wednesday, recovering most of its early-week losses as the pair moved closer to the 1.1200 mark. The rebound was driven more by broad-based U.S. dollar softness than by any strong bullish sentiment specific to the euro. Muted Market Reaction to U.S. CPI Data Tuesday’s release of U.S. Consumer Price Index (CPI) inflation data prompted a relatively muted reaction […]
Arizona Governor Vetoes Two Crypto Bills, Greenlights Bitcoin ATM Regulation
Arizona Governor Katie Hobbs on Monday vetoed two cryptocurrency-related bills—SB1373 and SB1024—while signing into law a separate measure regulating Bitcoin ATMs across the state. Vetoed: Crypto Reserve Fund and Payments Bill Arizona Governor Katie Hobbs on Monday vetoed two cryptocurrency-related bills—SB1373 and SB1024—while signing into law a separate measure that regulates Bitcoin ATMs throughout the […]
Today’s Stocks to Watch: Coinbase, Boeing, and Hertz
Key Points To Watch Out For: Coinbase (COIN): Entry into the S&P 500 Sends Shares Soaring Coinbase jumped 10% in premarket trading after S&P Dow Jones Indices announced it would add the company to the S&P 500 on May 19. The announcement marks a major validation for the cryptocurrency exchange and could attract more institutional […]
U.S. Stock Futures Retreat from Gains Amid Uncertainty Over CPI Report
U.S. stock index futures edged lower on Tuesday, easing after Monday’s sharp gains driven by news of a U.S.-China trade agreement, as investors turned their focus to upcoming inflation data. As of 05:40 ET (09:40 GMT), Dow Jones Futures were down 62 points (0.2%), S&P 500 Futures fell 18 points (0.3%), and Nasdaq 100 Futures […]
Dollar Falls Slightly from Highs as Markets Eye U.S. CPI Report
The U.S. dollar edged lower on Tuesday but remained close to recent highs, buoyed by ongoing optimism following a trade agreement between the U.S. and China. As of 04:30 ET (08:30 GMT), the U.S. Dollar Index — which measures the greenback against a basket of six major currencies — dipped 0.2% to 101.410, after surging […]
Outlook for the Week of May 12 – 16
The week of May 12–16 is shaping up to be decisive for global markets, with key U.S. data—including inflation, GDP, and nonfarm payrolls—that could redefine expectations for rate cuts by the Federal Reserve. Internationally, possible moves by the Bank of England and the Bank of Japan are expected, while employment and inflation figures in Europe, […]
Cardano Unveils Leios: A Groundbreaking Upgrade That Could Outpace Solana and Ethereum
Cardano has introduced Leios, a transformative protocol upgrade that marks the culmination of eight years of research and aims to dramatically enhance network speed and stability. This next-generation architecture features a sophisticated multi-tier block structure—comprising input, sorting, and backup blocks—that could position Cardano as a leader in blockchain performance. Initial simulations suggest Leios may be […]