Central bank governor Aleš Michl recently stated that he is considering investing in Bitcoin as part of the bank’s diversification strategy. The governor of the Czech National Bank, Aleš Michl, suggested the possibility of including Bitcoin in the country’s foreign exchange reserves, highlighting growing governmental interest in cryptocurrency as a potential savings technology. In an […]
Today’s Stocks to Watch: Foxconn, Nvidia, and Plug Power
Key Points To Watch Out For: Nvidia (NVDA) Fuels Tech Sector Momentum Nvidia CEO Jensen Huang unveiled a suite of new artificial intelligence products at a technology event in Las Vegas, drawing significant market attention. The announcement pushed Nvidia shares up by 1% in pre-market trading, extending Monday’s bullish streak. Nvidia continues to solidify its […]
Dollar in Decline, Euro Eyes Inflation Data
The U.S. dollar declined on Tuesday, hitting a one-week low after reports suggested President-elect Donald Trump’s tariff policies could be more lenient than initially expected. Meanwhile, the euro gained ground ahead of crucial inflation data. The dollar index, which tracks the U.S. currency against a basket of six other currencies, was trading 0.3% lower at […]
Outlook for the Week of January 06 – 10
Key Points to Watch Out For: Will U.S. Data Provide More Momentum for the Dollar? The U.S. dollar started the year with a slight pullback, but it quickly resumed its dominant uptrend. The Federal Reserve’s hawkish stance—lowering its 2025 rate cut forecasts to only two quarter-point reductions—has widened yield differentials between the U.S. and other […]
Shiba Inu Introduces TREAT Token: A Milestone for Ecosystem Governance and Rewards
The Shiba Inu ecosystem is taking another significant step in its transformation from a memecoin to a comprehensive blockchain project with the announcement of its new token, TREAT. Designed for governance and rewards within the ecosystem, TREAT is set to become operational in January 2025, though an exact launch date remains unconfirmed. TREAT: An Innovative […]
Today’s Stocks to Watch: Foxconn, Nvidia, and Plug Power
Key Points To Watch Out For: Foxconn (TW:2317): Dominating in AI Technology Foxconn, officially known as Hon Hai Precision Industry, achieved record-breaking quarterly revenues, propelled by surging demand for servers that power artificial intelligence (AI) technologies. These results underscore the transformative impact of technological advancements on global supply chains. Foxconn shares gained 2% following the […]
U.S. Stock Futures Gain Ground Ahead of Key Employment Data
U.S. stock index futures rose on Monday, beginning the week on a positive note as investors anticipate the release of vital employment data later this week. Dow Jones futures were up 40 points, about 0.1%, S&P 500 futures were up 30 points, 0.5%, and Nasdaq 100 futures were up 180 points, 0.9%. Last Thursday, the […]
Dollar Declines on Jobs Data; Euro Gains on Services PMI
The U.S. dollar retreated on Monday, shedding some of its recent gains but remaining near its highest level in two years as traders awaited the release of key employment data later this week. The dollar index, which tracks the U.S. dollar against a basket of six other currencies, was trading 0.4% lower at 108.380, losing […]
Daily Technical Analysis EUR/USD: Hovering Around 1.0300 Ahead of Preliminary German Inflation Data
The EUR/USD pair is retreating from last session’s gains and trading around the 1.0300 mark in Monday’s session. Traders are closely monitoring the Eurozone Composite Purchasing Managers’ Index (PMI) and the preliminary German Consumer Price Index (CPI) data, both scheduled for release today. The pair is experiencing downward pressure as market analysts predict further declines, […]
OnEquity Highlights 2024
OnEquity, a global leader in multi-asset brokerage, proudly announces a series of transformative milestones achieved in 2024. These accomplishments underscore OnEquity’s unwavering commitment to providing unparalleled services and fostering innovation in the financial trading sector. Launch of the New and Improved Website In 2024, OnEquity has taken a significant leap forward with the launch of […]