Key Points to Watch Out For: Inflation Appears to Be Dollar-Friendly The U.S. dollar has emerged as a dominant force in 2024, a sharp reversal from the dynamics of 2023 when Europe and other global markets struggled with persistent inflation. The Federal Reserve’s efforts to combat inflation have yielded significant progress, setting it apart from […]
Trump Adds Pro-Crypto Allies to Cabinet, Including Former Soccer Player Bo Hines
Bo Hines has been selected to head the newly formed “Crypto Council,” working alongside the “cryptocurrency czar,” as Michael Kratsios and Lynne Parker join in crypto-policy roles, among other appointments. U.S. President-elect Donald Trump continues to appoint cryptocurrency advocates to senior roles in his upcoming administration. In a post on his Truth Social account on […]
Celebrate the Holidays with OnEquity
As the festive season surrounds us with joy and gratitude, OnEquity wishes you Happy Holidays and a prosperous New Year! This special time allows us to reflect on the milestones we’ve achieved together in 2024, and we are deeply thankful for the trust you’ve placed in us for your trading needs. Your unwavering support continues […]
Today’s Stocks to Watch: Honda and Novo Nordisk
Key Points To Watch Out For: Honda Motor (HMC): Merger Plans Boost Shares Honda’s shares rose after the announcement that its board of directors agreed to evaluate a potential merger with Nissan. Additionally, the company reaffirmed its share buyback program, sparking optimism in the market and boosting investor confidence. Novo Nordisk (NVO): Regaining Ground After […]
U.S. Stock Futures Up, Light Trading in Shortened Holiday Week
U.S. stock index futures rose on Monday as Wall Street reacted positively to softer inflation data at the beginning of a holiday-shortened week. In Monday’s trading, Dow Jones futures were up 5 points, or 0.1%, S&P 500 futures were up 10 points, or 0.2%, and Nasdaq 100 futures gained about 60 points, or 0.3%. Trading […]
Dollar Rebounds After Heavy Loss, Euro Retreats on Lagarde’s Comments
The U.S. dollar rose on Monday, recovering from significant losses at the end of last week due to signs of cooling inflationary pressures. Meanwhile, the euro declined following cautious comments by ECB President Christine Lagarde. The dollar index, which tracks the U.S. currency against a basket of six other currencies, traded 0.4% higher at 107.750, […]
Daily Technical Analysis EUR/USD: Rises to Near 1.0450 on Increased Prospects That the Fed Will Leave Rates Steady in January
The EUR/USD pair is trading near 1.0430 on Monday, holding flat after Friday’s gains. The pair’s rise is attributed to a weakening U.S. dollar following the release of the U.S. Personal Consumption Expenditure (PCE) Price Index data. The November inflation report revealed that year-on-year core PCE inflation, the Federal Reserve’s preferred measure of inflation, rose […]
OnEquity Updates Trading Hours for the Holiday Season
As the holiday season approaches, OnEquity, a leading name in multi-asset trading, wishes to extend warm greetings to its global community of traders and investors. In observance of Christmas and New Year’s celebrations, OnEquity announces adjusted trading hours to accommodate the festive schedule while ensuring seamless service to all clients. We encourage traders to review […]
Understanding the DXY Index: A Key to Forex and Global Market Insights
In this article, we take a comprehensive look at the U.S. Dollar Index (DXY), a pivotal indicator for tracking the performance of the U.S. dollar in the global financial landscape. Often referred to as the USDX or simply the Dollar Index, this metric serves as a vital benchmark for traders, investors, and policymakers alike, offering […]
Ohio, U.S., Joins Jurisdictions Considering Incorporating Bitcoin into Its Reserve
A lawmaker in the Ohio House of Representatives has introduced a bill proposing the creation of a Bitcoin fund within the state treasury, making Ohio the third U.S. state to explore such an initiative. Ohio Enters the Bitcoin Debate In Ohio, Representative Derek Merrin introduced House Bill 703, also known as the “Ohio Bitcoin Reserve […]