Key Points To Watch Out For: Honda (HMC) and Nissan (NSANY): Merger Rumors Shake the Market Honda Motor shares fell by 3% in Tokyo, while Nissan Motor shares surged by an extraordinary 24%, triggering a suspension of their trading. This volatility stems from the announcement that the two Japanese automakers are considering an eventual strategic […]
U.S. Stock Markets Rally in Light of Fed Rate Cut
U.S. stock index futures rose on Wednesday, showing signs of recovery from the previous day’s decline on Wall Street, as investors eagerly anticipated the Federal Reserve’s long-awaited rate cut. Markets have almost fully priced in a 25 basis point reduction at the conclusion of the Fed’s meeting on Wednesday. Attention will now shift to signals […]
Daily Technical Analysis EUR/USD: Pair Plunges and Falls Behind 1.05
The euro’s upward momentum dissipated on Tuesday, pushing the EUR/USD pair below the 1.0500 level as traders prepared for the final Federal Reserve meeting of 2024. European data releases remain sparse this week, leaving Fiber traders navigating key U.S. economic data as their primary focus. Euro markets largely overlooked the multiple appearances by European Central […]
Today’s stocks to watch: Coinbase and Super Micro Computer
Key Points To Watch Out For: Coinbase (COIN): Shares Linked to Bitcoin’s Rise Shares of Coinbase (COIN), Marathon Digital Holdings (MARA), and MicroStrategy (MSTR) rose in premarket trading, reflecting the upward trajectory of Bitcoin prices, which have surpassed $107,000. This increase is attributed to optimism surrounding the president-elect’s proposed agenda. SoftBank Group: Announcement of a […]
U.S. Stocks Lower as Fed Meeting and Retail Sales Take Center Stage
U.S. stock index futures traded lower on Tuesday as investors exercised caution ahead of this week’s Federal Reserve meeting, where the central bank is expected to cut rates at a slower pace of easing. Last day Dow Jones futures were down 110 points, or 0.3%, S&P 500 futures were down nearly 10 points, or 0.2%, […]
Dollar Holds Strength Before Fed Meeting, Pound Gains on Wage Data
The U.S. dollar rose on Tuesday ahead of the Federal Reserve’s final policy meeting of 2024, while sterling remained firm, buoyed by better-than-expected earnings data. The Dollar Index, which tracks the U.S. currency against a basket of six other currencies, was trading 0.2% higher at 106.740, near a three-week high. Dollar Sustains Strength Ahead of […]
Outlook for the Week of December 09 – 13
Key Points to Watch Out For: Fed to Pause in January Following last week’s data, which showed U.S. inflation slightly higher than in October, market participants are nearly unanimous in expecting the Federal Reserve to cut interest rates by 25 basis points this week. However, the likelihood of a pause in January has climbed to […]
Japanese Lawmakers Call for Creation of Bitcoin Reserves and Adoption of Innovative Policies Inspired by DOGE
Japan is the most recent country to be called upon to study the feasibility of setting up a Bitcoin Strategic Reserve. This proposal comes in the wake of global interest in Bitcoin reserves gaining momentum, particularly in the wake of Donald Trump’s election victory in the United States. Japan Explores Bitcoin Reserves On December 11, […]
U.S. Stock Markets Rise in Anticipation of Federal Reserve Meeting
U.S. stocks climbed on Monday, trading in narrow ranges as investors awaited the Federal Reserve’s final policy meeting of 2024. In early trading, Dow Jones futures were up about 50 points, or 0.1%, S&P 500 futures were up about 8 points, or 0.1%, and Nasdaq 100 futures increased by approximately 55 points, or 0.3%. Futures […]
Dollar Falls Before Fed Meeting, Euro Loses Ground as Well
The U.S. dollar declined on Monday, although it stayed near a three-week high ahead of the Federal Reserve’s final policy meeting of the year. Meanwhile, the euro lost ground following data showing mixed regional economic activity. The Dollar Index, which tracks the U.S. currency against a basket of six other currencies, traded 0.1% lower at […]