The EUR/USD is recovering after hitting a two-year low of 1.0332 on Friday and is currently trading near 1.0480 at the time of writing. This rebound may reflect a correction in the U.S. dollar, despite robust preliminary S&P Global U.S. Purchasing Managers’ Index (PMI) data released in the prior session. Meanwhile, the U.S. Dollar Index […]
Learn to Trade Without Risk: The Power of Paper Trading
Paper trading is a technique that allows you to practice trading without risking real money. Essentially, it involves simulating buying and selling operations in financial markets using real-time market data, but without executing actual transactions. This method enables you to experiment with and test trading strategies and their effectiveness in a risk-free environment. Unlike real […]
Today’s Stocks to Watch: Alphabet, Super Micro, and Walmart
Key Points To Watch Out For: Nvidia (NVDA) Rises Slightly Before Market Open Nvidia shares experienced a modest rise before the market opened. The artificial intelligence chipmaker is generating significant anticipation ahead of its quarterly earnings report, scheduled for release after the close of trading today. Investors are expecting robust growth in both earnings and […]
U.S. Stock Markets Rise, Nvidia’s Results Look Promising
U.S. stock index futures rose on Wednesday, building on a session of strong positive signals on Wall Street as technology stocks advanced ahead of earnings from market leader Nvidia (NVDA). In early trading, Dow Jones futures climbed 70 points, or approximately 0.2%, while S&P 500 futures gained 5 points, up 0.1%, and Nasdaq 100 futures […]
Dollar Rises on Safe-Haven Bid, Pound Gains on CPI Data
The U.S. dollar rose on Wednesday, supported by its safe-haven status after the closure of the U.S. embassy in Kyiv, Ukraine, while the British pound gained strength as U.K. inflation in October exceeded expectations. Earlier in the day, the Dollar Index, which measures the greenback against six other currencies, traded 0.3% higher at 106.490, recovering […]
Daily Technical Analysis EUR/USD: The Pair Is Expected to Break Above the 1.06 Level
During Tuesday’s trading, the EUR/USD pair fluctuated between 1.0550 and 1.0600, initially attempting to move lower but recovering slightly to close down about 0.14% on the day. The latest Harmonized Index of Consumer Prices (HICP) inflation figures from the European Union provided little direction for traders. Meanwhile, dollar markets are left to contend with a […]
Ethereum on the Rise: Whales Push Accumulation and Forecasts Point to a New All-Time High
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, is making significant strides toward setting a new all-time high (ATH), following closely behind Bitcoin’s lead. Bullish Projection for Ethereum On-chain metrics provider Globe of Crypto recently highlighted a critical technical pattern: “Forming an ascending triangle at 1WTF. A breakout could provide a huge bullish rally towards […]
Today’s Stocks to Watch: Alphabet, Super Micro, and Walmart
Key Points To Watch Out For: Alphabet (GOOGL): Faces New Antitrust Action Alphabet, the parent company of Google, is under scrutiny from U.S. antitrust authorities. According to The Wall Street Journal, the Biden administration plans to take more aggressive action against big tech companies before the end of its term. These measures could impact Alphabet’s […]
U.S. Stocks Trade Mixed: Nvidia Earnings, PMI Data, and Fed in the Spotlight
U.S. stock index futures and equities declined on Tuesday, with geopolitical tensions heightened by Russia’s President Vladimir Putin’s hard-line comments on nuclear weapons. Wall Street indexes rose on Monday, recovering some of the losses recorded the previous week, helped by a strong rally by electric vehicle maker Tesla (TSLA). The S&P 500 index was up […]
Dollar Continues to Rise, Trump’s Political Appointees Take Center Stage
The U.S. dollar rose on Tuesday after retreating from one-year highs reached last week. Traders sought political direction as attention shifted toward President-elect Donald Trump’s cabinet selections. In early trading, the Dollar Index, which tracks the greenback against a basket of six other currencies, climbed 0.2% to 106.427, recovering from a 0.4% decline in the […]