The U.S. dollar softened slightly on Wednesday, pulling back from six-month highs as markets awaited critical U.S. inflation data. This report is expected to offer further insight into the future trajectory of interest rates in the world’s largest economy. Earlier in the session, the Dollar Index, which measures the greenback against a basket of six […]
Daily Technical Analysis EUR/USD: Rises Above 1.06 but Remains Near Yearly Lows
The EUR/USD pair resumed its downward trajectory on Tuesday, shedding another third of a percentage point. It briefly tested levels slightly below 1.0600 during the day, signaling persistent bearish sentiment. This marks an ongoing seven-week decline from its multi-month peak just above 1.1200 in September. Market Dynamics The absence of significant economic data from the […]
Bitcoin Overtakes Silver to Become the World’s Eighth Largest Asset by Market Capitalization
Bitcoin has achieved another remarkable milestone, surpassing silver in market capitalization to rank as the eighth largest asset globally, with a valuation of $1.736 trillion, as reported by the Companies Market Cap website. This accomplishment came after Bitcoin’s price surged past $88,000, gaining 10% in a single day. Conversely, silver’s market value declined by 2%, […]
Today’s Stocks to Watch: Tesla, Home Depot, and Bayer
Key Points To Watch Out For: Tesla (TSLA) Experiences Volatility Amid Post-Election Surge Tesla’s stock displayed significant market volatility, reflecting heightened investor interest following Donald Trump’s presidential election victory. Shares of the electric vehicle maker surged 9% on Monday alone, propelled by optimism surrounding potential policy benefits under a Trump administration. Tesla’s CEO, Elon Musk, […]
U.S. Stock Markets Retreat Slightly After Reaching All-Time Highs, CPI Report Awaited
U.S. stocs and stock index futures were marginally lower on Tuesday as markets stabilized in anticipation of key inflation data. This comes after Wall Street experienced a record-breaking rally fueled by optimism following Donald Trump’s election victory. Investors appeared cautious, seeking further clarity on what a second Trump presidency might mean for economic policy. Wall […]
Dollar Extends Gains Amid Trump Administration Optimism and Fed Speculation
The U.S. dollar surged to a four-month high on Tuesday as markets adjusted to the anticipated economic changes under the incoming Trump administration. Traders are also positioning for potential shifts in Federal Reserve policy, further fueling the dollar’s momentum. Trump Trade Fuels Dollar Rally Throughout the past week, the dollar experienced heightened demand as traders […]
Outlook for the Week of November 11–15
Key Points To Watch Out For: U.S. CPI in Focus Amid Rate Cut Bets Post-Trump Win Donald Trump’s return to the White House has been met with market euphoria. Wall Street and Bitcoin hit historic highs, while the U.S. dollar surged to a four-month high, propelled by rising Treasury yields. Treasury yields, which had already […]
Shiba Inu Proposal Aims to Transform the U.S. Through a New Blockchain Ecosystem
Shytoshi Kusama, the anonymous lead developer of the Shiba Inu network, has announced plans to propose a groundbreaking initiative to the new U.S. presidential administration under Donald Trump. The project involves creating a “Strategic Hub for Innovation and Blockchain” (S.H.I.B.) in a U.S. city, with the goal of positioning the United States as a global […]
Today’s Stocks to Watch: Tesla, Coinbase, and Trump Media
Key Points To Watch Out For: Coinbase (COIN), MicroStrategy (MSTR) and Robinhood (HOOD) Lead Gains Amid Bitcoin Surge Stocks linked to cryptocurrencies rallied in pre-market trading, driven by Bitcoin’s surge past $80,000. The cryptocurrency market has entered a frenzied state following Donald Trump’s election victory, with investors speculating on a more favorable regulatory environment for […]
U.S. Stocks Rise; Inflation and Fed in the Spotlight
U.S. stock markets and index futures rose on Monday, extending their recent rally, as investors focused on upcoming inflation data and insights from Federal Reserve officials set to speak this week. In early trading, Dow Jones futures were up about 175 points, up 0.4%, S&P 500 futures were up about 21 points, up something close […]