U.S. stocks and indices fell slightly on Wednesday, consolidating after reaching record highs, with attention focused on upcoming signals from the Federal Reserve regarding interest rates. The S&P 500 and the Dow Jones Industrial Average hit record highs on Tuesday, continuing the optimism triggered by the Fed’s interest rate cut the previous week. Powell Speech […]
Dollar Declines, Euro Approaches Multi-Month Highs
The U.S. dollar weakened on Wednesday, adding to last session’s losses, while the euro rose despite signs of economic weakness in the eurozone. Dollar Continues to Fall The U.S. dollar has struggled after the Federal Reserve began its rate-cutting cycle with a sizable 50 basis point reduction earlier this month. Data released Tuesday indicated that […]
Daily Technical Analysis EUR/USD: Pair Regains Ground on Dollar Weakness
EUR/USD moved away from the bearish trend and returned to touch recent high levels on Tuesday, making another unsuccessful attempt at 1.1200. The euro has little reason to rise, but the dollar’s weakness is helping to maintain the uptrend. There is little data of interest from both sides of the Atlantic on Wednesday. Euro markets […]
Interest Rate Cut Drives Cryptocurrency Investment to $321 Million
Cryptocurrency investment products saw inflows of up to $321 million in the previous week, an increase that is related to the Federal Reserve’s interest rate cuts. Bitcoin, continues to be the dominant asset, drawing the most investment attention, while altcoins remain the most important cryptocurrency direction in the market. Bitcoin at the Forefront of Cryptocurrency […]
U.S. Stocks Rise, Boeing and Bowman Speech in Spotlight
U.S. equity markets rose on Tuesday, tracking near all-time highs, in anticipation of further signals from the Federal Reserve regarding interest rates. Wall Street indexes rose slightly on Monday, with the S&P 500 and the Dow Jones Industrial Average setting new record highs at the close. Fed Speeches and PCE Data Anticipated This week, attention […]
The Dollar Stabilizes and the Euro Recovers Positions
The U.S. dollar was able to stabilize on Tuesday, while the euro made attempts to recover from last session’s sharp losses. Dollar Stable The U.S. dollar stabilized after last week’s sell-off in the wake of the Federal Reserve’s rate cut. The Fed began its rate-cutting cycle with a sizable 50 basis point reduction, and right […]
Outlook for the Week of September 23-27
Key points to watch out for: SNB to Continue Cutting Interest Rates Due to Franc Strength The Swiss National Bank (SNB) is the latest major central bank to announce its September policy decision. Like with the Federal Reserve, uncertainty remains about the size of the rate cut. Investors estimate a 60% chance of a 25 […]
Market Highlights for the Week: Inflation, Gold, and the Fed
Key inflation data and speeches from several Federal Reserve policymakers will be closely monitored by investors following last week’s significant rate cut. PMI data will offer insights into the global economy’s strength, while gold prices remain near record highs. Here’s what to watch in the markets this week. Inflation The Federal Reserve’s preferred inflation gauge, […]
U.S. Stock Markets Advance, More Signals from the Fed Awaited
Stock markets were trading slightly higher on Monday as investors took a breather at record levels in anticipation of further signals from the Federal Reserve this week. The preference for interest rate cuts following the Fed’s tapering efforts caused both the S&P 500 and the Dow Jones Industrial Average to hit record highs the previous […]
Dollar Rebounds, Euro Hit by Poor PMI Data
The U.S. dollar rose on Monday, moving away from the one-year low recorded the previous week, while poor data on economic activity in the euro zone weighed on the euro. Dollar on PCE watch The U.S. dollar has somewhat recovered from the massive sell-off that followed the Federal Reserve’s sharp rate cut last week, and […]