This week will feature five key economic events that investors and analysts will be watching closely. From inflation reports to monetary policy decisions, these events could significantly impact financial markets. U.S. Inflation The main event will be the August consumer price index (CPI) report, which will be released on Wednesday. Economists estimate a year-over-year increase of 2.6%. The Federal Reserve’s inflation target is around 2%, so […]
U.S. Stock Markets Trade Higher Following a Strong Weekly Sell-Off
U.S. stocks rose on Monday, giving signs of a rebound on Wall Street after stocks ended last session lower following an August jobs report that left market traders uncertain about possible interest rate cuts by the Federal Reserve. Analysts at Vital Knowledge suggest that the rise in stocks was not driven by any specific news […]
Daily Technical Analysis: EUR/USD Trades Below 1.100 on Possible ECB Rate Cuts
The EUR/USD is attempting to recover last session’s losses and is trading around 1.090 during Monday’s Asian session. However, the EUR/USD’s gains may be limited, as recent Eurozone inflation data has increased expectations for a rate cut by the European Central Bank (ECB) at its next meeting. With headline inflation close to 2% and longer-term […]
Understanding Ripple: How It Works and Its Role in the Cryptocurrency Market
If you are looking to invest in cryptocurrencies but still do not know in-depth how to do it, or if you want to know more about the Ripple cryptocurrency, continue reading this article to learn more. While Bitcoin is at the top of the cryptocurrencies preferred by users, other digital currencies are also in the […]
Dollar Dips on Gains, Fears Ahead of Upcoming Jobs Data
The U.S. dollar retreated on Wednesday in the wake of the latest reports on U.S. economic activity, which stoked concerns about a possible sharp economic slowdown, a so-called hard landing, ahead of the jobs report due on Friday. Dollar Traders Uneasy Ahead of Jobs Report On Tuesday, the ISM report on U.S. economic activity came […]
Spot Bitcoin ETFs Record Highest Outflows in 4 Months
Spot Bitcoin ETFs have garnered the financial market’s attention in recent months. However, recently released data indicates that these funds experienced net outflows of $287 million on Tuesday, the largest on record in the past four months. This huge exodus of capital raises questions about the health of the cryptocurrency market and investor confidence in the digital […]
U.S. Futures Markets Fall, Weakness Continues on Nvidia’s Steep Decline
U.S. stocks fell on Wednesday, signaling an extension of the sharp losses recorded in the past session on concerns about the economic slowdown. Wall Street’s major indexes fell sharply on Tuesday as U.S. investors returned from the Labor Day holiday after disappointing data on manufacturing activity stirred concerns about the economy’s outlook. The Dow Jones […]
Daily Technical Analysis EUR/USD: Pair Seeks Support on Downward Pressure
The EUR/USD pair tilted lower during the day on Tuesday, with intraday bids at two-week lows before the day’s session closed near 1.1050. Price action remains limited as markets are bracing for a final US Non-Farm Payrolls release this week, although a missed Purchasing Managers’ Index figure appears to have revived fears of an impending […]
Qatar Introduces New Legal Framework for Cryptocurrency Regulation
Qatar is opening the way for cryptocurrencies with the introduction of a new special regulatory framework for this type of asset. Companies in the sector can now register, which will help boost the digital economy in the country. Qatar has adopted a series of new rules to establish a regulatory framework for this new asset […]
U.S. Stock Markets Fall in Cautious Mood Ahead of Friday’s Jobs Report
U.S. stocks futures fell on Tuesday, with investors returning from the long weekend cautiously ahead of the release of key labor market data. Attention Focuses on the Labor Market Investors are returning from the Labor Day holiday to a crucial week for U.S. markets, with high expectations for upcoming labor market data, most notably Friday’s […]