The U.S. dollar is calm on Tuesday as investors await key economic data, including Friday’s payrolls report, which could set the stage for a rate cut by the Federal Reserve later this month. Dollar Focuses on Labor Market The U.S. ISM manufacturing survey, due later in the session, is the first major indicator in a […]
Outlook for the Week of September 2 – 6
Key points to watch out for: Expectations for a Likely Fed Rate Cut Remain High For yet another week, investors are eagerly awaiting the NFP results to get a sense of the size and pace of the Fed’s next rate cuts. The weaker-than-expected July figures generated market turbulence, instilling fears about the possibility of a […]
September on Wall Street: Why Should Caution Be Exercised?
September, known as the most dreaded month on Wall Street, is just beginning. What can we expect this month in the U.S. stock market? What Has Happened According to Bloomberg Line, September has been, on average, the worst month of the year for the U.S. stock market for about 75 years, with the S&P 500 […]
U.S. Economic Calendar: Key Events for Crypto in September
Cryptocurrency markets are closely watching several key macroeconomic events in the U.S. this month, which could have a considerable impact on cryptocurrencies. In particular, the Fed’s interest rate announcements will be a key data point in September. Favorable economic information usually has an impact on investor confidence in the cryptocurrency space. Over the course of […]
Market Highlights for the Week: Rates, Market, Oil
Friday’s August employment report will focus attention on the short holiday week as markets anticipate the Federal Reserve to start cutting rates later this month. Meanwhile, the Bank of Canada is set to implement another rate cut, oil prices will remain under pressure, and China will release new manufacturing data. Here is a look at […]
Dollar Awaits Payrolls, Euro Gains
The U.S. currency retreated slightly on Monday amid light trading due to the holiday, as traders await key labor market data as they look for signs of possible interest rate cuts by the Federal Reserve. This Monday, activity will be minimal due to the U.S. Labor Day vacation. Dollar Focuses on Payrolls Report The dollar […]
Daily Technical Analysis EUR/USD: Rises to Near 1.1050 on Fed’s Dovish Tone
The EUR/USD breaks its three-day losing streak and trades around 1.1050 during the Asian session on Monday. The rise in the EUR/USD could be a consequence of the U.S. dollar’s lukewarmness following the negative sentiment surrounding the Federal Reserve. However, the July Personal Consumption Expenditures index may have supported the dollar and prevented the pair […]
Tame the Market with Moving Averages: A Comprehensive Guide
Entering the world of trading requires understanding key tools such as moving averages. They are fundamental and essential for understanding trends in the financial markets. In this article, we delve into what moving averages are, their types, and how they can provide an advantage when trading. Get ready to learn how a few simple lines […]
Bitcoin price today: drops to $59,000 as large token transfer worries investors
Bitcoin lost value on Wednesday, extending a sharp fall from the previous session’s drop, as the movement of a large volume of tokens on a well-known exchange stirred sentiment with fears of a major selling event. The world’s most important cryptocurrency posted a sharp drop, reversing its recent gains and falling below the $60,000 level. […]
U.S. Stock Market Little Changed Ahead of Nvidia Results
U.S. index futures barely moved on Wednesday, and investors appear to be on the sidelines awaiting Nvidia’s results after the close of trading, which will shed light on artificial intelligence-related trading. The rotation in technology stocks intensified earlier this week in the wake of growing conviction that the Federal Reserve will cut interest rates next […]