Key points to watch out for: Euro Investors Are Keeping an Eye on the French Elections Currency market traders will be on the edge of their seats on Sunday, in anticipation of Monday’s opening and the impact the second round of the French election will have on the market. The far-right National Rally (RN) party […]
This week is pivotal for the cryptocurrency market: Why?
The cryptocurrency market may finally experience a shakeout following the upcoming release of CPI and PPI data later this week. Chairman Powell will also deliver his semi-annual monetary policy testimony to the HFSC. With a potential 25 basis point rate cut ahead, circumstances could change very quickly. A more forceful stance on interest rates by […]
Market highlights for the week: Inflation, Biden, Powell
After a holiday-shortened week, investors will keep a close eye on the upcoming economic report on inflation, which is the highlight of the week. Last week, the labor market again showed signs of moderation. June’s nonfarm employment figures showed an increase of 206,000 jobs, a slight decline from May’s revised count of 218,000. The U.S. […]
U.S. stock markets fall slightly after Powell’s testimony, with CPI in focus
U.S. stock indexes fell slightly on Monday as investors await both Federal Reserve Chairman Jerome Powell’s testimony and key inflation data for more signals on interest rates this week. Futures stabilized in the wake of Wall Street hitting record highs on Friday last week as softer-than-expected nonfarm payrolls data increased optimism that the Fed will […]
Dollar stable in light of inflation data; euro advances
In early European trading, the dollar was stable ahead of key inflation data, while the euro was moving as investors digested the results of the French parliamentary elections. The dollar is stable in anticipation of CPI data The dollar was steady at the start of a new week, having suffered a setback after surprisingly strong […]
Daily Technical Analysis EUR/USD: Below 1.0850 as a Result of the Elections in France
The EUR/USD is trading in a downtrend on Monday. Uncertainty in France following Sunday’s parliamentary runoff election has put some selling pressure on the Euro (EUR). Also, later in the session, the Eurozone Sentix Investor Confidence for July will be released. According to The Economist, exit polls indicated that the left-leaning New Popular Front (NFP), […]
Bulls and Bears in Trading: Why Are They Called So?
Bears and bulls are terms commonly used in the stock market to describe investors who have a positive or negative perspective toward the market. These terms refer to the way investors look at the market. Correctly identifying trends within these categories can determine the success or failure of trades. Hence, it is important to correctly […]
Private payroll growth moderates: 150,000 in June
U.S. private payroll growth moderated during the month of June, according to an ADP report released Wednesday, which appears to be a sign of a possible slowdown in the U.S. labor market. Businesses added 150,000 jobs during the month of June, down from an upwardly revised 157,000 in May and below the Dow Jones consensus […]
Bitcoin Price Today: Drops to $60,000 on Fears of Mt Gox Dumping
The price of bitcoin fell on Wednesday, adding to losses seen earlier in the week as traders continued their aversion to the token on concerns that the defunct Mt Gox exchange will generate a massive sell-off in the token. Sentiment towards the broader cryptocurrency markets continues to be gloomy amid an uncertain outlook for U.S. […]
U.S. stock prices rise on Fed outlook and jobs data
U.S. stock index futures rose on Wednesday on volumes affected by the holiday and helped by dovish comments made by Federal Reserve Chairman Jerome Powell. Wall Street’s major indexes had a quiet and subdued day on Wednesday due to Thursday’s Independence Day holiday, coming off significant gains on Tuesday after Powell indicated some progress on […]