US stock indices are barely higher on Monday, with sentiment somewhat guardedly optimistic as more signals about interest rates and earnings are expected this week. More signals from the Fed and PMI data are expected this week This week, the focus will be on further signals from the Federal Reserve about the future of interest rates, as […]
Daily technical analysis EUR/USD: The euro is expected to strengthen
Elsewhere in Europe, Eurozone PMI data, along with specific figures from Germany and France, will be released early. These are expected to show further growth in the services sector and a slight contraction in manufacturing. Additionally, consumer confidence in Europe is expected to improve significantly, reaching its highest level since February 2022. On the other […]
Ahead of the FOMC minutes and Fed speeches, the dollar remains steady
On Monday, the US dollar started the week steady, amid anticipation of upcoming changes to US interest rates. Dollar steady in anticipation of Fed minutes and new speakers Last week, the slowdown in US inflation influenced the dollar by increasing the likelihood of a Federal Reserve interest rate cut this year. However, the dollar recovered somewhat after […]
U.S. stocks rise slightly; await Walmart results
U.S. stock indices rose on Thursday, extending their gains after signs of a slight decline in consumer inflation pushed Wall Street to record highs on hopes of interest rate cuts. The S&P 500 rose 1.2%, the NASDAQ Composite 1.4%, and the Dow Jones Industrial Average 0.9%, bringing all three indices to all-time highs by the […]
Dollar steady after CPI slump; EUR loses some of its gains
The US dollar is steady on Thursday after hitting multi-week lows in the wake of a weak US inflation report, which again put the focus back on the Fed’s rate cuts. Dollar on downtrend after key inflation data The dollar continued to slide after the latest US inflation data prompted expectations that the Federal Reserve would likely make two interest rate cuts this year, […]
El Salvador mines 474 Bitcoin thanks to volcanic geothermal power
El Salvador currently holds 5,750 BTC, valued at approximately USD 354 million, accumulated over nearly three years. Since 2021, El Salvador has mined a total of 474 Bitcoin, valued at USD 29 million, using environmentally friendly volcanic geothermal energy. Bitcoin was mined using energy from the Tecapa volcano, employing about 300 mining processors. According to Reuters, […]
Daily technical analysis EUR/USD: Ahead of decisive U.S. data
The EUR/USD is trading near its highest level in over a month, ahead of the release of crucial US inflation data that is expected to significantly impact the Fed’s monetary policy outlook. As currency markets await key data from the world’s leading economy, which will impact the dollar and overall market sentiment, earlier strong wage […]
Stock indices remain unchanged ahead of CPI report
US stock index futures traded flat on Wednesday, in anticipation of the monthly Consumer Price Index, which could shed more light on the future of the Federal Reserve’s monetary policy. On Tuesday, Wall Street’s major indices saw gains: the S&P 500 rose about 0.5%, the Dow Jones Industrial Average increased by 0.3%, and the NASDAQ […]
Biden orders removal of Chinese cryptocurrency near missile base
President Joe Biden said that entities owned by Chinese nationals ‘could take actions that threaten the national security of the United States. US President Joe Biden has signed an order barring a cryptocurrency mining company with ties to China from continuing to use land near a Wyoming nuclear missile defense base. Issued by the White […]
U.S. stocks fall after PPI release
US stocks traded flat on Tuesday as investors remained cautious ahead of the release of key inflation-related data that could determine the Federal Reserve’s monetary policy outlook. This lull in US futures trading continued a similar session on Wall Street, as investors awaited more clues about interest rates from inflation readings due both Tuesday and Wednesday. The S&P 500 closed flat, the Dow […]