The EUR/USD fluctuated this Wednesday morning in anticipation of consumer inflation data and the upcoming US Federal Reserve (Fed) minutes. During that time, the EUR/USD was trading at 1.0850, up from this month’s low of 1.0725. Today’s calendar has no important data scheduled from the euro zone. In Europe, the focus is on the possibility that […]
According to Ripple’s CEO, the crypto market will reach $5 trillion this year
Brad Garlinghouse, the CEO of blockchain startup Ripple (XRP), is estimating a massive year for the cryptocurrency market, with the option of a possible doubling of its total market capitalization nearing $5 trillion by the end of this year. Garlinghouse attributed this anticipated rise to several macro factors, including the introduction of the first Bitcoin […]
5 key events on Wall Street today, April 9
Federal Reserve (Fed) policymakers continue to express their stance on possible interest rate cuts in anticipation of the release of key inflation-related data. Taiwan Semiconductor Manufacturing has hit new highs, while HSBC has seen its shares fall after selling its Argentina unit. Here are the five most important issues to watch for this Tuesday, April 9. […]
Outlook for this week’s most important events
Key points to watch out for: European Central Bank meeting The economy in Europe has hit a rough patch over the past year. Growth has been virtually stagnant, held back by Germany, which entered contraction as the slowdown in world trade suppressed export demand and consequently crippled the manufacturing industry. On the positive side, economic […]
U.S. stocks rise though cautious ahead of inflation data release
U.S. stocks are higher on Monday, recovering from last week’s decline, with investors looking ahead to the release of the latest inflation reading as well as the start of earnings season for the first quarter. Wall Street started this week with positive numbers following last Friday’s gains, which exceeded expectations for non-farm payrolls. This recovery […]
Bitcoin nears all-time high two weeks before halving
Days of high volatility and volume are expected for both Bitcoin (BTC) and other cryptocurrencies. Bitcoin has once again surpassed $72,000, a price not seen since mid-March. This suggests a potential mini rally leading up to the halving event on April 20, just two weeks away. The approval of Bitcoin ETFs in the United States […]
Daily Technical Analysis EUR/USD: The downtrend continues
The EUR/USD’s downtrend worsened, and the pair fell to its lowest level since February 15th of this year. According to the economic calendar, the most recent employment report showed that the U.S. economy added nearly 303,000 jobs last month, the largest increase in 10 months and far exceeding market estimates of a 200,000 increase. In addition, […]
5 key events on Wall Street today
All attention is focused on the release of the expected U.S. monthly employment report, looking for clues as to when the Federal Reserve (Fed) will begin cutting interest rates. Apple (AAPL) has reported its first job cuts since pandemic times, while Treasury Secretary Janet Yellen is visiting China. Here are the five most important things to […]
Wall Street is upbeat: hopes for rate cuts boost stocks
U.S. stocks opened higher on Thursday after disappointing weekly jobless claims data raised the possibility of early interest rate cuts by the Federal Reserve (Fed). Fed Chairman Jerome Powell has given few clues related to rate cuts as the non-farm payrolls report approaches. The number of Americans filing for unemployment benefits increased more than the […]
Ethereum triples first quarter earnings
Ethereum posts $1.2 billion in transaction fee earnings during Q1 2024, a 155% increase compared to the same quarter last year. Ethereum (ETH), the largest blockchain network by transaction volume showed significant growth during Q1 2024, showing positive signs in most of its income statement metrics. According to information from Coin98 Analytics, Ethereum tripled its […]