In Wednesday’s currency market, the dollar is trading lower in Europe, though it remains close to its highest levels in over four months, as traders await updates on U.S. interest rates and future economic forecasts This week’s market focus will culminate in the final days with the release of US employment data.. Despite weakening, the dollar may […]
Daily Technical Analysis EUR/USD The downtrend is strengthening
EUR/USD hit the lowest level in a month and a half and reached 1.0730. The EUR/USD is likely to remain in this trend in expectation of a possible reaction that may be generated by the announcement of the US employment figures this week. Breaking the 1.0800 support level could enable bears to push EUR/USD towards […]
Xiaomi stocks rise after launching its first electric car
Xiaomi launched its first electric vehicle, the SU7, which led to a 15% increase in its shares. The vehicle is priced $4,000 less than the Tesla Model 3 and offers a longer range. Demand for the SU7 was immediate and overwhelming, with more than 50,000 orders placed within almost half an hour of launch, resulting in […]
The dollar rallied to a five-month high
The dollar (USD) reached its highest level in five months on Tuesday, as stronger-than-expected economic data caused investors to halt their bets on a rate cut in June, boosting the currency’s value. However, fears of intervention by Japanese authorities halted the dollar’s gains against the yen, even as long-term yields on U.S. Treasuries, which the […]
Tether increases its holdings of Bitcoin
In the dynamic world of cryptocurrencies, Tether has taken an important step to consolidate its position in the market, increasing its holdings of Bitcoin (BTC) to more than $5 billion. This key move, the result of acquisitions and mergers, highlights Tether’s growing influence in the digital asset sector. With a market capitalization of over $70 billion, Tether […]
Outlook for this week’s most important events
Key points to watch out for: The Federal Reserve reinforces its view The March monetary policy meetings reinforced the likelihood of central banks beginning to cut interest rates by June.However, there are still some doubts about whether inflation is on a downward path especially in the United States. Despite the FOMC’s estimate of three rate […]
Tesla worries Wall Street
Tesla In, (TSLA) may be headed for a grim milestone as both demand for electric vehicles and high interest rates affect the company’s sales. According to Wall Street analysts, estimates for this week’s delivery report were quickly revised as the end of the quarter approached. Some on Wall Street are even bracing for Tesla’s first sales decline […]
Nasdaq leads Wall Street
The market begins a week that will be marked by employment. On Monday, the Nasdaq led Wall Street gains following mixed numbers from Thursday. It ended March and, consequently, the first quarter of the year on a high note. This performance enabled the S&P 500 to record its best start to a year since 2019. […]
Daily Technical Analysis: EUR/USD The bearish path continues
EUR/USD technical indicators are likely to move towards oversold saturation levels. At the start of April trading, the EUR/USD is moving below the psychological support level of 1.0800 with losses extending to 1.0767, its lowest level in a five-week span. This behavior is seen after first quarter losses reached 2.3% amid speculation of a possible […]
Daily Technical Analysis: EUR/USD: Dollar continues strong
The euro (EUR) fell sharply against the dollar (USD) last week on growing confidence that the European Central Bank (ECB) will cut interest rates by June, while the market expects the Federal Reserve (Fed) to cut rates only in July. This difference in timing of rate cut expectations could potentially strengthen the dollar until the […]