U.S. stocks declined on Tuesday, losing ground from record levels ahead of a speech by Federal Reserve Chairman Jerome Powell. Wall Street’s major indices closed Monday’s trading day higher, with the S&P 500 gaining 0.3% and the Dow Jones Industrial Average rising 0.1%, while the NASDAQ Composite rose 0.8% to close at record levels, supported […]
Dollar rises on Trump expectations; euro falls in light of inflation data
The U.S. dollar was moving in early European trading on Tuesday, showing signs of recovering from recent losses, while the euro was losing ground ahead of the release of key inflation data. Dollar gets Trump’s backing; Powell ready to speak out The dollar index has risen as estimates of a second Donald Trump presidency have […]
Outlook for This Week’s Most Important Economic Events
Key points to watch out for: Macron’s move may turn out to be a shot in the dark Political risks again weighed on the euro during June, as a resurgence in popularity of far-right political parties caused jitters in financial markets. France has been at the center of this resurgence, where the party led by […]
SEC postpones Ethereum ETF launches to July
The launch of Ethereum (ETH) exchange-traded funds (ETFs) in the United States, originally scheduled for July 2, has been delayed by the U.S. Securities and Exchange Commission (SEC). According to Bloomberg ETF analysts Eric Balchunas and James Seyffart, the SEC has given itself more time to return S-1 forms filed by Ether ETF issuers, postponing […]
U.S. stocks rise; payrolls release is crucial
U.S. stocks rose on Monday, as investors awaited further clues about interest rates from a series of Federal Reserve officials and crucial market readings during this holiday-shortened week. The major indices are poised to start a new week with gains, recovering from Friday’s losses but continuing the positive tone seen last quarter as the second […]
Dollar awaits payrolls; euro rises on French poll results
During the first hours of the European session on Monday, the dollar lost value in anticipation of the employment report, while the euro rebounded after the first round of the French elections. Dollar loses ground ahead of payrolls release The dollar index has been affected mainly by the euro’s strength on Monday, as the single […]
Market Highlights for the Week: Inflation and Employment
Next Friday’s U.S. jobs report will mark the climax of a holiday-shortened week as markets try to clear uncertainty over the exact date when interest rate cuts could begin. Comments from Federal Reserve Chairman Jerome Powell will be closely watched, as will the minutes of the U.S. central bank’s last meeting on Wednesday. Also, elections […]
Trading Hours Update: Markets Closed for U.S. Independence Day
Scheduled market closure In observance of U.S Independence Day, we want to inform our traders about the adjusted trading hours for this holiday. U.S Independence Day, observed on July 4th, commemorates the signing of the Declaration of Independence and the birth of the United States of America. Please note that during the holiday, certain markets […]
EUR/USD Pair Rises as Le Pen Leads in First Round
EUR/USD rises near 1.0750 as Le Pen’s National Rally leads the first round. The pair continues its winning streak as the latest inflation data increase the chances of Fed rate cuts this year. Core inflation in the US rose to 2.6% in May, down from 2.8% in April. Meanwhile, the euro received support as Marine […]
Stablecoins: The Bridge Between Traditional Money and Cryptocurrencies?
It has been 15 years since the creation of cryptocurrencies in 2009, and by 2024, cryptocurrencies are well established in the financial markets and familiar to millions of people worldwide. As with any innovation, the cryptocurrency industry is rapidly expanding and evolving. Gone are the days when Bitcoin was the only offering available in the […]