Key Points To Watch Out For: Walmart (WMT): Political Pressure Hits Retail Giant Walmart shares fell in premarket trading after President Trump criticized the company for blaming tariffs for recent price increases. In a statement on Saturday, Trump called on the retailer to “absorb the cost” of tariffs instead of passing it on to consumers. […]
U.S. Stock Futures Fall After Moody’s Downgrade, Nvidia in the Spotlight
U.S. stock index futures fell sharply on Monday after credit rating agency Moody’s downgraded the U.S. government’s long-held top-tier rating, sparking renewed concerns over economic growth and ballooning debt levels. As of 05:15 ET (09:15 GMT), Dow Jones Futures were down 385 points (0.9%), S&P 500 Futures dropped 76 points (1.3%), and Nasdaq 100 Futures […]
Dollar Plummets After Moody’s Downgrade; Euro and Pound Sterling Rise
The U.S. dollar tumbled on Monday following a surprise downgrade of the country’s sovereign credit rating by Moody’s, just days before a critical vote on President Donald Trump’s tax reform bill. As of 04:20 ET (08:20 GMT), the U.S. Dollar Index — which tracks the greenback against six major currencies — had fallen 0.7% to […]
Daily Technical Analysis EUR/USD: Rises Toward 1.1200, Rebounds on Weaker U.S. Dollar Amid Fiscal Concerns
EUR/USD rebounded from previous session losses on Monday, trading near 1.1190 as the U.S. dollar came under pressure following Moody’s downgrade of the U.S. credit rating from Aaa to Aa1. The agency cited growing fiscal concerns, including ballooning debt and increasing interest payment burdens. This downgrade follows earlier moves by Fitch (2023) and Standard & […]
Trading Patterns: The Visual Key to Strategic Decision Making
In the sector of trading, understanding price behavior is essential for making informed decisions. One of the tools most commonly used by traders is pattern identification, which allows them to anticipate possible market movements. These patterns are graphical formations that repeat themselves in asset prices, and their correct interpretation can mean the difference between a […]
SEC Delays Solana, Litecoin ETFs; Reviews Dogecoin and BlackRock Proposals
The U.S. Securities and Exchange Commission (SEC) has delayed its decisions on Grayscale’s proposed Solana and Litecoin exchange-traded funds (ETFs), while opening public comment periods for two high-profile applications: BlackRock’s Bitcoin ETF redemption model and 21Shares’ Dogecoin ETF. Grayscale Solana and Litecoin ETFs Face Delays The SEC extended its review of the Grayscale Solana Trust, […]
Today’s Stocks to Watch: Coinbase, Boeing, and Hertz
Key Points To Watch Out For: Super Micro Computer (SMCI): Recommendation Boosts AI-Related Stock Super Micro shares rose nearly 9% in premarket trading, extending their rally after Tuesday’s tech-led rebound. An additional boost came from Raymond James, which upgraded the company to “outperform,” highlighting its leading position in the supply of servers for artificial intelligence […]
U.S. Stock Futures Steady, Trade Sentiment Remains Positive
U.S. stock futures were little changed early Wednesday as investors took a breather following a strong start to the week, driven by renewed optimism surrounding the U.S.-China trade deal. As of 07:00 ET (11:00 GMT), Dow Jones Futures edged up 10 points (0.1%), S&P 500 Futures rose 3 points (0.1%), and Nasdaq 100 Futures gained […]
Dollar Falls After a Big Drop, the Euro Regains Ground
The U.S. dollar extended its losses on Wednesday following a sharp drop in the previous session, as cooler-than-expected inflation data reinforced expectations for rate cuts from the Federal Reserve. At 04:00 ET (08:00 GMT), the U.S. Dollar Index—which tracks the greenback against six major currencies—fell 0.3% to 100.560, adding to Tuesday’s 0.8% decline. Dollar Retreats […]
Daily Technical Analysis EUR/USD: Rallies on Wednesday as the U.S. Dollar Continues to Weaken
EUR/USD climbed on Wednesday, recovering most of its early-week losses as the pair moved closer to the 1.1200 mark. The rebound was driven more by broad-based U.S. dollar softness than by any strong bullish sentiment specific to the euro. Muted Market Reaction to U.S. CPI Data Tuesday’s release of U.S. Consumer Price Index (CPI) inflation data prompted a relatively muted reaction […]