Major U.S. market indexes were trading higher on Tuesday, fueled by continued optimism in anticipation of more corporate earnings and upcoming speeches by the Federal Reserve this week. Wall Street posted back-to-back days of gains on Monday. The S&P 500 was up 1%, the Nasdaq Composite was up 1.2% and the Dow Jones Industrial Average […]
Dollar stable after Employment Drop, Yen loses value again
The U.S. dollar gained value at the start of Tuesday’s trading day in Europe, showing signs of recovery after significant declines over the previous weekend, while the Japanese yen continued to lose ground despite intervention warnings. The dollar is stable after Friday’s fall The dollar stabilized on Tuesday, showing small signs of recovery from last week’s losses after non-farm payrolls data failed to […]
Outlook for This Week’s Most Important Economic Events
Key points to watch out for: Still no interest rate cuts from the Bank of England The UK economy has emerged from the deep recession it faced last year and has finally entered a recovery process. Business surveys indicate solid growth in the first quarter and even stronger momentum for the second quarter, bolstered by a […]
U.S. stocks open higher as Fed rate cuts expected
U.S. stocks rose in early trading Monday, as investors increased bets for a September interest rate cut by the Federal Reserve following a weaker-than-expected April jobs report. Nonfarm payrolls data came in weaker than expected Friday’s weaker-than-expected nonfarm payrolls data could prompt the Federal Reserve to prepare for a rate cut later this year. Although the labor market is showing signs […]
EUR/USD The Pair Extended its Gains
The EUR/USD extended its gains to 1.0812 resistance after weaker than expected U.S. jobs data and settled around 1.0760 at the start of trading this week. According to markets and analysts, there are signs that both the Fed and the ECB are going to take different paths this year. The Fed indicated in its statement last week that the economy remains solid thanks to […]
The dollar stabilized after the employment data
On Monday, the U.S. dollar stabilized after last week’s decline in the wake of weaker-than-expected nonfarm payrolls data, which prompted market participants to look ahead to the timing of possible interest rate cuts by the Federal Reserve this year. Last week, the U.S. dollar fell to a three-week low amid speculation that the Fed might cut rates from multi-decade highs, […]
U.S. stocks rally supported by Apple momentum
Stocks rose on Friday, supported by better-than-expected results from Apple, although sentiment remained mixed ahead of key nonfarm payrolls data. Apple rises on earnings and share buybacks Apple (AAPL) rose 6% in pre-market trading after the company released results that exceeded prior expectations. The drop in revenue and profit was less severe than anticipated, even […]
Dollar Awaits Jobs Report, Yen Poised for Losses
On Friday, the U.S. dollar is barely losing ground, with market activity quiet ahead of the monthly U.S. jobs report. Meanwhile, the yen is on track for its worst weekly loss in almost a year. The dollar awaits the jobs report The dollar has been in a downtrend for most of the week, following comments by Federal […]
Tether reports its best quarterly profit ever
Tether reported a record quarterly profit of USD $4.52 billion for the first quarter of 2024, largely attributable to its investments in Bitcoin and gold. Tether, the stablecoin issuer, generated its highest revenue in history during the first quarter of 2024, while the cryptocurrency market experienced a significant upward trend. In a recently published financial […]
U.S. stock prices rise
On Thursday, stock index futures rose as investors digested Federal Reserve Chairman Jerome Powell’s comments ahead of Apple’s earnings release. Wall Street’s major indexes closed mixed yesterday, with the Dow Jones Industrial Average gaining about 0.2%, while the Nasdaq Composite and the S&P 500 each fell about 0.3%. Powell says next move will be a cut, though […]