Arizona Governor Katie Hobbs on Monday vetoed two cryptocurrency-related bills—SB1373 and SB1024—while signing into law a separate measure regulating Bitcoin ATMs across the state. Vetoed: Crypto Reserve Fund and Payments Bill Arizona Governor Katie Hobbs on Monday vetoed two cryptocurrency-related bills—SB1373 and SB1024—while signing into law a separate measure that regulates Bitcoin ATMs throughout the […]
Today’s Stocks to Watch: Coinbase, Boeing, and Hertz
Key Points To Watch Out For: Coinbase (COIN): Entry into the S&P 500 Sends Shares Soaring Coinbase jumped 10% in premarket trading after S&P Dow Jones Indices announced it would add the company to the S&P 500 on May 19. The announcement marks a major validation for the cryptocurrency exchange and could attract more institutional […]
U.S. Stock Futures Retreat from Gains Amid Uncertainty Over CPI Report
U.S. stock index futures edged lower on Tuesday, easing after Monday’s sharp gains driven by news of a U.S.-China trade agreement, as investors turned their focus to upcoming inflation data. As of 05:40 ET (09:40 GMT), Dow Jones Futures were down 62 points (0.2%), S&P 500 Futures fell 18 points (0.3%), and Nasdaq 100 Futures […]
Dollar Falls Slightly from Highs as Markets Eye U.S. CPI Report
The U.S. dollar edged lower on Tuesday but remained close to recent highs, buoyed by ongoing optimism following a trade agreement between the U.S. and China. As of 04:30 ET (08:30 GMT), the U.S. Dollar Index — which measures the greenback against a basket of six major currencies — dipped 0.2% to 101.410, after surging […]
Outlook for the Week of May 12 – 16
The week of May 12–16 is shaping up to be decisive for global markets, with key U.S. data—including inflation, GDP, and nonfarm payrolls—that could redefine expectations for rate cuts by the Federal Reserve. Internationally, possible moves by the Bank of England and the Bank of Japan are expected, while employment and inflation figures in Europe, […]
Cardano Unveils Leios: A Groundbreaking Upgrade That Could Outpace Solana and Ethereum
Cardano has introduced Leios, a transformative protocol upgrade that marks the culmination of eight years of research and aims to dramatically enhance network speed and stability. This next-generation architecture features a sophisticated multi-tier block structure—comprising input, sorting, and backup blocks—that could position Cardano as a leader in blockchain performance. Initial simulations suggest Leios may be […]
Wall Street Futures Rise Sharply After U.S.-China Trade Agreement
U.S. stock futures surged early Monday after the White House confirmed a trade agreement with China, with both countries agreeing to ease tariffs. As of 06:30 ET (10:30 GMT), Dow Jones futures were up 975 points (2.4%), S&P 500 futures rose 170 points (3%), and Nasdaq 100 futures gained 785 points (3.9%). The rally follows […]
Dollar Soars After U.S.-China Trade Agreement
The U.S. dollar surged on Monday after the White House announced a breakthrough trade agreement with China over the weekend, reviving optimism that the world’s largest economy could sidestep a prolonged and damaging trade war. As of 03:30 ET (08:30 GMT), the U.S. Dollar Index—measuring the greenback against six major currencies—jumped 1.3% to 101.455, its […]
Why Are Swap Charges Higher on Wednesdays and Fridays?
Certain trading instruments incur higher swap rates midweek due to value date adjustments caused by weekends and market settlement practices. In the foreign exchange market, transactions typically follow a T+2 settlement cycle, meaning they are settled two business days after the trade execution. For instance, positions opened and held past Monday roll over to Tuesday, […]
Daily technical analysis EUR/USD: Pair Trades Below 1.1250 as Conciliatory Signals from the ECB Weigh on the Euro
EUR/USD is edging lower in Monday’s Asian session, slipping to around 1.1240 after gains in the previous trading day. The Euro (EUR) is under pressure following comments from European Central Bank (ECB) policymaker Olli Rehn, who suggested the ECB may consider cutting interest rates at its next meeting—provided upcoming projections confirm a sustained disinflationary trend […]