The Arizona House of Representatives passed Bill HB2324 on Tuesday, advancing legislation aimed at creating a state-managed reserve of Bitcoin and other digital assets obtained through criminal forfeiture. The bill, which was revived earlier this month, cleared the state Senate last Friday and now heads to Governor Katie Hobbs for approval. HB2324 proposes expanding Arizona’s […]
Today’s Stocks to Watch: Amazon, Circle, and Boeing
Key Points To Watch Out For: Tesla (TSLA): Sales Fall More Than 40% in the European Union Tesla reported a drop of over 40% in new registrations in May, indicating a continued contraction in regional demand across the EU. FedEx (FDX): Slumps on Lower Demand for Shipments from China FedEx fell more than 5% in […]
U.S. Stock Futures Up Slightly; Ceasefire Between Israel and Iran and Powell’s Speech in Focus
U.S. stock futures ticked slightly higher early Wednesday as investors monitored a tentative ceasefire between Israel and Iran and awaited further comments from Federal Reserve Chair Jerome Powell. As of 05:15 ET (09:15 GMT), Dow Jones futures were up 20 points (0.1%), S&P 500 futures rose 4 points (0.1%), and Nasdaq 100 futures gained 25 […]
Dollar Battles to Regain Balance, Powell Prepares to Intervene Further
The U.S. dollar edged higher on Wednesday, though it remained near multi-week lows as easing tensions between Israel and Iran prompted investors to move away from safe-haven assets. As of 04:20 ET (08:20 GMT), the U.S. Dollar Index —which tracks the greenback against a basket of six major currencies—was up 0.2% at 97.665. Focus Shifts […]
Daily Technical Analysis EUR/USD: Continues to Rally Above 1.1600 Amid Breakdown of Truce and Decline in U.S. Dollar
The EUR/USD pair extended its winning streak for a fourth consecutive session, rising 0.39% to trade at 1.1619—just below the yearly high of 1.1641. The advance was driven by broad U.S. dollar weakness, spurred by easing geopolitical tensions after Israel and Iran agreed to a ceasefire. This improvement in global risk sentiment weighed on the […]
Today’s Stocks to Watch: Amazon, Circle, and Boeing
Key Points To Watch Out For: Occidental Petroleum (OXY), Exxon Mobil (XOM), APA (APA): Fall After Truce in the Middle East Energy stocks declined in premarket trading after Israel confirmed a ceasefire with Iran, easing pressure on oil prices. Occidental Petroleum and APA led the losses, each falling nearly 2%. The drop in oil prices […]
U.S. Stock Futures Rise on Hopes for a Ceasefire Between Israel and Iran, Powell in the Hot Seat
U.S. stock futures advanced early Tuesday as investor sentiment improved following President Donald Trump’s announcement of a ceasefire between Israel and Iran. By 06:33 ET (10:33 GMT), Dow Jones futures were up 294 points (0.7%), S&P 500 futures gained 49 points (0.8%), and Nasdaq 100 futures rose 225 points (1.0%). Major indexes had already ended […]
Dollar Retreats Amid Optimism Over Ceasefire, Pound Sterling Soars
The US dollar weakened on Tuesday after President Donald Trump announced a ceasefire between Israel and Iran, triggering a wave of risk appetite that weighed on the safe-haven currency. At 03:00 ET (08:00 GMT), the U.S. Dollar Index fell 0.3% to 97.752, although it remained on track for a weekly gain. Trump declared that the […]
Outlook for the Week of June 23 – 27
The week of June 23–27 could prove pivotal for global markets, as investors navigate a mix of economic uncertainty and rising geopolitical tensions. In the U.S., attention will center on core PCE and consumer spending data, alongside Fed Chair Powell’s testimony—all under the shadow of tariff impacts and slowing consumption. Europe awaits June PMIs and […]
Today’s Stocks to Watch: Amazon, Circle, and Boeing
Key Points To Watch Out For: Exxon (XOM), Chevron (CVX), BP (BP), Occidental Petroleum (OXY): Rebound After Attack in Iran Energy stocks rose modestly in premarket trading after the United States attacked nuclear facilities in Iran over the weekend. The event elevated tensions in the Middle East and raised alarms about a possible blockade of […]