The U.S. dollar continued to decline on Wednesday, weighed down by uncertainty surrounding President Donald Trump’s proposed tax and spending bill. Meanwhile, the British pound gained ground following stronger-than-expected inflation data. As of 04:30 ET (08:30 GMT), the U.S. Dollar Index—which measures the greenback against a basket of six major currencies—dropped 0.4% to 99.595, extending […]
Daily Technical Analysis EUR/USD: Rises Ahead of Weak Dollar, with Key Technical Barriers Still in Place
EUR/USD gained for a second consecutive session on Tuesday, lifting the pair closer to the 1.1300 mark. While bullish momentum has returned in the near term, the euro remains well below the multi-year highs near 1.1575. Strong support from key moving averages has provided a technical floor, and market sentiment remains cautiously optimistic that traders […]
SEC Delays Decision on Solana and Other Crypto-Based ETF Proposals
The U.S. Securities and Exchange Commission (SEC) has extended the deadline for deciding on several proposed exchange-traded funds (ETFs) tied to Solana and other cryptocurrencies, according to regulatory filings released Monday. The proposals under review come from 21Shares, Bitwise, VanEck, and Canary Capital. Additional Review Time Cited by the SEC In its statement, the SEC […]
Today’s Stocks to Watch: Pfizer, Home Depot, and UNH
Key Points To Watch Out For: CATL (CN:300750): Hong Kong Debut Boosts Battery Leader CATL shares rose 17% after listing on the Hong Kong stock exchange, marking the largest IPO of the year worldwide. The surge reflects positive anticipation surrounding the international expansion of the electric vehicle manufacturer. CATL supplies companies such as Tesla and […]
U.S. Stock Futures Decline Following Gains; Home Depot Earnings in Spotlight
U.S. stock index futures dipped slightly Tuesday following recent gains, as investors awaited key earnings reports from the retail sector. As of 05:50 ET (09:50 GMT), Dow Jones Futures were down 90 points, or 0.2%. S&P 500 Futures fell 21 points, or 0.4%, while Nasdaq 100 Futures declined 100 points, or 0.5%. Wall Street’s main […]
Dollar Drops Again After the Tax Vote, the Euro Rises Because of Peace Talks in Ukraine
The U.S. dollar edged lower on Tuesday as markets focused on a pivotal tax bill vote, while the euro strengthened amid rising hopes for peace talks between Ukraine and Russia. As of 04:30 ET (08:30 GMT), the U.S. Dollar Index — which measures the greenback against a basket of six major currencies — dropped 0.3% […]
Outlook for the Week of May 19 – 23
The week of May 19–23 promises to be pivotal for global markets. In the U.S., investors will closely watch PMI data and speeches from key Federal Reserve officials for clues on the future path of interest rates—especially after April’s persistent inflation and the easing of recession fears following a surprising U.S.-China trade truce. Meanwhile, the […]
Texas Bitcoin Reserve Bill Nears Critical Vote Ahead of June Deadline
Senate Bill 21 (SB 21), which would authorize the creation of a state-managed Bitcoin reserve in Texas, is approaching a crucial vote in the Texas House of Representatives. With a June 2 deadline looming, the bill must pass quickly or risk expiration and reintroduction in a future legislative session. According to an update on the […]
Today’s Stocks to Watch: Walmart, Nvidia, and Tesla
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 […]