U.S. stock index futures rose on Monday as Wall Street reacted positively to softer inflation data at the beginning of a holiday-shortened week. In Monday’s trading, Dow Jones futures were up 5 points, or 0.1%, S&P 500 futures were up 10 points, or 0.2%, and Nasdaq 100 futures gained about 60 points, or 0.3%. Trading […]
Dollar Rebounds After Heavy Loss, Euro Retreats on Lagarde’s Comments
The U.S. dollar rose on Monday, recovering from significant losses at the end of last week due to signs of cooling inflationary pressures. Meanwhile, the euro declined following cautious comments by ECB President Christine Lagarde. The dollar index, which tracks the U.S. currency against a basket of six other currencies, traded 0.4% higher at 107.750, […]
Daily Technical Analysis EUR/USD: Rises to Near 1.0450 on Increased Prospects That the Fed Will Leave Rates Steady in January
The EUR/USD pair is trading near 1.0430 on Monday, holding flat after Friday’s gains. The pair’s rise is attributed to a weakening U.S. dollar following the release of the U.S. Personal Consumption Expenditure (PCE) Price Index data. The November inflation report revealed that year-on-year core PCE inflation, the Federal Reserve’s preferred measure of inflation, rose […]
OnEquity Updates Trading Hours for the Holiday Season
As the holiday season approaches, OnEquity, a leading name in multi-asset trading, wishes to extend warm greetings to its global community of traders and investors. In observance of Christmas and New Year’s celebrations, OnEquity announces adjusted trading hours to accommodate the festive schedule while ensuring seamless service to all clients. We encourage traders to review […]
Understanding the DXY Index: A Key to Forex and Global Market Insights
In this article, we take a comprehensive look at the U.S. Dollar Index (DXY), a pivotal indicator for tracking the performance of the U.S. dollar in the global financial landscape. Often referred to as the USDX or simply the Dollar Index, this metric serves as a vital benchmark for traders, investors, and policymakers alike, offering […]
Ohio, U.S., Joins Jurisdictions Considering Incorporating Bitcoin into Its Reserve
A lawmaker in the Ohio House of Representatives has introduced a bill proposing the creation of a Bitcoin fund within the state treasury, making Ohio the third U.S. state to explore such an initiative. Ohio Enters the Bitcoin Debate In Ohio, Representative Derek Merrin introduced House Bill 703, also known as the “Ohio Bitcoin Reserve […]
Today’s Stocks to Watch: Honda, Nissan, and Heico
Key Points To Watch Out For: Honda (HMC) and Nissan (NSANY): Merger Rumors Shake the Market Honda Motor shares fell by 3% in Tokyo, while Nissan Motor shares surged by an extraordinary 24%, triggering a suspension of their trading. This volatility stems from the announcement that the two Japanese automakers are considering an eventual strategic […]
U.S. Stock Markets Rally in Light of Fed Rate Cut
U.S. stock index futures rose on Wednesday, showing signs of recovery from the previous day’s decline on Wall Street, as investors eagerly anticipated the Federal Reserve’s long-awaited rate cut. Markets have almost fully priced in a 25 basis point reduction at the conclusion of the Fed’s meeting on Wednesday. Attention will now shift to signals […]
Daily Technical Analysis EUR/USD: Pair Plunges and Falls Behind 1.05
The euro’s upward momentum dissipated on Tuesday, pushing the EUR/USD pair below the 1.0500 level as traders prepared for the final Federal Reserve meeting of 2024. European data releases remain sparse this week, leaving Fiber traders navigating key U.S. economic data as their primary focus. Euro markets largely overlooked the multiple appearances by European Central […]
Today’s stocks to watch: Coinbase and Super Micro Computer
Key Points To Watch Out For: Coinbase (COIN): Shares Linked to Bitcoin’s Rise Shares of Coinbase (COIN), Marathon Digital Holdings (MARA), and MicroStrategy (MSTR) rose in premarket trading, reflecting the upward trajectory of Bitcoin prices, which have surpassed $107,000. This increase is attributed to optimism surrounding the president-elect’s proposed agenda. SoftBank Group: Announcement of a […]