Key Points To Watch Out For: Super Micro Computer (SMCI): Uncertainty delays orders and hits forecasts Super Micro fell in premarket trading after cutting its full-year sales projection. The company, key in the development of servers for artificial intelligence applications, cited economic uncertainty as the reason for its customers deferring orders. The news is particularly […]
U.S. Stock Futures Climb on Trade Negotiations With China, Fed Interest Rate Decision Upcoming
U.S. stock index futures climbed early Wednesday as optimism grew over the resumption of trade negotiations between the U.S. and China. However, gains remained modest as investors exercised caution ahead of the Federal Reserve’s policy decision later in the day. As of 05:35 ET (09:35 GMT), Dow Jones Futures were up 200 points, or 0.5%, […]
Dollar Rises Slightly Before the Fed’s Decision, The Euro Remains Resistant
The U.S. dollar edged higher on Wednesday, trading within narrow ranges as markets awaited the outcome of the Federal Reserve’s latest policy meeting and digested news of renewed trade negotiations between the U.S. and China. At 04:45 ET (08:45 GMT), the U.S. Dollar Index, which tracks the greenback against a basket of six major currencies, […]
Daily Technical Analysis: EUR/USD Continues to Drift in Anticipation of Key Fed Meeting
The EUR/USD pair traded sideways on Tuesday, establishing a near-term consolidation range around the key 1.1300 level as market participants await a fresh catalyst. Investor focus remains firmly fixed on the Federal Reserve’s upcoming interest rate decision, which is widely expected to shape market direction for the remainder of the week. The Fed’s policy announcement […]
Today’s Stocks to Watch: GM, Porsche, and BP
Key Points To Watch Out For: Palantir Technologies (PLTR): High Forecast Fails to Convince the Market Palantir adjusted its annual forecast upward, driven by growing demand for its artificial intelligence products. However, its shares fell in premarket trading, likely due to profit-taking after a rise of more than 400% over the past year. The response […]
U.S. Stock Futures Down Before the Fed Meeting, Ford Drops
U.S. stock futures edged lower early Tuesday as investors digested a new wave of corporate earnings and braced for the start of the Federal Reserve’s latest policy meeting. As of 05:50 ET (09:50 GMT), Dow Jones futures were down 280 points, or 0.7%, while S&P 500 futures slipped 45 points, or 0.8%. Nasdaq 100 futures […]
Dollar Pulls Back Ahead of Fed Meeting, Traders Cautiously Watch for Clues
The U.S. dollar edged lower on Tuesday, with investors growing increasingly cautious about holding U.S. assets amid ongoing concerns over economic growth and the volatility surrounding President Donald Trump’s trade policies. As of 04:30 ET (08:30 GMT), the U.S. Dollar Index (DXY)—which measures the greenback against a basket of six major currencies—was down 0.2% at […]
Outlook for the Week of May 05 – 09
Global markets face a tense week as a wave of U.S. data—including GDP, PCE inflation, and nonfarm payrolls—coincides with growing recession fears and ongoing trade tensions, especially with China. While the Fed is expected to hold rates steady, markets will parse Powell’s tone for clues on future cuts. Abroad, the Bank of England may deliver […]
Ripple Pledges $25 Million to Strengthen U.S. Classrooms and Empower Educators
Ripple has announced a $25 million commitment to support teachers and classrooms across the United States, aiming to close persistent gaps in educational resources. The initiative, unveiled on Monday, will deliver funding through Ripple USD (RLUSD), the company’s U.S. dollar-pegged stablecoin. The effort is part of Ripple’s broader mission to promote financial and educational equity […]
Dollar Falls Amid Rumors of a Possible Appreciation of the Taiwanese Currency
The Taiwan dollar soared to its strongest level in nearly three years on Monday, continuing a multi-day rally, as the U.S. dollar slid across the board. By 08:10 ET (12:10 GMT), the greenback had fallen 5.1% against the Taiwan dollar, trading at 29.162. At the same time, the U.S. dollar index, which measures the greenback […]