The EUR/USD currency pair declined sharply by more than 0.60%, currently trading at 1.1484 after retreating from daily highs of 1.1579. The US Dollar’s strength stems from its appeal as a safe-haven asset during periods of geopolitical uncertainty, particularly as tensions in the Middle East between Israel and Iran continue to escalate. Market Drivers The […]
Thailand Approves Crypto Tax Exemption to Boost Innovation and Investment
Thailand’s cabinet has approved new tax measures that exempt personal income tax on capital gains from the sale of digital assets conducted through platforms regulated by the Securities and Exchange Commission (SEC). The exemption will be in effect from January 1, 2025, through December 31, 2030. Announced by Deputy Finance Minister Chulaphan Amornvivat on X, […]
Today’s Stocks to Watch: SunRun, Microsoft, and T-Mobile
Key Points To Watch Out For: SunRun (RUN): Slumps After Solar Incentives Eliminated SunRun shares plunged 25% in premarket trading after the Republican-controlled Senate upheld the complete elimination of tax credits for solar and wind energy in President Trump’s budget bill. Enphase Energy and First Solar also posted sharp declines, reflecting the broader negative impact […]
U.S. Stock Futures Drop on Middle East Concerns; Fed Meeting and Retail Sales Data on the Horizon
U.S. stock index futures declined early Tuesday amid renewed concerns over the escalating Israel-Iran conflict, just ahead of key U.S. economic data and the start of the Federal Reserve’s two-day policy meeting. As of 05:15 ET (09:15 GMT), Dow Jones futures were down 270 points (-0.6%), S&P 500 futures fell 36 points (-0.6%), and Nasdaq […]
Dollar Rises Modestly in Advance of Fed Meeting, Bank of Japan Keeps Monetary Policy Intact
The U.S. dollar edged higher early Tuesday as fragile risk sentiment continued to dominate markets amid sustained tensions between Israel and Iran. However, gains remained limited ahead of the Federal Reserve’s highly anticipated policy decision. As of 04:10 ET (08:10 GMT), the U.S. Dollar Index—tracking the greenback against a basket of six major currencies—was up […]
Outlook for the Week of June 16–20
The week of June 16–20 could be pivotal for global markets as central banks take center stage. In the U.S., the Federal Reserve is expected to hold rates steady, but all eyes will be on Powell’s tone and the updated dot plot for clues on future cuts. In Europe, the Bank of England may strike […]
Charles Hoskinson Proposes Converting $100M in ADA to Bitcoin and Stablecoins to Boost Cardano DeFi
Charles Hoskinson, co-founder of Cardano, has proposed converting $100 million worth of ADA from the project’s treasury into a mix of stablecoins and Bitcoin to enhance liquidity and accelerate the growth of Cardano’s decentralized finance (DeFi) ecosystem. In a recent YouTube livestream, Hoskinson highlighted the network’s current imbalance between stablecoin supply and total value locked […]
Today’s Stocks to Watch: U.S. Steel, Roche, and Kering
Key Points To Watch Out For: Victoria’s Secret (VSCO): Activist Pressure Boosts Value Victoria’s Secret shares rose 2.5% in early trading after news that an activist investor had taken a meaningful stake in the company. The investor is reportedly pushing for changes to the board of directors and wants to redirect strategic focus back to […]
U.S. Stock Futures Rally Over Tensions Between Israel and Iran; Fed Meeting on the Horizon
U.S. stock index futures rose modestly on Monday, attempting to recover some of last week’s sharp losses as investors brace for the Federal Reserve’s interest rate decision later this week. At 05:25 ET (09:25 GMT), Dow Jones futures gained 145 points (0.4%), S&P 500 futures rose 27 points (0.5%), and Nasdaq 100 futures climbed 113 […]
Dollar Falls Before the Fed Meeting; the Euro Gains Momentum
The U.S. dollar edged lower on Monday as investors monitored developments in the Israel-Iran conflict and looked ahead to a packed week of central bank meetings, including the Federal Reserve’s highly anticipated decision. As of 04:15 ET (08:15 GMT), the U.S. Dollar Index—measuring the greenback against a basket of six major currencies—was down 0.2% at […]