The U.S. dollar strengthened on Monday, maintaining the momentum generated by Donald Trump’s return to the presidency. Investors are eyeing key inflation data due for release this week, alongside remarks from several Federal Reserve officials. The dollar index, which measures the greenback’s performance against a basket of six other currencies, rose by approximately 0.3% in […]
Daily Technical Analysis: EUR/USD Stays Tepid Near 1.0700 Amid Rising Dollar and Political Uncertainty
The EUR/USD pair remains under significant pressure, primarily driven by the strengthening U.S. dollar and escalating political uncertainty in Germany. The prospect of Donald Trump’s return to the White House has raised expectations of higher U.S. tariffs and lower corporate taxes, policies that could elevate inflation risks and push the Federal Reserve toward a more […]
Understanding CFDs: A Beginner’s Guide to Contracts for Difference
What exactly are CFDs, and how does CFD trading work? This guide provides a solid understanding of these popular financial instruments, which are favored among investors for offering unique investment opportunities not possible with other financial instruments. CFDs allow exposure to price movements across a wide range of assets, simplifying trade execution and broadening investment […]
Bitcoin Hits New High of $75,000 Following Trump’s Presidential Win
The leading cryptocurrency has reached a new all-time high near $75,000 as Donald Trump was confirmed as the winner of the U.S. presidential election. Trump was elected as the 47th president of the United States, marking a remarkable political comeback for the former president, who previously refused to accept defeat, incited an insurrection at the […]
Today’s Stocks to Watch: Tesla and Coinbase
Key points: Trump Media & Technology (DJT) Surges Trump Media & Technology (DJT) stock saw a sharp rally in pre-market trading, spurred by the announcement of Donald Trump’s re-election. The news boosted confidence in its social media platform. Tesla (TSLA) Rises Tesla rallied 12% ahead of the opening bell. Elon Musk’s company, which openly supported […]
Dow Stocks Rise 1,255 Points on Trump’s White House Win
U.S. stock index futures surged Wednesday following Donald Trump’s election as the 47th President of the United States, as Republicans appeared on course to control both the Senate and the House of Representatives. At the start of trading, Dow Jones futures were up nearly 1,255 points, up 3%, S&P 500 futures were up 133 points, […]
Dollar Soars After Trump Victory, Euro, Pound, and Yen Strongly Retreat
The U.S. dollar surged on Wednesday, where it is poised to score its biggest one-day gain since March 2020, as Donald Trump moved closer to victory for the White House, while a Republican sweep in Congress looked possible. The dollar index, which tracks the greenback against a basket of six other currencies, rose 1.4% to […]
Daily Technical Analysis EUR/USD: Rallies on Greenback Weakness on U.S. Election Day
The EUR/USD pair capitalized on a broad-based decline in the U.S. dollar as markets prepared for the initial results of the U.S. presidential election that began on Tuesday. The euro gained two-thirds of a percentage point, breaking above the 1.0900 level as investors anticipated favorable market conditions during the election cycle that will determine the […]
Cardano and Bitcoin: A Revolution in the Making?
In a recent YouTube “Ask Me Anything” (AMA), Charles Hoskinson, co-founder of Cardano (ADA) and Ethereum (ETH), surprised his audience by discussing a potential revolutionary integration between Cardano and Bitcoin (BTC). During the November 2 event, Hoskinson reflected on the possibility of establishing a “trustless bridge” between the two networks, enabling unprecedented interoperability. Hoskinson noted […]
Today’s Stocks to Watch: Boeing, Trump Media, and Palantir
Key points: Trump Media & Technology Shares Up 10% (DJT) Stock in the parent company of Truth Social was up 10% in recent trading before the market opened. The stock has been volatile for weeks, acting as a proxy for election expectations. Tech Firm Palantir (PLTR) Boosts Sales and Expectations The software company reported strong […]