The U.S. dollar retreated on Monday amid political uncertainty ahead of Tuesday’s presidential election and also amid expectations that the Federal Reserve will cut interest rates this week. The dollar index, which analyzes the greenback against a basket of six other currencies, fell 0.5% to 103.695, after strong gains in October. Dollar slips ahead of […]
Daily Technical Analysis EUR/USD: The Pair Rises Ahead of U.S. Elections
The EUR/USD recovered some losses from the previous session, trading near 1.0880 in early Asian trading on Monday. This rise may be due to a softer U.S. dollar following weaker-than-expected October Non-Farm Payrolls data. However, uncertainty surrounding the U.S. presidential election could drive safe-haven demand, limiting the pair’s upside potential. On Friday, U.S. Bureau of […]
Stock Market Indexes Explained: The Key Indicators of Economic Health
Stock indexes are financial indicators that allow analysis of the economic situation of a specific country, set of securities, or industry. In this article, we will discuss what they are, how they operate, and the major indexes worldwide. For example, in Spain, it is the Ibex-35; in Germany, it is the DAX; and in France, […]
Tether Strengthens Reserves with Bitcoin, Gold, and Treasury Bonds for Added Stability
Tether’s CEO, Paolo Ardoino, recently updated the public on the company’s Bitcoin and other asset reserves via the platform X. Ardoino stated that Tether holds over 82,000 Bitcoin (BTC), valued at approximately $5.8 billion based on the current Bitcoin price of $72,433. Tether’s Reserves: Bitcoin, U.S. Treasury Bonds, and Gold Besides its substantial Bitcoin holdings, […]
Today’s Stocks to Watch: Alphabet, Reddit, and Snap
Key points: Alphabet Gains from AI Expansion (GOOGL) Alphabet, Google’s parent company, reported a 15% revenue growth last quarter, with AI fueling substantial growth in its cloud computing segment. Shares rose by over 6% in pre-market trading. AMD Declines on Lower Revenue Outlook (AMD) Advanced Micro Devices saw its shares drop by 8% in pre-market […]
U.S. Stock Markets Rise, Alphabet Rallies on Positive Results
U.S. stock and index markets rose on Wednesday, buoyed by Alphabet’s gains after the tech giant reported better-than-expected earnings, setting a positive tone for upcoming tech sector earnings. On Tuesday, Wall Street indexes closed with mixed results as investors flocked to tech stocks, while most other sectors lagged. The Nasdaq Composite Index rose by 0.8%, […]
Dollar Slows Gains on Jobs Data, Euro Gains on German GDP
The U.S. dollar eased from recent highs on Wednesday, pausing its rally as markets awaited key macroeconomic data that could impact expectations for Federal Reserve rate cuts. Dollar Eases Amid Labor Market Data The dollar has strengthened recently, bolstered by signs of economic resilience that have led traders to reconsider the pace of Federal Reserve […]
Daily technical analysis EUR/USD: Slight Rise Above 1.0800 Ahead of U.S. & Eurozone GDP, German Inflation Data
The EUR/USD pair’s gains remain limited, with uncertainty prevailing ahead of the U.S. presidential election and critical economic data from the U.S. A potential Trump victory is seen as a possible dollar-strengthening factor, with the market currently pricing in a 60% probability for a Republican win, which could ease downward pressure on the EUR/USD in […]
Canadians Reluctant to Adopt Digital Dollar, Says Bank of Canada
Research by the Bank of Canada has shown mixed views on the adoption of a Canadian digital dollar. Canadian consumers expressed skepticism about early adoption of a central bank digital currency (CBDC) introduced by the Bank of Canada. A research paper released by the Bank on October 28 highlighted Canadians’ long-standing preference for traditional payment […]
Today’s Stocks to Watch: PayPal, Ford, and Pfizer
Key points: PayPal (PYPL) Drops After Disappointing Results PayPal’s quarterly revenue slightly missed expectations, with lower-than-anticipated forecasts weighing on the stock. Shares were down more than 5% in premarket trading. Pfizer (PFE) Rises on Strong Earnings Pfizer shares rose 2% premarket after quarterly earnings and sales beat estimates. The company also raised its annual forecast, […]