Key Points To Watch Out For: Cleveland-Cliffs (CLF), United States Steel (X), Nucor (NUE), and Alcoa (AA): Impact of Tariffs Shares in Cleveland-Cliffs, United States Steel, Nucor, and Alcoa rose in the pre-market after the Trump administration introduced tariffs on steel and aluminum. This measure created bullish expectations in the industry, boosting sector values. By […]
US Stock Futures Fall, Consumer Inflation and Powell’s Comments in Focus
Futures for the main US stock indexes fell on Tuesday as investors digested President Donald Trump’s decision to impose tariffs on metal imports, ahead of Federal Reserve Chairman Jerome Powell’s testimony and key inflation data. At 05:15 ET (10:15 GMT), Dow Jones futures were down 90 points (-0.2%), S&P 500 futures were down 18 points […]
Dollar Holds Firm After Trump Tariffs; Sterling Falls
The US dollar stabilized on Tuesday after US President Donald Trump imposed tariffs on metal imports, triggering demand for the safe-haven currency amid concerns over a brewing trade war. The dollar index, which tracks the greenback against a basket of six other currencies, was trading virtually flat at 108.200. Dollar Remains in Demand Donald Trump […]
Outlook for the Week of February 10-14
Key Points to Watch Out For: Trump Stirs Up Markets with His Tariff Measures With the first central bank decisions of 2025 now behind us, this week is expected to be calmer. However, there is still plenty for investors to anticipate, with the all-important US CPI report on the agenda. This does not mean, of […]
Nasdaq seeks approval to list CoinShares ETFs in XRP and Litecoin
Nasdaq has filed Forms 19b-4 with the SEC to list and trade two new CoinShares exchange-traded funds (ETFs): the CoinShares XRP ETF and the CoinShares Litecoin ETF. These products would provide investors with regulated exposure to XRP and Litecoin (LTC), two of the most established crypto assets in the market. CoinShares, one of the leading […]
Today’s Stocks to Watch: Meta, U.S. Steel, and BP
Key Points To Watch Out For: U.S. Steel (X) and Cleveland-Cliffs (CLF): Steel in the Spotlight After New Tariffs Shares of U.S. Steel and Cleveland-Cliffs rose in pre-market trading after President Trump announced plans to impose 25% tariffs on steel and aluminum imports. This decision has had a notable impact on American steel companies, driving […]
US Stocks Rise; Trump’s Tariff Threat; Inflation Data in Focus
Futures for the main US stock market indexes rose on Monday as investors processed former President Donald Trump’s recent statements on tariffs while awaiting key economic data set to be released this week. Dow Jones futures were up 120 points (+0.3%), S&P 500 futures were up 25 points (+0.4%) and Nasdaq 100 futures were up 135 points (+0.6%). On […]
Dollar Strengthens Amid Talks of Additional Tariffs, Euro Loses Ground
The US dollar rose on Monday after the US president threatened to impose new tariffs on metal imports, boosting demand for safe-haven assets, while the euro lost ground. The dollar index, which tracks the US currency against a basket of six other currencies, was trading 0.2% higher at 108.140. Dollar Gains Ground on Trade War […]
Daily Technical Analysis : EUR/USD Holds Near 1.0300 Amid Trump’s Tariff Threats
While US Treasury yields continue to climb, the US counterpart remains resilient, prompting both the USD and prices to push higher. EUR/USD has ceded ground for the third consecutive session, with the pair trading around 1.0310 on Monday. The pair is under pressure as investors anticipate a widening interest rate gap between the US and […]
What Are Altcoins and Why Are They So Important in the Crypto Market?
Altcoins are cryptocurrencies that act as alternatives to Bitcoin, presenting diverse opportunities for investors who wish to enter the cryptocurrency space in a more varied manner. In this article, we will delve into their most significant characteristics. Altcoins hold a distinct position in discussions about cryptocurrencies as they represent alternatives to Bitcoin, the leading cryptocurrency […]