The EUR/USD pair tilted lower during the day on Tuesday, with intraday bids at two-week lows before the day’s session closed near 1.1050. Price action remains limited as markets are bracing for a final US Non-Farm Payrolls release this week, although a missed Purchasing Managers’ Index figure appears to have revived fears of an impending […]
Qatar Introduces New Legal Framework for Cryptocurrency Regulation
Qatar is opening the way for cryptocurrencies with the introduction of a new special regulatory framework for this type of asset. Companies in the sector can now register, which will help boost the digital economy in the country. Qatar has adopted a series of new rules to establish a regulatory framework for this new asset […]
U.S. Stock Markets Fall in Cautious Mood Ahead of Friday’s Jobs Report
U.S. stocks futures fell on Tuesday, with investors returning from the long weekend cautiously ahead of the release of key labor market data. Attention Focuses on the Labor Market Investors are returning from the Labor Day holiday to a crucial week for U.S. markets, with high expectations for upcoming labor market data, most notably Friday’s […]
Dollar Is Calm Ahead of ISM Release and Labor Market Data
The U.S. dollar is calm on Tuesday as investors await key economic data, including Friday’s payrolls report, which could set the stage for a rate cut by the Federal Reserve later this month. Dollar Focuses on Labor Market The U.S. ISM manufacturing survey, due later in the session, is the first major indicator in a […]
Outlook for the Week of September 2 – 6
Key points to watch out for: Expectations for a Likely Fed Rate Cut Remain High For yet another week, investors are eagerly awaiting the NFP results to get a sense of the size and pace of the Fed’s next rate cuts. The weaker-than-expected July figures generated market turbulence, instilling fears about the possibility of a […]
September on Wall Street: Why Should Caution Be Exercised?
September, known as the most dreaded month on Wall Street, is just beginning. What can we expect this month in the U.S. stock market? What Has Happened According to Bloomberg Line, September has been, on average, the worst month of the year for the U.S. stock market for about 75 years, with the S&P 500 […]
U.S. Economic Calendar: Key Events for Crypto in September
Cryptocurrency markets are closely watching several key macroeconomic events in the U.S. this month, which could have a considerable impact on cryptocurrencies. In particular, the Fed’s interest rate announcements will be a key data point in September. Favorable economic information usually has an impact on investor confidence in the cryptocurrency space. Over the course of […]
Market Highlights for the Week: Rates, Market, Oil
Friday’s August employment report will focus attention on the short holiday week as markets anticipate the Federal Reserve to start cutting rates later this month. Meanwhile, the Bank of Canada is set to implement another rate cut, oil prices will remain under pressure, and China will release new manufacturing data. Here is a look at […]
Dollar Awaits Payrolls, Euro Gains
The U.S. currency retreated slightly on Monday amid light trading due to the holiday, as traders await key labor market data as they look for signs of possible interest rate cuts by the Federal Reserve. This Monday, activity will be minimal due to the U.S. Labor Day vacation. Dollar Focuses on Payrolls Report The dollar […]
Daily Technical Analysis EUR/USD: Rises to Near 1.1050 on Fed’s Dovish Tone
The EUR/USD breaks its three-day losing streak and trades around 1.1050 during the Asian session on Monday. The rise in the EUR/USD could be a consequence of the U.S. dollar’s lukewarmness following the negative sentiment surrounding the Federal Reserve. However, the July Personal Consumption Expenditures index may have supported the dollar and prevented the pair […]