In the dynamic world of cryptocurrencies, Tether has taken an important step to consolidate its position in the market, increasing its holdings of Bitcoin (BTC) to more than $5 billion. This key move, the result of acquisitions and mergers, highlights Tether’s growing influence in the digital asset sector. With a market capitalization of over $70 billion, Tether […]
Outlook for this week’s most important events
Key points to watch out for: The Federal Reserve reinforces its view The March monetary policy meetings reinforced the likelihood of central banks beginning to cut interest rates by June.However, there are still some doubts about whether inflation is on a downward path especially in the United States. Despite the FOMC’s estimate of three rate […]
Tesla worries Wall Street
Tesla In, (TSLA) may be headed for a grim milestone as both demand for electric vehicles and high interest rates affect the company’s sales. According to Wall Street analysts, estimates for this week’s delivery report were quickly revised as the end of the quarter approached. Some on Wall Street are even bracing for Tesla’s first sales decline […]
Nasdaq leads Wall Street
The market begins a week that will be marked by employment. On Monday, the Nasdaq led Wall Street gains following mixed numbers from Thursday. It ended March and, consequently, the first quarter of the year on a high note. This performance enabled the S&P 500 to record its best start to a year since 2019. […]
Daily Technical Analysis: EUR/USD The bearish path continues
EUR/USD technical indicators are likely to move towards oversold saturation levels. At the start of April trading, the EUR/USD is moving below the psychological support level of 1.0800 with losses extending to 1.0767, its lowest level in a five-week span. This behavior is seen after first quarter losses reached 2.3% amid speculation of a possible […]
Daily Technical Analysis: EUR/USD: Dollar continues strong
The euro (EUR) fell sharply against the dollar (USD) last week on growing confidence that the European Central Bank (ECB) will cut interest rates by June, while the market expects the Federal Reserve (Fed) to cut rates only in July. This difference in timing of rate cut expectations could potentially strengthen the dollar until the […]
SEC demands Ripple to pay a $2 billion fine
The Securities and Exchange Commission (SEC) is not resting in its fight against cryptocurrency company Ripple Labs. The SEC is going to ask a judge to fine the said company nearly USD 2 billion, according to information provided by the company’s executives. Through X, the legal director of Ripple Labs, Stuart Alderoty, reported that this […]
Wall Street cuts path of record highs in short week for for the holidays
Wall Street’s major indexes closed lower yesterday, Monday, March 25th, during a short week due to the Easter holidays. This comes amidst a calendar packed with important data releases and ongoing investor analysis of the Federal Reserve’s (Fed) potential interest rate path. Last week’s bullish rally following the Fed meeting propelled Wall Street to record […]
On May 28, the London Stock Exchange will introduce cryptocurrency ETNs
The London Stock Exchange (LSE) officially announced on Monday that cryptocurrency exchange-traded notes (ETNs) tracking the price of both Bitcoin (BTC) and Ethereum (ETH) will be launched on May 28. ( Applications can be submitted starting April 8, with listing expected in May, subject to approval by the Financial Conduct Authority (FCA). Investors will need to […]
Outlook for this week’s most important events
Key points to watch out for: US Dollar Rebounds After Fed Meeting Last week was filled with events on the economic calendar, especially for those trading in the foreign exchange market. There were nearly five central bank meetings that caused volatility in market prices. In an unexpected move, the Federal Reserve (Fed) continued to assert […]