The U.S. dollar stabilized on Wednesday, benefiting from the previous night’s weakness ahead of the release of the July Consumer Price Index, while the British pound weakened following benign inflation data. Dollar Slides on CPI Expectations The U.S. dollar retreated on Tuesday after the Producer Price Index (PPI) for July came in below expectations, prompting […]
Daily Technical Analysis EUR/USD: The pair moves amid dollar weakness
EUR/USD rose on Tuesday, supported by a broad-based weakening in U.S. dollar bids as U.S. Producer Price Index (PPI) inflation appeared to be cooling faster than expected. Traders continue to await EU Gross Domestic Product (GDP) growth figures, due in early European trading hours on Wednesday. Meanwhile, investors will turn their attention to upcoming U.S. […]
U.S. Wholesale Inflation Moderated in July, Sign of Easing Price Pressures
U.S. wholesale price increases slowed in July, indicating that inflationary pressures are moderating as the Federal Reserve (Fed) moves closer to potentially cutting interest rates, expected early next month. The Labor Department reported Tuesday that its Producer Price Index (PPI), which tracks inflation before it reaches consumers, rose 0.1% from June to July and 2.2% […]
U.S. stock markets rise: PPI and Home Depot results in focus
U.S. stock index futures rose on Tuesday during quiet trading in anticipation of key inflation data, which could pave the way for a Federal Reserve rate cut in September. Wall Street’s major indexes showed some volatility on Monday as investors appeared reluctant to commit ahead of the inflation data, especially after last week’s spike in […]
Dollar Rises in Light of PPI, Pound Rises on Wage Data
The U.S. dollar traded within a narrow range as traders awaited the July Producer Price Index (PPI) data, the first of the week’s inflation data, as a roadmap for future monetary policy decisions by the Federal Reserve. Dollar Awaits PPI Data The Producer Price Index, which measures changes in producer prices, is expected to rise […]
Outlook for the Week of August 12-16
Key points to watch out for: Concerns About the U.S. Economy Are in the Spotlight Panic over the U.S. economy being on the brink of a recession has mostly subsided, although markets remain uneasy. Investors see a real risk that the Fed’s delay will inevitably lead to a recession. Stubborn inflation is the main reason […]
Tether Prepares for the Future: 200 Employees by 2025
The aim of this strategic expansion is to strengthen key sectors such as compliance and finance. From Tether’s headquarters in Hong Kong, the creator of the largest stablecoin on the market has announced its ambitious plans to double its workforce in the coming months. Strategic Growth in Turbulent Times In an exclusive interview with Bloomberg […]
Market Highlights for the Week: Inflation, Volatility, UK
Investors will be watching key inflation data set to be released next Wednesday for clues about the potential magnitude of an expected rate cut by the Federal Reserve in September. Markets are likely to remain volatile, and retail sales results will be monitored for signs of strength in consumer spending. Here’s a look at what’s […]
U.S. Stocks Rise, Inflation Data Trends Upward
U.S. stock indexes traded quietly on Monday, appearing stable after the wild swings of the previous week, with attention focused on key inflation data due later this week. More CPI data to come This week, attention will focus on the consumer price index inflation data, due on Wednesday, for more signals regarding the economy and […]
Dollar Rises Ahead of CPI
The U.S. dollar rose on Monday during a light trading day as traders awaited the release of key inflation data later in the week, seeking clues about the Federal Reserve’s upcoming policy decisions. Dollar gains on CPI expectations The dollar received support at the end of the previous week after better-than-expected U.S. jobs data led […]