The U.S. dollar rose on Tuesday as Federal Reserve Chairman Jerome Powell downplayed the possibility of another deep interest rate cut, while the euro fell ahead of the release of the latest euro zone data. Jerome Powell’s upbeat tone helps the dollar Federal Reserve Chairman Jerome Powell indicated that the Fed will continue to cut […]
Outlook for the Week of September 30-04 October
Key points to watch out for: Will the Fed Decide on a Back-to-Back 50 Basis Point Rate Cut? Although the dollar declined right after the Federal Reserve decided to cut interest rates by 50 basis points, with further reductions expected for the remainder of the year, the currency traded in a consolidated manner last week. […]
Japan Plans to Update Cryptocurrency Rules and Allow Bitcoin ETFs
Japan’s financial regulators are considering reviewing and updating their existing rules for the cryptocurrency sector to make them less stringent, according to recent reports. Bloomberg reported on Monday, citing an anonymous Financial Services Agency (FSA) official, that Japan is contemplating changes to its cryptocurrency regulations. The reform of Japanese regulations is expected to take place […]
U.S. Stock Markets Down Slightly, Powell’s Speech in the Spotlight
U.S. stocks declined on Monday, although September is still expected to be a positive month. Investors are looking for signals from Federal Reserve Chairman Jerome Powell regarding potential future interest rate cuts. The last trading day of the month may start on a slightly bearish note. However, the Fed’s decision to cut interest rates by […]
Dollar Stabilizes Ahead of Powell’s Speech and Payroll Data
The U.S. dollar stabilized on Monday as market traders await Federal Reserve Chairman Jerome Powell’s speech later in the day ahead of Friday’s key jobs report. Dollar on Payrolls Watch The U.S. dollar stabilized on Monday as market traders awaited Federal Reserve Chairman Jerome Powell’s speech later in the day, ahead of Friday’s key jobs […]
OnEquity Announces Diamond Sponsorship for Forex Dubai Expo 2024
OnEquity is excited to announce its participation as a Diamond Sponsor at the upcoming Forex Dubai Expo 2024. The prestigious event is scheduled for October 7-8 at the Dubai World Trade Centre, bringing together key players, experts, and innovators from the financial and investment world. As one of the key sponsors, OnEquity is set to […]
EUR/USD Pair Rises Above 1.1150 Amid Fed Rate Cut Bets
The EUR/USD started the week with an upward trend, trading around 1.1170. This rise was driven by the weakening U.S. dollar, due to growing expectations that the Federal Reserve will continue its easing policy in November, with the possibility of another aggressive interest rate cut. On Friday, the U.S. core personal consumption expenditure (PCE) price […]
Shiba Inu: The Unexpected Star of the Crypto Scene
Shiba Inu is not just a breed of dog from Japan; it’s also a decentralized cryptocurrency that has captured the attention of investors worldwide. Originally created as a lighthearted parody of Dogecoin, Shiba Inu has evolved into a significant player in the crypto market, positioning itself as the so-called “Dogecoin Killer.” With its innovative decentralized […]
SEC Delays Decision on Spot Ethereum ETF Trading Options
The U.S. Securities and Exchange Commission (SEC) has postponed its decision on approving a rule change to allow options trading in Ethereum exchange-traded funds. In a filing on Tuesday, the SEC announced it was extending the deadline for its decision on Nasdaq ISE’s proposal to list and trade options on the BlackRock iShares Ethereum Trust, […]
U.S. Stock Markets Fall, Federal Reserve Spokespersons in Focus
U.S. stocks and indices fell slightly on Wednesday, consolidating after reaching record highs, with attention focused on upcoming signals from the Federal Reserve regarding interest rates. The S&P 500 and the Dow Jones Industrial Average hit record highs on Tuesday, continuing the optimism triggered by the Fed’s interest rate cut the previous week. Powell Speech […]