The EUR/USD is expected to remain under pressure with signs of moderation in the coming days due to the amount of data to be released this week, especially today, Wednesday, when the Eurozone PPI and the Federal Reserve’s interest rate decision and subsequent statement will be released. The EUR/USD has lost ground this week from […]
Ether ETFs Rack Up $340 Million in Outflows in Their First Week
Outflows of more than $1.5 billion from the high-fee Grayscale Ethereum Trust have outpaced inflows into other spot products. Negative Net Flows in the First Week Spot Ether (ETH) exchange-traded funds (ETFs) saw negative net flows in their first week due to heavy outflows from Grayscale’s Ethereum Trust (ETHE), which outpaced interest in competing products. […]
U.S. Recession Indicator Close to Turning On
According to FRED data, the threshold will be breached if the unemployment rate rises to 4.2% in this week’s employment report, which is set for release on August 2. Economists’ Forecast for the July 2024 Employment Report The preliminary forecast for the July employment report, to be released Friday, calls for a net gain of […]
US Stocks Rise, Caution Ahead of Fed Meeting and Microsoft Results
US stocks rose on Tuesday in a cautious environment ahead of the Federal Reserve meeting and the release of results from some of the largest US companies. Here is what is happening in the stock market. Fed Meeting Awaited for More Clues on Interest Rates Markets are on edge ahead of the Federal Reserve’s latest […]
Dollar Steady Ahead of Fed Meeting; Traders Remain on Alert
The US dollar was trading flat on Tuesday as traders remained cautious and on alert ahead of the start of the Federal Reserve’s latest interest rate meeting. Here is what is moving the currency market today. Dollar Quiet Ahead of Fed Meeting The Federal Reserve begins its two-day policy meeting on Tuesday and is expected […]
Outlook for the week of July 29 – August 02
Key points to watch out for: The Bank of Japan Is Expected to Reduce Its Stimulus, Will It Also Raise Rates? The Bank of Japan has been frequently in the news recently. Whether it’s the speculation surrounding rate hikes, continued hints of bond tapering, or rumors of intervention into the currency markets, Governor Ueda has […]
Market Highlights for the Week: Rates, Earnings, BoE
This week will be decisive for markets, with monetary policy meetings of the Federal Reserve, the Bank of England, and the Bank of Japan. Additionally, Friday will see the release of the US employment report and the results of major technology companies. Here is a summary of what to expect in the markets this week. Federal Reserve […]
Bitcoin Price Today: Back to $70,000 on Trump’s Announcement of More Favorable Regulation
The price of Bitcoin surged on Monday, extending gains made over the weekend after Republican presidential candidate Donald Trump raised the likelihood of more favorable regulation during his speech at the Bitcoin Convention. Although the cryptocurrency initially reacted somewhat negatively to Trump’s speech, mainly because he stopped short of specifically promising a national reserve, buyers […]
US Stock Markets Rise Ahead of Federal Reserve Meeting and Major Tech Company Results
US stock index futures rose on Monday, kicking off a week that includes a Federal Reserve meeting and crucial results from major tech companies. Here’s what’s happening in the stock market today. Wall Street indices rallied strongly on Friday after the PCE price index, the Federal Reserve’s favored inflation gauge, came in mostly in line […]
Dollar Falls Ahead of Fed Meeting, Pound Slides
During the early part of the European trading session, the US dollar retreated, supported by a safe-haven bid, as tensions escalate in the Middle East, while sterling retreated ahead of the Bank of England’s monetary policy meeting this week. Here is what is happening in the forex market today. Dollar Rises Amid Middle East Tensions […]