The U.S. dollar was able to stabilize on Tuesday, while the euro made attempts to recover from last session’s sharp losses. Dollar Stable The U.S. dollar stabilized after last week’s sell-off in the wake of the Federal Reserve’s rate cut. The Fed began its rate-cutting cycle with a sizable 50 basis point reduction, and right […]
Market Highlights for the Week: Inflation, Gold, and the Fed
Key inflation data and speeches from several Federal Reserve policymakers will be closely monitored by investors following last week’s significant rate cut. PMI data will offer insights into the global economy’s strength, while gold prices remain near record highs. Here’s what to watch in the markets this week. Inflation The Federal Reserve’s preferred inflation gauge, […]
Dollar Rebounds, Euro Hit by Poor PMI Data
The U.S. dollar rose on Monday, moving away from the one-year low recorded the previous week, while poor data on economic activity in the euro zone weighed on the euro. Dollar on PCE watch The U.S. dollar has somewhat recovered from the massive sell-off that followed the Federal Reserve’s sharp rate cut last week, and […]
Bitcoin Price Today: Around $60,000 Before the Rate Cut
Bitcoin prices rose Wednesday on expectations of an interest rate cut by the Federal Reserve, while data indicating an improvement in capital flows into spot exchange-traded funds also contributed to sentiment. Cryptocurrency prices across the board also rose as markets positioned in anticipation of lower U.S. interest rates, which are expected to benefit assets that […]
DBS, Singapore’s Top Bank, to Offer Bitcoin and Ethereum Options
One of the largest banks in all of Southeast Asia is offering its high-profile clients exposure to Bitcoin through options and debt instruments. One of Singapore’s largest banks is the latest traditional financial institution to lean into cryptocurrencies. DBS Bank, the largest bank in Singapore and one of the largest in Southeast Asia, is preparing […]
Dollar Continues to Fall Ahead of Fed Meeting
The U.S. dollar declined on Tuesday and was trading near its lowest levels of the year amid growing expectations that the Federal Reserve will cut interest rates this week, likely by a significant margin. Fed Meeting Begins The Federal Reserve begins its latest policy-setting meeting later in the session amid growing expectations that the Fed […]
Market Highlights for the Week: Fed, Retailers, Earnings
This week will be critical for the markets, with the Federal Reserve’s interest rate decision, key data on retail sales and real estate, and earnings reports from companies such as FedEx and Lennar. The Bank of Japan will also unveil its monetary policy, adding an international component to the economic decisions that investors will be watching closely. Fed Interest Rate Decision […]
Dollar Slips Before Fed Meeting, Euro and Pound Advance
The U.S. dollar fell on Monday, while both the euro and the pound rose on expectations that the Federal Reserve will begin a cycle of rate cuts later this week. Is a Big Fed Rate Cut Coming? The U.S. Federal Reserve completes its latest policy meeting on Wednesday and is expected to begin cutting interest […]
SEC Raises $4.68 Billion from Cryptocurrencies Under 2024 Measures
The U.S. Securities and Exchange Commission has collected a significant $4.68 billion in fines from the cryptocurrency sector in 2024. This record marks an increase of approximately 3,018% compared to the fines collected in 2023. The SEC states that through fines, it is ensuring transparency, protecting investors, and enforcing compliance across the cryptocurrency industry. Terraform […]
0.5% Rate Cut Could Create More Stress for Bitcoin, Analysts Warn
Contrary to what many analysts believe, a rate cut by the Federal Reserve could cause panic and concern, leading to increased caution and potential disadvantages for Bitcoin and other investment assets. The U.S. Federal Reserve appears ready to initiate the long-awaited interest rate cut. As a result, both enthusiasts and analysts are focused on September […]