The U.S. dollar retreated on Tuesday from a one-month high as yields fell ahead of key inflation data and the latest Federal Reserve meeting. Dollar retreats ahead of CPI and Fed meeting The dollar was buoyed by Friday’s better-than-expected jobs report and rising Treasury yields as traders lowered estimates for rate cuts by the Federal […]
Cardano set for an upgrade this June in preparation for the next hard fork
Cardano is making preparations for its next key update. This June is expected to see the release of Cardano Node version 9.0, a preview in anticipation of the next Cardano hard fork, named Chang. Cardano founder Charles Hoskinson, a well-known figure in the cryptocurrency world, took to his social networks to share details about the network’s upcoming […]
U.S. stock markets fall ahead of Federal Reserve meeting and inflation release
Stocks in U.S. equity markets weakened on Monday, shedding some of last week’s significant gains ahead of this week’s Federal Reserve meeting, as well as key inflation-related data. Wall Street’s major indexes posted some losses on Friday, as a blowout nonfarm payrolls report prompted markets to rethink expectations for the central bank’s rate-cutting cycle. Increasing […]
Euro falls due to political instability; dollar awaits Fed meeting
The euro fell on Monday, hitting one-month lows due to increased political instability and uncertainty in the region, while the U.S. dollar awaits the Federal Reserve’s meeting later this week. Euro plummets on political instability Following the results of the European Parliament elections, which ended on Sunday, the euro fell as Euroskeptic nationalists made the […]
Bitcoin ETFs experience inflows of almost USD 900 million on their second-best day since March
If this continues, Bitcoin ETFs may break their inflow record this week. Meanwhile, spot Ethereum ETFs are poised to enter the U.S. market. U.S. spot Bitcoin ETFs are posting their longest streak of inflows since inception, recording their 16th consecutive session of positive inflows on Tuesday. The 11 spot Bitcoin-based ETFs in the U.S. market […]
U.S. Stocks Gain on Slower ADP Payroll Growth, Fueling Rate Cut Speculation
U.S. stocks posted gains on Wednesday as weak labor market data fueled hopes that the Federal Reserve will cut interest rates to support growth this year. Private payrolls disappointed in May Private payrolls grew at a slower-than-expected pace in May, with firms adding 152,000 workers, down from a downwardly revised 188,000 last month, according to […]
Dollar rebounds from two-month lows; ECB cuts rates this week
The U.S. dollar rose in the early hours of Wednesday’s European session, bouncing from two-month lows in anticipation of further signals about future economic policy. Dollar strength likely to continue The dollar has risen by more than 3% this year, largely because the economy has been strong and inflation has kept interest rates on hold […]
Thailand authorizes for the first time a Bitcoin spot ETF
Bitcoin ETFs continue to gain ground and now it is Thailand’s turn. Thailand’s Securities and Exchange Commission (SEC) has authorized a first Bitcoin-based ETF, opening the door to a new regulated cryptocurrency investment vehicle. One Asset Management (ONEAM) will become the first company in the country to launch such a fund after gaining regulatory approval, […]
U.S. stock markets retreat in light of key employment data; GameStop appears shaky
U.S. stock indices fell on Tuesday as investors awaited key U.S. labor market data and potential interest rate cuts in Europe and Canada this week. Indices experienced volatility at the week’s start, as weak economic data depressed the Dow Jones Industrial Average, which lost about 115 points, or 0.3%, while falling bond yields helped the […]
Dollar steady ahead of jobs data; euro slides
In the early hours of Tuesday’s European session, the U.S. dollar was advancing, showing signs of recovery after sharp losses overnight, while the euro was losing ground after weak German jobs data. JOLT data in focus The dollar stabilized on Tuesday, recovering from sharp losses at the start of the week, driven by data showing […]