The New York Stock Exchange (NYSE), the world’s largest securities trading organization by market capitalization, is considering changing its trading hours to resemble those of cryptocurrencies, providing investors the option to trade stocks 24/7. According to a Financial Times story published on Monday, Intercontinental Exchange, the company that owns the New York Stock Exchange, reportedly conducted […]
Dollar unchanged ahead of inflation report
Amid global currency evaluations, the U.S. dollar remained stable today. This quiet trading day comes as geopolitical tensions in the Middle East appear to be easing and as markets anticipate the release of the Federal Reserve’s preferred inflation indicator next Friday. The dollar remains unchanged in anticipation of the inflation report The dollar reached new […]
Tether Announces Expansion Beyond Stablecoins
With the new divisions, Tether wants to achieve its mission to expand and be able to offer a variety of new infrastructure, services and investment solutions. The stablecoin with the largest market capitalization is restructuring to introduce new departments beyond stablecoin development. Tether has launched a new framework introducing four new divisions: Tether Data, Tether […]
Dollar Falls, Pound Rises, Yen Remains Weak
The U.S. dollar loses value today and retreats after reaching highs, while the British pound gains ground after UK CPI came in lower than expected in March. Dollar falls but maintains its strength The dollar, considered a safe haven, hit new highs on Tuesday, just after Federal Reserve (Fed) Chairman Jerome Powell signaled that interest […]
Powell speaks, ASML earnings, UK inflation: what’s moving the markets?
Federal Reserve Chairman Jerome Powell indicated that interest rates could remain high for a while longer, although stock market futures point to a positive opening on Wall Street. Inflation in the United Kingdom has fallen again, while chipmaker ASML announced strong sales in China. Federal Reserve Chairman’s speech The possibility that the Federal Reserve (Fed) […]
U.S. stock futures mixed; Middle East, earnings and bond yields take center stage
U.S. stock index futures are trading mixed on Tuesday, with investors monitoring ongoing geopolitical tensions in the Middle East, rising bond yields, and the active quarterly earnings season. Wall Street’s major indexes posted significant losses on Monday, extending last week’s declines, as a series of bearish signals prompted investors to take profits following the strong […]
Dollar rises to five-month high, sterling falls
When it comes to understanding how the currency market operates, knowing what is going on around the world is vital. The U.S. dollar continues to enjoy strong demand at the start of the European trading day, reaching five-month highs, while sterling falls despite positive wage data. Retail sales push the dollar higher The safe-haven U.S. dollar […]
Bitcoin surges after ETF approval in Hong Kong
The price of Bitcoin (BTC) and Ether (ETH) have risen sharply in Hong Kong after several applicants claimed to have obtained approval for exchange-traded funds (ETFS) in cryptocurrencies. Market analysts note that Bitcoin’s price has increased by about 2.8% in the last 24 hours, trading above USD 66,500, while Ether has reached USD 3,240. Details […]
U.S. stocks rebound today, Monday
U.S. stocks rallied on Monday, showing signs of recovery after last week’s significant losses, supported by strong earnings from banking giant Goldman Sachs. In today’s trading, the Dow Jones Industrial Average was up 1%, while the S&P 500 was up 0.8% and the NASDAQ was up 0.5%. Goldman Sachs attracts attention with its profits Wall […]
U.S. stocks down after poor quarterly results from banks
U.S. stocks fell on Friday after disappointing results from several of the country’s major banks raised uncertainty about the strength of the upcoming earnings season. U.S. stock markets fell after big banks disappointed with their quarterly results. The major banks presented their results Shares of JPMorgan Chase (JPM) fell nearly 4% after the banking giant […]