The U.S. dollar weakened against major currencies as U.S. equity futures climbed following President Donald Trump’s decision to delay a planned tariff hike on the European Union. The U.S. Dollar Index (DXY) initially fell but later recouped most of its losses. Meanwhile, the EUR/USD pair climbed as much as 0.5% before easing slightly to end […]
Daily Technical Analysis EUR/USD : Rises Toward 1.1400 After Tariff Delay
EUR/USD continues its upward momentum for the second straight session, trading near 1.1390 on Monday. The euro is gaining strength after Bloomberg reported that former U.S. President Donald Trump agreed to postpone the implementation of a 50% tariff on European Union (EU) imports until July 9. On Sunday, European Commission President Ursula von der Leyen […]
Unraveling ETFs: A Complete Guide for Investors
Entering the world of stock market investing involves familiarizing yourself with a wealth of terminology and understanding the nature of the various financial instruments available. Among these, ETFs (Exchange-Traded Funds) have gained significant prominence, sparking growing interest among investors of all levels. The recurring question, “What is an ETF?” underscores the need for a clear […]
Dollar Keeps Falling, The Pound Sterling Rises on Higher Inflation
The U.S. dollar continued to decline on Wednesday, weighed down by uncertainty surrounding President Donald Trump’s proposed tax and spending bill. Meanwhile, the British pound gained ground following stronger-than-expected inflation data. As of 04:30 ET (08:30 GMT), the U.S. Dollar Index—which measures the greenback against a basket of six major currencies—dropped 0.4% to 99.595, extending […]
Daily Technical Analysis EUR/USD: Rises Ahead of Weak Dollar, with Key Technical Barriers Still in Place
EUR/USD gained for a second consecutive session on Tuesday, lifting the pair closer to the 1.1300 mark. While bullish momentum has returned in the near term, the euro remains well below the multi-year highs near 1.1575. Strong support from key moving averages has provided a technical floor, and market sentiment remains cautiously optimistic that traders […]
SEC Delays Decision on Solana and Other Crypto-Based ETF Proposals
The U.S. Securities and Exchange Commission (SEC) has extended the deadline for deciding on several proposed exchange-traded funds (ETFs) tied to Solana and other cryptocurrencies, according to regulatory filings released Monday. The proposals under review come from 21Shares, Bitwise, VanEck, and Canary Capital. Additional Review Time Cited by the SEC In its statement, the SEC […]
Dollar Drops Again After the Tax Vote, the Euro Rises Because of Peace Talks in Ukraine
The U.S. dollar edged lower on Tuesday as markets focused on a pivotal tax bill vote, while the euro strengthened amid rising hopes for peace talks between Ukraine and Russia. As of 04:30 ET (08:30 GMT), the U.S. Dollar Index — which measures the greenback against a basket of six major currencies — dropped 0.3% […]
Outlook for the Week of May 19 – 23
The week of May 19–23 promises to be pivotal for global markets. In the U.S., investors will closely watch PMI data and speeches from key Federal Reserve officials for clues on the future path of interest rates—especially after April’s persistent inflation and the easing of recession fears following a surprising U.S.-China trade truce. Meanwhile, the […]
Texas Bitcoin Reserve Bill Nears Critical Vote Ahead of June Deadline
Senate Bill 21 (SB 21), which would authorize the creation of a state-managed Bitcoin reserve in Texas, is approaching a crucial vote in the Texas House of Representatives. With a June 2 deadline looming, the bill must pass quickly or risk expiration and reintroduction in a future legislative session. According to an update on the […]
Dollar Plummets After Moody’s Downgrade; Euro and Pound Sterling Rise
The U.S. dollar tumbled on Monday following a surprise downgrade of the country’s sovereign credit rating by Moody’s, just days before a critical vote on President Donald Trump’s tax reform bill. As of 04:20 ET (08:20 GMT), the U.S. Dollar Index — which tracks the greenback against six major currencies — had fallen 0.7% to […]