The U.S. dollar edged lower on Monday, nearing a five-month low as concerns grow that uncertainty surrounding the Trump administration’s tariff policies could slow economic growth. At 08:05 ET (12:05 GMT), the Dollar Index, which measures the greenback against a basket of six major currencies, was down 0.2% at 103.162, approaching last week’s five-month low. […]
Daily Technical Analysis: EUR/USD Holds Below 1.0900 Ahead of US Retail Sales Data
The EUR/USD pair remains stable around 1.0880, with the US Dollar (USD) holding firm ahead of Monday’s Retail Sales data release. However, the Greenback came under pressure after the University of Michigan (UoM) Consumer Sentiment Index for March fell to 57.9, its lowest level since November 2022, down from 64.7 and below the consensus estimate […]
Mastering Swing Trading: A Comprehensive Guide to Profitable Strategies
Swing trading is a short- to medium-term investment strategy that falls between the fast-paced nature of day trading and the patience required for long-term investing. Its goal is to capitalize on market movements over several days or weeks, profiting from price fluctuations within an established trend. Unlike day trading, where positions are closed before the […]
US Inflation Slows in February, Bitcoin Surpasses $84,000
Inflation in the United States showed signs of moderation in February, with consumer prices rising 0.2 percent compared to January, according to the Consumer Price Index (CPI) data released on Wednesday. On an annual basis, inflation fell to 2.8 percent, down from 3 percent the previous month. Following the release of the report, Bitcoin reacted […]
Euro Moderates, Dollar Gains Strength Amid Tariff Turmoil and Upcoming CPI Data
The euro remained largely stable on Wednesday, while the dollar saw a modest rebound from recent losses as traders assessed Europe’s reaction to fresh U.S. tariffs and positioned for key inflation data. By 06:37 ET (10:37 GMT), the euro edged down 0.1% against the dollar to $1.0911, while the U.S. dollar index—tracking the greenback against […]
Daily Technical Analysis: EUR/USD Rises Despite Trade Conflicts, Markets Focus on US CPI Inflation Data
The EUR/USD surged higher on Tuesday, briefly touching the 1.0950 level as bullish momentum continued to build. The pair reached fresh 22-week highs, with euro buyers maintaining control in recovery territory. U.S. Data in Focus Amid Sparse EU Releases This week, foreign exchange traders remain focused on U.S. economic data, as the European calendar remains […]
Dollar Weakens Amid Growth Concerns, Euro Strengthens on Hopes of German Defense Deal
The U.S. dollar slipped on Tuesday as persistent concerns over a potential recession weighed on investor sentiment, while optimism surrounding a possible German defense spending deal boosted the euro. By mid-afternoon in European trading, the dollar index, which measures the greenback against a basket of major currencies, fell 0.6 percent, hovering near a four-month low. […]
Outlook for the Week of March 10 – 14
The financial markets are gearing up for a pivotal week ahead, filled with political and economic developments that could drive volatility across currencies, equities, and commodities. From the German elections’ impact on the euro to the critical US PCE inflation data, traders and financial professionals will want to keep a close eye on these key […]
Mark Carney will be the new Prime Minister of Canada: What does this mean for Bitcoin?
Mark Carney, former governor of the Bank of England and the Bank of Canada, is about to become the next Prime Minister of Canada. However, his rise does not seem to be good news for Bitcoin (BTC), as he has been a constant critic of cryptocurrencies. On March 9, Carney won a resounding victory with […]
U.S Stock Futures Decline, Recession Fears Grow
U.S. stock index futures fell on Monday, extending last week’s selloff as investors remained cautious about the economic impact of President Donald Trump’s tariff policies. As of 05:25 ET (10:25 GMT): Stocks Under Pressure After Heavy Weekly Losses Major U.S. stock indexes posted steep declines last week after Trump imposed 25% tariffs on Mexico and […]