Arizona Governor Katie Hobbs on Monday vetoed two cryptocurrency-related bills—SB1373 and SB1024—while signing into law a separate measure regulating Bitcoin ATMs across the state. Vetoed: Crypto Reserve Fund and Payments Bill Arizona Governor Katie Hobbs on Monday vetoed two cryptocurrency-related bills—SB1373 and SB1024—while signing into law a separate measure that regulates Bitcoin ATMs throughout the […]
Dollar Falls Slightly from Highs as Markets Eye U.S. CPI Report
The U.S. dollar edged lower on Tuesday but remained close to recent highs, buoyed by ongoing optimism following a trade agreement between the U.S. and China. As of 04:30 ET (08:30 GMT), the U.S. Dollar Index — which measures the greenback against a basket of six major currencies — dipped 0.2% to 101.410, after surging […]
Outlook for the Week of May 12 – 16
The week of May 12–16 is shaping up to be decisive for global markets, with key U.S. data—including inflation, GDP, and nonfarm payrolls—that could redefine expectations for rate cuts by the Federal Reserve. Internationally, possible moves by the Bank of England and the Bank of Japan are expected, while employment and inflation figures in Europe, […]
Cardano Unveils Leios: A Groundbreaking Upgrade That Could Outpace Solana and Ethereum
Cardano has introduced Leios, a transformative protocol upgrade that marks the culmination of eight years of research and aims to dramatically enhance network speed and stability. This next-generation architecture features a sophisticated multi-tier block structure—comprising input, sorting, and backup blocks—that could position Cardano as a leader in blockchain performance. Initial simulations suggest Leios may be […]
Dollar Soars After U.S.-China Trade Agreement
The U.S. dollar surged on Monday after the White House announced a breakthrough trade agreement with China over the weekend, reviving optimism that the world’s largest economy could sidestep a prolonged and damaging trade war. As of 03:30 ET (08:30 GMT), the U.S. Dollar Index—measuring the greenback against six major currencies—jumped 1.3% to 101.455, its […]
Why Are Swap Charges Higher on Wednesdays and Fridays?
Certain trading instruments incur higher swap rates midweek due to value date adjustments caused by weekends and market settlement practices. In the foreign exchange market, transactions typically follow a T+2 settlement cycle, meaning they are settled two business days after the trade execution. For instance, positions opened and held past Monday roll over to Tuesday, […]
Daily technical analysis EUR/USD: Pair Trades Below 1.1250 as Conciliatory Signals from the ECB Weigh on the Euro
EUR/USD is edging lower in Monday’s Asian session, slipping to around 1.1240 after gains in the previous trading day. The Euro (EUR) is under pressure following comments from European Central Bank (ECB) policymaker Olli Rehn, who suggested the ECB may consider cutting interest rates at its next meeting—provided upcoming projections confirm a sustained disinflationary trend […]
Guide to the ASX 200 Index: A Trader’s Perspective
Stock index trading is emerging as an insightful strategy for diversifying investment portfolios, allowing traders to speculate on the collective performance of a market’s leading companies or sectors rather than focusing on individual stocks. In this context, the S&P/ASX 200 Index stands as the main benchmark for the Australian stock market, characterized by its high […]
Ethereum Launches Pectra, Its Most Ambitious Update Yet
Ethereum has activated Pectra, its most comprehensive and ambitious update to date, via a hard fork that successfully executed at 6:05 a.m. ET and finalized 13 minutes later. This new version introduces 11 Ethereum Improvement Proposals (EIPs), making it the most significant update since The Merge in 2020. What Does Pectra Bring? Pectra seeks to […]
Dollar Rises Slightly Before the Fed’s Decision, The Euro Remains Resistant
The U.S. dollar edged higher on Wednesday, trading within narrow ranges as markets awaited the outcome of the Federal Reserve’s latest policy meeting and digested news of renewed trade negotiations between the U.S. and China. At 04:45 ET (08:45 GMT), the U.S. Dollar Index, which tracks the greenback against a basket of six major currencies, […]