U.S. stock futures surged early Monday after the White House confirmed a trade agreement with China, with both countries agreeing to ease tariffs. As of 06:30 ET (10:30 GMT), Dow Jones futures were up 975 points (2.4%), S&P 500 futures rose 170 points (3%), and Nasdaq 100 futures gained 785 points (3.9%). The rally follows […]
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 […]
Today’s Stocks to Watch: AMD, Disney, and Super Micro
Key Points To Watch Out For: Super Micro Computer (SMCI): Uncertainty delays orders and hits forecasts Super Micro fell in premarket trading after cutting its full-year sales projection. The company, key in the development of servers for artificial intelligence applications, cited economic uncertainty as the reason for its customers deferring orders. The news is particularly […]
U.S. Stock Futures Climb on Trade Negotiations With China, Fed Interest Rate Decision Upcoming
U.S. stock index futures climbed early Wednesday as optimism grew over the resumption of trade negotiations between the U.S. and China. However, gains remained modest as investors exercised caution ahead of the Federal Reserve’s policy decision later in the day. As of 05:35 ET (09:35 GMT), Dow Jones Futures were up 200 points, or 0.5%, […]
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, […]
Daily Technical Analysis: EUR/USD Continues to Drift in Anticipation of Key Fed Meeting
The EUR/USD pair traded sideways on Tuesday, establishing a near-term consolidation range around the key 1.1300 level as market participants await a fresh catalyst. Investor focus remains firmly fixed on the Federal Reserve’s upcoming interest rate decision, which is widely expected to shape market direction for the remainder of the week. The Fed’s policy announcement […]