Ripple has formally argued to the U.S. Securities and Exchange Commission (SEC) that fungible cryptocurrencies, when traded in secondary markets, should not be considered securities. In a letter dated May 27, Ripple—the blockchain firm behind XRP—cited legal scholar Lewis Cohen’s influential 2022 paper “The Inescapable Modality of Securities Law,” which asserts there is no legal […]
Today’s Stocks to Watch: Tesla, Disney, and Trump Media
Key Points To Watch Out For: Nvidia (NVDA): Results Under Scrutiny After Chip Ban in China The chip manufacturer is set to report its results on Wednesday after the market closes, in what is expected to be a key moment for tech markets. Nvidia’s stock rose on Tuesday, driven by a pre-announcement buying spree. However, […]
U.S. Stock Futures Are Down Slightly Before Nvidia’s Expected Results
U.S. stock index futures edged slightly lower on Wednesday as investor attention turned toward Nvidia’s highly anticipated earnings report. As of 05:45 ET (09:45 GMT), Dow Jones futures were down 100 points, or 0.2%, while S&P 500 futures slipped 12 points, also 0.2%. Nasdaq 100 futures dropped 50 points, mirroring the 0.2% decline across major […]
Dollar Rises Slightly, but Gains Still Uncertain
The U.S. dollar inched slightly higher on Wednesday, buoyed by stronger-than-expected economic data, though lingering uncertainty around trade policies and the growing federal deficit limited further upside. As of 06:45 ET (10:45 GMT), the U.S. Dollar Index—which measures the greenback against six major currencies—rose 0.1% to 99.500. However, it remains down 8% year-to-date as investors […]
Daily Technical Analysis: EUR/USD Falls Below 1.1400 After Positive US Data and Weak French CPI
The EUR/USD pair continues its decline, slipping below the 1.1400 level for the second consecutive session, pressured by a rebound in the US Dollar (USD) and soft inflation data from France. As of Tuesday, the pair trades at 1.1335, down over 0.40%. Rebounding Dollar Gains From Strong Confidence Data A recovery in risk sentiment followed […]
Today’s Stocks to Watch: Tesla, Disney, and Trump Media
Key Points To Watch Out For: Tesla (TSLA): Sales Decline, but Stock Rebounds in Premarket Trading esla rose 3% before the market opened, even though new data showed a decline in sales in the European Union for the fourth consecutive month. Competitive pressure from Chinese manufacturers such as BYD has limited growth in that market. […]
Markets Rise on Trump Tariff Delay, Nvidia Earnings Ahead
U.S. stock index futures jumped early Tuesday after President Donald Trump postponed steep tariffs on European Union goods, easing fears of a transatlantic trade war. As of 06:20 ET (10:20 GMT), Dow Jones Futures were up 565 points (1.4%), S&P 500 Futures climbed 90 points (1.6%), and Nasdaq 100 Futures advanced 365 points (1.8%). Wall […]
Dollar Recovers, Despite Ongoing Concerns About Trade and Debt
The U.S. dollar edged higher on Tuesday, buoyed slightly as traders returned from long weekends in the U.K. and U.S. However, lingering uncertainty over the Trump administration’s trade policies and a major tax-and-spending bill moving through Congress continued to weigh on sentiment. As of 05:40 ET (09:40 GMT), the U.S. Dollar Index—which measures the greenback […]
Outlook for the Week of May 26 – 30
The week of May 26–30 is shaping up to be crucial for global markets, with a spotlight on U.S. economic indicators and fiscal uncertainty. Investors will closely monitor the Fed minutes and core PCE inflation data for hints on future policy, while concerns over U.S. debt following Moody’s downgrade and a contentious budget bill weigh […]
Trump Delays EU Tariffs, Giving Bitcoin Room to Recover
On Sunday, May 25, U.S. President Donald Trump announced a delay in his proposed 50% tariffs on European Union imports, extending the deadline to July 9, 2025. The decision, shared via Trump’s Truth Social account, followed a call with European Commission President Ursula von der Leyen, who emphasized the importance of maintaining strong trade ties […]