The UK’s Financial Conduct Authority said it will not oppose applications to create a market segment for ETNs backed by cryptocurrencies. The London Stock Exchange (LSE) reported that it is going to start allowing and accepting applications for Bitcoin (BTC) and Ethereum (ETH) exchange-traded notes (ETNs) by the second quarter of 2024. On Monday, March 11, […]
Boeing stocks have fallen more than 25% so far in 2024
Boeing shares fell nearly 3.2% to be the worst performer among members of the Dow Jones Industrial Average. The disappointing year for Boeing (BA) continues into 2024, recently hitting a new low, with shares plunging more than 25% so far this year, just after the Justice Department began a criminal investigation into issues related to the […]
Outlook for this week’s most important events
Key points to watch out for: US CPI: A Potential Challenge The US Federal Reserve (Fed) is not due to meet until the 20th of this month to make a decision on the country’s monetary policy, and after last week’s jobs report, all eyes are now on the CPI figures due for release on Tuesday, […]
Daily Technical Analysis EUR/USD: The pair trades below major resistance
The EUR/USD is trading in a wide range below 1.0950 during European hours on Monday. This activity triggers an extension of a sideways move against the US dollar. Despite trading consistently defensively last week, the dollar has remained firm. Investors Investors are currently hesitant to place any bets on the major currency, awaiting the release of CPI […]
U.S. Federal Reserve minutes warn of risks if interest rates are lowered too quickly
Most U.S. Federal Reserve (Fed) officials showed concern last month about the possibility of lowering interest rates too quickly, noting that the risks of lowering rates too quickly outweigh the risks associated with maintaining high borrowing costs for an extended period. The minutes of the Federal Open Market Committee meeting held on January 30-31 reported […]
Inflation in Canada recorded a fall to 2.9% in January
Canada’s annual inflation fell to 2.9%, largely due to a reduction in fuel prices, according to Statistics Canada data. This marks the first occurrence since June of the previous year that the annual rise in consumer prices has dipped below 3%. These numbers bring inflation ever closer to the Bank of Canada’s target level of 2%. […]
Daily Technical Analysis XAU/USD: The trend is rebounding and turning bullish as we wait for more stimulus to consolidate in the market
This week, the gold (XAU) and other metals markets could be influenced by the US dollar’s (USD) performance, testing investors’ risk tolerance and willingness to engage. A recent report on US wholesale inflation serves as a reminder that the battle against rising prices continues, suggesting the need for alternative strategies in this market environment. In the […]
Dollar loses ground as euro rises ahead of wages data
The U.S. dollar (USD) is losing ground in early European trading today but remains near recent highs, as expectations persist that U.S. interest rates will stay high for some time. Meanwhile, the euro (EUR) faces a crucial test with the upcoming wage data release later today. With the U.S. stock market reopening today after its […]
Daily Technical Analysis EUR/USD: Limited movements are expected during the US holiday
The EUR/USD pair is expected to react to the release of the minutes from the most recent US Federal Reserve (Fed) meeting, as well as to the Purchasing Managers’ Index (PMI) readings for manufacturing and services from both Europe and the United States. Overall, according to the economic calendar data, major U.S. data releases were […]
The five most important events of the week
This week, investors will be paying close attention to the latest minutes from the U.S. Federal Reserve (Fed) as they look for new perspectives that will shape the future of monetary policy in the country. Also the results of the chipmaker Nvidia (NVDA) will be an important sign of the artificial intelligence fever that has […]