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 […]
Today’s Stocks to Watch: Intel, Tesla, and TSMC
Key Points To Watch Out For: Intel (INTC): Potential Alliance with TSMC Boosts Share Price Intel shares gained 7 percent in premarket trading after a Reuters report revealed that TSMC had approached Nvidia and other U.S. chip firms to invest in a joint venture managing Intel factories. Tesla (TSLA): Slight Recovery After a 40 Percent […]
U.S. Stocks Rise Amid Tariff Uncertainty and Imminent Inflation Data
U.S. stock futures climbed on Wednesday as investors awaited key inflation data and assessed the latest twists in President Donald Trump’s tariff policies. As of 07:25 ET (11:25 GMT), S&P 500 futures were up 43 points (+0.7%), Nasdaq 100 futures gained 176 points (+0.9%), and Dow Jones futures rose 234 points (+0.6%). Markets React to Tariff Uncertainty On Tuesday, Wall Street experienced a volatile […]
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. […]
U.S. Futures Rise Following a Strong Sell-Off Driven by Recession Fears
U.S. stock futures edged higher on Tuesday, recovering some ground after recession fears triggered a steep sell-off on Wall Street. As of 07:03 ET (11:03 GMT), S&P 500 futures were up 14 points (0.3%), Nasdaq 100 futures had gained 72 points (0.4%), and Dow Jones futures had climbed 109 points (0.3%). The gains come after […]
Today’s Stocks to Watch: Tesla, Oracle, and Delta
Key Points To Watch Out For: Oracle (ORCL): Weak results weigh on share price Oracle shares fell 6% in premarket trading after the company reported earnings and revenue below expectations. However, its sales outlook remained positive. Delta Air Lines (DAL): Profit forecast downgrade pressures stock Delta shares declined in premarket trading after the airline lowered […]
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 […]