Key Points To Watch Out For: Illumina (ILMN): China’s Export Ban Pressures Shares Illumina shares fell nearly 3% in premarket trading after China banned exports of its gene sequencers in response to new U.S. tariffs. The move escalates trade tensions between the two economic superpowers, raising concerns about supply chain disruptions in the biotech sector. […]
U.S. Stock Futures Stabilize After Tariff-Induced Selloff, Major Retailers Report Earnings
US stock index futures stabilized on Tuesday after heavy losses in the previous session, triggered by President Donald Trump’s confirmation of new tariffs on Canada and Mexico, which fueled fears of a global trade war. At 11:20 CET (05:20 ET), Dow Jones futures were down 30 points (0.1%), S&P 500 futures were down 2 points, […]
Dollar Declines Amid Growth Concerns, Euro Strengthens on Increased Defense Spending
The US dollar fell on Tuesday, pressured by increased trade tensions and signs of economic slowdown, while the euro held firm despite the pause in US military aid to Ukraine. At 04:30 ET (09:30 GMT), the dollar index, which measures the currency’s performance against a basket of six currencies, was down 0.5% to 106.160. Growth Concerns […]
Outlook for the Week of March 03 – 07
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 impact of the German elections on the euro to the critical U.S. PCE inflation data, traders and financial professionals will want to keep a close eye on […]
Crypto Leaders Criticize Trump’s Strategic Reserve for Including Altcoins
President Donald Trump’s announcement of a strategic cryptocurrency reserve in the United States has sparked intense debate within the industry. While the initiative aims to strengthen the country’s leadership in the crypto sector, many experts argue that Bitcoin (BTC) should be the sole reserve asset. Controversy Over Asset Selection According to the official announcement, the […]
Today’s Stocks to Watch: Coinbase, Capri, and BAE
Key Points To Watch Out For: Coinbase (COIN); MicroStrategy (MSTR): Crypto Rally After Trump Comments Coinbase and MicroStrategy shares rose in early trading after Donald Trump suggested cryptocurrencies could be part of a strategic reserve in the U.S. The news fueled a weekend rally in the crypto market. Capri (CPRI): Agreement with Prada Sends Shares […]
US Stock Futures Rise After Trump’s Tariff Decisions
U.S. stock index futures traded slightly higher on Monday, following sharp declines in February, as investor sentiment remained cautious ahead of new tariffs set to take effect this week. As of 05:05 ET (10:05 GMT), Dow Jones Futures were up 55 points (+0.1%), S&P 500 Futures gained 15 points (+0.3%), and Nasdaq 100 Futures advanced […]
Dollar Falls, Euro Rises on Expectations of a Peace Deal in Ukraine
The U.S. dollar weakened on Monday while the euro climbed, as European leaders spearheaded diplomatic efforts to broker a peace deal between Ukraine and Russia. As of 04:00 ET (09:00 GMT), the Dollar Index, which measures the greenback against a basket of six major currencies, fell 0.3% to 107.245, retracing some of last week’s 0.7% […]
Daily Technical Analysis EUR/USD: Pair Rises Above 1.0400 Ahead of EU Inflation Data
The EUR/USD halted its three-day decline, trading near 1.0410. The pair’s recovery is supported by a softer US Dollar (USD) following the release of January’s Personal Consumption Expenditures (PCE) inflation data, which aligned with expectations and eased concerns about unexpected inflation spikes in the US. US Inflation Data Eases Market Worries The PCE inflation report […]
Cardano Unleashed: The Blockchain Revolution Redefining Crypto
From finance to the arts, blockchain technology has become a guiding light in many industries. Yet, its decentralized structure presents several challenges, particularly in building a secure and efficient network for managing global transactions. Charles Hoskinson, the co-founder of Ethereum, addressed these challenges by creating Cardano, a blockchain platform designed to tackle these issues with […]