U.S. stock index futures rose on Wednesday as investors remained cautious ahead of key consumer inflation data and quarterly earnings reports from major banks. Wall Street indices experienced a turbulent session on Tuesday, weighed down by persistent weakness in technology stocks. The indices have shown a lackluster start to the year, extending their decline from […]
Dollar Depreciates in Light of CPI, Pound Stabilizes
The U.S. dollar declined on Wednesday amid a cautious environment ahead of the release of U.S. consumer prices, while sterling lost ground after the release of positive inflation data. The dollar index, which tracks the greenback against a basket of six currencies, was trading 0.2% lower at 108.895, off more than two-year highs set earlier […]
Daily Technical Analysis EUR/USD: Looks Up From Lows Amid CPI Data
The EUR/USD managed an intraday rally on Tuesday, climbing more than 0.8% on the day, as optimism emerged among euro buyers regarding a potential deal in France that could avert a governmental collapse. Market sentiment improved further, fueled by Fib buying after the U.S. Producer Price Index (PPI) inflation showed a much slower rise than […]
Top Italian Bank Buys $1 Million Worth of Bitcoin: Report
Intesa Sanpaolo, Italy’s largest bank by assets under management and market capitalization, has taken a significant step into the cryptocurrency space with its first-ever Bitcoin purchase. The bank reportedly invested €1 million (approximately $1 million) in Bitcoin, according to an internal note cited by Bloomberg and other media outlets. “As of today, January 13, 2025, […]
Today’s Stocks to Watch: MicroStrategy, KB Home, and Angi
Key Points To Watch Out For: MicroStrategy (MSTR): Bitcoin-Driven Recovery MicroStrategy led market rallies, propelled by Bitcoin’s recent price surge. Known for its substantial cryptocurrency holdings, the company saw its shares appreciate even before the market opened. This rise reflects investor optimism about how the Bitcoin rally may positively impact MicroStrategy’s balance sheet, particularly amid […]
U.S. Stock Futures Rise; Trump Tariffs, Inflation Data Take Center Stage
U.S. stock index futures rose on Tuesday, buoyed by easing fears over aggressive trade tariffs under President-elect Donald Trump and ahead of crucial inflation data releases. Dow Jones futures were up 150 points, about 0.4%, S&P 500 futures were up 30 points, about 0.5% and Nasdaq 100 futures gained about 135 points, or 0.7%. Wall […]
Dollar Falls on PPI Expectations, Pound Under Pressure
The U.S. dollar declined on Tuesday, weighed by uncertainty over President-elect Donald Trump’s monetary policy stance. However, it remained near two-year highs ahead of the release of key inflation data for the week. In early trading, the dollar index, which tracks the greenback against a basket of six other currencies, was trading about 0.4% lower […]
Outlook for the Week of January 13 – 17
Key Points to Watch Out For: U.S. CPI Likely to Stay Elevated The Federal Reserve made limited headway in curbing inflation throughout 2024, with most indicators ending the year slightly below their starting points. Policymakers aimed for a 2.0% inflation target but faced persistent price increases hovering around 3.0%. November’s CPI data showed encouraging signs […]
Shiba Inu Launches “WHY Combinator”: Boosting Web3 Innovation and BONE Functionality
Shiba Inu lead developer Shytoshi Kusama has unveiled WHY Combinator, a decentralized initiative designed to foster innovation within the memecoin ecosystem while enhancing the utility of the ecosystem’s BONE token. Shiba Inu: “WHY Combinator” to Power Memecoins In a January 11 blog update, Kusama provided details about the WHY Combinator initiative and shared updates on […]
Today’s Stocks to Watch: Nvidia, Tesla, and U.S. Steel
Key Points To Watch Out For: Nvidia (NVDA), Tesla (TSLA), MicroStrategy (MSTR): Impact of Rising Bond Yields The rally in bond yields is placing pressure on high-value technology stocks, including Nvidia and Tesla, which are seeing pre-market declines. Speculative assets such as MicroStrategy, known for its significant Bitcoin holdings, are also feeling the strain. Investors […]