The EUR/USD continues its downtrend for the fifth consecutive session, trading around 1.0240. The pair appears to face persistent pressure as the U.S. dollar strengthens, buoyed by better-than-expected employment growth in the U.S. for December. U.S. Labor Market Data Bolsters the Dollar Data released on Friday by the U.S. Bureau of Labor Statistics revealed that […]
The Consumer Price Index Decoded: A Guide for Investors and Savers
The CPI, also known as the Consumer Price Index, is one of the most critical economic indicators in the market. This article explains what it is, how it is calculated, and how it affects investments. The Consumer Price Index, often abbreviated as CPI, measures the price variations of a representative basket of goods and services […]
Today’s Stocks to Watch: Moderna, Nvidia, and Plug Power
Key Points To Watch Out For: Cal-Maine Foods (CALM): Profits Boosted by Price Hike Cal-Maine Foods, the largest U.S. egg producer, saw a 4% increase in after-market trading following better-than-expected quarterly earnings. This performance was driven by elevated egg prices due to the avian flu outbreak, which significantly reduced the poultry population. The company’s resilience […]
U.S. Stock Futures Rally on Rate Concerns, Exxon Mobil Suffers on Earnings
U.S. stock index futures rose on Wednesday, recovering from significant losses driven by increased uncertainty surrounding the Federal Reserve’s pace of future interest rate cuts. Dow Jones futures climbed about 135 points, or 0.3%, S&P 500 futures gained 20 points, or 0.4%, and Nasdaq 100 futures added 87 points, or approximately 0.4%. On Tuesday, Wall […]
Dollar Higher on Rising Treasury Yields, Euro Lower on Weak Data
The U.S. dollar strengthened on Wednesday, supported by rising Treasury yields after positive U.S. economic data, while weak industrial orders in Germany weighed on the euro. Today, the Dollar Index, which compares the performance of the U.S. dollar against a basket of six other currencies, was trading 0.3% higher at 108.690. Dollar Rallies as Treasury […]
Daily Technical Analysis EUR/USD: Pair Declines Again, Remains Distant From Key Technical Levels
The EUR/USD pair dropped on Tuesday, losing nearly four-tenths of a percentage point after a failed recovery attempt to breach the 1.0400 level. The pair continues to trade just above the 26-month lows reached last week, though the rebound remains modest. Euro bulls face increasing urgency for a reversal as the Fib retracement levels indicate […]
U.S. Stocks Trade Higher, Nvidia and Employment Data Take Center Stage
U.S. stocks rose on Tuesday, extending a rally in technology stocks as investors awaited crucial economic data. In Tuesday trading, the Dow Jones Industrial Average was up nearly 100 points, or 0.2%, the S&P 500 Index was up nearly 23 points, or 0.4%, and the NASDAQ Composite was up 65 points, or 0.3%. Wall Street […]
Governor of the Czech National Bank Considers Bitcoin a Forward-Looking Reserve
Central bank governor Aleš Michl recently stated that he is considering investing in Bitcoin as part of the bank’s diversification strategy. The governor of the Czech National Bank, Aleš Michl, suggested the possibility of including Bitcoin in the country’s foreign exchange reserves, highlighting growing governmental interest in cryptocurrency as a potential savings technology. In an […]
Today’s Stocks to Watch: Foxconn, Nvidia, and Plug Power
Key Points To Watch Out For: Nvidia (NVDA) Fuels Tech Sector Momentum Nvidia CEO Jensen Huang unveiled a suite of new artificial intelligence products at a technology event in Las Vegas, drawing significant market attention. The announcement pushed Nvidia shares up by 1% in pre-market trading, extending Monday’s bullish streak. Nvidia continues to solidify its […]
Dollar in Decline, Euro Eyes Inflation Data
The U.S. dollar declined on Tuesday, hitting a one-week low after reports suggested President-elect Donald Trump’s tariff policies could be more lenient than initially expected. Meanwhile, the euro gained ground ahead of crucial inflation data. The dollar index, which tracks the U.S. currency against a basket of six other currencies, was trading 0.3% lower at […]