The U.S. dollar rose on Wednesday, benefiting from its safe-haven status and building on the strong gains from the previous session. This came after a missile attack by Iran on Israel, which further escalated tensions in the region. Dollar Rises Amid Middle East Escalation The turmoil in the Middle East intensified overnight, with Iran launching […]
Daily technical analysis EUR/USD: bounces back to 1.1050 after Tuesday’s decline
EUR/USD fell nearly six-tenths on Tuesday, finding a slight bounce from the 1.1050 level, as geopolitical tensions and sour economic data unnerved flows regarding risk appetite, serving to bolster the dollar and dragging Fibs to their lowest prices on record in nearly a month. Inflation in Europe as measured by the Harmonized Index of Consumer […]
OnEquity Announces Antonis Ioannou as Chief Marketing Officer
OnEquity is proud to announce the appointment of Antonis Ioannou as its new Chief Marketing Officer (CMO). With over 14 years of experience in marketing and a strong operational background in the FinTech and commercial software sectors, Antonis brings a wealth of expertise that will significantly bolster OnEquity’s marketing and strategic initiatives. “I’m genuinely excited […]
Ripple obtains preliminary license to operate in Dubai
Ripple reported on October 1 that the blockchain company has achieved another regulatory milestone in the United Arab Emirates. Specifically, the Dubai Financial Services Authority (DFSA) has granted Ripple preliminary approval, allowing the company to expand its services and strengthen its presence in the UAE and the Middle East in general. The approval means Ripple […]
U.S. stock markets down; JOLTS, ISM in spotlight
U.S. stocks were largely lower on Tuesday as investors continued to digest and analyze comments made by Federal Reserve Chairman Jerome Powell ahead of a series of crucial data releases. The Dow Jones index along with the S&P 500 index scored record highs at the close of trading on Monday, as the Federal Reserve’s decision […]
Dollar gains on Powell’s remarks; Euro falls ahead of CPI release
The U.S. dollar rose on Tuesday as Federal Reserve Chairman Jerome Powell downplayed the possibility of another deep interest rate cut, while the euro fell ahead of the release of the latest euro zone data. Jerome Powell’s upbeat tone helps the dollar Federal Reserve Chairman Jerome Powell indicated that the Fed will continue to cut […]
Outlook for the Week of September 30-04 October
Key points to watch out for: Will the Fed Decide on a Back-to-Back 50 Basis Point Rate Cut? Although the dollar declined right after the Federal Reserve decided to cut interest rates by 50 basis points, with further reductions expected for the remainder of the year, the currency traded in a consolidated manner last week. […]
Japan Plans to Update Cryptocurrency Rules and Allow Bitcoin ETFs
Japan’s financial regulators are considering reviewing and updating their existing rules for the cryptocurrency sector to make them less stringent, according to recent reports. Bloomberg reported on Monday, citing an anonymous Financial Services Agency (FSA) official, that Japan is contemplating changes to its cryptocurrency regulations. The reform of Japanese regulations is expected to take place […]
U.S. Stock Markets Down Slightly, Powell’s Speech in the Spotlight
U.S. stocks declined on Monday, although September is still expected to be a positive month. Investors are looking for signals from Federal Reserve Chairman Jerome Powell regarding potential future interest rate cuts. The last trading day of the month may start on a slightly bearish note. However, the Fed’s decision to cut interest rates by […]
Dollar Stabilizes Ahead of Powell’s Speech and Payroll Data
The U.S. dollar stabilized on Monday as market traders await Federal Reserve Chairman Jerome Powell’s speech later in the day ahead of Friday’s key jobs report. Dollar on Payrolls Watch The U.S. dollar stabilized on Monday as market traders awaited Federal Reserve Chairman Jerome Powell’s speech later in the day, ahead of Friday’s key jobs […]