The U.S. dollar gained ground on Tuesday, reversing some of its recent losses as some calm returned to currency markets. Dollar Recovers After Heavy Losses In recent weeks, the dollar has been significantly affected by fears of a possible U.S. recession after a series of weak labor market data, which has triggered bets that the […]
Outlook for the Week of August 05-09
Key points to watch out for: Will the Reserve Bank of Australia Turn to a Dovish Course? After the decisions of the Bank of Japan, the Federal Reserve, and the Bank of England last week, the central bank torch will be passed to the Reserve Bank of Australia, which will announce its decision on Tuesday, […]
Dollar Falls on Recession Fears; Yen and Swiss Franc Gain
The U.S. dollar fell sharply on concerns about U.S. economic growth, while the Swiss franc and Japanese yen saw strong safe-haven demand. Dollar Loses Ground on Recession Fears The dollar’s sell-off came after data released on Friday showed a significant cooling in U.S. job creation in July, and U.S. Treasury yields fell as traders began […]
OnEquity Wins Award for Most Reliable Forex Broker at AtoZ Awards 2024
OnEquity, a premier global brokerage firm, has been honored with the “Most Reliable Forex Broker” award at the AtoZ Awards 2024. This recognition underscores OnEquity’s unwavering commitment to providing exceptional trading services and maintaining a secure, transparent environment for its clients. The AtoZ Awards are renowned for celebrating excellence and innovation in the financial industry. […]
Market Highlights for the Week: Economy, Markets, Oil
Concerns about the economy continue, especially over fears that the Federal Reserve has kept interest rates high for too long, hurting growth. More high-profile earnings reports are expected, and oil prices look set to remain volatile due to a combination of recession fears and geopolitical risks. Here’s a look at what will happen in the markets this week. U.S. Data […]
Trump Plans to Use Cryptocurrencies to Pay Off U.S. Debt and Lead the Sector
Former President Donald Trump recently hinted at the potential usefulness of cryptocurrencies to pay down the $35 trillion U.S. national debt. In an interview on Fox Business and at the Bitcoin2024 Conference, Trump argued that the cryptocurrency sector could play a role in the national financial strategy, although he did not provide specifics on how […]
U.S. Stock Markets Plunge on Economic Worries and Tech Slump
U.S. stock indexes fell sharply on Monday during the European session amid growing concerns about an economic slowdown, with technology stocks being hit the hardest. Fear of economic slowdown hits Wall Street The sharp losses in Wall Street futures came after U.S. stock markets had been rattled the previous week on fears of a possible […]
Daily Technical Analysis EUR/USD: Ahead of 1.0900 as Weak NFP Data Weighs on the Dollar
The EUR/USD extended its rally near the 1.0915 level at the start of the Asian session on Monday. The price rise is favored by the weakening of the dollar after poor employment data in the United States. Market traders will pay special attention to the German HCOB Purchasing Managers’ Index (PMI) along with the Eurozone […]
Understanding Proof of Stake (PoS): The Future of Blockchain Consensus
Today, Proof of Stake is by far the most well-known option for blockchain networks. However, with the variety out there, it can be a daunting task to understand its main concepts. Currently, it is unlikely that you will encounter it in its original form. However, all Proof of Stake models share the same important precepts. […]
Senator Lummis Introduces Bill to Establish a Bitcoin Reserve in the U.S.
The bill, abbreviated as the “BITCOIN Act of 2024,” calls for the U.S. Treasury to purchase bitcoins over a 5-year period until a pool of 1,000,000 BTC is achieved. The plan to incorporate Bitcoin (BTC) into the U.S. national reserves is beginning to take shape. U.S. Senator Cynthia Lummis has advanced the first draft of a bill that […]