The dollar regained ground in the European trading session on Wednesday after the previous day’s decline, as market participants closely watched for further signals about the Federal Reserve’s future monetary policy intentions. Slowing economic growth weighs on the dollar The easing of tensions in the Middle East, after Iran signaled that it does not want to […]
PayPal’s Blockchain Research Group, in collaboration with non-profit
This week, PayPal’s Blockchain Research Group, in collaboration with the non-profit organization EnergyWeb, unveiled a new initiative to incentivize Bitcoin miners to employ clean energy in their operations. The project offers a financial reward to network participants who commit to and certify an environmentally friendly approach. Bitcoin mining is a procedure in which participants, known […]
U.S. stocks trade higher; earnings in focus, with Tesla leading among tech giant
U.S. stocks are pointing to a rally on Tuesday as investors digest a flurry of quarterly earnings ahead of the release of results from some of the country’s most prominent tech companies later in the week. The easing of concerns about a major conflict in the Middle East, following Iran’s lack of immediate response to Israel, has […]
Dollar flat, Euro gains on PMI data
The U.S. dollar remained flat during Tuesday’s European session, while a rebound in Europe’s service sector activity for April boosted the euro. Dollar Declines Amid Weakening Safe-Haven Sentiment The easing of tensions in the Middle East in recent days, as Iranian Foreign Minister Hossein Amirabdollahian has signaled that the Islamic Republic has no intention of […]
New York Stock Exchange wants to mimic Bitcoin
The New York Stock Exchange (NYSE), the world’s largest securities trading organization by market capitalization, is considering changing its trading hours to resemble those of cryptocurrencies, providing investors the option to trade stocks 24/7. According to a Financial Times story published on Monday, Intercontinental Exchange, the company that owns the New York Stock Exchange, reportedly conducted […]
Dollar unchanged ahead of inflation report
Amid global currency evaluations, the U.S. dollar remained stable today. This quiet trading day comes as geopolitical tensions in the Middle East appear to be easing and as markets anticipate the release of the Federal Reserve’s preferred inflation indicator next Friday. The dollar remains unchanged in anticipation of the inflation report The dollar reached new […]
Tether Announces Expansion Beyond Stablecoins
With the new divisions, Tether wants to achieve its mission to expand and be able to offer a variety of new infrastructure, services and investment solutions. The stablecoin with the largest market capitalization is restructuring to introduce new departments beyond stablecoin development. Tether has launched a new framework introducing four new divisions: Tether Data, Tether […]
Dollar Falls, Pound Rises, Yen Remains Weak
The U.S. dollar loses value today and retreats after reaching highs, while the British pound gains ground after UK CPI came in lower than expected in March. Dollar falls but maintains its strength The dollar, considered a safe haven, hit new highs on Tuesday, just after Federal Reserve (Fed) Chairman Jerome Powell signaled that interest […]
Powell speaks, ASML earnings, UK inflation: what’s moving the markets?
Federal Reserve Chairman Jerome Powell indicated that interest rates could remain high for a while longer, although stock market futures point to a positive opening on Wall Street. Inflation in the United Kingdom has fallen again, while chipmaker ASML announced strong sales in China. Federal Reserve Chairman’s speech The possibility that the Federal Reserve (Fed) […]
U.S. stock futures mixed; Middle East, earnings and bond yields take center stage
U.S. stock index futures are trading mixed on Tuesday, with investors monitoring ongoing geopolitical tensions in the Middle East, rising bond yields, and the active quarterly earnings season. Wall Street’s major indexes posted significant losses on Monday, extending last week’s declines, as a series of bearish signals prompted investors to take profits following the strong […]