U.S. stocks declined on Tuesday amid caution ahead of the start of the Federal Reserve’s latest meeting and the release of important inflation data later in the week. The major U.S. averages posted new all-time highs on Monday, with the S&P 500 and Nasdaq Composite reaching new records, while the Dow Jones Industrial Average rose […]
Dollar loses ground ahead of inflation, Fed meeting
The U.S. dollar retreated on Tuesday from a one-month high as yields fell ahead of key inflation data and the latest Federal Reserve meeting. Dollar retreats ahead of CPI and Fed meeting The dollar was buoyed by Friday’s better-than-expected jobs report and rising Treasury yields as traders lowered estimates for rate cuts by the Federal […]
Outlook for This Week’s Most Important Economic Events
Key points to watch out for: Focus on the Fed and US CPI data With the resumption of declining US inflation trends for April and the disappointing ISM manufacturing PMI for May, investors remain confident that the Federal Reserve will start lowering interest rates sometime this year. They currently estimate about two quarter-point cuts between […]
Cardano set for an upgrade this June in preparation for the next hard fork
Cardano is making preparations for its next key update. This June is expected to see the release of Cardano Node version 9.0, a preview in anticipation of the next Cardano hard fork, named Chang. Cardano founder Charles Hoskinson, a well-known figure in the cryptocurrency world, took to his social networks to share details about the network’s upcoming […]
Daily technical analysis GBP/USD: Attempts to break the rising trend
According to the results of the economic calendar, market analysts are divided over the number of rate cuts Federal Reserve officials will indicate for 2024. This division follows recent inflation figures that showed inflation remains elevated. In the big picture, policymakers may step back from their estimates of U.S. rate cuts this year, although it […]
U.S. stock markets fall ahead of Federal Reserve meeting and inflation release
Stocks in U.S. equity markets weakened on Monday, shedding some of last week’s significant gains ahead of this week’s Federal Reserve meeting, as well as key inflation-related data. Wall Street’s major indexes posted some losses on Friday, as a blowout nonfarm payrolls report prompted markets to rethink expectations for the central bank’s rate-cutting cycle. Increasing […]
Euro falls due to political instability; dollar awaits Fed meeting
The euro fell on Monday, hitting one-month lows due to increased political instability and uncertainty in the region, while the U.S. dollar awaits the Federal Reserve’s meeting later this week. Euro plummets on political instability Following the results of the European Parliament elections, which ended on Sunday, the euro fell as Euroskeptic nationalists made the […]
Bitcoin ETFs experience inflows of almost USD 900 million on their second-best day since March
If this continues, Bitcoin ETFs may break their inflow record this week. Meanwhile, spot Ethereum ETFs are poised to enter the U.S. market. U.S. spot Bitcoin ETFs are posting their longest streak of inflows since inception, recording their 16th consecutive session of positive inflows on Tuesday. The 11 spot Bitcoin-based ETFs in the U.S. market […]
U.S. Stocks Gain on Slower ADP Payroll Growth, Fueling Rate Cut Speculation
U.S. stocks posted gains on Wednesday as weak labor market data fueled hopes that the Federal Reserve will cut interest rates to support growth this year. Private payrolls disappointed in May Private payrolls grew at a slower-than-expected pace in May, with firms adding 152,000 workers, down from a downwardly revised 188,000 last month, according to […]
Daily technical analysis EUR/USD: Anticipation of rate cuts in Europe
The euro rose against all G10 currencies after euro zone inflation beat estimates. The US dollar surrendered after a personal consumption expenditures reading that fell below estimates, which will be welcomed by Federal Reserve policymakers eager to cut interest rates before the end of the year. The European Central Bank (ECB) is expected to cut […]