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 […]
OnEquity Announces Diamond Sponsorship for Forex Dubai Expo 2024
OnEquity is excited to announce its participation as a Diamond Sponsor at the upcoming Forex Dubai Expo 2024. The prestigious event is scheduled for October 7-8 at the Dubai World Trade Centre, bringing together key players, experts, and innovators from the financial and investment world. As one of the key sponsors, OnEquity is set to […]
Daily Technical Analysis EUR/USD: Pair Rises Above 1.1150 Amid Fed Rate Cut Bets
The EUR/USD started the week with an upward trend, trading around 1.1170. This rise was driven by the weakening U.S. dollar, due to growing expectations that the Federal Reserve will continue its easing policy in November, with the possibility of another aggressive interest rate cut. On Friday, the U.S. core personal consumption expenditure (PCE) price […]
Shiba Inu: The Unexpected Star of the Crypto Scene
Shiba Inu is not just a breed of dog from Japan; it’s also a decentralized cryptocurrency that has captured the attention of investors worldwide. Originally created as a lighthearted parody of Dogecoin, Shiba Inu has evolved into a significant player in the crypto market, positioning itself as the so-called “Dogecoin Killer.” With its innovative decentralized […]
SEC Delays Decision on Spot Ethereum ETF Trading Options
The U.S. Securities and Exchange Commission (SEC) has postponed its decision on approving a rule change to allow options trading in Ethereum exchange-traded funds. In a filing on Tuesday, the SEC announced it was extending the deadline for its decision on Nasdaq ISE’s proposal to list and trade options on the BlackRock iShares Ethereum Trust, […]
U.S. Stock Markets Fall, Federal Reserve Spokespersons in Focus
U.S. stocks and indices fell slightly on Wednesday, consolidating after reaching record highs, with attention focused on upcoming signals from the Federal Reserve regarding interest rates. The S&P 500 and the Dow Jones Industrial Average hit record highs on Tuesday, continuing the optimism triggered by the Fed’s interest rate cut the previous week. Powell Speech […]
Dollar Declines, Euro Approaches Multi-Month Highs
The U.S. dollar weakened on Wednesday, adding to last session’s losses, while the euro rose despite signs of economic weakness in the eurozone. Dollar Continues to Fall The U.S. dollar has struggled after the Federal Reserve began its rate-cutting cycle with a sizable 50 basis point reduction earlier this month. Data released Tuesday indicated that […]
Daily Technical Analysis EUR/USD: Pair Regains Ground on Dollar Weakness
EUR/USD moved away from the bearish trend and returned to touch recent high levels on Tuesday, making another unsuccessful attempt at 1.1200. The euro has little reason to rise, but the dollar’s weakness is helping to maintain the uptrend. There is little data of interest from both sides of the Atlantic on Wednesday. Euro markets […]
Interest Rate Cut Drives Cryptocurrency Investment to $321 Million
Cryptocurrency investment products saw inflows of up to $321 million in the previous week, an increase that is related to the Federal Reserve’s interest rate cuts. Bitcoin, continues to be the dominant asset, drawing the most investment attention, while altcoins remain the most important cryptocurrency direction in the market. Bitcoin at the Forefront of Cryptocurrency […]
U.S. Stocks Rise, Boeing and Bowman Speech in Spotlight
U.S. equity markets rose on Tuesday, tracking near all-time highs, in anticipation of further signals from the Federal Reserve regarding interest rates. Wall Street indexes rose slightly on Monday, with the S&P 500 and the Dow Jones Industrial Average setting new record highs at the close. Fed Speeches and PCE Data Anticipated This week, attention […]