Blockchain technology is one of the most innovative and disruptive concepts in recent times. However, it is sometimes difficult to understand. What is a blockchain? What differentiates it from cryptocurrencies? How does the blockchain work? What are its advantages? How does a node in the network work? Don’t worry because we have put together this […]
Bitcoin ETFs experience the biggest inflows in a month in the midst of a positive streak
US spot Bitcoin exchange-traded funds (ETFs) are showing signs of recovery despite ongoing price turmoil in the cryptocurrency market. The 11 ETFs with direct exposure to Bitcoin in the United States experienced their third straight session of daily net equity inflows of about USD 216 million on Tuesday, after seeing the largest inflow in a […]
US stocks rise ahead of Powell’s second day of remarks
US stocks rose slightly on Wednesday, managing to stabilise after new record highs before hearing more comments from Federal Reserve Chairman Jerome Powell. Both the S&P 500 and the Nasdaq Composite made new all-time highs on Tuesday, even though their pace of gains appeared to slow considerably. Gains were also largely driven by technology stocks, […]
Dollar steady awaiting Powell Mark II; euro on watch for French politics
The US dollar stabilized in early European trading on Wednesday, hovering near a three-week low after Federal Reserve Chairman Jerome Powell’s first of two speeches on Capitol Hill, while the euro steadied amid ongoing political uncertainty in France. Dollar Awaits Powell’s Second Speech The dollar traded in a tight range on Wednesday after hearing Jerome […]
Daily technical analysis EUR/USD: The pair remains stable
The euro started the week on a softer note, although the outcome of the elections in France did not prove to be a hard blow, and the single currency may continue its recovery in the short term. The EUR/USD exchange rate softened on Monday after the results of the French elections and an unexpected result […]
Powell Refrains From Giving A Timetable For Rate Cuts In Senate Appearance
In testimony before the Senate Banking Committee, Fed Chairman Jerome Powell kept the Fed’s options open regarding when the central bank will cut interest rates, something markets believe will likely happen in September. He told senators that he does not expect a hike to be the next step, but declined to give a timetable for […]
Trump and GOP to Curb Cryptocurrency Restrictions
While not listed as a top priority, the Republican National Committee adopted a platform that aims to support digital innovation. Former President Donald Trump’s Republican Party has officially taken on a platform that will support innovation in cryptocurrencies, according to a document released Monday by the Republican National Committee. The platform lays out the party’s priorities as presumptive presidential […]
U.S. stock markets rise; Powell testimony looms
U.S. stock indexes rose on Tuesday as rising expectations of a rate cut in September lifted Wall Street ahead of Federal Reserve Chairman Jerome Powell’s testimony. The S&P 500 and Nasdaq Composite hit record highs on Monday, adding to recent gains as traders priced in the likelihood that the Federal Reserve will begin cutting interest […]
Dollar rises on Powell’s remarks; euro stabilizes
The U.S. dollar edged higher in early European trading on Tuesday, bouncing from its lows in anticipation of Federal Reserve Chairman Jerome Powell’s Senate testimony, while the euro has held firm amid the volatile political situation in France. The dollar bounces ahead of Powell’s Senate testimony. The dollar has rebounded a bit on Tuesday, but […]
Outlook for the Week of July 08-12
Key points to watch out for: Euro Investors Are Keeping an Eye on the French Elections Currency market traders will be on the edge of their seats on Sunday, in anticipation of Monday’s opening and the impact the second round of the French election will have on the market. The far-right National Rally (RN) party […]