The US dollar edged higher in early European trading on Tuesday, rebounding from one-month lows, as traders digested the increased likelihood that former President Donald Trump will return to the White House and the possibility that the Federal Reserve will begin cutting interest rates by September. Dollar seeks Trump’s strength The dollar rose after a […]
Outlook for the week of July 15-19
Key points to watch out for: European Central Bank Meets Amid Stagnating Inflation The European Central Bank ends its two-day policy meeting on Thursday, 19 July, but interest rates are expected to remain unchanged after being cut by 25 basis points at last month’s meeting. The June decision proved controversial, as policymakers inadvertently locked in […]
EUR/USD Short-Term Earning Potential
Another very ambitious week saw the EUR/USD pair trade with generous gains and extend its positive streak for the third week in a row, approaching the 1.0900 level. Last week was dominated by Fed Chairman Jerome Powell’s speech to Congress and the Senate, and US data gained importance for market traders. With the semi-annual testimony, […]
Is Bitcoin the Future? Unveiling the Mystery Behind the Cryptocurrency
Bitcoin was invented by Satoshi Nakamoto in 2009 along with the software that supports it. To this day, it remains a mystery whether the mind behind the name is an individual or an institution. Bitcoins are created through a process known as bitcoin mining, which we will explain in detail below. Origin and History of […]
Unveiling the Mystery: A Guide to Understanding Blockchain Technology
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 […]
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 […]