The world of finance is buzzing with excitement as Wall Street gears up for the arrival of a new set of cryptocurrency exchange-traded funds (ETFs) focused on Ethereum. These spot ether ETFs are poised to make their debut on the market pending approval from the U.S. Securities and Exchange Commission. Bitwise Asset Management’s Chief Investment
Potential
The dollar weakened on Wednesday following comments from Federal Reserve Chair Jerome Powell suggesting that the central bank is inclined towards cutting interest rates. Powell emphasized the need for further decreases in inflation before implementing any rate changes. This comes as economists anticipate that the Consumer Price Index (CPI) data, set to be released on
Bank of England Chief Economist Huw Pill recently addressed the possibility of an August interest rate cut, dampening expectations due to strong price pressures in Britain’s economy. This has led to uncertainty surrounding the timing of such a move, as Pill emphasized the “uncomfortable strength” of services inflation and wage growth. Despite headline inflation falling
Following Federal Reserve Chair, Jerome Powell’s cautious stance during his appearance before the House Financial Services Committee, the US Dollar experienced a slight decline. Despite indications of disinflation in the US economic outlook and market expectations of a rate cut in September, Powell emphasized the Fed’s data-dependent decisions over immediate actions, keeping investors uncertain. Importance
The recent monetary policy statement released by the Reserve Bank of New Zealand (RBNZ) has caused a significant shift in the performance of the Kiwi against its major counterparts, particularly the Australian Dollar. The RBNZ, for the eighth consecutive meeting, decided to keep its official cash rate at 5.50%. However, the surprising aspect was the
Renowned investor Bill Gross has expressed concerns about the behavior of Tesla in the market, likening it to a speculative play favored by retail investors. Gross highlighted the sagging fundamentals of Tesla coupled with its unprecedented price action, indicating a similarity to meme stocks. He views this trend as a concerning sign of the times,
After Federal Reserve (Fed) Chairman Jerome Powell’s recent statements, the US Dollar managed to regain some lost ground. Powell’s reluctance to immediately embrace rate cuts in favor of a patient approach has led to a rise in the DXY to 105.20. While the US economic outlook shows signs of disinflation, there are expectations for a
Turkey’s Statistical Institute (TUIK) has faced criticism for its handling of inflation data, particularly regarding the lack of historical price information beyond May 2022. This raised concerns about the transparency and credibility of the inflation figures, especially when the institute stopped sharing this crucial data. Despite the backlash, TUIK’s head, Erhan Cetinkaya, defended the institute’s
The recent movement in the price of gold, as depicted by the XAU/USD chart, has been quite volatile. While there was a significant rise above the $2390 level on Friday, indicating a bullish trend, the price subsequently fell to $2360 per ounce on Monday. This sudden decline suggests that the bulls were unable to maintain
The U.S. dollar is facing pressure in the currency markets after a soft jobs report and political uncertainty in France. The euro managed to hold its ground, despite sharp swings following a hung parliament in France, which indicates potential political gridlock. This outcome removes concerns about far-right or leftist victories that could have impacted fiscal
A rally in chip stocks recently lifted the Nasdaq and S&P 500 to record highs. Companies like Nvidia, Super Micro Computer, and Intel saw significant gains in their stock prices. Nvidia jumped 2.5%, while Super Micro Computer, a company that makes AI-optimized servers using Nvidia’s chips, rallied almost 9%. Intel also rallied almost 6%. This
The US Dollar experienced a decline of 0.80% last week, reaching its lowest level since mid-June. The upcoming release of the June inflation figures and Federal Reserve talks have created a sense of anticipation in the market. While there is a price in less than 10% probability of a rate cut in July, the odds
- « Previous Page
- 1
- …
- 77
- 78
- 79
- 80
- 81
- …
- 115
- Next Page »