Bitcoin (BTC) slipped further on Thursday, extending its recent decline despite a rally in Wall Street triggered by the Federal Reserve hinting at a potential September interest rate cut. Despite the positive news, investor sentiment …
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Euro Slides as ECB Keeps Rates Steady, Dollar Gains on Strong US Data
The euro weakened against the dollar on Thursday after the European Central Bank (ECB) held interest rates steady, as widely expected. The ECB provided no clear guidance on future rate changes, leaving the market to …
Continue readingMarkets This Week: Trump, Fed, Earnings, and Economic Data to Watch
The week ahead promises a flurry of market-moving events, from political speeches to key economic data releases. Former President Donald Trump will be center stage as he formally accepts the Republican nomination at the Republican …
Continue readingFed Rate Cut Before Election? Recent Data Sparks Speculation
The recent softer-than-expected inflation report has ignited speculation that the Federal Reserve might cut interest rates before the November election. Market analysts point to the decline in both overall and core CPI as evidence that …
Continue readingTrump Shooting Could Boost His Election Odds, Investors Say
The shooting of former U.S. President Donald Trump during a campaign rally on Saturday has sparked speculation among investors about its potential impact on the 2024 presidential election. The incident has fueled conversations about how …
Continue readingYen Surges to Four-Week High Amidst Intervention Rumors
The Japanese yen has surged to its highest level in nearly four weeks against the US dollar, prompting speculation that Japanese authorities may have intervened in the market for a second day. The rally in …
Continue readingFed Chair Powell Hints at Rate Cut: “More Good Data” Needed for Easing Monetary Policy
Fed Chair Jerome Powell signaled a potential shift in monetary policy on Tuesday, suggesting that “more good data” would strengthen the case for interest rate cuts. While inflation remains above the Fed’s 2% target, recent …
Continue readingDow Surges to One-Month High on Rotation, Nasdaq Drops as Investors Eye Fed Cuts
The Dow Jones Industrial Average closed at a one-month high on Monday, fueled by a rotation out of AI-linked stocks and into laggards as investors bet on Federal Reserve interest rate cuts later this year. …
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