Dollar awaits PCE release; sterling on course for quarterly gain

Bessent indicates that the US dollar drop this year is normal variance. The US still has a strong dollar policy Currencies move up and down More fiscal spending in Europe tells you that the euro should appreciate I don’t think anyone is necessarily talking about a shadow Fed One spot on the Fed will open…

As the EUR/USD chart shows today, the euro has strengthened against the US dollar, climbing above the 1.1670 level, compared to the 1.1400 area at the beginning of the month. Why Is EUR/USD Rising? According to Reuters, the US dollar’s weakness is being driven by: → Expectations of a Federal Reserve rate cut, which intensified…

April 12, 2024 / I Passed My Funded Challenge at Topstep I’m thrilled to announce that I successfully completed my funded challenge at Topstep in just 11 trading days! The whole process was steady and smooth. You might be wondering if I changed the way I usually trade to meet their requirements—honestly, not really. The…

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RBC Capital Markets moved to calm investor nerves about the competitive implications of the CFTC’s approval of bitcoin perpetual futures, arguing in a note on Tuesday that the risk posed to established exchanges, CME Group (NASDAQ: CME) and Cboe Global Markets (BATS: CBOE), remains “manageable.” The reassurance from RBC analysts came amid a strong decline…

AstroPay said Thursday that it has secured a Payment Institution (PI) license from the Central Bank of Brazil, strengthening its presence in the country’s digital financial sector. The license allows AstroPay to expand its multicurrency wallet services, offering cross-border transactions for both local and international users. With the regulatory approval, AstroPay said it aims to…