By Karen Brettell NEW YORK (Reuters) – The dollar hit a four-week high on Tuesday, ahead of a highly anticipated inflation report that is likely to influence the timing of the first rate cut by the U.S. Federal Reserve, while the euro was pressured by political uncertainty in the region. Stronger-than-expected jobs gains and higher…
Three U.S. senators have urged Federal Reserve Chair Jerome Powell to cut interest rates, arguing that high rates stifle the economy and raise housing and auto insurance costs, which are key inflation drivers. They warn that prolonged high rates risk a recession and increased unemployment, calling for immediate rate cuts to stabilize the economy. Senators…
TLDR Ethena Labs’ USDe adoption propels Ethena (ENA) to become the fourth-largest stablecoin, sparking a 40% price surge. FLOKI reaches a new all-time high with a 90% increase, boosted by a $12 million investment from DFW Labs. Milei Moneda ($MEDA) gains traction with a promising presale and potential 50x price increase. Recent developments have pushed…
Quick Overview Petoshi: A Chrome extension DApp gamifying Twitter by allowing users to adopt and interact with virtual pets, earning cryptocurrency rewards. Virtual pets, farming rewards, feed mechanism, and social interaction, enhancing user engagement and community spirit. PET token ICO on Blast blockchain, with upcoming listings on BitMart, Gate.io, and MEXC on June 13, 2024….
Quick Look Funding and Valuation: AgoraHub raised $1M in its seed round, aiming for a $20M valuation. Ecosystem Highlights: Central to AgoraHub are the GameFi Hub, AgoraDEX, Loot Box System, and Digital Identity. Tokenomics: AGA token is at $0.08, with public sales targeting over $840K, involving a structured lockup and vesting period. Team and Advisors:…
Traders Workshop – For Real Success – You Need To Learn From The Best! Complete Trading School by Vladimir Ribakov Hi Traders! Oil short term forecast follow up and update is here. On May 2nd I shared this “Oil Technical Analysis And Short Term Forecast” post in our blog. In this post, let’s do a recap of this…
By ForexTime Bitcoin, Ethereum falling over 3% each today Markets angsty ahead of Wednesday’s US CPI, Fed decision Avalanch has seen biggest up/down moves post-CPI Dogecoin, Solana historically more reactive to Fed meetings Traders could profit from big crypto volatility mid-week The world’s 2 largest cryptos, Bitcoin and Ethereum, are both falling over 3% each!…
USDJPY remains constructive and probing above 157 barrier (the upper borderline of triangular consolidation and Fibo 61.8% of 160.19/151.85 bear-leg), but ranges are narrowing ahead of key releases this week – US inflation report and Fed rate decision, both due on Wednesday. The dollar stands at the front foot following stronger than expected US jobs…
EURUSD Analysis – Buyers Plan to Take Over EURUSD loses buy string down to 1.07250 significant level. The market has experienced a significant downturn, posing a threat to buyers. This indicates a weakening euro compared to the US dollar. Despite attempts by buyers to push the price above 1.09800, the sellers have exerted pressure, leading…
Image source: Getty Images The best way to gain exposure to equity markets is to invest in low-cost passive funds that track indices such as the S&P 500. In the last six decades, the S&P 500 index has returned more than 10% annually after adjusting for dividend reinvestments. So, it makes sense for investors to…