USD declares war on EUR
USD declares war on EUR Source link
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The Dollar Keeps Moving Forward
The approval by the House of Representatives of what Donald Trump called a “big and beautiful” tax-cut bill, along with a rise in the U.S. composite PMI from 50.6 to 52.1, helped the U.S. dollar regain its footing. EUR/USD fell below the 1.13 level. However, if the U.S.-born financial “contagion” spreads to the broader global…
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Analysts see bullish momentum for Moo Deng memecoin even after 11% drop
Moo Deng has dipped by double digits, although uptrend momentum remains intact. Vitalik’s backing and KRW listing boost long-term sentiment. Moon Deng must hold above the 0.618 Fibonacci retracement support level for the continuation of the bullish trend. After a splendid performance, the Moo Deng memecoin has seen its price drop by about 11.9% over…
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Shares of tech giants are falling, led by Nvidia and Tesla
Major representatives of the technology sector, including Tesla and Nvidia, led the decline in the shares of the so-called «Magnificent Seven» during pre-market trading in the United States on Monday. The reason for the downward trend was the desire of investors to lock in profits after the recent rally in shares of leading technology companies….
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STOXX 600 storms the peaks: where is the growth heading and what awaits investors
Volatility on Wall Street: Cisco shines, UnitedHealth loses ground Stock trading on Thursday ended in different directions – investors chose between tech optimism and alarming signals in the healthcare sector. Amid the wild fluctuations of April, caused by the intensification of trade confrontations between the United States and global partners, the S&P 500 index confidently…
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FIIs pump Rs 23,778 cr into Indian stocks in May. Is more buying seen ahead?
Foreign Institutional Investors (FIIs) have continued their buying spree in Indian equities, with purchases amounting to Rs 23,778 crore through May 16, 2025. This comes after a notable shift in FII strategy in April, where they reversed their selling stance and recorded net purchases of Rs 4,243 crore. The data was highlighted by Dr. VK…
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Onyxcoin price soars as 24-hour volume explodes 600%
Onyxcoin (XCN) price soared 16% as the altcoin outpaced peers. Gains for XCN came as daily volume rose by more than 600%. Most altcoins are trading green on the daily and weekly time frames amid risk-on sentiment. Onyxcoin (XCN) is outpacing most altcoins in the past 24 hours as interest in the token sends its…
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Sweden invites the EU to join the largest free trade area
At a meeting of EU foreign ministers on May 15, Sweden plans to invite the association to join the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) agreement, which unites more than a dozen Pacific Rim countries. Swedish Foreign Trade Minister Benjamin Dusa noted that this would create the largest free trade area in the world, strengthening…
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Bitcoin to outperform gold in second half of 2025: JP Morgan
Gold has been losing steam recently after it raced to record highs due to geopolitical and economic uncertainties, including tariffs. Bitcoin has been the winner, with gold being the loser in a hedge trade against currencies. The increasing number of US states and companies buying bitcoin will be another catalyst. JP Morgan analysts expect Bitcoin…
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US Market News Digest for May 14
IBM shares rise, J&J still in downtrend IBM stock continues to climb, supported by technical chart signals pointing to a potential move towards the $265.90 level. Investors are showing interest in the company’s stock, backed by strong corporate performance and a favorable technical backdrop. Meanwhile, Johnson & Johnson shares appear less resilient, remaining in a…
