Quick look EUR has shown notable strength against the US dollar, influenced by recent ECB and the US Federal Reserve statements. US Fed Chair Jerome Powell hinted at nearing interest rate cuts. Economic data from Germany and US retail sales, consumer sentiment, and inflation reports are expected to influence currency movements. Technical analysis suggests a …
EUR Gains on Fed Rate Cut Hints; ECB Awaits Data Read More »
Quick look Nasdaq Composite and S&P 500 hit new highs, closing at 16,091.92 and 5,096.27, respectively. Personal Consumption Expenditures price index indicates a slowdown in inflation, rising 2.4% in the past 12 months. Federal Reserve maintains interest rates with a cautious outlook on future cuts. Market optimism bolstered by chipmakers and AI stocks, with Nvidia …
Market Peaks & Tech Surge: A New High Amid Economic Calm Read More »
Quick look German unemployment rate increases, surpassing estimates of 11,000 more people seeking work. The full-year growth forecast was revised from 1.3% to 0.2% amid a weak economic environment. Inflation data for Germany awaited, with expectations of mixed trends in year-on-year and month-on-month figures. EUR/USD faces volatility, influenced by inflation data and ECB rate decisions. …
Quick look European stocks rise, with Germany’s DAX reaching a record high amid slowing inflation. U.S. inflation trends lower, boosting hopes for a Federal Reserve rate cut. CRH and other companies outperform earnings expectations, driving sector-specific gains. Amadeus faces competition in acquiring Shift4 Payments, impacting stock prices. Despite a weak German economy, the DAX’s international …
German DAX Surges: Corporate Earnings Fuel Market Optimism Read More »
Quick look Arbitrum’s TVL reaches $3.27 billion, marking an $820 million increase in two months. Blast Layer-2 network launches with over $2.3 billion in TVL and over 180,000 early access users. Despite the spot Bitcoin ETF launch, Robinhood reports users favour spot crypto trading over crypto ETFs. Blast offers 4% interest on ether and 5% …
Explosive Growth: Arbitrum & Blast Redefine Crypto Space! Read More »
Quick look Over $303 billion invested in U.S. energy financing in 2023, with a significant push from the Inflation Reduction Act. The U.S. trails only behind China in global energy investment, with China spending $676 billion. Clean-tech investments were bolstered by $131.4 billion due to IRA tax credits across 28 states, Canada, and Mexico. U.S. …
The Surge in U.S. Clean Energy and Biotechnology Investments Read More »
Quick look Bipartisan deal reached to extend government funding, preventing a partial shutdown. House expected to vote Thursday, with the Senate following, to pass a temporary funding bill. The agreement sets new funding deadlines: March 8 for 20% of the government and March 22 for the remaining 80%. The deal follows negotiations among top congressional …
Bipartisan Agreement Reached to Avert Government Shutdown Read More »
Quick Look Coinbase faced technical issues as Bitcoin soared past $60,000, reaching its highest price since November 2021. Users reported zero balances and errors in buying, selling, trading, and transferring on the website and mobile app. Coinbase assured users that their assets were safe, attributing the outage to a significant surge in traffic. The SEC’s …
Coinbase Experiences Technical Glitches Amid Bitcoin’s Surge Read More »
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