Today’s Forex Market: Attention turns to Eurozone inflation and important US data
So, here’s what’s happening on Thursday, February 4th. Major currency pairs were rather quiet early on Wednesday as investors prepared for some critical macroeconomic data. Eurostat is set to release the January inflation figures later, while the U.S. economic calendar features private sector employment data and PMI data from the Institute for Supply Management. On […]
EUR/USD holds steady over 1.1800 before Eurozone CPI and US data
The EUR/USD pair has had a tough time taking advantage of a slight recovery from the prior day’s low of around 1.1780-1.1775, still holding within a tight range during Wednesday’s Asian trading. Currently, it’s hovering near the 1.1815 mark, showing little change today, as traders eagerly anticipate the upcoming Eurozone Consumer Inflation Report. Preliminary estimates […]
Banks look for fresh investors for Oracle data center loans
Banks are actively seeking investors, including insurance firms and private credit funds, to offload billions in loans connected to Oracle’s extensive data center initiatives. Reports suggest that there are around $56 billion in construction loans linked to data centers, rated as investment grade due to future leases associated with a significant $300 billion agreement with […]
Voters Are More Optimistic About the Economy, Supported by the Data.
Economic Sentiment Shifts Under Trump Administration A year into the Trump administration, many Americans are gradually emerging from the economic struggles that characterized the end of the Biden administration. Increasing numbers of voters are feeling more positive about the economy, and a growing share believe their own financial situations are improving. According to recent data, […]
October 10 Marked the Beginning of the Bitcoin Bear Market, According to On-Chain Data
Bitcoin’s Bear Market Triggered by Major Liquidation Event On October 10, 2025, Bitcoin’s downturn began, marked by what has been described as the largest liquidation event in cryptocurrency history. Around $19 billion in futures contracts were liquidated as prices fell sharply from their previous highs. According to CryptoQuant contributor Darkfost, the impact wasn’t just directional; […]
Jim Cramer mentions that Eli Lilly “might reveal new data, which could boost the stock.”
Eli Lilly’s Market Moves Eli Lilly & Company, traded under NYSE: LLY, is gaining attention in the market lately. Jim Cramer recently mentioned this stock in a discussion about factors that influence stock prices. On Wednesday morning, Eli Lilly shared updates. While the revenue figures aren’t the main story, new information on GLP-1 clinical trials […]
EUR/USD remains down after robust US data and the US-India agreement
The euro (EUR) has given back earlier gains against the US dollar (USD) on Tuesday, dipping below the 1.1800 mark to trade at around 1.1780. This change followed robust US manufacturing data and news of a trade agreement between the US and India, which bolstered the USD on Monday, easing fears surrounding a possible US […]
Electricity needs for data centers in the US expected to rise by 133% by 2030
Artificial intelligence and data centers are being pointed to as key factors driving up electricity costs across the United States. As of December 2025, consumers are facing electricity bills that are 42% higher than they were ten years prior. Calvin Butler, CEO of Exelon, commented, “When demand increases and supply is inadequate, costs go up, […]
EUR/USD Forex Signal 02/02: Poised for a Recovery Before US Employment Data
Created on February 2, 2026 Bullish View Consider buying the EUR/USD pair, setting your take profit at 1.2000. Implement a stop loss at 1.1700. Timeframe: 1-2 days. Bearish View Think about selling the EUR/USD pair, aiming for a take profit at 1.1700. Set a stop loss at 1.2000. The EUR/USD rate took a noticeable dip […]
Data from Bitcoin miners shows the extent of disruptions caused by the winter storm in the US.
Impact of January Storm on Bitcoin Mining Operations Recent data sheds light on the effects of the winter storm that hit the U.S. back in January, particularly how it impacted Bitcoin mining. Publicly traded miners saw a significant decline in daily production during this period. The storm affected a large portion of the continental United […]