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Stocks Close a Bit Lower as Markets Anticipate the Fed

Stocks Close a Bit Lower as Markets Anticipate the Fed

The S&P 500 index closed down 0.13% on Tuesday, while the Dow Jones Industrials Index saw a decline of 0.27%. The Nasdaq 100 Index also ended the day down by 0.08%. Meanwhile, September e-mini S&P futures and September e-mini Nasdaq futures experienced slight declines of 0.11% and 0.04%, respectively. The stock indices retreated from earlier […]

Forex Today: The quiet before the BoC and Fed activity

Forex Today: The quiet before the BoC and Fed activity

Key Updates for September 17th Here’s the latest for today: There’s quite a bit of market buzz as global indices react ahead of significant announcements from major central banks, particularly the eagerly anticipated US Federal Reserve policy decisions. We’re seeing signs of a softening labor market in the US alongside persistent inflation, which has resulted […]

Are Bitcoin Traders Already Factoring in a Fed Rate Cut?

Are Bitcoin Traders Already Factoring in a Fed Rate Cut?

Simply put The market anticipates a reduction in interest rates by the Federal Reserve on Wednesday. Bitcoin prices have increased this week, but some analysts are skeptical about whether the announcement will boost asset values. Analysts suggest that traders will focus more on Federal Reserve Chairman Jerome Powell’s comments following the rate decision. Bitcoin tends […]

Bitcoin Slumps as US Action on Venezuela Creates Turmoil Before Fed Meeting

Bitcoin Slumps as US Action on Venezuela Creates Turmoil Before Fed Meeting

Simply put The US has conducted two strikes against a vessel suspected of drug trafficking in Venezuela, resulting in the deaths of 14 people, including President Maduro. Despite the geopolitical unrest, analysts have observed Bitcoin prices remaining relatively stable at around $115,018, but caution traders to watch their resistance and support levels closely. A large […]

Trump challenges decision that prevents him from dismissing Fed governor Cook

Trump challenges decision that prevents him from dismissing Fed governor Cook

Trump Administration Appeals Court Ruling on Lisa Cook’s Removal On Tuesday, the Trump administration announced plans to appeal a recent lower court decision blocking President Trump’s attempt to remove Lisa Cook from her position in the federal government. This move is set to reach the Supreme Court. White House officials confirmed that they would seek […]

EUR/USD rises further as expectations of Fed easing increase risk appetite

EUR/USD rises further as expectations of Fed easing increase risk appetite

The euro reached a new two-month peak at 1.1800, bolstered by a declining US dollar. Expectation for a significant shift by the Federal Reserve is weighing on the dollar. Bulls in the EUR/USD pair are facing resistance around 1.1790, eyeing a long-term target of 1.1830. On Tuesday, the EUR/USD pair gained for the fourth straight […]

Forex Update: US Dollar stays weak ahead of Fed, Gold reaches new record-high

Forex Update: US Dollar stays weak ahead of Fed, Gold reaches new record-high

Key Updates for Tuesday, September 16th US Dollar (USD) is expected to experience some downward pressure early Tuesday as traders adjust their positions for the Federal Reserve’s important two-day policy meeting. On the first, various data will be released, including August’s retail sales figures and import/export price indexes. This Week’s US Dollar Performance The following […]

Court Allows Fed Governor Lisa Cook to Remain — For Now

Court Allows Fed Governor Lisa Cook to Remain — For Now

Appeals Court Rules in Favor of Federal Reserve Governor A three-judge appeals panel announced on Monday that it has ruled in favor of Federal Reserve Governor Lisa Cook in her ongoing legal battle with former President Donald Trump. Last week, Trump requested that a federal appeals court temporarily block a lower court’s injunction from September […]