Forex Today: Focus on US housing statistics and Canada’s inflation report
Market Overview for August 19th Here’s what you need to know for Tuesday, August 19th: In the financial markets, trading activity remained subdued early on Tuesday, following a quiet start to the week. Later, attention will shift to home building permits data from July, a significant item on the US economic calendar. Investors are also […]
EUR/USD declines as the Dollar gains strength, markets focus on Fed minutes and EU data
EUR/USD is down 0.30%, with the dollar’s strength facing some pressure as traders await updates from the Fed and the Jackson Hole meeting. A swift end to the Ukrainian conflict could lead to stability in the energy market, which would be beneficial for eurozone growth and positively impact the euro. This week is data-heavy for […]
EUR/USD Price Outlook: Focus on 1.1700 support close to the lower edge of the rising channel
EUR/USD Analysis The EUR/USD pair may face resistance at a six-week high of 1.1789 for the time being. A bullish sentiment is present, as the 14-day relative strength index remains above 50. Initial support is likely found at the lower edge of the ascending channel near 1.1690. Following an increase of about 0.5% in the […]
Dogecoin Sellers Take Charge as Monero Attacker Chooses to Focus on DOGE; Bitcoin Dips Below $116K
Dogecoin Faces New Challenges Amid Qubic’s Intentions Dogecoin is experiencing some losses, particularly as the Qubic community, which recently targeted Monero, has now decided to set its sights on the Dogecoin network, favoring it over Zcash and Kaspa. Currently, Dogecoin is trading at just over 22 cents. This represents a 4% drop over the past […]
Qubic community votes to focus on Dogecoin next after Monero’s 51% attacker
Qubic Community Targets Dogecoin After Monero Attack The Qubic community, known for being an AI-focused blockchain project, has conducted a 51% attack on Monero this week, allowing them to gain majority control over the network’s computing power. Following this, they voted to set their sights on Dogecoin (Doge) next. Sergey Ivancheglo, the founder of Qubic […]
Exploring how Trump’s meeting with Putin shifted the focus from a cease-fire in Ukraine to an overall peace agreement
Trump and Putin Discuss Peace Deal After Unexpected Meeting In a surprising turn of events, President Trump held a private, two-hour meeting with Vladimir Putin on Friday. He emerged from the discussions optimistic, believing that only a few key issues remained unresolved. Interestingly, Trump set aside his previous calls for a brief ceasefire, suggesting instead […]
Mobile Scammers Focus on Brokerage Accounts in ‘Ramp and Dump’ Cashout Scheme
Cybercrime Groups Target Brokerage Customers Recent research indicates that cybercrime groups utilizing advanced phishing techniques are now focusing on brokerage customers. These groups, which use sophisticated phishing kits to funnel stolen card data into mobile wallets, are adapting their strategies as security measures on trading platforms restrict direct fund transfers. Instead, they manipulate foreign stock […]
Focus on the Trump-Putin summit in Alaska
All eyes are on the high-profile summit between President Trump and Russian President Vladimir Putin, which just wrapped up after several hours of discussions. This meeting is set against the backdrop of ongoing tensions due to the war in Ukraine, a major topic covered in their talks. After their private sessions, the two leaders took […]
Today in Forex: US Retail Sales and sentiment indicators are in focus
Market Update: US Dollar and Commodity Movements The US Dollar (USD) showed some interesting movement on Thursday, influenced by a stronger-than-anticipated report related to producer prices and labor markets. Although trade tensions may have lessened somewhat, investors are still watching closely for the upcoming meeting between Trump and Putin on Friday. Key Insights for Friday, […]
Stock Market Update for Wednesday, Aug. 13, 2025: S&P 500 and Nasdaq Reach New Highs, Dow Rises on Rate Cut Anticipations; CoreWeave, Intel, Nvidia, Palantir, and Others in Focus
Market Update Major stock indices have reached new heights, with traders projecting further interest rate reductions this year, contributing to a more risk-on trading environment. The S&P 500 increased by 0.3%, and the tech-heavy Nasdaq gained 0.1%. While these are modest gains, it’s noteworthy that, as of Tuesday, these indices were already setting records. The […]