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Coinbase CEO indicates important crypto vote can be postponed after last-minute cancellation

Coinbase CEO indicates important crypto vote can be postponed after last-minute cancellation

Crypto Bill Faces Challenges Despite Bipartisan Support Senators are pressing ahead with an important cryptocurrency bill aimed at granting the industry greater control following a last-minute stall in committee voting. The main sticking point revolves around finding common ground among Democrats, Republicans, the crypto sector, and banks—something that’s been in negotiation for months. The latest […]

Crypto Companies Lifted by Trump Hit Hard as US Bill Postponed

Crypto Companies Lifted by Trump Hit Hard as US Bill Postponed

Concerns Rise in Crypto Industry Over Delayed Stablecoin Bill The early excitement surrounding cryptocurrencies during Donald Trump’s first year is now fading, replaced by a sense of worry. This shift comes after the Senate postponed a crucial digital asset bill amid intense discussions on stablecoin regulations. On Wednesday, the Senate Banking Committee decided to hold […]

Dollar on the back foot as traders watch for postponed U.S. employment figures

Dollar on the back foot as traders watch for postponed U.S. employment figures

US Dollar Drops to Near Two-Month Low Ahead of Economic Reports As Asian trading began on Tuesday, the US dollar fell close to a two-month low while investors anticipated a variety of economic reports. The dollar index, which gauges the currency’s performance against a group of six major competitors, decreased by 0.2%, settling at 98.261, […]

Dollar under pressure as traders anticipate postponed US jobs report

Dollar under pressure as traders anticipate postponed US jobs report

Dollar Dips Ahead of Economic Data Release The U.S. dollar experienced a decline, nearing a two-month low during the start of Asian trading on Tuesday. This dip comes as the market anticipates a significant release of economic data, including the delayed jobs report for October and November. The dollar index, which gauges the currency’s strength […]

EUR/USD slides again as investors wait for postponed US economic data.

EUR/USD slides again as investors wait for postponed US economic data.

EUR/USD Weekly Overview The EUR/USD started off the week on a weak note, hovering around the 1.1600 mark as it retreated from Friday’s peak above 1.1650. There seems to be a cautious mood in the market, as traders await some lagging economic data from the US that tends to favor the strong US dollar. Earlier, […]

October jobs report and other important economic data postponed due to government shutdown

October jobs report and other important economic data postponed due to government shutdown

Market Volatility Amid Government Shutdown Eddie Gabour, a co-founder of Key Advisors Wealth Management, recently shared insights on market fluctuations as Washington state approaches a shutdown deadline. He advised investors to tread carefully, especially with Thanksgiving around the corner. The current government shutdown has significantly affected the stream of economic data from federal agencies. A […]