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 […]
Asia-Pacific FX news summary: USD/JPY rises above 148.00
High risk warning: Forex trading involves significant risk and may not be suitable for every investor. The use of leverage can amplify both risk and potential losses. It’s crucial to assess your investment objectives, level of experience, and risk tolerance before engaging in Forex trading. Be aware that you might lose your initial investment. Only […]
Euro rises despite poor Eurozone outlook; US CPI shows mixed results
The euro climbed over 30 pips to around 1.1630, ending its two-day winning streak after mixed US inflation figures. US headline inflation increased by 0.2% in July, with the annual rate easing to 2.7%. Core consumer prices are expected to rise by 0.3% month-over-month and 3.1% year-over-year, exceeding forecasts. On Tuesday, the euro gained some […]
Super Micro (SMCI) Stock Rises, Here’s the Reason
Super Micro Stock Rises After New AI Cooling System Announcement Shares of Super Micro (NASDAQ: SMCI) saw a 3.7% increase in the afternoon after the company introduced an upgraded lineup in its NVIDIA Blackwell system portfolio. This includes a new advanced cooling system tailored for AI factories. The firm unveiled two new air-cooled models, both […]
VivoPower stock rises 32% after announcement of $100M purchase plan to increase XRP holdings
Vivopower Expands Digital Asset Financing Strategy Vivopower International Plc, a company registered on NASDAQ, has announced its intention to broaden its XRP-focused digital asset financing approach by investing $100 million in shares of Ripple Labs, which saw a 32.12% increase in stock price to $5.10 on Friday. This decision follows a two-month due diligence period, […]
GBP/USD rises as BoE makes a tough decision, US unemployment claims increase
The Bank of England has lowered interest rates to 4% with a narrow 5-4 vote, indicating a careful approach to easing. The BOE’s hawkish tone pushed GBP/USD above 1.3400 for the first time in a week. US unemployment has climbed to its highest level since 2021, contributing to dollar weakness. During the North American trading […]
IREN Rises 11% After Mining More Bitcoin Than MARA in July
Following Iren Limited’s impressive revenue of $86 million in July, the company’s shares surged by 11.4%, positioning it ahead of the leading contender, Mara Holdings, in Bitcoin mining output. On Wednesday, reports indicated that Iren mined 728 Bitcoin (BTC) in July, outpacing Mara’s 703 BTC despite having a lower hashrate of 50 exahashes per second, […]
Australian Dollar rises slightly following improved Trade Balance figures
The Australian dollar rises following the release of domestic trade balance data on Thursday. Australia’s trade surplus for June increased to 5,365 million, surpassing the forecast of 3,250 million. Trump hinted that he might apply more tariffs on China similar to those on Russian oil purchases. On Thursday, the Australian Dollar (AUD) strengthened against the […]
Bitcoin Rises Back Above $115,000 as Cryptocurrency Markets Recover
Simply put Bitcoin saw an increase of about 1.3% over the past 24 hours, reclaiming $115,000, while Ethereum rose by 2.8%, surpassing $3,600. Despite the Bitcoin ETF experiencing another outflow, the Ethereum ETF attracted inflows on Tuesday. Market analysts seem surprised by these movements. On Wednesday, the crypto markets bounced back, leading to gains for […]
EUR/USD rises as concerns about Fed independence weaken Dollar confidence
EUR/USD climbs over 0.50% as traders adjust expectations for rate cuts and the political environment surrounding the Fed. Trump aims to nominate a replacement for Federal Reserve Governor Coogler by the week’s end. Fed officials Collins and Cook emphasize economic uncertainty and lackluster employment data, advocating for a cautious approach. Kashkari from the Minneapolis Fed […]