Meta Stock Rises as Earnings Exceed Expectations
Meta Reports Strong Q2 Earnings Meta (formerly Facebook) has announced its second-quarter earnings, which surpassed analysts’ predictions. This positive news led to a surge in stock prices during after-hours trading on Wednesday. In that trading, the parent company of Facebook, Instagram, and WhatsApp saw its shares rise by over 11%, marking a significant recovery from […]
USD/CAD Outlook for 30/07: Rises Ahead of Fed and BoC
The US dollar is gaining strength against the Canadian dollar in today’s trading session. This shift is largely due to interest rate announcements from both the Bank of Canada and the Federal Reserve. In the end, the spotlight is likely to remain on the US, though it’s clear that traders are paying attention to the […]
USD/INR rises as Trump indicates increased import tax on India
The Indian rupee is declining against the US dollar following comments from the US president regarding India’s import tariffs. Trump has suggested a possible import tax of 20%-25% on goods from India. Investors are eagerly awaiting the Federal Reserve’s monetary policy decisions along with key US economic data. The Indian Rupee (INR) is expected to […]
Japanese Yen rises slightly against a generally falling USD, before Fed/BoJ decisions.
The Japanese yen has bounced back from a weekly low against the US dollar. Immediate interest rate hikes by the BOJ and declining trade optimism may limit the yen’s recovery. Traders might hold back ahead of significant announcements from major central banks. During the Asian trading session on Wednesday, the Japanese yen (JPY) showed some […]
USD/JPY rises to a more than one-week high, surpassing the mid-148.00s before FOMC and BoJ meetings
USD/JPY is poised to reach its highest level in nearly two weeks, supported by several factors. Optimism around trade and decreased expectations for rate hikes from the BOJ continue to weigh on the Safe Haven JPY. The USD is likely to maintain solid gains on Monday, which will contribute positively to the currency pair. The […]
New affordable housing tower rises near the iconic Parachute Jump in Coney Island
Coney Island Affordable Housing Development Groundbreaking Mayor Eric Adams took part in a groundbreaking ceremony on Monday for a new development featuring entirely affordable apartments, situated near Coney Island’s iconic parachute jump. Using a shovel, Adams joined executives from BFC Partners along with representatives from city agencies and Goldman Sachs to mark the beginning of […]
Dollar Rises on US-EU Agreement While Attention Turns to China Discussions: Market Summary
(Bloomberg) – Wall Street is experiencing its most significant rise since May, buoyed by the strengthening tariff agreements between President Donald Trump and the European Union, as well as a trade ceasefire extension between the U.S. and China. Stocks are nearing record highs while bond yields have softened. With the beginning of the week shaping […]
USD/JPY rises to the 138.40 range as the Dollar strengthens following trade agreements
The US has been acknowledged for reaching new highs this week, surpassing 138.40. A trade agreement between the US and its partners has strengthened the US dollar. Market anticipation of the Fed’s extended support is providing further backing for the USD. On Sunday, President Trump and European Commission President Ursula von der Leyen established a […]
Bitcoin supporters regain power as BTC price rises to $118K
Key Highlights Bitcoin traders are shifting their attention to higher price levels following a $115,000 liquidity grab on Friday. Tom Lee from Fundstrat forecasts Bitcoin’s potential to hit $250,000 by year’s end. Bitcoin (BTC) saw a sharp recovery after sweeping the range on Friday, suggesting an ongoing upward trend as the weekend approaches. This indicates […]
US Dollar gains support as Fed remains uncertain and trade optimism rises
The US dollar strengthened for the second consecutive day on Friday, buoyed by solid economic data and improved trade sentiment. Market participants remain cautious as they await next week’s Federal Reserve decision and the upcoming August 1 tariff deadline. After showing strong support around the psychological threshold of 97.00, the DXY US Dollar Index is […]