EUR/USD remains stable as Powell’s position and low PMIs support the Euro’s rise.
As Powell mentioned, EUR/USD remains relatively stable. Both the US and Eurozone Flash PMI reports indicate a slow down in business activity, raising concerns about GDP growth. While the Fed anticipates a rate cut in October, the ECB seems poised to maintain its current rates, lending some support to EUR/USD. The EUR/USD pair climbed above […]
EUR/USD remains stable as PMI reports signal a slowdown in growth, markets prepare for Powell’s speech
EUR/USD remained steady on Tuesday after PMI data indicated a slowdown in momentum on both sides of the Atlantic. The US S&P Global Composite PMI dipped to 53.6 in September. Traders are awaiting Powell’s comments at 16:35 GMT, following signals from Bowman and Goolsbee. The euro (EUR) is treading water against the US dollar (USD) […]
USD/JPY remains stable as the US Dollar strengthens before Powell’s address
The USD/JPY remains steady as the US dollar holds firm on Tuesday, awaiting Powell’s comments. The US S&P Global PMI saw a decline in September but still indicates growth. Fed’s Goolsbee mentions that significant cuts will be avoided, maintaining a cautious policy approach. The Japanese Yen (JPY) is experiencing modest pressure against the US dollar […]
Stable to Incorporate PayPal’s Stablecoin for Easier International Transactions
PayPal Ventures Invests in Stable for Enhanced Stablecoin Utilization On Monday, September 22nd, PayPal Ventures made headlines with its investment in Stable, a Layer 1 Blockchain Network, enhancing its stablecoin, PayPal USD (pyusd). This partnership aims to leverage the stability of Stable’s blockchain. Stablechain, the underlying blockchain of Stable, is focused on facilitating smooth financial […]
Bitcoin Remains Stable as Federal Reserve Lowers Interest Rates for the First Time Since December
Simply put The Federal Reserve hasn’t adjusted interest rates since last December. US President Donald Trump is pressuring the Fed to lower interest rates. Cryptocurrencies and other assets often benefit from lower rates that enhance financial liquidity. The US Central Bank’s anticipated decision led to a 0.25% cut in federal funds on Wednesday. This change […]
Bitcoin Remains Stable as Federal Reserve Lowers Interest Rates for the First Time Since December
Simply put The Federal Reserve has kept interest rates unchanged since last December. US President Donald Trump is pressuring the Fed to lower interest rates. Cryptocurrencies and other investments often gain from rate cuts that enhance financial liquidity. The much-anticipated rate cut from the US Central Bank finally happened, with Federal funds decreasing by 0.25% […]
Pound Sterling remains stable despite a decrease in UK service inflation.
Even though the UK’s core and service CPI figures eased up in August, the pound sterling remains fairly strong compared to its peers. Market players are looking to see if the Bank of England will maintain interest rates during Thursday’s meeting. The Federal Reserve is almost certain to announce a rate cut at 18:00 GMT. […]
US Dollar Index remains stable under 98.00 before US CPI figures
In Thursday’s Asian session, the US Dollar Index is expected to remain stable around 97.85. The annual PPI inflation in the US came in lower than anticipated, bolstering arguments for potential Fed rate cuts. Traders are looking forward to the US August CPI inflation data, which is set for release in the latter part of […]
U.S. Stainless Steel Prices Remain Stable Despite Trade Concerns
Stainless Monthly Metal Index Update The Stainless Monthly Metal Index (MMI) showed little movement, registering a 1.69% increase from August to September, landing at 1.69% overall. US Stainless Steel Prices Steady in August In August, US stainless steel prices remained stable. Following several announcements in recent months, mills have managed to maintain an upward trend […]
Bitcoin, Dogecoin, and Solana Rise; Ethereum Remains Stable: Expert Suggests BTC Breaking Above This Level Could Be A Significant Catalyst
Cryptocurrency Market Update The major cryptocurrencies saw an uptick on Sunday, supported by investors ahead of significant inflation data coming out this week. Cryptocurrency Gain +/- Price (recorded at 9:30 PM ET) Bitcoin +0.26% $110,807.77 Ethereum -0.14% $4,288.17 XRP +2.05% $2.87 Solana +1.92% $205.89 Dogecoin +5.03% $0.2279 Bitcoin Faces Resistance Bitcoin struggled to surpass the […]