The US Dollar (USD) Index is trading with gains, reaching the 102.50 mark on Tuesday. The Greenback’s upward trajectory is largely driven by the prevailing negative market sentiment, which has investors seeking refuge in the US Dollar. This surge in demand for the USD is fueling its strength in the market. Investors are closely monitoring
As the deadline for a potential federal government shutdown looms in just ten days, U.S. Senate Republicans are raising concerns and emphasizing the need for a short-term funding measure. This measure, known as a continuing resolution (CR), would provide lawmakers with additional time to reach a consensus on full-year spending bills for 2024. However, this
BTCUSD recently experienced a significant rally, surpassing $45,000 and reaching a 21-month high at $47,282. The primary driving force behind this surge appears to be the market’s excitement surrounding the potential approval of a spot-Bitcoin ETF by the Securities and Exchange Commission (SEC). However, it is important to analyze the technical aspects of this rally
Mongolia, a landlocked country rich in mineral resources, is aiming to double its GDP-per-capita to $10,000 by the end of the decade. However, achieving this ambitious goal requires significant investments in the mining and metals sector, which currently contributes a quarter of the country’s GDP and 90% of its exports. In an interview, Mongolia’s Finance
Federal Reserve Governor Michelle Bowman, once a staunch advocate for tight monetary policy, has recently shifted her stance on interest rate hikes. In a speech delivered at a private event in South Carolina, Bowman suggested that rate hikes are likely over, but she is not ready to implement cuts just yet. This article delves into
Gift cards have become one of the most popular presents during the holiday season. However, a significant number of individuals end up with unused gift cards sitting in their drawers, gathering dust. According to a 2023 Bankrate survey, 47% of U.S. adults have at least one unused gift card, totaling a staggering $23 billion worth
The US Dollar (USD) is facing challenges as it declines towards the 102.15 area, putting pressure on the 20-day Simple Moving Average (SMA). Despite gaining momentum last week, bulls are struggling to sustain their gains. With Monday’s calendar offering no significant events, investors are eagerly awaiting the release of the Consumer Price Index (CPI) figures
The statements made by Atlanta Federal Reserve President, Raphael Bostic, regarding monetary policy and inflation have sparked debate and raised concerns among investors and economists. Bostic’s emphasis on maintaining a tight monetary policy, despite balanced risks in the economy, goes against market expectations of rate cuts in the near future. A critical analysis of his
The U.S. Dollar Index (DXY) is facing a decline as traders react to the latest Consumer Inflation Expectations report. This report indicates that inflation expectations have dropped from 3.4% in November to 3.0% in December. This decrease in inflation expectations has put pressure on the U.S. dollar, causing it to lose ground against other major
The US Nas 100 Index, which serves as a proxy for the Nasdaq 100 futures, has experienced a significant decline recently, approaching the upward-sloping 50-day moving average. However, there are indications that the downside momentum has started to ease. In this article, we will analyze the current state of the index and discuss the potential
India’s southern state of Tamil Nadu has recently secured a series of investment agreements worth over $4.39 billion. This significant influx of investments is expected to boost the state’s economy and generate numerous job opportunities. The agreements involve prominent companies such as Apple suppliers Tata Electronics and Pegatron, as well as automotive giant Hyundai Motors.
The EUR/USD exchange rate is influenced by various economic indicators and events that shape the monetary policy and economic outlook of both the European Union and the United States. In this article, we will analyze the potential impact of key economic indicators on the exchange rate, particularly focusing on factors such as German trade surplus,