Posts de OnEquity

Market News by OnEquity dans Général Aug 27, 2024 at 13:09

Dollar hovers near recent lows; labor market data decisiveThe U.S. dollar was trading little changed in early European trading on Tuesday, helped somewhat by rising geopolitical tensions, although it remained near its recent lows ahead of the Federal Reserve’s impending interest rate cut.Job market data boosts the dollarThe dollar rose on Tuesday as geopolitical tensions in the Middle East, Libya and Ukraine fueled safe-haven demand for the U.S. dollar.However, these gains appear to be limited as traders focus on impending U.S. rate cuts, especially after Federal Reserve Chairman Jerome ...

Outlook for the Week by OnEquity dans Général Aug 27, 2024 at 11:32

Outlook for the Week of August 26-30Key points to watch out for:PCE inflation to focus the Fed’s attention this weekEurozone inflation data will prove decisive for ECB rate cut expectationsAustralian and Tokyo CPI and Canadian GDP on tap for the weekWill the ECP’s Moderate Inflation Expectations Fall Short?The European Central Bank’s moderate inflation expectations might not be met, raising concerns among investors. As the Federal Reserve prepares for its long-awaited moderate turn, markets are anticipating the first rate cut of this cycle at the September 17-18 meeting. Howe...

Market News by OnEquity dans Général Aug 26, 2024 at 14:28

Cryptocurrencies lead spending in U.S. electionsThe cryptocurrency industry is influencing this year’s elections, to which it has contributed $119 million.Cryptocurrencies as major political backersCryptocurrency companies have morphed into the biggest political funders of federal elections, contributing nearly half of the corporate money going into this year’s elections, according to data from the nonprofit consumer advocacy organization Public Citizen.The funds are coming primarily from two companies – Coinbase and Ripple – that are sending money to super PACs such as...

Market News by OnEquity dans Général Aug 26, 2024 at 13:53

Market Highlights for the Week: Nvidia, Inflation, GoldThe rally in U.S. markets will come under scrutiny this week when chip manufacturing giant Nvidia’s (NVDA) results are released. U.S. inflation data is likely to bolster expectations for long-awaited rate cuts, while the Eurozone and Australia will also release inflation data that will influence the path of interest rates. Here is a summary of what will happen in the markets this week. Nvidia Results After the close on Wednesday, Nvidia’s results could challenge investors’ enthusiasm for artificial intelligence. The earn...

Market News by OnEquity dans Général Aug 26, 2024 at 13:52

U.S. Stock Markets Rise With Rate Cuts and Nvidia Results Leading the WayU.S. stock indices were slightly higher on Monday, with markets taking a breather after a week of strong gains amid growing expectations of an interest rate cut by the Federal Reserve.Caution mainly gripped the markets ahead of several important events this week, most notably the results of NVIDIA Corporation (NVDA), one of the market’s most heavily weighted companies, with results due on Wednesday. The PCE price index data, the Federal Reserve’s favorite inflation gauge, will also be released near the end of ...

Daily Technical Analysis EUR/USD by OnEquity dans Général Aug 26, 2024 at 11:39

Daily Technical Analysis EUR/USD: Moves Up to Around 1.1200 on Powell’s Conservative Fed StanceThe EUR/USD is extending its gains for the second session in a row, trading around 1.1190 during the Asian session on Monday. This rise in EUR/USD follows the weaker US dollar after the Fed Chairman’s dovish-sounding speech at the Jackson Hole Symposium last Friday.Fed Chairman Jerome Powell said, “The time has come to tighten policy.” Although Powell did not indicate when the rate cuts will begin or their extent, markets are anticipating that the Fed will announce a rate cut ...

Market News by OnEquity dans Général Aug 22, 2024 at 12:33

Tether Launches Dirham-Backed Stablecoin in the UAETether is partnering with Phoenix Group and Green Acorn Investments in the United Arab Emirates to create a dirham-linked stablecoin aimed at facilitating international trade and remittances. Tether, the largest stablecoin provider in the digital asset sector, has announced its plans to launch a new stablecoin pegged to the United Arab Emirates dirham (AED). According to a press release shared with Cointelegraph, the new stablecoin will be launched in partnership with Phoenix Group and Green Acorn Investments, both UAE-based companies.The main...

Market News by OnEquity dans Général Aug 22, 2024 at 12:33

U.S. Stocks Rise Ahead of Payroll Revisions and Fed MinutesU.S. stock indexes rose on Wednesday, with investors cautious ahead of revisions to U.S. payroll data and the release of minutes from the Federal Reserve’s latest monetary policy meeting.Wall Street indexes closed lower on Tuesday, ending an eight-day upward streak, despite recovering from weakness and volatility in early August.Payroll revisions and Fed minutes in focusMarkets are trading cautiously as investors look for more signals about the Federal Reserve’s intentions for its September meeting.The Bureau of Labor Stati...

Market News by OnEquity dans Général Aug 22, 2024 at 12:31

Dollar Rebounds but Continues Near Seven-Month LowsThe U.S. dollar rose in early European trading on Wednesday but remains near seven-month lows, as the Federal Reserve minutes from its last meeting and likely revisions to payroll data point to a rate cut next month.The dollar loses strength in anticipation of Fed minutes and payroll revisionsThe dollar has been under pressure, falling more than 2% over the past month, with U.S. bond yields falling to more than a one-year low after unexpectedly weak employment figures sparked fears of a possible economic recession.As a result, the revised payr...

Market News by OnEquity dans Général Aug 21, 2024 at 12:40

Dubai Admits Cryptocurrencies as Legitimate Salary PaymentDubai’s justice administration has officially recognized the use of cryptocurrencies as a valid means of paying salaries.The landmark decision, adopted by the Dubai Court of First Instance, marks a milestone in the development of cryptocurrencies in the city, which aims to lead innovation in disruptive technologies.Recently, the court issued an order recognizing cryptocurrencies as a lawful method of paying salaries, a decision that not only reinforces Dubai and the UAE’s position as leaders in the adoption of cryptocurrenci...

Market News by OnEquity dans Général Aug 21, 2024 at 12:38

U.S. Stock Markets Stabilize With Jackson Hole and DNC Top of MindU.S. stock indexes traded steadily on Tuesday, consolidating after another session of positive numbers on Wall Street, with attention focused on the Jackson Hole Symposium for further signals.Wall Street’s benchmark indices were able to close higher on Monday, with the S&P 500 up nearly 1% and the Nasdaq Composite up 1.4%. Both indices posted their eighth straight session in positive territory, the first for the S&P 500 since November 2023, and the longest streak for the Nasdaq since December of last year.J...

Daily Technical Analysis EUR/USD by OnEquity dans Général Aug 21, 2024 at 12:36

Daily Technical Analysis EUR/USD: The Pair Rises Nearly 1% This Week Ahead of Jackson HoleThe most important event this week is the Federal Reserve’s Jackson Hole symposium, where Fed Chairman Jerome Powell is expected to speak publicly on Friday. At the same time, the market will focus on whether expectations of a 100 basis point rate cut by the central bank this year will be confirmed. Another factor that could become more favorable for the Euro and detrimental to the Dollar in the coming days, weeks, and months is the latest developments in the US election polls, which now seem to ind...

Market News by OnEquity dans Général Aug 20, 2024 at 12:58

U.S. stock markets stabilize with Jackson Hole and DNC top of mindU.S. stock indexes were trading steady on Tuesday, consolidating after another session of positive numbers on Wall Street, with attention focused on the Jackson Hole Symposium for further signs.Wall Street’s benchmark indices were able to close higher on Monday, with the S&P 500 up nearly 1% and the Nasdaq Composite up 1.4%. Both indices were able to post their eighth straight session in positive territory, the first for the S&P 500 since November 2023, and the most positive streak for the Nasdaq since Dece...

Market News by OnEquity dans Général Aug 20, 2024 at 12:58

Dollar declines on rate cut expectations; euro near yearly highsThe U.S. dollar declined on Tuesday, approaching seven-month lows, amid expectations that the Federal Reserve will cut interest rates in September.Dollar weakens on optimism ahead of Fed rate cutThe U.S. dollar has fallen by approximately more than 2% over the past month, on par with U.S. Treasury yields, amid growing optimism that the Federal Reserve will cut interest rates next month.Fed Chairman Jerome Powell will have the opportunity to speak at the Jackson Hole symposium this Friday and traders are looking for more signals as...

Market News by OnEquity dans Général Aug 20, 2024 at 12:56

Bitcoin Accumulation Initiatives in US PoliticsAt the recent Bitcoin2024 event, two U.S. political figures proposed significant initiatives regarding the accumulation of Bitcoin (BTC) as a reserve asset by the U.S. government. Robert F. Kennedy Jr., an independent presidential hopeful, stated that if elected, his administration plans to stockpile four million Bitcoin as a strategic reserve asset. Simultaneously, Senator Cynthia Lummis unveiled a bill that would prompt the government to purchase one million BTC, which is about 5% of the total Bitcoin supply, over a five-year period.Raoul Pal, a...

Market News by OnEquity dans Général Aug 20, 2024 at 12:55

Market Highlights for the Week: Powell, Dems, PMThe future path of U.S. interest rates may become clearer this week when Federal Reserve Chairman Jerome Powell delivers his speech at the central bank’s annual retreat in Jackson Hole. Before then, the Democratic National Convention will begin, global PMI data will shed light on economic strength and energy markets are likely to remain volatile amid heightened geopolitical tensions. Here’s a look at what will happen in the markets this week.Powell at Jackson HoleOn Friday at 10:00 a.m. ET (14:00 GMT), Federal Reserve Chairman Jerome ...

Market News by OnEquity dans Général Aug 20, 2024 at 12:51

U.S. Stock Markets Flat, Jackson Hole and Fed Minutes in FocusU.S. stocks traded flat on Monday, consolidating after last week’s gains as investors awaited further signals regarding the Federal Reserve’s monetary policy outlook.Wall Street’s major indices recorded their best week so far in 2024, as recent positive data eased fears of a possible recession.The S&P 500 index gained nearly 3.9%, posting its best week since 2023. The tech-heavy Nasdaq Composite added 5.2%, while the blue-chip Dow Jones Industrial Average rose 2.9%.Recessionary Prospects DeclineThe previous...

Outlook for the Week by OnEquity dans Général Aug 20, 2024 at 12:48

Outlook for the Week of August 19-23Key points to watch out for:Recession fears subside as investors focus on Jackson HoleEurozone and UK PMIs to influence ECB and BoE forecastsCanadian inflation could support BoC’s third straight rate cutJapan’s national CPI is also on the calendarJackson Hole Will Test the Fed’s Most Pessimistic BetsAfter the unwarranted panic caused by the weaker-than-expected July NFP report, investors have taken a calmer stance, re-analyzing their aggressive Fed rate cut bets as incoming data indicate that the U.S. economy is not performing as poorly as ...

Market News by OnEquity dans Général Aug 19, 2024 at 11:59

Dollar gains bearish momentum, pound reaches one-month highsThe U.S. dollar fell ahead of the release of the Federal Reserve’s July monetary policy meeting minutes and Chairman Jerome Powell’s upcoming speech in Jackson Hole near the end of the week.Dollar downtrend begins to gain momentumThe minutes, which will be released on Wednesday, and Jerome Powell’s speech on Friday are likely to be the main precursors of the week’s currency movements, with traders expecting a negative tone to emerge.According to market analysts, the signals may be subtle, but the downward momen...

Daily Technical Analysis EUR/USD by OnEquity dans Général Aug 19, 2024 at 11:35

Daily Technical Analysis EUR/USD: the pair is moving towards the 1.1050 level.The EUR/USD extended its gains for the second session in a row, touching the 1.1030 level in Asian trading on Monday. The pair’s rise could be the result of increased chances of an interest rate cut in September by the Federal Reserve.Last week, U.S. economic data showed that retail sales beat estimates, while the Producer Price Index (PPI) and Consumer Price Index (CPI) showed that inflation is on a downward trajectory. Additionally, U.S. housing starts fell nearly 6.8% in the month of July to 1.238 million un...

EURUSD	1.13037	GBPUSD	1.32767	AUDUSD	0.64436
USDJPY	144.966	USDCAD	1.38103	USDCHF	0.8268

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