Bitcoin ETFs Are Green Again—Here’s Why Investors Should Zoom Out
Bitcoin ETFs have posted back-to-back positive weeks for the first time since early May.
Finance
Forex Today: US Dollar rises as Gulf tensions lift, Oil and Canadian inflation cool
The US Dollar Index (DXY) rises around 0.2% toward 101.00 as higher United States (US) Treasury yields and escalating tensions in the Middle East support the Greenback. The benchmark 10-year Treasury yield advances towa…
Canadian Dollar: Rate divergence weighs CAD against US Dollar – TD Securities
TD Securities strategists note that softer Canadian Consumer Price Index (CPI) is lifting USD/CAD as rate divergence remains a key driver. They argue broad US Dollar (USD) strength should limit USD/CAD downside below 1.…
Japanese Yen weakens as renewed Middle East tensions lift US Dollar
USD/JPY trades around 162.55 on Monday at the time of writing, up 0.10% on the day. After an initial pullback in the US Dollar (USD), the pair regains momentum as geopolitical concerns return to the forefront and suppor…
Asia FX: Oil rebound pressures INR and THB – MUFG
MUFG’s Lloyd Chan highlights that higher Oil prices and persistent inflation risks are weighing on Asian currencies, with the Indian Rupee (INR) and Thai Baht (THB) underperforming against the US Dollar. The Baht looks …
Nigerian president signs order on approach to crypto regulation, taxes
The West African country’s executive order established a virtual asset council and addressed the fragmentation of crypto regulation for oversight and enforcement.
Cardano Triggers Hard Fork With First Community-Voted Upgrade
Cardano has hard forked, implementing the Van Rossem upgrade over the weekend and transitioning the network to protocol version 11.
Canadian Dollar falls as softer Canadian inflation weighs on the Loonie
USD/CAD trades higher near the 1.4060 area on Monday, recovering from below 1.4000 as the Canadian Dollar (CAD) weakens following softer-than-expected domestic inflation data. The US Dollar Index (DXY) also rises around…
Bonds Are Back
Backdrop: When governments need to borrow money to fund expenses, they generally do so by issuing bonds. In the UK, government bonds are known as ‘gilts’. Each gilt will pay a regular amount of interest over the course …
Rate Cuts Aren’t Guaranteed; Consider Preferred Stock ETF VRP
These days, forecasting what the Federal Reserve has in store for interest rates feels like a futile endeavor. Consensus wisdom indicates the central bank is highly unlikely to cut or raise rates this month, but after t…
Judge orders Paramount to temporarily pause Warner Bros acquisition
Executives at Paramount and Warner Bros. Discovery reportedly fear a judge will hit pause on their massive $110 billion merger in the coming days – putting the deal on hold for weeks as it nears a crucial deadline.
Ukraine’s Zelenskiy meets commanders as street protests mount
KYIV, July 20 (Reuters) – President Volodymyr Zelenskiy met some of Ukraine’s top military commanders on Monday to try to ease growing discontent with the defence leadership that has triggered the largest street protest…
Gold edges lower as Middle East conflict boosts the US Dollar
Gold price edges down some 0.19% on Monday as hostilities between the US and Iran extended, following a short-lived truce that began after both countries agreed to a ceasefire, which was broken nine days ago. At the tim…
Bernstein raises Robinhood price target, cites tokenization and prediction markets
The brokerage’s blockchain strategy, including tokenized equities and its Arbitrum-based Robinhood Chain, could reduce its reliance on traditional crypto trading, analysts said.
VIDEO: ETF of the Week: QQQM
On this episode of the “ETF of the Week” podcast, VettaFi’s Head of Research, Todd Rosenbluth, discussed the Invesco Nasdaq 100 ETF (QQQM) with Chuck Jaffe of Money Life. The pair discussed several topics related to the…
Weekly Economic Snapshot: Inflation Cools, But Energy Headwinds Loom
A handful of key economic data points dropped last week, painting a picture of an economy that is successfully downshifting from its recent inflation peaks even as consumers keep their footing. Between a deceleration in…
Australian Dollar holds as PBOC stands firm
AUD/USD trades around the 0.7000 area on Monday, holding near recent highs after recovering from last week’s decline. The Australian Dollar (AUD) remains supported by limited US Dollar (USD) demand, although rising geop…
Euro loses momentum as US Dollar recovers from intraday lows
EUR/USD edges lower on Monday after reversing earlier gains as markets swing between risk-on and risk-off sentiment. At the time of writing, the pair trades around 1.1408, easing from an intraday high of 1.1449.
United States Dollar Index advances as Middle East tensions drive demand
The US Dollar Index (DXY) edges higher on Monday as heightened tensions in the Middle East drive demand for the safe-haven Greenback. At the time of writing, the index, which tracks the Greenback’s value against a baske…
Bernstein Predicts 60% Robinhood Rally, Lifts HOOD Target to $160
The post Bernstein Predicts 60% Robinhood Rally, Lifts HOOD Target to $160 appeared first on Coinpedia Fintech News
British Pound: Sterling shifts into broader range against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang reports GBP/USD slipping but lacking strong downside momentum, with intraday trade expected between 1.3420 and 1.3475. The prior bullish view has faded after a break of 1.3450…
Bitcoin price hits $65K wall as stocks battle ‘record’ institutional tech sell-off
Bitcoin faced troublesome resistance at $65,000 while traders still saw a potential BTC price breakout into a “bullish market structure.”
British Pound slips as Burnham fiscal pledge fails to lift Sterling
The Pound Sterling reverses course and turns negative on the day as Andy Burnham is named the new Prime Minister and reassures that he will stick to the fiscal rules set by the former Chancellor, Rachel Reeves, who just…
Canadian Dollar: Inflation cools as BoC stays patient – RBC
Royal Bank of Canada’s (RBC) Abbey Xu notes that Canadian inflation eased in June, with Consumer Price Index (CPI) slowing to 2.8% year-over-year and energy prices reversing part of their earlier surge. Underlying measu…