The clock is ticking down on what could be a defining moment for transatlantic trade. In a high-stakes gambit, the European Union is signaling it might be willing to swallow a bitter pill—a 10% universal tariff on many of its exports to the United States—but only if it can extract…
The Reserve Bank of India (RBI) surprised markets in June with a larger-than-expected 50 basis point rate cut, bringing the rate to 5.50%. This move aimed to front-load support for the domestic economy, and with stable to lower inflation anticipated due to a good monsoon, further rate cuts of possibly another…
Euro zone inflation returned to the European Central Bank’s target of 2% in June, marking a key milestone in the region’s battle against surging consumer prices. The reading, released by Eurostat on Tuesday as part of its flash estimate, confirmed expectations from economists and signalled further easing pressure on the…
SoFi Technologies Inc (NASDAQ: SOFI) and Robinhood Markets Inc (NASDAQ: HOOD) – both have been on a tear in recent months as the macro environment remained resilient, the crypto industry boomed, and the broader market recovered from the initial jerk following Trump’s tariff surprise.Still, the case for keeping exposure to…
The S&P 500 Index has staged a phoenix-like recovery this month as it surged to a record high. It has soared by nearly 30% from its lowest point in April, meaning that it is in a bull market. This article explores the top catalysts for the VOO and SPY ETFs…
The Canadian dollar resumed its recent rebound after Canada and the United States restarted talks. The USD/CAD exchange rate plunged to a low of 1.3600 on Tuesday, the lowest level in a week, and 8% below the highest level this year.Potential US and Canada trade dealThe main catalyst for the…
The crypto market remained under pressure on Tuesday despite the good news in the industry. Bitcoin and Ethereum ETFs continued adding assets on Monday, with those tied to BTC adding over $102 million. Ethereum ETFs added over $31 million. Further, Robinhood expanded its solutions using the Arbitrum technology. It will now…
Luckin Coffee stock price continues its strong uptrend as its growth momentum gains steam. LKNCY jumped to a high of $37.27 on Monday, its highest point since April 3, and 117% above its lowest level last year. It has also formed a highly bullish pattern, pointing to more gains.Luckin Coffee…
The FTSE 100 Index has rebounded in the past few months, moving from a low of £7,542 in April to £8,800 today, July 1. It has jumped by 16%, and is hovering near its all-time high. Footsie’s V-shaped recovery has mirrored that of other global indices like the S&P 500 and…
Ethereum price has moved sideways in the past two months, even as on-chain data sends bullish signals. ETH was trading at $2,450, up by 15% from its lowest level in March. This article explains why ETH price may be on the cusp of a bullish breakout. Ethereum ETF inflows are soaringThe…