Donald Trump has reportedly become the first presumptive Republican presidential nominee to accept cryptos for official campaign donations. The former US President on Tuesday, launched a crypto fundraising page for eligible donors to contribute using the Coinbase Commerce product. The move comes weeks after he declared as the candidate for cryptocurrency at Mar-a-Lago gala that...
Eurozone inflation slowed as initially estimated in June but the European Central Bank is expected to hold its benchmark rate on Thursday as underlying inflation remains too high. The harmonized index of consumer prices rose 2.5 percent on a yearly basis, which was slower than the 2.6 percent growth posted in May. The 2.5 percent...
Consumer credit in the U.S. increased by much more than expected in the month of January, according to a report released by the Federal Reserve on Thursday. The Fed said consumer credit jumped by $19.5 billion in January after inching up by a revised $0.9 billion in December. Economists had expected consumer credit to climb...
A report released by the Labor Department on Thursday showed producer prices in the U.S. rose by slightly more than expected in the month of August. The Labor Department said its producer price index for final demand crept up by 0.2 percent in August, while revised data showed prices were unchanged in July. Economists had...
With recent economic data increasing confidence the Federal Reserve will lower interest rates next month, the minutes of the central banks latest monetary policy meeting seemingly provided additional support for that sentiment. The minutes of the Feds late July meeting, released Wednesday afternoon, revealed that the vast majority of participants believed it would likely be...
The Canadian market is down sharply in negative territory around noon on Tuesday with stocks from across several sectors reeling under a severe bout of selling pressure. Energy and materials stocks are down on weak commodity prices. Technology and consumer discretionary stocks are among the other major losers. The benchmark S&P/TSX Composite Index is down...
Technical indicators reveal a mixed sentiment. The Relative Strength Index (RSI) stands at 73, indicating that Bitcoin may be entering overbought territory. The MACD’s value at -94 versus a signal of 1058 suggests a nuanced market dynamic, possibly hinting at upcoming momentum shifts. Notably, Bitcoin’s break above the ascending triangle pattern at the $63,250 level,...
The Japanese yen strengthened against other major currencies in the Asian session on Friday, as Middle East worries persisted and investors awaited the release of all-important U.S. jobs report later in the day for additional clues on the Feds rate trajectory. Israel carried out a series of massive airstrikes overnight in the southern suburbs of...
Visa, Inc. (V) announced Tuesday a 7-year agreement with Western Union (WU) under which Western Union customers will be able to send money to their family and friends\' eligible Visa cards and bank accounts in 40 countries across five regions. The agreement includes card issuance, Western Union\'s integration with Visa Direct, and value-added services delivery...
German stocks were seeing modest gains on Monday ahead of key Eurozone inflation data due out later in the day and the Fed and Bank of England policy meetings due this week. The flash estimate showed that Eurozone inflation softened to 2.6 percent from 2.8 percent in January. Eurozone foreign trade data is also due....