Forex News and Market Analysis
Ethereum (ETH) Faces Uncertain Future: Spot ETF Hopes Linger, Price Slips
The future of a spot Ethereum ETF remains unclear after Grayscale Investments withdrew its application for a futures-based product. Full Article
Ripple Anticipates SEC’s Final Judgment: SEC Submits Redacted Remedies Reply Brief
The SEC has submitted its redacted remedies reply brief and related exhibits, setting the stage for a crucial decision that could... Full Article
Robinhood Soars in Q1, But SEC Scrutiny Looms
Robinhood Markets (HOOD) surprised analysts with a stellar first quarter, exceeding expectations for both revenue and earnings. The online Full Article
Hodl Law Challenges SEC: Court Sets Date for Ethereum Oral Arguments
Hodl Law, PLLC, a law firm that utilizes cryptocurrency, has initiated an appeal, with the 9th Circuit Court of Appeals setting the date... Full Article
Bankrupt Crypto Company FTX Possesses Sufficient Funds to Compensate Victims
Collapsed cryptocurrency exchange FTX claims it has billions of dollars more than necessary to compensate clients. Full Article
Ripple vs. SEC Heats Up: XRP Lawsuit Nears Resolution, But Stablecoin Faces Scrutiny
The legal battle between Ripple Labs and the SEC is nearing its conclusion, with both sides having filed their key arguments. Ripple's Chief Full Article
U.S. Wholesale Inventories Decrease 0.4% In March, In Line With Estimates
The Commerce Department released a report on Wednesday showing a pullback by U.S. wholesale inventories in the month of March.The report said wholesale inventories fell by 0.4 percent in March after... Full Article
U.S. Stocks Bounce Back Near Unchanged Line After Seeing Initial Weakness
Stocks moved to the downside at the start of trading on Wednesday but have regained some ground over the course of the session. The major averages have climbed well off their lows of the session and a... Full Article
Microsoft To Invest $3.3 Bln To Accelerate Wisconsin's AI Infrastructure, Economic Growth
Microsoft (MSFT) to make $3.3 billion investment in Wisconsin, aiming to turn the U.S. state into a center of AI innovation and enhance its economic growth."Wisconsin has a rich and storied legacy o... Full Article
U.S. Stocks Turning In Another Lackluster Performance
After an initial move to the downside, stocks have shown a lack of direction over the course of the trading session on Wednesday. The major averages have spent the day bouncing back and forth across t... Full Article
Amazon Deploys Electric Trucks In California To Reduce Emissions
Amazon (AMZN) is adding nearly 50 heavy-duty electric trucks to its electric fleet in Southern California, aiming to travel for more than one million miles each year with zero tailpipe emissions.The... Full Article
FTX Claims To Have Enough Money To Pay Back Bankruptcy Victims
FTX Trading Ltd. and its affiliated debtors have submitted an amended Plan of Reorganization and accompanying Disclosure Statement to the United States Bankruptcy Court for the District of Delaware.... Full Article
Dow Extends Winning Streak Amid Another Lackluster Session
Stocks showed a lack of direction over the course of the trading day on Wednesday, extending the lackluster performance seen during Tuesday's session. Despite the choppy trading, the Dow closed higher... Full Article
South Korea Posts $6.93 Billion Current Account Surplus In March
South Korea had a current account surplus of $6.93 billion in March, the Bank of Korea said on Thursday.That's up from $6.86 billion in February.The goods account recorded an $8.09 billion surplus... Full Article
Bitcoin: Bullish Flags and Whale Activity Amidst Market Volatility
The cryptocurrency market continues its rollercoaster ride, with Bitcoin (BTC) recently dipping below $60,000 before a brief recovery. Full Article
Argentina: Manufacturing deepened its crisis in March, plummeting 21.2%, marking the worst drop since the pandemic.
Meanwhile, Argentine stocks erased their initial gains on Wednesday, May 8th, on the Buenos Aires Stock Exchange. Full Article
Chile’s main index closes above 6,600 points for its fifth consecutive session of gains, driven by Falabella.
Meanwhile, Wall Street saw mixed influences. The S&P 500 closed flat, pushed higher by the Dow Jones (0.44%) of megacap companies. Full Article
The Mexican stock market records a marginal decline and a second consecutive loss.
Traders await Mexico's inflation data for April tomorrow and later in the day, Banxico's monetary policy decision. Full Article
The Mexican peso registers little change as it awaits local inflation data and the announcement from Banxico.
The exchange rate concluded the day at 16.8963 units per dollar. Compared to a closing of 16.9035 units yesterday. Full Article
USD Closes Another Steady Day on FED’s Balanced Comments
The USD tumbled 150 pips lower last week, but this week it is stabilizing, with other major currencies having no reason to gain. Full Article