Trump demands rate cuts after May’s ADP report showed only 37,000 new jobs. He accuses Fed Chair Powell of delaying action compared to Europe’s central banks. Powell maintains the Fed’s independence and holds rates steady despite political pressure. U.S. President Donald Trump criticized Federal Reserve Chair Jerome Powell and the central bank’s interest rate policy … Read more
Moroccan police have arrested a dual-national French-Moroccan man wanted for an alleged connection with a series of kidnappings in France that targetted individuals with crypto holdings, Reuters reported on June 4, citing a source familiar with the case. According to the source, Moroccan police identified the man as Bajjou Badiss Mohamed AmiDe, who is 24 … Read more
JPMorgan CEO delivers a dire wake-up call as he warns that internal chaos could dethrone the U.S. dollar and shatter American global supremacy. JPMorgan CEO Jamie Dimon Questions Future of US Dollar as Reserve Currency Amid Domestic Decline JPMorgan Chase (NYSE: JPM) CEO Jamie Dimon issued a stern warning at the Reagan National Economic Forum … Read more
Are you looking for innovative ways to gain exposure to key markets, including the ever-evolving world of cryptocurrencies like Bitcoin? A new player has entered the investment arena with a rather intriguing offering. Return Stacked, an investment management firm, has just launched an exchange-traded fund (ETF) that promises a unique approach to asset allocation, according … Read more
USD/CAD weakens to around 1.3675 in Thursday’s early Asian session. US ISM Services PMI unexpectedly contracted last month for the first time in nearly a year. The Bank of Canada held its key rate steady but said a future cut is possible. The USD/CAD pair remains under selling pressure around 1.3675 during the early Asian … Read more
GBP/USD remains close to recent peaks as the Greenback remains off-kilter. US ADP jobs softened much faster than expected on Wednesday, knocking back investor sentiment. Friday’s upcoming NFP labor print has taken on newfound importance as markets fret over tariff impacts. GBP/USD caught a bid on Wednesday, paring the previous day’s losses and keeping price … Read more
NZD/JPY stalls below 87.00 after three-day high; trend remains constructive above Ichimoku Cloud. Bulls need break above 87.73 to aim for YTD high at 89.70 and key 90.00 level. Drop below 85.97 Kijun-sen may trigger decline toward 85.85 and key support at 84.30–84.50. NZD/JPY retreated after reaching a three-day high of 86.82, dropping towards the … Read more
Bitcoin is surging into the spotlight as Coinbase’s CEO and Elon Musk sound alarms on U.S. debt, signaling the crypto’s rise as a serious reserve currency contender. Elon Musk Supports Coinbase Outlook: Bitcoin May Topple US Dollar as Reserve Currency Coinbase CEO Brian Armstrong voiced concern on June 3 on social media platform X over … Read more
Stablecoin issuer Circle Internet Group, Inc. has again boosted its initial public offering to $1.05 billion, pricing its shares above its previous marketed range. The USDC (USDC) stablecoin manager said on June 4 that it will now to offer 34 million shares at a price of $31 each when it debuts on the New York … Read more
Despite the recent rally to a new all-time high (ATH) of $111,900, crypto analysts have warned that the Bitcoin price could still witness a massive crash that will send it below $100,000. These analysts highlighted fundamentals and technicals that could spark this price crash. Analysts Highlight Why Bitcoin Price Could Still Crash Below $100,000 In … Read more