-
5 days ago | 
fxempire.com | Bob Mason
SEC vs. Ripple Settlement Fuels XRP DemandThe SEC’s court filing in the Ripple case on Thursday, May 8, triggered market reaction the following day. XRP rallied to a six-week high of $2.4273 after the settlement filing.
-
5 days ago | 
fxempire.com | Bob Mason
Wall Street Retreats as Fed Outlook and Tariff Threats Rattle MarketsWall Street’s winning streak ended as US-China trade talk jitters and hawkish Fed signals left investors bracing for turbulence. A proposed 100% tariff on foreign-made films jolted sentiment just as markets prepared for pivotal trade talks and a data-heavy week. The Nasdaq Composite Index fell 0.27%, while the Dow and the S&P 500 dropped 0.16% and 0.47%, respectively.
-
6 days ago | 
fxempire.com | Bob Mason
DAX Breaks Higher as Markets Cheer US-UK Deal; Eyes on EU PactA US-UK trade deal boosted hopes for a US-EU trade agreement on Thursday, May 8, driving demand for German-listed stocks. The DAX rallied 1.02%, with upbeat corporate earnings contributing to the gains. Earnings Impress Amid Cooling Trade TensionsCorporate earnings bolstered risk sentiment. Heidelberg Materials jumped 4.8% after beating earnings forecasts. Rheinmetall rallied 4.13% after reaffirming its outlook to surpass 2025 guidance.
-
6 days ago | 
fxempire.com | Bob Mason
US Markets Rally as US and UK Sign a Trade DealWall Street rallied on Thursday, May 8, after news of a US-UK trade agreement sparked market excitement. The Nasdaq Composite Index jumped 1.07%, while the Dow and the S&P 500 rose 0.62% and 0.58%, respectively. President Trump announced the trade deal, stating:“The Deal I made today with the United Kingdom is GREAT for our FARMERS and RANCHERS! It’s also wonderful for the United Kingdom.
-
6 days ago | 
fxempire.com | Bob Mason
Ripple Breakthrough? SEC Moves to SettleThere was a major development in the SEC vs. Ripple case on Thursday, May 8, driving XRP to a ten-day high of $2.3301. The SEC filed a settlement letter with the courts, requesting Judge Analisa Torres to amend the Final Judgment.
-
6 days ago | 
fxempire.com | Bob Mason
Japan Household Spending Spotlights the BoJJapan’s household spending report underscored consumer sentiment amid US tariffs and a shifting economic backdrop, spotlighting USD/JPY and the Bank of Japan. Household spending rose unexpectedly by 2.1% year-on-year in March after falling 0.5% in February. Economists forecast a 0.5% decline. The rebound could fuel demand-driven inflation. As private consumption accounts for around 60% of Japan’s GDP, stronger spending may also bolster the economy.
-
1 week ago | 
fxempire.com | Bob Mason
DAX Climbs on Trade Deal Buzz as Markets Eye US-EU Breakthrough BlueprintA surge in trade optimism lifted the DAX on Thursday, May 8, as reports of a first major US trade deal reignited risk appetite. The index opened 0.68% higher at 23,274, with investors betting that a US-China trade thaw could pave the way for a broader US-EU agreement.
-
1 week ago | 
fxempire.com | Bob Mason
US Markets Gain on Fed Hold, AI Optimism, and EarningsWall Street staged a late recovery on Wednesday, May 7, as blockbuster earnings and optimism over AI regulation ignited risk appetite and reversed prior session losses. The Dow gained 0.70%, while the Nasdaq Composite Index and the S&P 500 advanced 0.27% and 0.43%, respectively. Reports that the Trump administration plans to lift AI chip restrictions bolstered demand for semiconductor stocks.
-
1 week ago | 
fxempire.com | Bob Mason
Can China and the US Reach a Trade Agreement? Investor focus has returned to the US-China trade war, with a trade agreement seen as crucial for both economies. However, recent rhetoric from both sides suggests negotiations may be lengthy and potentially heated. Neither Beijing nor Washington appears willing to concede to initiating the talks, highlighting their desire to project strength going into trade talks.
-
1 week ago | 
fxempire.com | Bob Mason
DAX Ends Nine-Day Winning StreakThe DAX snapped a nine-day winning streak on Tuesday, May 6, falling 0.41% to 23,250 in a choppy session. The nine-day rally had brought the DAX within reach of its all-time high of 23,476 before hitting the reverse. The DAX fell to a session low of 22,861 after Merz initially failed to secure enough votes. However, a second vote later in the day led to a rebound after Merz’s election as Chancellor.
