© Reuters. By Peter Nurse Investing.com – The dollar slumped in early European trade Friday, heading for its weakest month in 10 years, as traders fretted about the U.S. economic recovery due to the continued spread of the Covid-19 virus across the Midwest and the failure of U.S. lawmakersRead More →
Don’t look for gold to hedge a falling dollar. That may be a surprise since gold GC00, +0.54% is often the first asset that investors think of when wanting to hedge against currency devaluation. Gold’s reputation has been strongly reinforced since mid-May, as the U.S. Dollar Index DXY, +0.04%Read More →
FOMC Interest Rate Decision, US Dollar, Monetary Policy, Federal Reserve Balance Sheet – Talking Points: The upcoming FOMC interest rate decision may exacerbate the US Dollar’s recent decline USD looks set to extend its losses against its major counterparts after snapping through long-term trend support. Asia-Pacific Recap A mixedRead More →
For many of the market’s altcoins, a rally was in the works even before Bitcoin’s price hike that enabled it to go past $11k took place. However, in the past day’s time, strong bullish momentum in the altcoin market has seen a dip. For the second-largest altcoin Ethereum, theRead More →
It’s increasingly likely that the Democrats will win the White House and the Senate. For investors, that means it’s time to review the environmental, social and governance (ESG) sector, with an emphasis on “green” stocks that might do well under a Joe Biden presidency. For key insights and stockRead More →
© Reuters. FILE PHOTO: A British Airways Boeing 747 is seen at the Heathrow Airport in London LONDON (Reuters) – British Airways faces strike action over its plans to cut jobs, pay and conditions, the BBC reported on Tuesday, piling more pressure on the airline which has been hardRead More →
© Reuters. By Peter Nurse Investing.com – The dollar edged higher in early European trade Tuesday, bouncing off a two-year low, ahead of a Federal Reserve meeting and amid hopes for prompt delivery of the next U.S. fiscal rescue package. At 3:10 AM ET (0710 GMT), the Dollar Index,Read More →
Controversial German payments processor Wirecard — the issuer of several crypto debit cards — has been implicated in a new report on alleged criminal activities by a Mastercard executive operating at the troubled FBME bank in Cyprus. In 2014, the United States’ Financial Crime Enforcement Network had banned U.S.Read More →
“ ‘There are dislocations today that are as large as they were three months ago. ‘ ” — Boaz Weinstein That is Boaz Weinstein, the former star Deutsche Bank DB, -0.62% trader who now runs his own hedge-fund firm, Saba Capital Management explaining his investment outlook during the pandemicRead More →
DXY sticks to the daily recovery although below the 94.00 mark. Markets’ sentiment keeps favouring the safe haven demand on Tuesday. S&P/Case-Shiller Index came in below estimates at 3.7% in May. The greenback, in terms of the US Dollar Index (DXY), remains on the positive note around the 93.70Read More →
There are few indicators capable of accurately detecting professional traders’ sentiment on Bitcoin (BTC). To ascertain whether or not market participants are positioned in a bullish or bearish manner, analysts usually rely on technical analysis and derivatives markets, although those usually mix retail flow. More recently some exchanges createdRead More →
People socializing less and working from home caused a slump in demand for personal care items like deodorant and makeup, consumer goods giant Unilever ULVR, +0.15% said on Thursday. The firm, which owns Dove soap and Axe deodorant, as well as hundreds of other brands, said lockdowns led toRead More →
Source: IG Charts NASDAQ INDEX FUNDAMENTALOUTLOOK: Trading at a 50.4 price-to-earnings (P/E) ratio, Nasdaq’s valuation has reached an inhibitive level Rich valuation amid rising Covid-19 viral risk renders Nasdaq vulnerable to a pullback China’s Shenzhen Composite, trading at 31.9 P/E ratio, is also susceptible to profit-taking Nasdaq Index Outlook:Read More →
Ether (ETH) price has shown an incredibly strong performance this week, rising more than 22% since the start of the week and currently less than one dollar away from setting a new high for 2020. Crypto market weekly price chart. Source: Coin360 As reported by Cointelegraph, the upcoming EthereumRead More →
By Christiana Sciaudone Investing.com — K12 (NYSE:) Inc. runs online public schools and, accordingly, business is booming. “The growth in enrollments that we’re seeing is shocking even to us,” Chief Executive Officer Nathaniel Davis said in a Zoom interview with Investing.com this week. Covid-19 stay-at-home mandates and school closuresRead More →
Dollar Is Losing Its Luster as Investors Line Up to Go Short (Bloomberg) — After rocketing higher in March as the ultimate haven currency, the dollar is now headed for its worst month since the beginning of 2018, and many strategists see the sell-off continuing. Negative real rates inRead More →
Intel Corp. CEO Bob Swan spent nearly an hour Thursday discussing an idea that would once have been unthinkable for the world’s largest semiconductor company: Not making their own chips. Intel’s shares fell 18% Friday morning. Outsourcing is now the norm in this $400 billion industry, but for 50 yearsRead More →
The price of Bitcoin (BTC) is up 5% in the past 24 hours and currently trades at $9,600 after reaching a daily high at $9,664. The overnight increase in BTC coincides with an unexpected decision from the Office of the Comptroller of the Currency (OCC). On July 22, theRead More →
The numbers: Initial jobless claims rose in the week ended July 18 for the first time since late March. New applications for unemployment benefits, a rough gauge of layoffs, rose by 109,000 to 1.42 million, the Labor Department said Thursday. The figures are seasonally adjusted. Economists polled by MarketWatchRead More →
The cryptocurrency ecosystem has evolved substantially over the past decade. While Bitcoin remains the most recognizable flag bearer, the industry’s adoption rates would look quite different if it were not for handy stablecoins. In this regard, Tether has been god-sent for the cryptocurrency market and the larger ecosystem. However,Read More →
UK Retail Sales Overview The UK Retail Sales, scheduled to be published at 06:00 GMT on Friday, is expected to ease from 12% prior advance to 8% MoM in June. Total retail sales are still seen depleting 6.4% over the year in the reported month, though up from -13.1%Read More →
Dow Inc. (DOW), the chemical industry titan, has just posted lackluster Q2 results, which were pummeled by pronounced softness in the global economy precipitated by the coronavirus pandemic. The company topped analysts’ revenue estimates but failed to live up to the expectations on loss per share, even considering theRead More →
© Reuters. By Peter Nurse Investing.com – The dollar was in retreat in early European trade Friday, weighed by doubts about the strength of the U.S. economic recovery as the country struggles to curb the number of coronavirus cases. At 3:10 AM ET (0710 GMT), the Dollar Index, whichRead More →
All these years, Bitcoin has been called different names, it has phased, morphed into being different things; from being an asset used in the dark web to an asset that aids in speculative trading. Between name-calling and morphing, Bitcoin has evolved into an asset that is now being consideredRead More →
United Airlines Holdings Inc. late Tuesday reported a billion-dollar quarterly loss, giving investors a look into financials thoroughly wrecked by the pandemic and the near standstill on air travel. United UAL, +2.28% said it lost $1.6 billion, or $5.79 a share, in the second quarter, contrasting with a profitRead More →
