Europe markets jump on Draghi stimulus promise

2019-06-18

European markets shot higher as European Central Bank President Mario Draghi promised stimulus if economic conditions didn’t improve. How did markets perform? The Stoxx 600 SXXP, +0.77%  leapt 0.7% to 381.3 after falling 0.1% Monday. The U.K.’s FTSE 100 UKX, +0.59%  was up 0.5% at 7,395.5. On Monday it dippedRead More →

Bitcoin cracks $8,000, now up 120% year-to-date

2019-05-14

Bitcoin prices continued to march higher on Tuesday, trading through $8,000 for the first time in more than nine months. The price of a single bitcoin BTCUSD, +4.22%  hit an intraday day high around $8,300 and in most recent trade the cryptocurrency was trading at $8,058.90, up 2.5%. The best-knownRead More →

Sainsburys leads London markets quietly higher

2019-05-01

With European markets closed for the May Day holiday, the FTSE 100 in London was higher though trading volume was light. How did markets perform? The U.K.’s FTSE 100 UKX, +0.10%  rose 0.2% to 7,431.2, making up part of Tuesday’s 0.3% loss. The pound GBPUSD, +0.3069%  climbed another 0.3% toRead More →

London markets left behind as Europe rallies

2019-04-03

London markets were flat Wednesday as investors weighed strong economic data from Asia against weak U.K. figures, as well as the latest attempt to move Brexit forward. How did markets perform? The U.K.’s FTSE 100 UKX, -0.01%  was roughly flat at 7,389.3. Investors may have been taking a breather followingRead More →

U.S. dollar on track for losing week

2019-03-15

The U.S. dollar weakened slightly across the board in Friday trading, reversing a move higher the previous day that had snapped a four-day losing streak and leaving a closely followed index on track for a weekly loss. A popular gauge for the greenback headed lower after many mixed U.S. economicRead More →

Dollar holds steady after of retail-sales data

2019-03-11

The U.S. dollar showed little reaction to a highly anticipated retail sales report for January on Monday, hovering just in the green. U.S. retail sales rose by 0.2% in January, while the December reading of -1.2% was revised to -1.6%. January figures excluding cars and excluding cars and gas, roseRead More →

Bitcoin trades higher, on track for 4-day win streak

2019-03-08

Bitcoin traded higher on Friday, looking to register its fourth-consecutive winning session, which would be just the second such streak of 2019. In Friday trade, a single bitcoin BTCUSD, +0.70% changed hands at $3,890.20, up 0.5% since Thursday’s level at 5 p.m. Eastern time of the Kraken exchange. The cryptocurrencyRead More →

Bitcoin extends gains, homes in on $4,000

2019-03-06

Bitcoin prices moved higher on Wednesday, extending gains from the previous session, moving the digital currency toward $3,900 and nearing $4,000 — a level viewed by technical analysts as a point of resistance. In Wednesday morning trade, one bitcoin BTCUSD, +0.02%  was fetching $3,846.30, up 0.3% since Tuesday at 5Read More →

British pound extends gains amid Brexit developments

2019-02-27

Sterling added to gains on Wednesday as investors focused on Brexit developments that left the British pound once again one of the best performers. The U.K. currency GBPUSD, +0.5207% defended its gains from the past sessions, as the possibility of a delay to the March 29 Brexit deadline is becomingRead More →

Bitcoin on track for its best week in two months

2019-02-22

Bitcoin prices rose Friday afternoon, clawing back losses from the previous session and putting the cryptocurrency on track for its best week in two months. Most recently, a single bitcoin BTCUSD, +0.12%  was fetching $3,944.10, up 1.2% since Thursday’s level at 5 p.m. Eastern time on the Kraken exchange. TheRead More →

Bitcoin prices steady but can’t breach $3,500 mark

2019-02-05

Bitcoin prices were mostly unchanged on Tuesday, stuck in a tight trading range below $3,500. In afternoon trading, a single bitcoin BTCUSD, +0.21%  was fetching $3,453.77, up 0.2% since Monday’s level at 5 p.m. Eastern Time on the Kraken crypto exchange. The cryptocurrency has spent the past 48 hours tradingRead More →

Dollar starts the week stronger across the board

2019-02-04

The U.S. dollar strengthened against most of its major rivals Monday, shaking off last week’s weakness that followed the Federal Reserve’s dovish about-face. The ICE U.S. Dollar Index DXY, +0.26% which measures the greenback against six major rivals, was 0.3% higher at 95.853. Last week, the index dropped 0.2% inRead More →

Bitcoin holds firm after VanEck and SolidX pull ETF proposal

2019-01-24

Bitcoin prices were holding firm on Thursday, despite the withdrawal of a widely followed bitcoin-backed exchange-traded fund proposal. On Thursday, bitcoin, BTCUSD, +0.13%  the world’s largest digital currency, was changing hands at $3,583.06, up 0.5% since Wednesday at 5 p.m. Eastern Time on the Kraken exchange. The ETF proposal byRead More →

Heavyweight U.K. banks weigh on FTSE 100

2019-01-22

The FTSE 100 struggled on Tuesday, as the London banking sector came under pressure after earnings from Swiss bank UBS Group AG fell short of analysts’ expectations. Energy stocks were also weaker as oil prices fell on continued concerns about global growth, most recently sparked by a warning from theRead More →