EUR/USD Rate Talking Points EUR/USD pulls back from a fresh monthly high (1.2182) even as the European Central Bank (ECB) slows the pace of the pandemic emergency purchase programme (PEPP), and the exchange rate may consolidate over the remainder of the week as itsnaps the series of higher highsRead More →
Litecoin (LTC) has broken the $400 mark, reaching a new all-time high price of $414 on Bitstamp on Monday. The problem with buying Litecoin is that it has become too expensive in a very little period. The world’s 10th-largest cryptocurrency by market capitalization is worth 215% more than itRead More →
US equity markets saw an aggressive rally into the Friday close, with the S&P 500 now back close to ATHs. US data was largely ignored, with investors reverting to default bullishness on the prospects for the US economic recovery. US equity markets were seemingly panic bought into Friday’s close,Read More →
© Reuters. The U.S. flag covers the front facade of the NYSE in New York By Medha Singh and Shivani Kumaresan (Reuters) – The S&P 500 was set to open lower on Tuesday as excitement over signs of a first successful late-stage COVID-19 vaccine trial faded, while investors continuedRead More →
According to Whalemap, there are three major Bitcoin (BTC) whale clusters in the near term that might serve as key technical levels. The $11,857, $12,256 and $12,868 levels would likely act as important support and resistance areas. In previous cycles, whale activity coincided with significant price movements at crucialRead More →
Reuters. People wearing protective masks after a coronavirus outbreak are reflected on a screen displaying the Nikkei index outside a brokerage firm in Tokyo. By Scott Murdoch and Suzanne Barlyn. HONG KONG/NEW YORK (Reuters) – Asian stocks slipped on Tuesday, refreshing Wall Street’s stronger lead, as China’s post-holiday rallyRead More →
A member of staff wearing a protective face mask at the Holiday Inn Whitechapel hotel, operated by InterContinental Hotels Group Plc (IHG), cleans a perspex screen ahead of the hotel’s reopening for general bookings in London, U.K., on Friday, July 3, 2020. Chris Ratcliffe/Bloomberg News European stocks rallied onRead More →
Bitcoin (BTC) is preparing to copy gold as it aims for all-time highs, according to an exchange amid fresh warnings that a correction is due. In a tweet on July 9, Latoken highlighted the increasingly “correlated” relationship between the precious metal and BTC. Bitcoin-gold correlation increasing? After XAU/USD topped $1,800Read More →
Chainlink (LINK), a smart contract blockchain network, is nearing an all-time high after the altcoin broke out today, notching a 11% gain at the time of writing. The altcoin first hit a record high at $5.10 in July 2019 before crashing to $1.35 during the Black Thursday marketwide correction onRead More →
As the price of Bitcoin (BTC) has been consolidating in a range, altcoins have been moving left and right. A few have managed massive triple digit rallies and others like Zilliqa (ZIL) have rallied 1,400% since March 12. VeChain (VET) has been another strong performer and to date the altcoinRead More →
© Reuters. A woman takes photos by the Morgan Stanley building in Times Square in New York SINGAPORE (Reuters) – Stock market gains have further to run and investors are still under-pricing the scale of the world’s coronavirus recovery, investment bank Morgan Stanley (N:) said in an outlook note. “WhileRead More →
President Trump said on Friday that he would reschedule a June 19 campaign rally in Tulsa, Okla., succumbing to calls to change the date of the event that falls on a holiday that marks the end of slavery in the U.S. Via Twitter late Friday, Trump said that he wouldRead More →
© Reuters. Traders wearing masks work, on the first day of in person trading since the closure during the outbreak of the coronavirus disease (COVID-19) on the floor at the NYSE in New York By Medha Singh and Devik Jain (Reuters) – Wall Street’s main indexes were set open lowerRead More →
U.S. stock-market futures edged higher Sunday evening in thin trading, as Wall Street equities looked to add to a rally toward records for the Nasdaq Composite that concluded trade last week on the back of improving economic data in the face of a viral outbreak. How are benchmarks faring? FuturesRead More →
Long time trader John Bollinger has warned that bitcoin’s flash rally to over $10,400 on Monday was fake, adding that losses might be on the way. “This is a Head Fake at the upper Bollinger Band for $btcusd,” tweeted Bollinger, inventor of the Bollinger Bands indicator. A ‘head-fake’ trade happensRead More →
© Reuters. Treasuries Lead Global Bond Rally With Rate-Cut Bets Mounting (Bloomberg) — Treasuries gained for a sixth day, leading a bond rally from Australia to Japan as investors increasingly bet on central banks easing to cope with the global impact of the coronavirus outbreak. Yields on Treasuries sank fourRead More →
© Reuters. An investor sits next to a stock quotation board at a brokerage office in Beijing By Tom Westbrook SINGAPORE (Reuters) – Asian stock markets wobbled on Thursday while safe-havens such as the yen, gold and bonds rose as the number of new coronavirus cases and deaths in theRead More →
By Wayne Cole SYDNEY (Reuters) – Asian share markets followed Wall Street higher on Tuesday as China’s factories struggled to re-open after an extended break, though analysts warned investors might be underestimating how economically damaging the challenge was likely to be. The death toll from the coronavirus epidemic in mainlandRead More →
A week that started with a coronavirus panic looks set to end on a high note. Earnings optimism and the fact that investors no longer seem to be panicking over the deadly China illness is helping. Wall Street has also been distracted by red-hot Tesla TSLA, +0.46% shares, up 12%Read More →
© Reuters. Asian stocks rally as Mideast tensions ease, oil retreats By Tom Westbrook SINGAPORE (Reuters) – Asian stocks rebounded on Thursday and oil beat a retreat, as the United States and Iran backed away from the brink of further conflict in the Middle East and investors reversed their safetyRead More →
© Reuters. Trader works at the New York Stock Exchange By Sruthi Shankar and Susan Mathew (Reuters) – Oil stocks shed the most on the S&P 500 on Tuesday, taking the benchmark index further away from record highs, as investors nervously awaited the latest in the U.S.-Iran standoff. A nearRead More →
Stocks are lurching toward fresh records to commence the first trading day in 2020, but that advance has raised some questions about the run-up in values for broad-market U.S. equity benchmarks. Indeed, the S&P 500’s recent gains have taken it to its priciest level relative to its hourly cost forRead More →
British stocks began the new year with a bang on Thursday but the pound slipped as 2020 started with the same old Brexit fears. The internationally-exposed FTSE 100 UKX, +0.89% jumped 0.9% led by strong gains for mining stocks as China’s central bank cut its reserve requirement ratio forRead More →
After a brutal year for cannabis investors, weed stocks on Tuesday rebounded in the final trading session of 2019. Exchange-traded funds that track cannabis companies jumped more than 5% in Tuesday trading. The Horizons Marjiuana Life Sciences Index ETF HMMJ, +7.10% gained 7.1%, the ETFMG Alternative Harvest ETF MJ, +5.61%Read More →
© Reuters. Traders work on the floor of the NYSE in New York By Manas Mishra (Reuters) – Wall Street dipped in thin trading on the last day of the decade as a year-end rally powered by optimism around trade and a brightening global outlook fizzled out, though the S&PRead More →
