Market focus During the upcoming week traders and investors look to the release of Growth Domestic Product data from the German and United States economies, at a time when the growth prospects of many developed nations is starting to...
Market focus During the upcoming week traders and investors look to the release of Growth Domestic Product data from the German and United States economies, at a time when the growth prospects of many developed nations is starting to...
Cryptocurrencies rebounded today after crashing during the weekend. According to CoinMarketCap, Bitcoin prices have jumped by more than 8% in the past 24 hours. Ethereum rose by more than 8% while other altcoins like Binance Coin, Ripple, and Cardano...
Cryptocurrency prices declined sharply during the weekend as fears of higher interest rates remained. Bitcoin declined to $45,000, which is substantially lower than its all-time high of $65,000. Similarly, Ethereum declined by more than $400 while most altcoins declined...
The Australian dollar was little changed against the US dollar even after the relatively strong Chinese trade numbers. According to the country’s statistics agency, the total exports increased by 32.3% in April after rising by 30.6% in the previous...
The British pound is little changed as the market waits for the upcoming Bank of England (BOE) decision. The bank is expected to leave interest rates unchanged at 0.10%. For now, the bank is expected to leave its quantitative...
US stocks wavered in the regular session and futures market as the market reacted to comments by Janet Yellen on interest rates. In an interview, she said that rates needed to start rising gradually to prevent the economy from...
The British pound is wavering after the relatively mixed economic data from the United Kingdom. According to Markit, the country’s manufacturing PMI increased from 58.9 in March to 60.9 in April. This was a better performance than the median...
Ether price surged to a record high over the weekend as interest in the Ethereum ecosystem increased. The currency crossed the important $3,000 milestone, bringing the total year-to-date gains to more than 300%. This is mostly because of the...
During the upcoming trading week the release of the April US Non-farm payrolls job report and the ISM Manufacturing report headline the economic docket. The US jobs report is expected to show another improvement from the previous months number,...
US stocks closed at a record high after technology companies continued to report strong earnings. Early this week, companies like Tesla, Alphabet, Microsoft, and Apple reported strong quarters of double-digit growth. And yesterday, Amazon reported strong quarterly results as...