Ethereum: USD/ETH (ETH=) price seems to be struggling to clear the $134 and $135 resistance levels

Ethereum: USD/ETH (ETH=) price seems to be struggling to clear the $134 and $135 resistance levels

Ethereum: USD/ETH (ETH=) price seems to be struggling to clear the $134 and $135 resistance levels After struggling to stay above the $140 level, Ethereum price started a downside correction against the US Dollar. ETH price topped near the $142 level and it traded below the $135 support area. Besides, it broke the $130 level and the […]

Shanghai world’s top IPO market as Hong Kong falls to sixth place in first quarter

Shanghai world’s top IPO market as Hong Kong falls to sixth place in first quarter

Shanghai overtook Hong Kong as the world’s top initial public offering (IPO) destination in the first three months of the year, but mega deals waiting in the wings for calmer markets could yet shake up the full-year rankings. The Shanghai exchange’s stellar performance in the first quarter was in part due to the 30.7 billion […]

Shanghai: SSE Composite Index (.SSEC) stocks climb as factory activity rebounds, spurs hopes of recovery

Shanghai: SSE Composite Index (.SSEC) stocks climb as factory activity rebounds, spurs hopes of recovery

Shanghai: SSE Composite Index (.SSEC) stocks climb as factory activity rebounds, spurs hopes of recovery China shares climbed on Tuesday after the country reported a better-than-expected industrial activity, spurring hopes that the world’s second-largest economy is starting to recover from the shock of the coronavirus pandemic. At the midday break, the Shanghai Composite index was […]

Euro: USD/EUR (EUR=X) Uncertainty remains high amid the coronavirus pandemic, investors cautious

Euro: USD/EUR (EUR=X) Uncertainty remains high amid the coronavirus pandemic, investors cautious

Euro: USD/EUR (EUR=X) Uncertainty remains high amid the coronavirus pandemic, investors cautious The euro was a relative underperformer yesterday in the FX market, taking EUR/USD’s price back below its 200-day moving average and broke below its weekly support level before partially, testing conformist breakout strategies at the very start of the week. The news thus far hasn’t been […]

United States Oil (USO) hits 18-year low as lockdowns diminish demand

United States Oil (USO) hits 18-year low as lockdowns diminish demand

United States Oil (USO) hits 18-year low as lockdowns diminish demand Crude oil fell sharply on Monday, with U.S. crude briefly dropping below $20 and Brent hitting its lowest level in 18 years, on heightened fears that the global coronavirus shutdown could last months and demand for fuel could evaporate further. Brent crude, the international […]

Coronavirus can’t destroy Bitcoin: USD/BTC (BTC=X)

Coronavirus can’t destroy Bitcoin: USD/BTC (BTC=X)

Coronavirus can’t destroy Bitcoin: USD/BTC (BTC=X) Bullish on the distributive and decentralizing power of blockchain, the tech that powers Bitcoin and other leading crypto digital assets, he is now reassuring the trembling masses following today’s rapid fall of Bitcoin and crypto prices. Bitcoin dipped 9% pushing month-to-date losses to 29%. At the time of press, […]

DAX PERFORMANCE-INDEX (.GDAXI) – Europe to Rebound but Trump Abandons Early Economy Restart Plan

DAX PERFORMANCE-INDEX (.GDAXI) – Europe to Rebound but Trump Abandons Early Economy Restart Plan

DAX PERFORMANCE-INDEX (.GDAXI) – Europe to Rebound but Trump Abandons Early Economy Restart Plan European stock markets are set to open cautiously higher Monday, rebounding after Friday’s sharp losses but weighed on by President Donald Trump’s decision to abandon his plans for an early reopening of the U.S. economy. At 2:30 ET (0630 GMT), the […]

UK FTSE 100 (.FTSE) opens flat today over mounting fears that the global shutdown to combat the coronavirus pandemic could last for months

UK FTSE 100 (.FTSE) opens flat today over mounting fears that the global shutdown to combat the coronavirus pandemic could last for months

UK FTSE 100 (.FTSE) opens flat today over mounting fears that the global shutdown to combat the coronavirus pandemic could last for months The FTSE 100 opened flat today over mounting fears that the global shutdown to combat the coronavirus pandemic could last for months. The index of Britain’s leading companies started the day in London at 5,510 where […]

Shanghai: SSE Composite Index (.SSEC) – Asia shares suffer virus chills, central banks offer cold comfort

Shanghai: SSE Composite Index (.SSEC) – Asia shares suffer virus chills, central banks offer cold comfort

Shanghai: SSE Composite Index (.SSEC) – Asia shares suffer virus chills, central banks offer cold comfort Asian shares slid on Monday as fears mounted that the global coronavirus shutdown could last for months although markets regained some lost ground late in the session with Australia posting a standout jump. U.S. and European futures also turned […]

British Pound: USD/GBP (GBP=X) road-blocked on charts after best week since 2009

British Pound: USD/GBP (GBP=X) road-blocked on charts after best week since 2009

British Pound: USD/GBP (GBP=X) road-blocked on charts after best week since 2009 The Pound-to-Dollar rate closed out its largest weekly gain for over a decade on Friday but it’s now tipped to ecounter resistance on the charts that could act as a road-block Sterling over the coming days, although investor appetite for risk and demand […]

Australian Dollar: USD/AUD (AUD=X) dollar breaks through 61 US cents

Australian Dollar: USD/AUD (AUD=X) dollar breaks through 61 US cents

Australian Dollar: USD/AUD (AUD=X) dollar breaks through 61 US cents The Australian dollar rose through 0.61 US cents through trade on Friday, buoyed by a continued run in improved risk sentiment. The Australian dollar closed the week higher against the greenback, up nearly 1.37% for the day reaching a high of 0.6199, its highest level […]

Dow Jones Industrial Average (.DJI) just entered a new bull-market phase

Dow Jones Industrial Average (.DJI) just entered a new bull-market phase

Dow Jones Industrial Average (.DJI) just entered a new bull-market phase The bull market is dead, long live the bull market. By some accounts, the Dow Jones Industrial Average DJIA, +6.37% just entered a new bull-market phase, killing the 11-day-old bear market. To some market participants that notion may, indeed, feel like a lot of bull. It may […]

Keep Alphabet Inc. (NASDAQ:GOOG) Stock on Your Radar as Markets Continue to Tumble

Keep Alphabet Inc. (NASDAQ:GOOG) Stock on Your Radar as Markets Continue to Tumble

Keep Alphabet Inc. (NASDAQ:GOOG) Stock on Your Radar as Markets Continue to Tumble The coronavirus may have decimated market indices, but how does this factor into future prospects for Alphabet (NASDAQ:GOOG GOOGL)? GOOG stock, a FANG component and de-facto “NASDAQ Blue Chip”, has tumbled in the market maelstrom. Shares have dropped from above $1500 per share to just […]

Tesla, Inc. (NASDAQ:TSLA) stock (TSLA) has surged 40% in a week

Tesla, Inc. (NASDAQ:TSLA) stock (TSLA) has surged 40% in a week

Tesla, Inc. (NASDAQ:TSLA) stock (TSLA) has surged 40% in a week Tesla stock (NASDAQ:TSLA) has surged 40% over the past seven days. Tesla’s recovery comes amidst some updates from Wall Street about the electric car maker’s short-term and long-term prospects. In a note earlier this week, Argus Research analyst Bill Selesky cut his rating on […]

Amid Coronavirus Lockdown, Facebook, Inc. (NASDAQ:FB) Portal TV Video Chat Device Sold Out

Amid Coronavirus Lockdown, Facebook, Inc. (NASDAQ:FB) Portal TV Video Chat Device Sold Out

Amid Coronavirus Lockdown, Facebook, Inc. (NASDAQ:FB) Portal TV Video Chat Device Sold Out Dismissed by industry analysts, Facebook’s Portal TV video chat device has been sold out on company’s website as well as on online platforms like Best Buy and Amazon, as people find the video calling app best way to stay in touch with […]

United States Oil (USO) – Ten Signs the Oil Industry is Bent Out of Shape

United States Oil (USO) – Ten Signs the Oil Industry is Bent Out of Shape

United States Oil (USO) – Ten Signs the Oil Industry is Bent Out of Shape The oil industry has been hit by a simultaneous demand and supply shock in March as the coronavirus pandemic cuts fuel consumption and top producer Saudi Arabia raises output to full capacity to fight a price war with rivals. International […]

Bitcoin: USD/BTC (BTC=X) positioned itself back in the control of bearish traders

Bitcoin: USD/BTC (BTC=X) positioned itself back in the control of bearish traders

Bitcoin: USD/BTC (BTC=X) positioned itself back in the control of bearish traders Bitcoin has positioned itself back in the control of bearish traders after being rejected from the $7,000 level of resistance for the third time in as many days. After tapping $6,980 Bitcoin proceeded to fall dramatically, sliding all the way down to $6,460 […]

Market Optimism Lifts The Canadian Dollar: USD/CAD (CAD=X)

Market Optimism Lifts The Canadian Dollar: USD/CAD (CAD=X)

Market Optimism Lifts The Canadian Dollar: USD/CAD (CAD=X) USD/CAD breached the 1.4330 support level and quickly moved closer to the 1.4000, supported by broad U.S. dollar weakness. The U.S. Dollar Index corrected from 104 to 100 in a matter of several days, so many currencies have experienced material upside against the U.S. dollar. Many asset classes […]

British Pound: USD/GBP (GBP=X) soars alongside stocks as equities look past jobless claims

British Pound: USD/GBP (GBP=X) soars alongside stocks as equities look past jobless claims

British Pound: USD/GBP (GBP=X) soars alongside stocks as equities look past jobless claims The British Pound was the best-performing major currency on Thursday, rallying alongside a broad “risk-on” tilt in global equities. Lately, Sterling appears to have become more sensitive to risk assets. On Wall Street, the Dow Jones and S&P 500 closed 6.38% and 6.24% […]

Euro: USD/EUR (EUR=X) rally was the result of persistent dollar’s weakness

Euro: USD/EUR (EUR=X) rally was the result of persistent dollar’s weakness

Euro: USD/EUR (EUR=X) rally was the result of persistent dollar’s weakness The EUR/USD pair has retaken the 1.1000 threshold this Thursday, extending its intraday advance to 1.1044. The rally was the result of persistent dollar’s weakness, as the American currency edged lower against all of its major rivals, despite sentiment fluctuated throughout the day. Asian […]

Japanese Yen: USD/JPY (JPY=X) – US Dollar Breaks Through Major Support

Japanese Yen: USD/JPY (JPY=X) – US Dollar Breaks Through Major Support

Japanese Yen: USD/JPY (JPY=X) – US Dollar Breaks Through Major Support The US dollar has broken down significantly during the trading session on Thursday, slicing through the bottom of several hammers that had formed over the last several days. At this point, the ¥112 level is an area that seems to be crucial for traders to pay […]

Australian Dollar: USD/AUD (AUD=X) at its highest in over a week near 0.6100

Australian Dollar: USD/AUD (AUD=X) at its highest in over a week near 0.6100

Australian Dollar: USD/AUD (AUD=X) at its highest in over a week near 0.6100 The AUD/USD pair is ending the day with gains around 0.6080, a fresh weekly high, underpinned by rallying equities and a weaker dollar in the last trading session of the day. The pair recovered from an early low of 0.5869, a result […]

Tesla, Inc. (NASDAQ:TSLA) Stock Is Positioned for Future Success

Tesla, Inc. (NASDAQ:TSLA) Stock Is Positioned for Future Success

Tesla, Inc. (NASDAQ:TSLA) Stock Is Positioned for Future Success It wasn’t so long ago that the big story of 2020 was the success of Tesla Inc (NASDAQ:TSLA). Tesla stock started the year hot, gaining as much as 100% before the novel coronavirus (COVID-19) derailed the economy. With TSLA stock falling, much like the rest of the stock […]

Facebook, Inc. (NASDAQ:FB) Says Fast Spread of Coronavirus Hits Advertising Sales, Apps Usage Surges

Facebook, Inc. (NASDAQ:FB) Says Fast Spread of Coronavirus Hits Advertising Sales, Apps Usage Surges

Facebook, Inc. (NASDAQ:FB) Says Fast Spread of Coronavirus Hits Advertising Sales, Apps Usage Surges Facebook Inc (FB) said the coronavirus outbreak is slowing down its advertising sales, even as usage of its social media platforms is growing fast following a lockdown in many countries around the world. “We’ve seen a weakening in our ads business […]

United States Oil (USO) Losses capped as U.S. Senate passes $2 trln stimulus

United States Oil (USO) Losses capped as U.S. Senate passes $2 trln stimulus

United States Oil (USO) Losses capped as U.S. Senate passes $2 trln stimulus Oil prices fell on Thursday, ending three sessions of gains, as movement restrictions worldwide to contain the coronavirus destroyed demand and overshadowed expectations that a U.S. $2 trillion emergency stimulus will bolster economic activity. Brent crude futures fell $1.04, or 3.75%, to […]

Ethereum: USD/ETH (ETH=) Co-founder Proposes “Trustless” and “Serverless” BTC-ETH Swaps

Ethereum: USD/ETH (ETH=) Co-founder Proposes “Trustless” and “Serverless” BTC-ETH Swaps

Ethereum: USD/ETH (ETH=) Co-founder Proposes “Trustless” and “Serverless” BTC-ETH Swaps Ethereum co-founder Vitalik Buterin says the absence of trustless and serverless swapping between Bitcoin (BTC) and Ethereum (ETH) is a source of embarrassment for the crypto industry at large. Buterin Advocates Easy Swapping Between BTC and ETH  Tweeting on Tuesday (March 24, 2020), Buterin argued for […]

Bitcoin: USD/BTC (BTC=X) Price hit by dramatic value fluctuations amid coronavirus panic buying and selling

Bitcoin: USD/BTC (BTC=X) Price hit by dramatic value fluctuations amid coronavirus panic buying and selling

Bitcoin: USD/BTC (BTC=X) Price hit by dramatic value fluctuations amid coronavirus panic buying and selling Bitcoin has experienced wild price swings in recent days as cryptocurrency markets respond to the global economic uncertainty sparked by the coronavirus epidemic. The cryptocurrency has swung between highs of $9,000 and lows of 4,000 since the start of March, representing the most severe price […]

UK FTSE 100 (.FTSE) UK banks told to keep lending, stocks rise, inflation falls

UK FTSE 100 (.FTSE) UK banks told to keep lending, stocks rise, inflation falls

UK FTSE 100 (.FTSE) UK banks told to keep lending, stocks rise, inflation falls UK banks warned to keep lending to firms UK banks have been told to keep lending to businesses to ensure that they do not collapse as a result of the coronavirus pandemic, the Bank of England and the government warned on […]

Canadian Dollar: USD/CAD (CAD=X) Shows Strength Despite Oil Price Weakness

Canadian Dollar: USD/CAD (CAD=X) Shows Strength Despite Oil Price Weakness

Canadian Dollar: USD/CAD (CAD=X) Shows Strength Despite Oil Price Weakness Markets Stay Optimistic For Now, Leading To Weakness In The U.S. Dollar The Canadian dollar is showing strength despite continued weakness in oil, which is hurt by prospects of worsening oil demand. The U.S. Dollar Index was in a correction mode today and almost touched 101 but […]

Japanese Yen: USD/JPY (JPY=X) US Dollar Continues to Power Higher

Japanese Yen: USD/JPY (JPY=X) US Dollar Continues to Power Higher

Japanese Yen: USD/JPY (JPY=X) US Dollar Continues to Power Higher The US dollar rallied a bit during the trading session again on Wednesday, as the ¥112 level looms large just above. If the market can finally break through there, it will obviously go much higher, due to the fact that every time this market has […]

Australian Dollar: USD/AUD (AUD=X) Struggling At Major Round Figure

Australian Dollar: USD/AUD (AUD=X) Struggling At Major Round Figure

Australian Dollar: USD/AUD (AUD=X) Struggling At Major Round Figure The Australian dollar had a strong start to the trading session on Wednesday but gave back quite a bit of the gains once we get above the 0.60 level. Ultimately, this is a pair that is highly sensitive to risk appetite and that of course is a major […]

Dow Jones Industrial Average (.DJI) futures jump after White House, Senate reach deal on stimulus bill

Dow Jones Industrial Average (.DJI) futures jump after White House, Senate reach deal on stimulus bill

Dow Jones Industrial Average (.DJI) futures jump after White House, Senate reach deal on stimulus bill Stock futures were surging again in early Wednesday morning trading, following Tuesday’s historic rally, as the White House and Senate reached a deal on a coronavirus stimulus bill. Around 6:00 a.m. ET, futures on the Dow Jones Industrial Average […]

Twitter, Inc. (NYSE:TWTR) Advertising revenue takes a hit

Twitter, Inc. (NYSE:TWTR) Advertising revenue takes a hit

Twitter, Inc. (NYSE:TWTR) Advertising revenue takes a hit After the market closed on Monday, social network Twitter (NYSE:TWTR) joined a growing chorus of companies that have either reduced or withdrawn their guidance for the current quarter, citing the impact of COVID-19, or the coronavirus. Twitter withdrew its outlook for certain financial metrics for the first quarter of 2020. […]

United States Oil (USO) prices still down about 45% so far this month

United States Oil (USO) prices still down about 45% so far this month

United States Oil (USO) prices still down about 45% so far this month Oil prices extended gains for a third session on Wednesday, rising alongside broader financial markets as the United States is expected to approve a massive aid package to stem the economic impact of the coronavirus pandemic. U.S. crude rose to a high of $25.24 a barrel early […]

Bitcoin: USD/BTC (BTC=X) approaching the critical $6,800 level of resistance after surging by more than 15% in the past 24 hours

Bitcoin: USD/BTC (BTC=X) approaching the critical $6,800 level of resistance after surging by more than 15% in the past 24 hours

Bitcoin: USD/BTC (BTC=X) approaching the critical $6,800 level of resistance after surging by more than 15% in the past 24 hours Bitcoin is approaching the critical $6,800 level of resistance after surging by more than 15% in the past 24 hours. The tremendous move to the upside will come as a surprise to the majority […]

Facebook, Inc. (NASDAQ:FB) says coronavirus hits advertising sales

Facebook, Inc. (NASDAQ:FB) says coronavirus hits advertising sales

Facebook, Inc. (NASDAQ:FB) says coronavirus hits advertising sales  Facebook Inc said on Tuesday the coronavirus outbreak was undercutting sales of the advertising that accounts for nearly all of its revenue, even as more users spend time on the social network during virus-related lockdowns. “We don’t monetize many of the services where we’re seeing increased engagement, […]

British Pound: USD/GBP (GBP=X) Rallies Yet Again

British Pound: USD/GBP (GBP=X) Rallies Yet Again

British Pound: USD/GBP (GBP=X) Rallies Yet Again The British pound initially drifted a little bit lower during the trading session on Tuesday but continues to find support at the 1.15 level. This is an extraordinarily low level to say the least, and the British pound is most certainly oversold at this point. The question now is whether […]

Euro: USD/EUR (EUR=X) Limited Bullish Potential

Euro: USD/EUR (EUR=X) Limited Bullish Potential

Euro: USD/EUR (EUR=X) Limited Bullish Potential EUR/USD consolidates as the Federal Reserve ramps up its effort to support the US economy, but the exchange rate may continue to give back the advance from the 2017 low (1.0340) as the US Dollar benefits from the flight to safety. EUR/USD REBOUNDS AS FED PLANS TO PURCHASE CMBS BUT WILL IT […]

Australian Dollar: USD/AUD (AUD=X) Neutral In The Short-Term

Australian Dollar: USD/AUD (AUD=X) Neutral In The Short-Term

Australian Dollar: USD/AUD (AUD=X) Neutral In The Short-Term The Australian dollar advanced against its American rival to 0.5975, its highest for this week, with the pair ending the day around 0.5900. Data coming from the country were mixed, as the Commonwealth Bank Services PMI plunged to 39.8 in March according to preliminary estimates, although the […]

Alphabet Inc. (NASDAQ:GOOG) Launches Coronavirus Website in the U.S.

Alphabet Inc. (NASDAQ:GOOG) Launches Coronavirus Website in the U.S.

Alphabet Inc. (NASDAQ:GOOG) Launches Coronavirus Website in the U.S. Alphabet Inc.‘s GOOGL Google is leaving no stone unturned to bolster initiatives to help the society in fighting the coronavirus pandemic. This is evident from the company’s latest move of launching a website in the United States to bring in more awareness among people about the […]

Tesla, Inc. (NASDAQ:TSLA) stock (TSLA) tumbles below $400 on factory shutdown order

Tesla, Inc. (NASDAQ:TSLA) stock (TSLA) tumbles below $400 on factory shutdown order

Tesla, Inc. (NASDAQ:TSLA) stock (TSLA) tumbles below $400 on factory shutdown order As a volatile stock, Tesla (TSLA) has taken a strong hit in this market correction triggered by the coronavirus crisis. Now the stock tumbles even further, below $400 a share, as the automaker is forced to shut down their Fremont factory. As we […]

Twitter, Inc. (NYSE:TWTR) Retracts Earnings Forecasts Amid Coronavirus Pandemic

Twitter, Inc. (NYSE:TWTR) Retracts Earnings Forecasts Amid Coronavirus Pandemic

Twitter, Inc. (NYSE:TWTR) Retracts Earnings Forecasts Amid Coronavirus Pandemic Twitter on Monday withdrew its revenue and operating income forecasts for the first quarter of 2020 amid the coronavirus pandemic. The social media giant also retracted its outlook for expenses, stock-based compensation, headcount and capital expenditures for the full fiscal year “due to the growing impact […]

Ethereum: USD/ETH (ETH=) Climbs 10% In Rally

Ethereum: USD/ETH (ETH=) Climbs 10% In Rally

Ethereum: USD/ETH (ETH=) Climbs 10% In Rally Ethereum was trading at $136.02 by 19:59 (23:59 GMT) on the Investing.com Index on Monday, up 10.01% on the day. It was the largest one-day percentage gain since March 23. The move upwards pushed Ethereum’s market cap up to $14.83B, or 0.00% of the total cryptocurrency market cap. […]

Bitcoin: USD/BTC (BTC=X) Climbs 10% As Investors Gain Confidence

Bitcoin: USD/BTC (BTC=X) Climbs 10% As Investors Gain Confidence

Bitcoin: USD/BTC (BTC=X) Climbs 10% As Investors Gain Confidence Bitcoin was trading at $6,473.5 by 19:54 (23:54 GMT) on the Investing.com Index on Monday, up 10.06% on the day. It was the largest one-day percentage gain since March 23. The move upwards pushed Bitcoin’s market cap up to $117.3B, or 0.00% of the total cryptocurrency […]

Australian Dollar: USD/AUD (AUD=X) Still At Risk Of Falling As Buyers Remain Side-Lined

Australian Dollar: USD/AUD (AUD=X) Still At Risk Of Falling As Buyers Remain Side-Lined

Australian Dollar: USD/AUD (AUD=X) Still At Risk Of Falling As Buyers Remain Side-Lined The AUD/USD pair had a relatively quiet day, ending it unchanged around 0.5790. The pair seesawed within familiar levels trapped between the usual dollar’s demand, and resurgent gold prices. The bright metal soared to $1,561.21 a troy ounce, limiting the downside for […]

The percentage drop so far in March for the Dow Jones Industrial Average (.DJI) would rank as its second-worst in history

The percentage drop so far in March for the Dow Jones Industrial Average (.DJI) would rank as its second-worst in history

The percentage drop so far in March for the Dow Jones Industrial Average (.DJI) would rank as its second-worst in history The month of March has rolled in like a ferocious lion for bullish stock-market investors, leaving little but carnage in its aftermath, as uncertainties about the effects of the coronavirus outbreak abound. The decline […]

United States Oil (USO) – Futures market points to negative open for U.S. stock markets, oil edges lower

United States Oil (USO) – Futures market points to negative open for U.S. stock markets, oil edges lower

United States Oil (USO) – Futures market points to negative open for U.S. stock markets, oil edges lower U.S. stock markets were set to plunge at the start of the trading week as the futures market suggested a negative start to trading. The move would come after the worst week of trading for North American […]

Ethereum: USD/ETH (ETH=) Mining Rigs Are Helping to Battle the Coronavirus

Ethereum: USD/ETH (ETH=)  Mining Rigs Are Helping to Battle the Coronavirus

Ethereum: USD/ETH (ETH=) Mining Rigs Are Helping to Battle the Coronavirus Several cryptocurrency mining projects – particularly those devoted to extracting new Ethereum tokens – have been pulled away from their mining duties and been made to turn their attention towards coronavirus research. Ethereum Mining Rigs Are Helping to Battle the Coronavirus The coronavirus was recently declared a global pandemic by […]

COVID-19 Panic Tests Bitcoin: USD/BTC (BTC=X) Uncorrelated Asset Narrative

COVID-19 Panic Tests Bitcoin: USD/BTC (BTC=X) Uncorrelated Asset Narrative

COVID-19 Panic Tests Bitcoin: USD/BTC (BTC=X) Uncorrelated Asset Narrative Bitcoin Trading Correlation with S&P 500 Reaches All-Time High Data from crypto analytics platform Coin Metrics shows that the correlation between the two top-ranked cryptos — Bitcoin and Ethereum, and the S&P 500 reached an all-time high (ATH) levels over the last 30 days. Like the Nasdaq and the Dow, […]

Bitcoin: USD/BTC (BTC=X) is on its way to reinstating its reputation as a safe haven asset

Bitcoin: USD/BTC (BTC=X) is on its way to reinstating its reputation as a safe haven asset

Bitcoin: USD/BTC (BTC=X) is on its way to reinstating its reputation as a safe haven asset Bitcoin is on its way to reinstating its reputation as a safe haven asset as it rallied by more than 10% in the past 24-hours. The sudden move to the upside coincided with a further correction in global stock […]

Facebook, Inc. (NASDAQ:FB) has been falsely flagging posts as spam

Facebook, Inc. (NASDAQ:FB) has been falsely flagging posts as spam

Facebook, Inc. (NASDAQ:FB) has been falsely flagging posts as spam Facebook, Inc. (NASDAQ: FB) has been falsely flagging posts as spam that are from a number of legitimate news organizations such as the BBC, Axios, The Atlantic and USA Today.  The issue seems to occur with posts that have too many external links, according to USA Today. […]

United States Oil (USO) – President Donald Trump has ordered the Department of Energy to purchase 77 million barrels of American-made crude oil to support U.S. oil producers

United States Oil (USO) – President Donald Trump has ordered the Department of Energy to purchase 77 million barrels of American-made crude oil to support U.S. oil producers

United States Oil (USO) – President Donald Trump has ordered the Department of Energy to purchase 77 million barrels of American-made crude oil to support U.S. oil producers President Donald Trump has ordered the Department of Energy to purchase 77 million barrels of American-made crude oil to support U.S. oil producers who have hit hard […]

Tesla, Inc. (NASDAQ:TSLA) came roaring back

Tesla, Inc. (NASDAQ:TSLA) came roaring back

Tesla, Inc. (NASDAQ:TSLA) came roaring back Tesla stock (NASDAQ:TSLA) came roaring back on Tuesday’s early morning trading, bouncing as high as $434.54 per share amid news of an upgrade from Wall Street. In a recent note, Morgan Stanley analyst Adam Jonas upgraded Tesla from “Underperform” to “Equal-Weight,” while putting a $460 per share price target […]

Alphabet Inc. (NASDAQ:GOOG) European Workers Now Have a Bigger Say in Operations

Alphabet Inc. (NASDAQ:GOOG) European Workers Now Have a Bigger Say in Operations

Alphabet Inc. (NASDAQ:GOOG) European Workers Now Have a Bigger Say in Operations Alphabet‘s (NASDAQ: GOOG) (NASDAQ: GOOGL) Google employees in Europe will have a bigger say in operations, with the internet search giant agreeing to the creation of a workers council. Once the council is up and running, in theory, it will give employees a say in business issues, including […]

Dow Jones Industrial Average (.DJI) gains 190 points as tech stocks nudge Wall Street up

Dow Jones Industrial Average (.DJI) gains 190 points as tech stocks nudge Wall Street up

Dow Jones Industrial Average (.DJI) gains 190 points as tech stocks nudge Wall Street up The Dow Jones Industrial Average increased nearly 190 points as the U.S. stock market rebounded slightly Thursday with the help of big tech stocks. The Dow closed up 188.27 points, or 2.3 percent, on the day, the S&P 500 increased […]

Canadian Dollar: USD/CAD (CAD=X) faces heavy selling pressure as oil plunged to levels not seen since 2003

Canadian Dollar: USD/CAD (CAD=X) faces heavy selling pressure as oil plunged to levels not seen since 2003

Canadian Dollar: USD/CAD (CAD=X) faces heavy selling pressure as oil plunged to levels not seen since 2003 Yesterday, Canadian dollar faced heavy selling pressure as oil plunged to levels not seen since 2003. Today, oil is getting support from bargain hunters as well as from the U.S. government, which decided to purchase 30 million barrels of oil […]

Bitcoin: USD/BTC (BTC=X) price stabilises around $5,000

Bitcoin: USD/BTC (BTC=X) price stabilises around $5,000

Bitcoin: USD/BTC (BTC=X) price stabilises around $5,000 Bitcoin price We closed the day, March 17 2020, at a price of $5,225. That’s a respectable 4.45 percent increase in 24 hours, or $223. It was the highest closing price in one day. We’re still 73 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017). Bitcoin […]

United States Oil (USO) – US President Donald Trump’s administration sanctioned nine entities for “trading or transporting” oil with Iran

United States Oil (USO) – US President Donald Trump’s administration sanctioned nine entities for “trading or transporting” oil with Iran

United States Oil (USO) – US President Donald Trump’s administration sanctioned nine entities for “trading or transporting” oil with Iran The blacklisted companies include three mainland China-based firms, three Hong Kong-based companies and one South African company. The blacklist was also extended to include two entities connected to the South African company, SPI International Proprietary […]

Tesla, Inc. (NASDAQ:TSLA) to cut Fremont factory workforce from 10,000 to 2,500 amid coronavirus order

Tesla, Inc. (NASDAQ:TSLA) to cut Fremont factory workforce from 10,000 to 2,500 amid coronavirus order

Tesla, Inc. (NASDAQ:TSLA) to cut Fremont factory workforce from 10,000 to 2,500 amid coronavirus order Tesla, Inc. is reducing its workforce at its Fremont factory from 10,000 people to around 2,500 amid a regional shutdown to curb the spread of the coronavirus pandemic. Alameda County Sheriff’s Sgt. Ray Kelly said that Tesla had told him on a […]

Government Wants Facebook, Alphabet Inc. (NASDAQ:GOOG) to Track Coronavirus Using Smartphone Data

Government Wants Facebook, Alphabet Inc. (NASDAQ:GOOG) to Track Coronavirus Using Smartphone Data

Government Wants Facebook, Alphabet Inc. (NASDAQ:GOOG) to Track Coronavirus Using Smartphone Data The federal government wants Facebook (NASDAQ: FB), Alphabet’s Google(NASDAQ: GOOG) (NASDAQ: GOOGL), and other tech giants to use the geolocation data they collect from smartphones to track the coronavirus outbreak, including potentially whether people are keeping an appropriate distance from one another. The data gathered would reportedly be […]

Canadian Dollar: USD/CAD (CAD=X) – Panic Selling Pushes Canadian Dollar To New Lows

Canadian Dollar: USD/CAD (CAD=X) – Panic Selling Pushes Canadian Dollar To New Lows

Canadian Dollar: USD/CAD (CAD=X) – Panic Selling Pushes Canadian Dollar To New Lows There’s panic in the markets today, and USD/CAD is no exception. As the U.S. Dollar Index raced through the important 100 level, the U.S. dollar gained a lot of ground against many currencies. Even more importantly, the Canadian dollar suffered a fundamental blow due […]

British Pound: USD/GBP (GBP=X) Breaks Through Major Figure

British Pound: USD/GBP (GBP=X) Breaks Through Major Figure

British Pound: USD/GBP (GBP=X) Breaks Through Major Figure The British pound initially tried to rally during the trading session on Wednesday but then gave back all of the gains and sliced through the 1.20 level to show signs of weakness yet again. The fact that we have sliced through the 1.20 level shows you just how weak […]

Euro: USD/EUR (EUR=X) Forecast: Scope To Extend Its Slump Below It

Euro: USD/EUR (EUR=X) Forecast: Scope To Extend Its Slump Below It

Euro: USD/EUR (EUR=X) Forecast: Scope To Extend Its Slump Below It Fretting investors blindly bought the greenback this Wednesday, with major currencies plummeting to multi-year and even multi-decade lows against their American rival. The EUR/USD pair attempted to regain the 1.1000 figure but finally collapsed to 1.0807, approaching this year low at 1.0777. Despite governments […]

Japanese Yen: USD/JPY (JPY=X) – US Dollar Recovers After Initial Fall

Japanese Yen: USD/JPY (JPY=X) – US Dollar Recovers After Initial Fall

Japanese Yen: USD/JPY (JPY=X) – US Dollar Recovers After Initial Fall The US dollar initially pulled back a bit during the trading session on Wednesday but then turned around to show signs of strength. The ¥108 level is going to offer a bit of resistance, and so will the 200 day EMA which sits just above there. […]

Australian Dollar: USD/AUD (AUD=X) Breaks Major Level

Australian Dollar: USD/AUD (AUD=X) Breaks Major Level

Australian Dollar: USD/AUD (AUD=X) Breaks Major Level The Australian dollar has broken through the 0.60 level, an area that is important due to the fact that it was the low of the financial crisis. Now that we are through that level, we need to start looking back along the lines of 20 years ago. The 0.58 level […]

United States Oil (USO) hits 17-year low as lockdowns, restrictions spread

United States Oil (USO) hits 17-year low as lockdowns, restrictions spread

United States Oil (USO) hits 17-year low as lockdowns, restrictions spread Oil prices fell for a third session on Wednesday with U.S. crude futures tumbling to a 17-year low as travel and social lockdowns sparked by the coronavirus epidemic knocked the outlook for demand. U.S. crude was down $1.49 cents, or 5.53%, at $25.46 per […]

Bitcoin: USD/BTC (BTC=X) Dips Below 5,269.1 Level

Bitcoin: USD/BTC (BTC=X) Dips Below 5,269.1 Level

Bitcoin: USD/BTC (BTC=X) Dips Below 5,269.1 Level Bitcoin fell bellow the $5,269.1 level on Tuesday. Bitcoin was trading at 5,269.1 by 13:11 (17:11 GMT) on the Investing.com Index, down 4.71% on the day. It was the largest one-day percentage loss since March 17. The move downwards pushed Bitcoin’s market cap down to $95.9B, or 0.00% […]

The Middle East Sees Bitcoin: USD/BTC (BTC=X) Differently

The Middle East Sees Bitcoin: USD/BTC (BTC=X) Differently

The Middle East Sees Bitcoin: USD/BTC (BTC=X) Differently As of late, many people have been questioning whether bitcoin qualifies as a “safe haven” asset. Some say no, considering it was not able to withstand the pressures caused by panic over the coronavirus. The Middle East Sees Bitcoin Differently However, it looks like many traders and miners in the Middle […]

United States Oil (USO) Giants Set Health Checks for Critical Staff, Work-From-Home Rules

United States Oil (USO) Giants Set Health Checks for Critical Staff, Work-From-Home Rules

United States Oil (USO) Giants Set Health Checks for Critical Staff, Work-From-Home Rules Major energy companies in the United States imposed work-from-home rules for office staff and began health checks for remote or critical workers as coronavirus spread and threatened an industry reeling from falling demand and profits. BP, Exxon Mobil, Kinder Morgan, Motiva Enterprises […]

Tesla, Inc. (NASDAQ:TSLA) Chief Elon Musk’s Trial Postponed Due to Coronavirus

Tesla, Inc. (NASDAQ:TSLA) Chief Elon Musk’s Trial Postponed Due to Coronavirus

Tesla, Inc. (NASDAQ:TSLA) Chief Elon Musk’s Trial Postponed Due to Coronavirus Elon Musk’s expected defense of a $2.2 billion deal in court was postponed on Friday from its expected Monday start, due to the coronavirus outbreak. A new trial date has not be set. The case relates to Tesla’s purchase of SolarCity in 2016, a […]

Alphabet Inc. (NASDAQ:GOOG) Really Is Developing a Coronavirus Website

Alphabet Inc. (NASDAQ:GOOG) Really Is Developing a Coronavirus Website

Alphabet Inc. (NASDAQ:GOOG) Really Is Developing a Coronavirus Website Alphabet‘s (NASDAQ: GOOG)(NASDAQ: GOOGL) Google is developing a website dedicated to the coronavirus after all. Following a press conference by President Trump on the COVID-19 outbreak, in which he touted Google’s plans to design a site where people could visit to have questions answered and be directed to testing centers, […]

Dow Jones Industrial Average (.DJI) – Stocks Rally as Coronavirus National Emergency Looms

Dow Jones Industrial Average (.DJI) – Stocks Rally as Coronavirus National Emergency Looms

Dow Jones Industrial Average (.DJI) – Stocks Rally as Coronavirus National Emergency Looms Stocks soared Friday even as investors digested news that the White House will soon deem the coronavirus outbreak a national emergency in the U.S. That sounds ominous, but this is an opportunity for the Trump Administration to bring much needed clarity and […]

NASDAQ Composite (.IXIC) – Trump touts ‘biggest stock market rise in history yesterday,’ but many investors believe worst isn’t over amid coronavirus panic

NASDAQ Composite (.IXIC) – Trump touts ‘biggest stock market rise in history yesterday,’ but many investors believe worst isn’t over amid coronavirus panic

NASDAQ Composite (.IXIC) – Trump touts ‘biggest stock market rise in history yesterday,’ but many investors believe worst isn’t over amid coronavirus panic That is Trump on Saturday morning, referencing the Friday surge by the Dow Jones Industrial Average DJIA, +9.36%, the S&P 500 index SPX, +9.28% and the Nasdaq Composite COMP, +9.34%, which constituted the major equity benchmarks’ biggest daily percentage gains since 2008. […]

Apple Inc. (NASDAQ:AAPL) closes all stores outside Greater China for 2 weeks

Apple Inc. (NASDAQ:AAPL) closes all stores outside Greater China for 2 weeks

Apple Inc. (NASDAQ:AAPL) closes all stores outside Greater China for 2 weeks Apple Inc said Saturday it’s closing its hundreds of retail stores outside of Greater China until March 27 and is moving to remote work in order to help reduce the spread of coronavirus. In a letter posted on Apple’s website, Chief Executive Officer […]

Amazon.com, Inc. (NASDAQ:AMZN) warns of delivery delays, some household products out of stock

Amazon.com, Inc. (NASDAQ:AMZN) warns of delivery delays, some household products out of stock

Amazon.com, Inc. (NASDAQ:AMZN) warns of delivery delays, some household products out of stock Amazon warned it’s experiencing Prime delivery delays and running out of stock of popular household items amid the coronavirus outbreak. The issues are a result of a “dramatic increase in the rate that people are shopping online,” Amazon said in a blog post that was […]

Netflix, Inc. (NASDAQ:NFLX) junk debt binge leaves it vulnerable to coronavirus market shocks

Netflix, Inc. (NASDAQ:NFLX) junk debt binge leaves it vulnerable to coronavirus market shocks

Netflix, Inc. (NASDAQ:NFLX) junk debt binge leaves it vulnerable to coronavirus market shocks n January, Netflix released a documentary miniseries titled Pandemic. The programme, which details doctors’ efforts to battle the flu and warns that the world is not prepared for future outbreaks, looks eerily prescient two months later. The diagnosis for the world’s biggest streaming […]

UK FTSE 100 (.FTSE) suffers worst day since Black Monday 1987 crash as £160bn is wiped off UK shares

UK FTSE 100 (.FTSE) suffers worst day since Black Monday 1987 crash as £160bn is wiped off UK shares

UK FTSE 100 (.FTSE) suffers worst day since Black Monday 1987 crash as £160bn is wiped off UK shares The FTSE 100 plunged 11 per cent on Thursday as the index suffered its worst session since the “Black Monday” stock-market crash in 1987. Stock markets tumbled across Europe after the World Health Organisation declared on Wednesday that […]

Shanghai: SSE Composite Index (.SSEC) – COVID-19: Global markets fall into bear territory

Shanghai: SSE Composite Index (.SSEC) – COVID-19: Global markets fall into bear territory

Shanghai: SSE Composite Index (.SSEC) – COVID-19: Global markets fall into bear territory Markets fell sharply this week, as the rapid spread of the COVID-19 virus continues to weigh on business activities around the globe. U.S markets fell in excess of 16% this week, with the Dow Jones Industrial Average plunging 10%, its highest drop […]

Australian Dollar: USD/AUD (AUD=X) Bounce Is Slightly

Australian Dollar: USD/AUD (AUD=X) Bounce Is Slightly

Australian Dollar: USD/AUD (AUD=X) Bounce Is Slightly The Australian dollar of course is highly levered to the Chinese economy, and of course is highly levered to global growth in general. At this point it looks as if the global growth is falling apart even further and that is going to continue to weigh upon the Aussie. However, […]

Japanese Yen: USD/JPY (JPY=X) – US Dollar Explodes to The Upside

Japanese Yen: USD/JPY (JPY=X) – US Dollar Explodes to The Upside

Japanese Yen: USD/JPY (JPY=X) – US Dollar Explodes to The Upside The US dollar has rallied significantly during the trading session on Friday, reaching towards the ¥107.50 level. At this point, the market has seen a lot of selling pressure in this area and I think that we may run out of steam here. Furthermore, I can […]

Bitcoin: USD/BTC (BTC=X) Nosedives Amid Market Volatility

Bitcoin: USD/BTC (BTC=X) Nosedives Amid Market Volatility

Bitcoin: USD/BTC (BTC=X) Nosedives Amid Market Volatility Bitcoin’s value has seen better days amid the strife and turmoil of the global financial markets as the coronavirus continues to wreak havoc, according to Reuters. The value of the well-known cryptocurrency fell far on Thursday (March 12) as traders sold off assets, fearing the worst. Economic damage […]

Panicked Selling Pressured Ethereum: USD/ETH (ETH=) Prices

Panicked Selling Pressured Ethereum: USD/ETH (ETH=) Prices

Panicked Selling Pressured Ethereum: USD/ETH (ETH=) Prices The recent market crash was also a stress test for networks, as immediately transaction activity picked up. The Ethereum network was the first to show a significant backlog, essentially clogging transactions for close to an hour. For anyone attempting to sell coins, the transaction may be either very […]

United States Oil (USO) ends with a loss of over 4% after Trump imposes restrictions on travel from Europe

United States Oil (USO) ends with a loss of over 4% after Trump imposes restrictions on travel from Europe

United States Oil (USO) ends with a loss of over 4% after Trump imposes restrictions on travel from Europe Oil futures finished sharply lower Thursday, with global benchmark prices suffering a loss of more than 7%, after President Donald Trump imposed restrictions on travel from Europe to the U.S. in an effort to contain the […]

Facebook, Inc. (NASDAQ:FB) Can Weather Storm Better Than Big-Tech Peers

Facebook, Inc. (NASDAQ:FB) Can Weather Storm Better Than Big-Tech Peers

Facebook, Inc. (NASDAQ:FB) Can Weather Storm Better Than Big-Tech Peers Wall Street is teetering on the brink of a historic percentage slump in the Dow, but for investors looking to stick with big tech, Facebook is likely the best bet, MKM partners said. Megacap technology and internet stocks are “significantly diversified” businesses that are better […]

Tesla, Inc. (NASDAQ:TSLA) withdraws US employees working on Gigafactory Berlin over coronavirus concerns, report says

Tesla, Inc. (NASDAQ:TSLA) withdraws US employees working on Gigafactory Berlin over coronavirus concerns, report says

Tesla, Inc. (NASDAQ:TSLA) withdraws US employees working on Gigafactory Berlin over coronavirus concerns, report says esla is reportedly withdrawing its US employees working on Gigafactory Berlin in Germany over coronavirus concerns and Donald Trump’s upcoming Europe travel ban. Last year, CEO Elon Musk confirmed that Tesla would build Gigafactory 4 in the “Berlin area”. which will […]

Alphabet Inc. (NASDAQ:GOOG) quietly reached a major milestone in its battle with Microsoft to rule the workplace

Alphabet Inc. (NASDAQ:GOOG) quietly reached a major milestone in its battle with Microsoft to rule the workplace

Alphabet Inc. (NASDAQ:GOOG) quietly reached a major milestone in its battle with Microsoft to rule the workplace Microsoft may be the dominant player when it comes to workplace software thanks to its Office 365 suite, but Google is quickly gaining traction. The search giant recently said that its G Suite product, which includes services like […]

Alibaba Group Holding Limited (NYSE:BABA) warned revenue from its core e-commerce business will fall in the current quarter

Alibaba Group Holding Limited (NYSE:BABA) warned revenue from its core e-commerce business will fall in the current quarter

Alibaba Group Holding Limited (NYSE:BABA) warned revenue from its core e-commerce business will fall in the current quarter Alibaba BABA, -6.94% stock had a great run last year as it rose 55% , making it deserving of the title of being among the best technology stocks out of China. The stock even managed to continue […]

Dow Jones Industrial Average (.DJI) falls 2,300 points in sharpest decline since 1987

Dow Jones Industrial Average (.DJI) falls 2,300 points in sharpest decline since 1987

Dow Jones Industrial Average (.DJI) falls 2,300 points in sharpest decline since 1987 The Dow Jones Industrial Average fell nearly 10 percent on Thursday, its worst day since the 1987 market crash, amid ongoing concerns about COVID-19 and the oil markets. The Dow closed down 2,352.6 points, or 9.99 percent, the Nasdaq shed 9.43 percent […]

NASDAQ Composite (.IXIC) hits bear market

NASDAQ Composite (.IXIC) hits bear market

NASDAQ Composite (.IXIC) hits bear market U.S. equity markets cratered Thursday despite another flood of liquidity from the Federal Reserve after President Trump suspended travel from Europe for 30 days in an effort to contain the spread of the coronavirus. Allianz chief economic adviser Mohamed El-Erian telling FOX Business he sees the environment getting “even choppier.” The […]

Apple Inc. (NASDAQ:AAPL) Stock Plunges $20 as Stock Market Trading Temporarily Halted After Opening Bell

Apple Inc. (NASDAQ:AAPL) Stock Plunges $20 as Stock Market Trading Temporarily Halted After Opening Bell

Apple Inc. (NASDAQ:AAPL) Stock Plunges $20 as Stock Market Trading Temporarily Halted After Opening Bell Apple’s stock opened at $255.94 this morning, down nearly $20 from a closing price of $275.43 on Wednesday, as the COVID-19 coronavirus pandemic continues to result in wild fluctuations on the stock market this week. The broader S&P 500 index […]

Amazon.com, Inc. (NASDAQ:AMZN) Stock Falls 7%

Amazon.com, Inc. (NASDAQ:AMZN) Stock Falls 7%

Amazon.com, Inc. (NASDAQ:AMZN) Stock Falls 7% Amazon.com (NASDAQ:AMZN) Stock fell by 6.80% to trade at $1,696.65 by 12:42 (16:42 GMT) on Thursday on the NASDAQ exchange. The volume of Amazon.com shares traded since the start of the session was 5.11M. Amazon.com has traded in a range of $1,689.32 to $1,748.59 on the day. The stock […]

Australian Dollar: USD/AUD (AUD=X) Plunges

Australian Dollar: USD/AUD (AUD=X) Plunges

Australian Dollar: USD/AUD (AUD=X) Plunges The Australian dollar has plunged during the trading session on Thursday, as we continue to see a lot of “risk off” trading out there. Ultimately though, we are getting close to a major support level so it’s interesting to see whether or not the Aussie can hold this general vicinity. […]

Japanese Yen: USD/JPY (JPY=X) – US Dollar Continues to Trade On Fear

Japanese Yen: USD/JPY (JPY=X) – US Dollar Continues to Trade On Fear

Japanese Yen: USD/JPY (JPY=X) – US Dollar Continues to Trade On Fear The US dollar has fallen against the Japanese yen during trading on Wednesday, as we are now below the ¥105 level again. Ultimately, this is a market that continues to dance around the gap that had formed. The ¥104.20 level is an area […]

Euro: USD/EUR (EUR=X) All Over The Place After Lack Of Cut

Euro: USD/EUR (EUR=X) All Over The Place After Lack Of Cut

Euro: USD/EUR (EUR=X) All Over The Place After Lack Of Cut The Euro initially tried to rally during the trading session on Thursday, but then fell below the 1.1250 level, only to bounce again during the announcement and then sell off again. The Euro continues to look a bit overvalued, but with Christine Largarde failing […]

Canadian Dollar: USD/CAD (CAD=X) Points Downward Again

Canadian Dollar: USD/CAD (CAD=X) Points Downward Again

Canadian Dollar: USD/CAD (CAD=X) Points Downward Again The Canadian dollar plunged deeper overnight. It was not alone. U.S. President Trump addressed the Nation on Wednesday night, announcing a travel ban from Europe to the U.S. He said “The European Union failed to take the same precautions and restrict travel from China and other hotspots. As […]

Shanghai: SSE Composite Index (.SSEC) – Asian shares sink after pandemic news

Shanghai: SSE Composite Index (.SSEC) – Asian shares sink after pandemic news

Shanghai: SSE Composite Index (.SSEC) – Asian shares sink after pandemic news Asian shares plunged Thursday after the World Health Organization declared a coronavirus pandemic and indexes sank on Wall Street. Japan’s benchmark Nikkei 225 dived 4.4% to 18,559.63. Australia’s S&P/ASX 200 dropped 7.4% to 5,304.60. South Korea’s Kospi dipped 4.7% to 1,817.87. Hong Kong’s […]

UK FTSE 100 (.FTSE) suffers worst day since Black Monday 1987 crash as £160bn is wiped off UK shares

UK FTSE 100 (.FTSE) suffers worst day since Black Monday 1987 crash as £160bn is wiped off UK shares

UK FTSE 100 (.FTSE) suffers worst day since Black Monday 1987 crash as £160bn is wiped off UK shares The FTSE 100 plunged 11 per cent on Thursday as the index suffered its worst session since the “Black Monday” stock-market crash in 1987. Stock markets tumbled across Europe after the World Health Organisation declared on Wednesday […]

DAX PERFORMANCE-INDEX (.GDAXI) plunges 10% as ECB avoids cutting rates

DAX PERFORMANCE-INDEX (.GDAXI) plunges 10% as ECB avoids cutting rates

DAX PERFORMANCE-INDEX (.GDAXI) plunges 10% as ECB avoids cutting rates Germany’s DAX index fell over 10% on Thursday after the European Central Bank announced it is keeping the interest rates unchanged, disappointing those who expected it to join the Bank of England and the Federal Reserve in lowering rates to counter the effects of the […]

Bitcoin: USD/BTC (BTC=X) price crashes spectacularly, losing 20 per cent of its value in minutes

Bitcoin: USD/BTC (BTC=X) price crashes spectacularly, losing 20 per cent of its value in minutes

Bitcoin: USD/BTC (BTC=X) price crashes spectacularly, losing 20 per cent of its value in minutes The price of bitcoin has plummeted dramatically, losing 20 per cent of its value in less than an hour. The cryptocurrency crash takes bitcoin below $6,000 – its lowest value since 2019. Several other major cryptocurrencies also experienced significant losses, […]

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