Market Overview - Page 176

Demand and supply pressures will offset each other in the oil market, and it’s possible for prices to remain in its current range in a year’s time as countries recover from the coronavirus crisis, said oil expert Dan Yergin. “If.

Stocks in Asia-Pacific fell in Wednesday morning trade as a surge in coronavirus cases in countries like India weighs on the economic outlook and investor sentiment. In Japan, the Nikkei 225 dropped 1.7% in morning trade while the Topix index.

India’s coronavirus crisis is deepening, with hospitals buckling under increasing pressure from the second wave of infections. The South Asian country reported 259,170 new cases and 1,761 deaths over a 24-hour period on Tuesday, according to government data. It is.

U.S. stocks fell for a second day on Tuesday as strong corporate earnings failed to boost a market already near record highs, while an alarming rise in global Covid cases raised concerns about the recovery. The Dow Jones Industrial Average.

A batch of solid British labour market data underpinned the fundamental basis for GBPUSD to rise over the last seven trading sessions, pushing the pair to 1.4000, an area of highs from the start of March. Unemployment claims number rose.

Oil prices edged higher on Monday, supported by a weaker U.S. dollar but concerns about the impact on demand from rising coronavirus cases in India and other countries capped gains. Brent crude was up 25 cents, or 0.4%, at $67.02.

EURUSD has jumped 3% so far in April while GBPUSD is up 2.4% after seven trading sessions of back-to-back increase. Both currency pairs, very popular with traders, crossed important round levels, 1.2000 and 1.4000, which prompted short-term traders to bet.

The crypto futures market saw the highest nymber of liquidations in history on Sunday as the sudden bitcoin (BTC, +0.9%) price pullback caught overleveraged traders off guard. Exchanges offering crypto futures liquidated $10 billion worth of positions on Sunday, toppling.

U.S. stocks retreated from an all-time high as investors awaited the heart of the earnings season and more economic data later in the week. The dollar fell. The S&P 500 was on track for its biggest drop in almost four.

U.S. stocks slipped from record levels to start the week on Monday as the weakness in the technology sector weighed on the broader market. The Dow Jones Industrial Average fell 150 points from a record high, while the S&P 500.

Bitcoin (BTC) may be flagging, but one cryptocurrency could not be less fazed by the market downturn, hitting new all-time highs. Dogecoin (DOGE), the altcoin based on a Shiba Inu meme, passed $0.40 for the first time on April 19,.

Goldman Sachs has recommended investors go long on the euro, as the dollar touched its lowest point since early March on Monday. A long position is the purchase of an asset in the expectation that it will rise in value..