Market Overview - Page 180

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..

President Joe Biden faces a nightmare scenario of global consequence: stepped up Chinese-Russian strategic cooperation aimed at undermining U.S. influence and at upending Biden’s efforts to rally democratic allies. It is the most significant and underrecognized test of Biden’s leadership.

Coinbase insiders and early investors sold about $5 billion in shares in total during the leading cryptocurrency exchange’s first day of trading on the Nasdaq earlier this week, according to series of filings made Friday with the U.S. Securities and.

Just as some patients recovering from Covid-19 suffer long-lasting symptoms, it’s becoming clear that the same will be true for the global economy once this year’s V-shaped rebound fades. While $26 trillion worth of crisis support and the arrival of.

U.S. stocks rose again on Friday as the market’s rally to records carried on amid strong earnings from blue-chip companies as well as solid data signaling a snapback in the economy. The Dow Jones Industrial Average gained 164.68 points, or.

Earnings will be the major focus for investors in the week ahead, as they home in on whether rising costs are squeezing margins and signaling a build in inflationary pressures. From Coca-Cola and IBM to Johnson & Johnson and Netflix,.