Market Overview - Page 239

Germany is entering its toughest lockdown regime today, but European markets are enjoying a wave of optimism with EURUSD breaking 1.22 and the DAX jumping more than 1%. In both cases, this is a step beyond the established trading ranges.

The dollar index is hovering near 2.5-year lows ahead of this year’s final Fed meeting. This will be one of the key meetings expected to publish updated economic forecasts and rate expectations as well as adjustments to monetary policy parameters,.

Bitcoin’s ascent above $19,500 was cut short early on Tuesday, possibly due to profit taking by large Asia-based investors, according to one analyst. The top cryptocurrency fell from $19,555 to $19,035, with most of the drop unfolding during the two.

Ethereum address creation hit a 35-month high on December 14 when 177,000 new addresses were added to the network according to analysts from Santiment. The analytics provider reported that its network growth metric showed Ethereum adding 177,500 addresses in a.

The Bank of Japan is expected to keep monetary policy steady on Friday and hope the extension of an existing fund-aid package will give companies enough time to weather the hit from a recent resurgence in coronavirus infections. A stable.

U.S. households across the board built up savings during the pandemic, but low-income households are burning through their cash more quickly than higher-income families and could be out of savings soon if more aid is not delivered, according to a.

The Federal Reserve on Wednesday will offer its first glimpse of how a coronavirus vaccine has changed the U.S. economic outlook, and whether businesses, workers and families need more help from the central bank until inoculations and immunity are widespread..

U.S. stock futures were flat in early morning trading on Wednesday as investors clung to the possibility of new fiscal stimulus before the end of the year. Market participants are also looking to the Federal Reserve’s comments on Wednesday about.

The coronavirus crisis has caused serious challenges for many retailers this year with the holiday shopping season seen as their last chance to pull in much-needed sales. In the U.K, like in many nations, December usually represents the best month.

Global investors are turning cautious on investing in some Chinese companies named in a U.S. government executive order. MSCI, one of the largest stock index companies in the world, announced Tuesday that it would remove 10 Chinese securities from its.

The UK’s Office for National Statistics published rather worrying labour market data earlier today with a jump in Claimant Count by 64.3K, more than reversing the decline from a month earlier (-64.1K). In terms of employment numbers in the UK,.

By the end of Monday, US equity indices lost their growth momentum. The DowJones closed the day down 0.6%, remaining close to historic highs. The S&P500 was actively declining since the beginning of the regular trading session in the USA..