Market Overview - Page 269

New jobless claims unexpectedly dipped below 800,000 last week, but still remained historically high as hundreds of thousands of more Americans were put out of work during the ongoing pandemic. The U.S. Department of Labor released its weekly unemployment insurance.

There’s no doubt that Europe is seeing a second wave of coronavirus infections, but the surge is not affecting its major economies in the same way. The U.K., France and Spain, as well as the Netherlands, have all seen a.

Weekly claims for unemployment benefits in the USA resume its decline. Last week, the number dropped from 842K to 787K. The new figures are still higher than two weeks ago, reflecting the negative impact of the jump in new coronavirus.

Simultaneous pressure on the dollar and risk assets in the markets is continuing. Futures on S&P500 lost 3.7% from recent highs on October 12th. The dollar index fell to its lowest level since September 2nd, almost completely recouping the correction.

On Oct. 21 Bitcoin (BTC) price overtook the $13K mark to reach $13,217 after traders took out key resistance levels at $11,900, $12,000, and $12,500 in the last 48-hours. While there are various technical reasons behind the abrupt upsurge, there.

The Tether (USDT) Treasury has minted almost half a billion new USDT tokens and distributed more than 185 million tokens to exchanges and other addresses in the last 36 hours. As shown by blockchain tracker Whale Alert, two transactions of.

The dollar was steady above seven-week lows on Thursday, gaining some respite as hopes of a fiscal package in the United States ahead of the November elections crumbled once again. Progress towards a U.S. stimulus deal has boosted sentiment in.

PayPal Holdings Inc joined the cryptocurrency market on Wednesday, allowing customers to buy, sell and hold bitcoin and other virtual coins using the U.S. digital payments company’s online wallets. PayPal customers will also be able to use cryptocurrencies to shop.

Germany’s coronavirus epidemic, and strategy to deal with the virus, has not been the same as its European counterparts. This might be a good thing, given that Germany has recorded 397,922 cases of the virus, far lower than Spain, which.

Asia’s economic contraction this year will be worse than previously thought as several emerging markets in the region have slowed down sharply while battling the coronavirus outbreak, the International Monetary Fund said on Wednesday. Asia is forecast to shrink by.

Bitcoin (BTC) gained almost 5% on Oct. 21 as bullish price action combined with fresh corporate adoption news to boost gains. Data from Cointelegraph Markets and Coin360 showed a strong 24 hours for bulls on Wednesday, with BTC/USD topping out.

Amid a continuing deadlock over the most important matters at hand, there’s little chance that Congress will pass economic stimulus before the Nov. 3 election, according to Goldman Sachs. Less than two weeks before Election Day, chief negotiators for their.