Market Overview - Page 270

The demand for risk assets in global markets is growing. Democrats in the USA and the White House are closer to agreeing on a stimulus package, despite the opposition of the Republican Party. Progress in the discussion of this programme.

Cryptocurrency traders showed significantly less enthusiasm as bitcoin traded at $12,000 Tuesday compared to when bitcoin reached the same level nearly two months ago, based on futures funding rates from multiple exchanges. When bitcoin traded near $12,000 throughout August, finally.

The Federal Reserve and other central banks will eventually discover that breaking up isn’t easy after partnering with their governments and the financial markets to avert a pandemic-driven depression. Investors and lawmakers enamored with cheap money may well balk when.

The dollar fell to a one-month low on Wednesday after U.S. President Donald Trump boosted hopes for a large fiscal stimulus package, prompting a wave of market optimism that saw traders ramp up their bets on riskier currencies. Lawmakers in.

The average value of Bitcoin (BTC) transactions has increased dramatically since July this year. The average transaction value was sitting at approximately $25,000 per transaction four months ago, but posted a yearly high on Oct 20 at $151,000 per transfer.

U.S. stock index futures rose in early morning trading on Wednesday after White House Chief of Staff Mark Meadows said that House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin have made “good progress” on stimulus talks, before adding that.

Advances in robotics and artificial intelligence will lead to a net increase in jobs over the next five years but the coronavirus pandemic will result in “double-disruption” for workers, according to the World Economic Forum (WEF). In a report published.

Stocks rose on Tuesday as a deadline for a new fiscal stimulus deal from Washington approached. The Dow Jones Industrial Average traded 181 points higher, or 0.6%. The S&P 500 gained 0.7% and the Nasdaq Composite advanced 0.6%. House Speaker.

According to CME, the amount of Bitcoin (BTC) long contracts held by institutions are at an all-time high. Yet, CME’s most recent Commitment of Trader report shows hedge funds are at a record-high for BTC shorts. There seemingly is a.

Asian indices are under pressure on Tuesday morning, markets continue to pull into safety assets after the S&P500 fell 1.6% on Monday, the biggest fall in the last two weeks. Futures on the S&P500 declined further in the last five.

The euro struggled to rise above the $1.18 level on Tuesday as fading hopes for a U.S. coronavirus aid package dealt a blow to risky assets worldwide, with rising coronavirus infections in Europe also weighing on the single currency. While.

Bitcoin’s (BTC) price has appeared largely unfazed, despite this array of seemingly unfavorable stories. This could be indicative of upside potential in the coming weeks, according to a report Monday from crypto investment solution company CoinShares. “It tells me holders.