Market Overview - Page 290

The Turkish lira fell to a record low after the U.S. Federal Reserve’s downbeat assessment of the economic outlook on Wednesday spurred demand for safer assets. The currency declined as much as 0.7% to 7.5574, extending a losing streak that’s.

Between Sep. 9 and 16, the price of Bitcoin (BTC) rose by over 11%. Similarly, in the same period, Tesla stock (TSLA) surged from $330.21 to $449.76, by 36.2%. Tesla stock and the Bitcoin price have seen an uncanny correlation.

The lack of a killer dovish catalyst from the latest Federal Reserve meeting triggered a near-term rally in the dollar as sizable short positions in the under-pressure currency were unwound. Despite Chair Jerome Powell emphasizing unprecedented accommodative policy for at.

The U.S. government is awash in debt and red ink — and neither President Donald Trump or his Democratic challenger appear bothered by the status quo, an analyst told Yahoo Finance on Wednesday. Last week, the Treasury released data showing.

Social media sentiment for Bitcoin has slumped to a two-year low, yet technical indicators are still saying “buy.” A number of metrics indicate that social and trading sentiment for Bitcoin is still low despite its price breaking above $11,000 a.

Oil prices fell on Thursday as U.S. producers in the Gulf of Mexico prepared to resume output following Hurricane Sally, and on concerns about that the coronavirus pandemic was showing few signs of slowing. Brent crude fell 15 cents, or.

The U.S. is still globally dominant in many areas including finance and technology — but it’s not clear if the world’s largest economy remains the leading power that other countries look up to, said experts during a debate at the.

There are growing concerns in Europe at what is being seen as an alarming rise in coronavirus cases, with the number of new daily infections reaching record highs in some countries. The increases in the number of reported infections has,.

In the wake of the FOMC meeting last night, dollar purchases increased in the markets, and stock indices began to fall. EURUSD was briefly below 1.1740 at the start of trading today, a low for more than a month. The.

Stocks rose with Treasuries and the dollar slipped on speculation the Federal Reserve will keep its dovish stance to lift the world’s largest economy from a pandemic-induced recession. The S&P 500 climbed for a fourth day, led by energy producers.

Global health and political leaders could have done many things better in confronting the coronavirus from the outset, philanthropist Bill Gates said, reflecting on the medical and societal response to the pandemic. And a big one remains a topic of.

The dollar is retreating against franc and yen, which is often a signal of increased demand for safe assets. At the same time, the markets remain positive overall. Does this mean that there is an increasing demand for safety assets.