Market Overview - Page 309

Investors are asking me how high can this stock market go. The July employment report, released Friday, is providing a relief for the stock market. Nonfarm payrolls came at 1.46 million. Normally I compare economic data with the consensus forecast..

Bitcoin’s (BTC) dominance relative to altcoins has fallen to its lowest point in 12 months, with the leading cryptocurrency representing 61% of the $359.5 billion combined cryptocurrency capitalization. Bitcoin’s dominance has slid from over 67% as of mid-May, and is.

The number of new jobs in the United States increased by 1,763K after an increase of 4,791K a month earlier. The fact came out slightly better than expected and reversed gloomy expectations of stalling labour market. At the same time,.

Stocks and bonds may be in an asset bubble, as record-low interest rates and a tremendous increase in the money supply have sent prices soaring this year. Add gold, which has risen 35% to $2,049 an ounce Aug. 5, to.

Today’s jobs report could be make-or-break data for U.S. equities. The S&P 500 is 1.1% below its closing high in February as investors head into the July nonfarm payrolls report at 8:30 a.m. New York time Friday. The biggest economy.

The American currency has been declining for the seventh consecutive week. The dollar index against the six most popular currencies recently fell to its lowest level since May 2018 and is losing more than 10% from its March peaks. On.

The U.S. dollar rebounded whilst other major currencies weakened on Friday after President Donald Trump took steps to ban transactions with the Chinese owners of two popular mobile apps. Non-farm payrolls due later on Friday are widely expected to show.

China’s dollar-denominated exports rose 7.2% while imports fell 1.4% from a year ago, data from the country’s General Administration of Customs showed on Friday. Economists polled by Reuters had expected China’s dollar-denominated exports to fall by 0.2% from a year.

This shift comes as more investors start turning to the benchmark cryptocurrency due to its status as a “hard asset” – which many be sparking a trend of accumulation amongst investors. One group, in particular, that might be behind this.

President Donald Trump on Thursday issued executive orders banning U.S. transactions with Chinese tech firms Tencent and ByteDance. Tencent owns Chinese messaging app WeChat, and ByteDance is the Beijing-based parent company of the widely popular short video-sharing app TikTok. The.

China and Russia are ditching the U.S. dollar at a faster rate. In the process, they are indirectly fueling the record gold rally. Since July 1, the price of gold has increased from $1,454 to $2,055 at the most recent.

Weekly jobless claims hit their lowest level of the pandemic area, totaling 1.186 million last week, well below Wall Street expectations. Economists surveyed by Dow Jones had been looking for 1.42 million. The level for the week ended Aug. 1.