Market Overview - Page 311

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.

Weekly data on claims in the U.S. have somewhat dispelled the pessimism. The number of initial claims for benefits for the week ending August 1st fell to 1186K, better than the 1435K the week earlier and expectations of 1410K. The.

The U.S. stock market continues its rally despite disappointing job numbers. After sharp rebounds in May and June, the U.S. labor market showed signs of slowing in July. According to the ADP National Employment report, private-sector employment increased by only.

U.S. futures turned lower alongside European stocks before jobs data and word on the latest American stimulus package. Gold pushed further above $2,000 an ounce for a third day before news on whether the U.S. will approve another trillion-dollar aid.

The Bitcoin (BTC) price perked up on Aug. 5, rallying from $11,090 to $11,784 before briefly retracing to the $11,650 area as the daily close approached. Currently, the price trades near the $11,500 support after bulls were unable to tackle.

On Wednesday, Oil was able to break through its resistance line. Brent Crude rose to $46.30, returning to levels before OPEC+ broke. The market hasn’t dared to make this symbolic move for a long time, having spent July in a.

Ahead of the release of new unemployment data, U.S. treasury yields have fallen. Stock market investors appear to be seeking safety in the short-term. Economists and strategists anticipated a sharp downturn in U.S. GDP. The economy contracted 32.9% annually in.