Market Overview - Page 317

Goldman Sachs Group Inc. put a spotlight on the suddenly growing concern over inflation in the U.S. by issuing a bold warning Tuesday that the dollar is in danger of losing its status as the world’s reserve currency. With Congress.

Turkey’s lira fell to a fresh record low against the euro on Tuesday, extending losses from the previous session, as investors worry about the country’s dwindling foreign exchange reserves, growing foreign-denominated debt, central bank intervention and potential sanctions from the.

The EURGBP rate climbed above 0.9100 recently; however, on Tuesday it retreated below this level due to the correction in EURUSD. Euro/pound has climbed above 0.9100 numerous times over the past four years, but this growth proved to be shaky.

European stocks erased gains and U.S. equity futures retreated as the busiest week of earnings season got underway. Gold slid after a record-breaking rally. LVMH and Moncler SpA both dropped after the high-end apparel makers earnings missed analyst expectations.PSA Group.

Gold investors have reasons to cheer. The price of gold climbed to an all-time high on Monday, rising above $1,940 per ounce. Gold has gained almost 30% this year. The party should go on for a long time, as Bank.

The coronavirus crisis may have triggered the long-anticipated tipping point in oil demand and it is focusing minds in OPEC. The pandemic drove down daily crude consumption by as much as a third earlier this year, at a time when.

The bitcoin price peaked at $11,417.11 Monday evening, up more than $1,500 on the day. At the time of writing, the digital asset was sitting on a gain of 13% at $11,233, according to TradingView. From a technical standpoint, bitcoin’s.

European stocks advanced on Tuesday morning as signs of progress on fresh U.S. government stimulus efforts seemingly outweighed concerns about a burgeoning coronavirus resurgence worldwide. The pan-European Stoxx 600 added 0.5% in early trade, with construction and material stocks climbing.

Hong Kong’s new tech index rose on its second day of trading as experts said its diverse list of constituents will be attractive for traders looking to invest across the sector. The Hang Seng Tech Index rose 2.64% as of.

The weakening of the dollar on Monday made a threatening turn, triggering a wave of stop orders, exacerbating the situation. Very often,  such sharp growth impulses are followed by reversals. EURUSD seems overbought During the day, the pair’s rate jumped.

Bitcoin (BTC) price rallied within $50 of the $11,000 mark after managing a strong breakout above the $10,500 level. For the past 6 months analysts have kept a laser sharp focus on the key level and many forecast that Bitcoin.

European equities could jump 10% on the back of a historic agreement over fiscal stimulus in the European Union, Morgan Stanley said in a note Tuesday. After one of the longest ever European summits a week ago, the 27 member.