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Market Overview - Page 319


EURGBP nears its long-term resistance
EURGBP nears its long-term resistance.

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.

Stocks Erase Gain as Gold Rally Cools Below $2,000
Stocks Erase Gain as Gold Rally Cools Below $2,000.

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.

What can provoke 20-30% collapse of the stock market?
What can provoke 20-30% collapse of the stock market?.

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.

End game for oil?
End game for oil?.

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.

$11,000 Bitcoin Just Happened: What’s Fueling the Massive Pump?
$11,000 Bitcoin Just Happened: What’s Fueling the Massive Pump?.

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 tick higher as investors monitor U.S. stimulus hopes, coronavirus cases
European stocks tick higher as investors monitor U.S. stimulus hopes, coronavirus cases.

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 up nearly 2.9% on second day of trade
Hong Kong’s new tech index up nearly 2.9% on second day of trade.

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 dollar raises its head after the fall
The dollar raises its head after the fall.

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 Price Finally Snaps Multi-Year Downtrend, but Is $20K Now Possible?
Bitcoin Price Finally Snaps Multi-Year Downtrend, but Is $20K Now Possible?.

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 to outperform U.S. stocks
European equities to outperform U.S. stocks.

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.

What drives EURUSD higher
What drives EURUSD higher.

EURUSD has updated its 22-month high, breaking above 1.1760. The growth of the euro can be explained by the influence of the Swiss National Bank. It is trying to weaken the franc, buying mostly euros in its FX reserves. In.

Ethereum Price Rally and DeFi impact
Ethereum Price Rally and DeFi impact.

On Saturday Bitcoin (BTC) and Ether (ETH) price perked up as BTC briefly pushed above $9,700 and Ether set a 2020 high at $309. The weekend surge comes as a bit of a surprise as weekends are typically marked by.

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