Market Overview - Page 356

Bitcoin’s trading above $9,000 once again, but technical indicators suggest the largest cryptocurrency is stuck in a funk. Though the price level may provide support, Bitcoin needs to break out of the downtrend it formed when its May high failed.

The European Commission has unveiled plans for a 750 billion euro ($826.5 billion) recovery fund as the region faces the worst economic crisis since the 1930s. It will borrow these funds and then disburse them via the European budget —.

EURUSD turned to growth and approached 1.1000, near which the 200-day average passes. On the news about the upcoming 750B euro stimulus package, EURUSD has jumped above these lines. Both are psychologically important. Their breakdown often leads to a significant.

Entrepreneur Elon Musk’s SpaceX is set to launch two American astronauts to the International Space Station on Wednesday from NASA’s Kennedy Space Center in Florida, ending the U.S. space agency’s nine-year hiatus in human spaceflight. California-based SpaceX’s Crew Dragon capsule.

Italians are embracing their freedom from a strict coronavirus lockdown by heading to the country’s beaches and piazzas, but officials are warning that too little thought is being paid to the danger of a second wave of infections. Footage broadcast.

American indices were unable to stay above critical psychological levels after the end of trading on Tuesday, and this is an important sign for markets. The S&P500 index exceeded 3000, while the Dow Jones index rose above 25000 on Tuesday.

With the near-term picture cloudy, some analysts are focusing on a longer-term trend that could be surprisingly bullish for bitcoin: the emergence of digital currencies issued by central banks. It’s not an obvious investment thesis because bitcoin was invented to.

The dollar edged higher on Wednesday as worries about the U.S. response to China’s proposed security law and renewed protests in Hong Kong supported safe-haven demand for the greenback. The yuan slipped to its lowest in nearly nine months due.

U.S. stock futures recovered from an earlier dip in overnight trading and pointed to continued gains at the open on Wednesday. Optimism about the reopening of the economy and a possible coronavirus vaccine continued, despite concerns about U.S.-China tensions. Recent.

The International Energy Agency believes the coronavirus pandemic has paved the way for the largest decline of global energy investment in history, with spending set to plummet in every major sector this year. In the group’s annual World Energy Investment.

Oil prices rose on Tuesday, supported by growing confidence that producers are following through on commitments to cut supplies and as fuel demand picks up with coronavirus restrictions easing. Brent crude futures were up 45 cents, or 1.3%, at $35.98.

Stocks surged on Tuesday as optimism grew about the reopening of the economy and a potential coronavirus vaccine. The S&P 500 rallied 1.9%, breaking above 3,000 for the first time since March 5. The Dow Jones Industrial Average rose 577.