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Market Overview - Page 424


Sterling sinks below $1.30 on Bank of England rate cut hints
Sterling sinks below $1.30 on Bank of England rate cut hints.

Sterling fell below $1.30 on Monday morning after Bank of England (BOE) Monetary Policy Committee (MPC) member Gertjan Vlieghe hinted that he could vote to cut interest rates if upcoming data does not suggest a rebound for the U.K. economy..

Hunger for risk pulls markets up
Hunger for risk pulls markets up.

Global markets are showing growth amid growing interest in yielding assets in the hope of signing the China-US Phase One of the trade deal on January 15. This move is noticeable both in stock indices, as Asian platforms touched 19-month.

S&P 500 has up to 20% upside this year — but don’t buy just yet, strategist says
S&P 500 has up to 20% upside this year — but don’t buy just yet, strategist says.

The S&P 500 could advance by 10-20% this year, but investors should hold off on buying for the next few weeks, according to Chris Watling, the CEO of independent financial research firm Longview Economics. In a note published this week,.

Bitcoin Price To Rise Above $20,000 In 2020, Says Bitpay’s Singh
Bitcoin Price To Rise Above $20,000 In 2020, Says Bitpay’s Singh.

It’s the season of Bitcoin price predictions. Only days after Nexo co-founder Antoni Trenchev made the case for a $50,000 Bitcoin price in 2020, Bitpay Chief Commercial Officer Sonny Singh has also shared his belief that the crypto asset will.

UK economy, not Brexit, will drive the pound in 2020, analysts say
UK economy, not Brexit, will drive the pound in 2020, analysts say.

The pound will react more to U.K. economic indicators than the twists and turns of Brexit in the first half of 2020, and will likely remain supported, according to currency strategists. British Prime Minister Boris Johnson and new European Commission.

Iran missile shot down Ukraine-bound Boeing airliner, officials say
Iran missile shot down Ukraine-bound Boeing airliner, officials say.

An Iranian surface-to-air missile brought down a passenger plane bound for Kyiv, Ukraine, shortly after takeoff from Tehran this week, killing all 176 people on board, officials from the U.S., Canada and the U.K. said Thursday, citing new intelligence. “This.

The old rally in the new year
The old rally in the new year.

It is often the case that markets start a new year with new trends. Fears of a full-fledged military confrontation between the US and Iran made the markets worry last week, but soon the situation returned to the previous course..

Carney says BoE could cut interest rates if weakness persists
Carney says BoE could cut interest rates if weakness persists.

Bank of England Governor Mark Carney dropped a clear hint on Thursday that the central bank could cut interest rates if it looks like weakness in the economy will persist. His comments sent sterling to a near two-week low against.

Bitcoin Increase Driven by $500M Rise in Tether’s Market Capitalization
Bitcoin Increase Driven by $500M Rise in Tether’s Market Capitalization.

The market capitalization of Tether (USDT) has been mostly stagnant since August of 2019. However, yesterday the unexpected happened: out of nowhere, the market capitalization of USDT increased by $500M on CoinMarketCap. Needless to say, everyone was confused. In just.

A New Bitcoin Bull Market Is Nearing, Says Legendary Trader
A New Bitcoin Bull Market Is Nearing, Says Legendary Trader.

The most followed trader on Twitter, Peter Brandt, made his Bitcoin Live Crypto report available for free last month. In this issue, the veteran analyst presented two bullish scenarios for the king of cryptocurrencies. The first script involved a short-term.

Can Iran afford war? These 6 charts shed some light
Can Iran afford war? These 6 charts shed some light.

Iran attacked U.S. targets this week after the killing of top Iranian general Qasem Soleimani in an American airstrike, leaving some investors questioning if the situation would lead to war. To be clear, updated data on Iran’s economy from official.

Bitcoin Rally More Overbought Than October Pump Above $10K, Data Shows
Bitcoin Rally More Overbought Than October Pump Above $10K, Data Shows.

Bitcoin price has exploded out of its recent trading range near lows around $6,500 and has already rallied over $8,300 in a move that caught bearish crypto traders who were expecting more downside in the leading cryptocurrency by market cap.

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