Market Overview - Page 446

The Chinese yuan soared past 7 per U.S. dollar on Tuesday, climbing to a fresh three-month high as investors became increasingly hopeful about the chances of a possible trade deal between the world’s two largest economies. The currency jumped above.

OPEC has downwardly revised its forecast for global oil demand growth over both the medium-term and long-term, citing tough market conditions and “signs of stress” in the world economy. In its closely-watched annual World Oil Outlook (WOO), the Middle East-dominated.

China and the US continue to note progress in trade talks, that pushes markets up. Japan’s Nikkei225 jumped 1.3% today to 13-month highs. The European Euro50 has been trading close to its January 2018 highs. The US major indices updated.

Market overview FX: The dollar added on Monday to major currencies. DXY rose to 97.45, where it is turning to decline to 97.3 now. GBPUSD lost 0.2% per day to 1.29; EURUSD retreated to 1.1140. Currency market volatility is gaining.

The crypto giant Ripple continues to sign up more banks around the world on its global network RippleNet. As reported by U.Today previously, in Asia and Japan, Ripple is pushing its blockchain technology forward via its partner – the financial.

Americans continue to convince the markets of the possibility of concluding a trade deal soon. US Secretary of Commerce Wilbur Ross expressed optimism about the conclusion of the first phase of the agreement later this month. This news has supported.

Market overview FX: Strengthening the dollar after a strong US employment report was short-lived. DXY closed Friday at 2-week lows. GBPUSD almost unchanged this morning, stayed at 1.2930; EURUSD little changes since Thursday’s levels at 1.1150. Currency market volatility reduced.

Microsoft Japan tested a four-day workweek and has found the experiment a huge boon to employee productivity. The tech giant recorded an almost 40% jump in productivity levels after cutting its work hours as part of a wider project to.

While there are some bearish technical signals for Bitcoin, the cryptocurrency has managed to hold the $9,000s against the odds. As of the time of writing this, BTC is changing hands for $9,250, up a mere 0.22% in the past.

Commerce Secretary Wilbur Ross said Sunday that licenses for United States companies to sell components to Chinese telecom giant Huawei are coming “very shortly,” and expressed hope that the U.S. would reach a trade deal with China this month. “We’re.

Nonfarm payrolls rose by 128,000 in October as the U.S. economy overcame the weight of the GM autoworkers’ strike and created jobs at a pace well above expectations. Even with a decline of 42,000 in the motor vehicles and parts.

The Bitcoin price has been showing a high level of volatility following its abrupt increase to $10,600 on Oct. 26, when Bitcoin (BTC) climbed by 43% against the United States dollar on a single day. According to Skew Markets, Bitcoin.