Market Overview - Page 448

The belief that there will be a recession next year has been finding a lot of takers of late. Prominent economists and investors believe that a recession could arrive as soon as next year, and the International Monetary Fund (IMF).

On Friday, U.S. President Donald Trump announced the signing of phase one of a trade agreement with China to end the trade wars. This partial deal was the most significant breakthrough in the 15-month long dispute. The financial markets experienced.

Market overview FX: The dollar added 0.2% on Monday morning to 98.2 on DXY after failing 0.8% at the end of last week. SGD, PLN are the leaders in the growth to USD, adding 0.2%. NZD, ZAR gave back some.

China’s import and export data for September came in worse than expected amid the country’s ongoing trade friction with the U.S., Reuters reported on Monday, citing the Chinese customs. In U.S. dollar terms, China’s exports fell 3.2% in September from.

Bitcoin vs. gold Some people you run into may show you a bitcoin chart next to a gold chart and point out similarities in their shape. Ignore it. Bitcoin’s price has never shown a correlation with gold, positive or negative,.

Investors’ appetite for risk increased noticeably in the second half of the week. Both unattainable deals — Brexit and China-US — seem to have become a little closer. The British Pound jumped 2%, which was the sharpest growth in the.

Market overview FX: The dollar lost 0.4% per day to 98.35 DXY amid a recovery in demand for risks. An increase in demand for riskier assets causes a further weakening of the dollar against most major currencies. AUD and ZAR.

Oil prices rose sharply on Friday morning after Iranian state media said that two rockets had struck an Iranian tanker traveling through the Red Sea. Brent crude futures were up 2.07% at $60.33 a barrel by 8:00 a.m. London time,.

Binance, the world’s top cryptocurrency exchange by volume, announced Thursday the issuance of the second cryptocurrency ever onto its affiliated decentralized exchange (DEX), Binance Chain. Listed as XRP-BF2, the XRP variant is pegged one-to-one to XRP on Binance’s main exchange.

Stocks in Asia were higher on Friday as investors cheered positive developments on the U.S.-China trade front. Mainland Chinese stocks rose on the day, with the Shanghai composite up 0.88% to around 2,973.66 and the Shenzhen composite 0.314% higher to.

In what can only be described as a virtual slap in the face, the Chinese mobile payment platform, Alipay, strongly rebuked bitcoin exchange giant Binance for attempting to implement Alipay as a fiat on-ramp. New payment options for peer-to-peer (P2P).

Turkey’s President Recep Tayyip Erdogan threatened Europe with a flood of refugees on Thursday if the continent’s leaders call the Turkish invasion of Syria an “occupation.” “We will open the gates and send 3.6 million refugees your way,” Erdogan said.