Market Overview - Page 450

Oil markets are surrounded by “black swans” – unforeseen events – and “they can seriously impact the market situation,” Russia’s Energy Minister Alexander Novak said Wednesday. “The situation is quite difficult,” Novak said at a Russia Energy Week event in.

The dollar was hit on Tuesday afternoon after the release of disappointing manufacturing activity data. Earlier we noted that the U.S. currency and the stock market are moving synchronously, as was confirmed by recent market reaction. The US Manufacturing ISM.

Market overview FX: The dollar index returned to 99.0 after a 0.6% drop on weak US manufacturing data. USD in the morning adds to most currencies except JPY. EURUSD is back below 1.09. GBPUSD was down to 1.2230. Stocks: S&P500.

Facebook’s cryptocurrency Libra has been in hot water ever since the social media giant released the whitepaper earlier this year. Central banks and governments across the globe have put together a concerted effort against Libra, putting Facebook executives in the.

Now that China’s 70th anniversary celebrations are over, Beijing could take a “much harder” line on Hong Kong if violence continues to mount in the city, says a professor at Cornell University. “I think the escalation of protests on the.

Facebook’s crypto project Libra will potentially create a “shadow banking” system, according to the banks at the Federal Advisory Council (FAC). After the United States Federal Reserve asked some of the nation’s largest banks about Libra, the banks expressed their.

The Intercontinental Exchange’s highly anticipated bitcoin futures contract mustered just $5 million of total trading – and its daily product traded fewer than five contracts across its first week. According to the exchange’s Bakkt division, set up last year by.

Traders now see a bigger chance of another rate cut by the Federal Reserve this month after a key gauge of U.S. manufacturing showed the worst reading since 2009, raising fears of a recession. The fed funds futures market now.

After a precipitous drop to $7,700 this weekend, Bitcoin (BTC) bulls have managed to reclaim some ground. While the cryptocurrency market hasn’t flipped decidedly bullish yet, Bitcoin has found itself up by 6% in the past 24 hours, moving to.

EURUSD slipped to 1.0880 on the background of the growing gap between the data from the U.S. and Europe in favour of the former. Endless and tangled political disputes seem to be tiring the markets more and more, and the.

Market overview FX: The dollar index climbed another 0.4% to 99.2. EURUSD lost 0.5% to 1.0880 before European open. GBPUSD virtually not changed overnight, remaining at 1.2270 in anticipation of the presentation of the Brexit plan before UK Parliament. Stocks:.

After losing its foothold within the lower-$170 region, Ethereum’s recently incurred upwards momentum appears to have faltered, as ETH has now dropped below the $170 level as Bitcoin revisits its key near-term support level at $8,000. Analysts are now expressing.