Market Overview - Page 460

Veteran investor Mark Mobius is bullish on gold as central banks around the world cut interest rates. “Physical gold is the way to go, in my view, because of the incredible increase in money supply,” said Mobius, the founding partner.

Oil rose on Monday on expectations that Saudi Arabia, the world’s largest oil exporter, will continue to support output cuts by OPEC and other producers to prop up prices under new Energy Minister Prince Abdulaziz bin Salman. Prices climbed for.

US Nonfarm Payrolls was significantly below forecasts – only 130K, compared to the 159K expected by Wall Street analysts. The Unemployment rate was in line with expectations and remained at 3.7%. However, the situation with NFP is not clear, following.

Russian President Vladimir Putin has given NATO a “reason to live again” and is one key factor behind the resurgence and improved capability of the military alliance. Speaking at the Ambrosetti Forum in Italy on Friday, Gen. David Petraeus, a.

China’s People’s Bank of China (PBOC) announced Friday that it was reducing the amount of funds that banks have to hold in reserve in an effort to further stimulate its economy. The PBOC said its reserve requirement ratio would be.

This week brought a small reprisal for bitcoin price and the broader cryptocurrency market as it witnessed $20 billion added to its total market cap by late Tuesday. This was also reflected by an approximate 10% gain for BTC alone;.

The world’s two largest economies are “already in the early stages” of a second Cold War, according to Niall Ferguson, a senior fellow at the Hoover Institution at Stanford University. Speaking to CNBC’s Steve Sedgwick at the Ambrosetti Forum in.

Progress in China-US Talks New hopes for easing the trade war are having a very positive effect on all markets at once. The Chinese side is going to fly to Washington in early October. However, up to this point, a.

The bitcoin price has stabilized around $10,500 following a spectacular 13 percent rally. As BTC continues to hover around this critical level, here’s where crypto traders believe the dominant asset is headed next. Earlier this week, technical analyst DonAlt revealed.

Many instruments – whether its stocks, futures, forex or cryptocurrencies – can experience similar price trends and behaviors during certain months. It is worth reviewing how prices respond given certain months, especially months that involve seasonal changes. September is one.

Pound (GBP) to Euro (EUR), Dollar (USD) exchange rates were trading close to fresh highs posted on Wednesday as Thursday’s European session got underway with Sterling riding a wave of positive sentiment as opponents to no-deal Brexit trounced the government.

OPEC is under intensifying pressure to show it still has the power to reverse a slide in oil prices, according to RBC Capital Market’s Helima Croft. The Middle East-dominated producer group has struggled to shore up crude futures this year,.