Market Overview - Page 464

Overnight, the bitcoin price has dropped from $10,959 to $10,068 against the U.S. dollar, recording an 8.13 percent slip within a 24-hour span. The short term downside price movement of bitcoin is speculated to be largely technical caused by the.

There could be an “explosion” in goods sold via the grey market in the event of a no-deal Brexit, according to a British retail expert. The term “grey market” refers to legitimate products sold via unauthorized — though legal —.

The American Petroleum Institute (API) has reported a crude oil inventory draw of 3.45 million barrels for the week ending Aug 15, compared to analyst expectations of a 1.889-million barrel draw. The inventory build this week compares to last week’s.

Treasuries climbed as investors assessed the latest developments on U.S.-China trade negotiations and awaited more clues on monetary policy. Stocks retreated.  Benchmark 10-year yields extended their slide after U.S. Secretary of State Michael Pompeo told CNBC that Huawei Technologies Co..

The Bitcoin (BTC) hash rate has broken yet another new all-time high, according to Aug. 19 data from monitoring resource Blockchain.com. The top coin’s hash rate has continued to break previous records throughout summer, today hitting an whopping 82.5 TH/s..

The U.S. Federal Reserve will cut interest rates five more times by April 2020, according to analysts at Danske Bank. The Fed cut rates by 25 basis points in July, but comments from Chairman Jerome Powell suggesting the cut was.

The financial markets continue their neat recovery, following renewed optimism around the progress of U.S.-China trade negotiations. There is also hope that stimulus from the world’s largest governments will spur economic growth. The S&P 500 added 1.2% on Monday, Dow.

Market overview FX: The dollar index is growing for the 6th consecutive trading session, returning to this month highs. There is no clear risk on/off sentiment in the foreign exchange market, as both risk-sensitive AUD, RUB, ZAR and protective CHF,.

Markets are growing at the start of trading on Monday, supported by policy easing and hopes for stimulus. The People’s Bank of China announced an interest rate reform, which should ease credit conditions for companies. These measures supported national stock.

This past week, we saw a sharp decline in BTC below the $10,000 support against the US Dollar. The price traded towards the $9,500 support and recently started an upside correction. It traded above the $10,000 resistance level to move.

Market overview FX: Risk-sensitive currencies (ZAR, AUD, NZD) added in anticipation of China, Germany, the United States stimulus. The dollar index is losing 0.1%. Market volatility declined. Stocks: Key indices in the green zone follow the Chinese markets, adding more.

Bakkt has been “cleared to launch.” The Intercontinental Exchange’s young subsidiary announced Friday that it had acquired a New York state trust charter through the New York State Department of Financial Services (NYDFS). The approval clears the way for the.