Market Overview - Page 469

Escapist behaviour towards defensive assets and currencies remains the main trend in the markets. On Monday, the Japanese yen rose to 105.04 per dollar, bringing this month’s growth to 3.5%. The Swiss franc and gold are also in demand, adding.

Market overview FX: The volatility of major currencies decreased, leaving EURUSD at 1.12 and GBPUSD at 1.2050, with peripheral currencies experiencing increased volatility: the Argentine peso fell 30% intraday, the Turkish lira and Chinese yuan are developing their decline. Stocks:.

Saudi Aramco, the world’s top oil producer, reported first-half net income of $46.9 billion on Monday, down from $53.02 billion a year earlier. By comparison, Apple Inc, the world’s most profitable listed company, made $31.5 billion in the first six.

The People’s Bank of China has once again set a higher yuan rate than expected, which helps to reduce the volatility of stock markets and supports them in offsetting the decline of the past week. The official yuan exchange rate.

Market overview FX: Currency market volatility declined: EURUSD stuck at 1.12. Although safe-haven CHF, JPY add for the 4th trading session in a row. Stocks: The China A50 Index recovered last week’s losses, Futures for S&P500 are also trading at.

The wealthiest 500 people on Earth lost 2.1% of their collective net worth on Monday as U.S. stocks plunged in their biggest drop this year. Twenty-one members of the Bloomberg Billionaires Index lost $1 billion or more as investors reacted.

Crypto bull and venture capitalist Tim Draper has disclosed that it could take a little longer for his Bitcoin price target of $250,000 to be reached. Speaking to Yahoo Finance, Draper said that while Bitcoin price could still reach $250,000.

Gold is poised for its best week since 2016 as the metal holds onto gains that propelled it past $1,500 an ounce and silver trades near a 14-month high. Both metals have rallied amid worries about the global economic outlook.

The International Energy Agency (IEA) cut its global oil demand growth forecasts for this year and next on Friday, citing fears of an economic downturn as the U.S.-China trade war casts a shadow over markets. The energy agency now expects.

Saudi Arabia losing influence on oil Saudi Arabia is working to coordinate efforts to maintain oil prices by calling its cartel colleagues. This news helped Brent to add $1 to 57.70, but soon the decline continued. OPEC+ has recently extended.

Market brief FX: The foreign exchange market has quieted down anticipating further signals. USDX lost 0.1% on Friday morning. JPY is growing, but NZD, AUD, EUR add too. At the other end of the spectrum are RUB, TRY, ZAR –.

As the resident bitcoin skeptic at CCN.com, today I’ll be looking at the myth that bitcoin will one day replace all fiat currencies. The bullish argument goes as follows: governments are increasing their borrowings to unprecedented and unsustainable levels.  The.