Market Overview - Page 469

The Federal Reserve cut the key rate by a quarter of a percentage point to 1.75%-2.00%. In the press conference, Powell noted the “favourable” economic forecast, explaining that this easing step was to “provide insurance against ongoing risks”. Strictly speaking,.

Market overview FX: The dollar index now stands at 98.0, returned more than half of the 0.4% gain after the Fed’s comments. EURUSD remains at 1.1050; AUD and CNH continue to weaken; JPY is adding to the dollar. Currency market.

Alternative coins or altcoins have been slowly bleeding over the last two years. This is especially true for altcoins in their bitcoin (BTC) pairs. Many are down by over 90% from their all-time highs. Some mid-cap coins have even breached.

Demand for alternative cryptocurrencies has seen their performance rise over the last 24 hours despite bitcoin’s (BTC) failure to take another leg up. It raises the question as to whether the “alt season”, a period where alternative crypto sees considerable.

The U.S. and China are entangled in a trade war, and that’s hurting business and economic activity worldwide. One year on, a resolution is still nowhere in sight. In a poll conducted by Reuters, around 80% of more than 60.

World markets are cautiously waiting for comments from the Federal Reserve Board on monetary policy. It is widely expected that the key rate will be lowered on Wednesday. In addition to the well-known fears about the trade conflicts and the.

The Fed is expected to cut interest rates for the second time in a decade Wednesday, but Fed Chairman Jerome Powell is unlikely to deliver the message markets want to hear on plans for future rate cuts. “He’ll underwhelm everyone.

Market overview FX: The dollar index added 0.2% on Wednesday morning to 98.0 after 0.4% decline the day before. EURUSD has returned to 1.1500. Yielding currencies (ZAR, TRY, RUB) strengthen against the dollar, while AUD, NZD, CHF declined. The volatility.

XRP was rising on Tuesday as investors flew out of the bitcoin market amid growing uncertainties regarding its safe-haven status. The Ripple blockchain’s native asset climbed 1.73 percent to $0.00455 on BitFinex exchange. That brought its week-to-date gains up by.

Yesterday, we saw a nice upward move in ETH price above the $185 resistance against the US Dollar. Moreover, we discussed the chances of more upsides and a test of the $200 level. The price did climb higher, broke the.

The risk of a global recession is at its highest since August 2009, according to a survey of fund managers, as slowing growth, trade and political uncertainty takes its toll on investor sentiment. Some 38% of investors polled in the.

Stocks fell on Monday amid fears that a surge in oil prices following an attack in Saudi Arabia could slow down global economic growth. The Dow Jones Industrial Average slid 155 points, or 0.6%. It would be the first decline.