Market Overview - Page 470

Market focus China remains the focus of markets, shaping the agenda. It should be noted that the People’s Bank of China helped markets to recover after a shock at the start of the week. The PBoC set the USDCNY rate.

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Market overview FX: The dollar index lost 0.1% amid stabilization of the markets on Thursday morning after rising since Tuesday. AUDUSD reversed the decline by 1.6%, NZDUSD returned only 1/3 of yesterday losses. EURUSD, GBPUSD, USDJPY the fourth day near.

Trade tensions and fear of a global recession has been a drag on oil prices, even during peak season for demand.  Futures fell as much as 5.8% Wednesday to seven-month lows after American crude stockpiles posted a surprise increase. The.

It’s easy to get scared away by the daily volatile movements of bitcoin. Over the weekend, bitcoin jumped 20 percent in a matter of days. Since then, BTC shed over $1,000 before recovering slightly again. It’s a volatile market. But.

Market focus Markets strengthened yesterday after the People’s Bank of China tried to contain the national currency volatility. The official rate was fixed below 7.0. However, offshore yuan gave up a little on Wednesday, trading at 7.06. Markets continue to.

Market overview FX: NZD collapsed by more than 2% after an unexpectedly strong RBNZ’s rate cut and dragged AUD down. The dollar index is recovering as fears faded fears around the escalation of trade wars, and “yielding” currencies have been.

Bitcoin maximalist and former Wall Street trader Max Keiser has recently claimed that Bitcoin (BTC) dominance is heading to 80% and that altcoins are dying, further urging the public to rotate out of other crypto assets and into BTC. Keiser.

Technology has made it easier than ever for individuals to boost their earnings with profitable side-gigs. And while U.S. workers of all ages are reaping the greatest rewards, young freelancers across Asia are quickly getting in on the act. That’s.

Agriculture has been a weapon of choice in the escalating trade war between the world’s two largest economies. With China officially pulling out of buying U.S. agricultural products, American farmers are losing one of their biggest customers. It could be.

Monday’s main headline was a more than 2% decline in the renminbi, triggered by an escalation of trade disputes. The United States later increased the degree of tension even further when the Treasury Secretary described China as the “currency manipulator”.

Bitcoin (BTC) price has retaken $12,000 in a final push following several days of intense upwards price action. Data from Coin360 showed BTC/USD hitting $12,142 on Aug. 6, bringing its weekly gains to over 25%.  The pair is now trading.