Market Overview - Page 473

Market attention is focused on the upcoming Fed interest rate decision. A decrease of 25 points is priced in for today’s meeting as well as for the next meeting in September. Few people doubt the rate cut today, so the.

Top U.S. and Chinese trade officials met in Shanghai on Wednesday for talks in a bid to end a year-long trade war, despite low expectations for progress and combative remarks from U.S. President Donald Trump. The trade row has dragged.

Market overview FX: GBPUSD stabilized at 1.2150 after the collapse the day before; Commodity currencies, except NZD, are carefully added after several days of decline. Stocks: Indices of markets under moderate pressure before the Fed meeting. Heng Seng sank to.

China’s Huawei reported a 23.2% year-over-year increase in revenue for the first six months of 2019 year despite facing political headwinds. The company said its total revenue came in at 401.3 billion yuan ($58.26 billion) and its net profit margin.

Facebook has acknowledged what many have been saying – that regulatory issues may be an insurmountable barrier to the launch of its Libra global cryptocurrency project. In a frank disclosure in the firm’s latest quarterly report to the U.S. Securities.

The pound is trading at levels not seen since early 2017. But who is feeling the effects worst and who is benefiting? The main factor is the belief among international investors that a no-deal Brexit would be bad for the.

GBPUSD The British pound was sold out on growing fears of a potential ‘no deal’ Brexit. GBPUSD declined by 2% to 1.2130. Below these levels, the pair traded for only a few hours during the period from October 2016 to.

Market overview FX: Pound fell by almost 2% this week on no-deal Brexit fears. Volatility in other currencies decreased, leaving rates almost unchanged during the day. Stocks: Asian indices are rising on speculation around policy easing from the Fed and.

In a clear sign of improving comprehension about the fundamentals driving the bitcoin price, newly minted “friend of crypto” Joe Kernen just made a convincing case on national television that the cryptocurrency could surge nearly 500 percent by next May..

The next head of the International Monetary Fund (IMF) will have to deal with trade wars, currency manipulation and new digital currencies, a strategist told CNBC Monday. On Monday, the IMF opened the official process to choose its next chief,.

The bitcoin price dropped almost $400 in a matter of minutes on Sunday evening before immediately paring losses. The flash crash and quick recovery is an obvious sign of bitcoin whales playing mind games.  While it’s impossible to know exactly.

Market focus This week promises to be very busy with important news that could potentially set the tone for the next few weeks or even months. At the start of the week, U.S. officials will travel to China to conduct.