Market Overview - Page 474

Market overview FX: The dollar index adds for the 7th trading session in a row. EUR fell back to 1.1120, GBP updates its 28-month lows. Asian currencies declined after weak reporting companies in China. Stocks: Indices are receding from recent.

The Litecoin halving is just a few days away. Even with this bullish catalyst on the horizon, the No. 4 cryptocurrency appears to be struggling against bitcoin. Litecoin (LTC/BTC) has posted four consecutive red candles on the monthly chart against.

Some in the crypto community were left wondering if Michael Novogratz was still bullish on bitcoin after he recently took some bitcoin profits and kicked himself for not taking more. Being the astute trader that he is, Novogratz was just.

Back in 2017, with the stock market fresh off its best January performance in years, the $100 bill emerged as the most widely circulated currency in the world, overtaking the $1 bill for the first time ever. Two years later,.

Europe’s head central banker was less inclined Thursday to interest rate cuts and monetary stimulus than expected, and his tone convinced markets that the Federal Reserve will have a similar stance at its meeting next week.The outlook now is that.

Thursday was the so-called “ECB Day.” Mario Draghi held a press-conference, voicing a readiness to lower the rate and apply other monetary easing measures. The ECB is not in a hurry to cut rates, preferring to wait for the updated.

Market overview FX: The dollar Index adds 0.1% overnight on the revision of expectations of the Fed’s easing. Commodity currencies (TRY, ZAR, NOK, AUD) are leading the decline against USD. Stocks: Key indices decrease by 0.5%, but the reporting companies.

Turkey’s central bank sharply cut its key interest rate by a more than expected 425 basis points to 19.75% on Thursday to spur a recession-hit economy, its first step away from the emergency stance it adopted during last year’s currency.

The ECB kept the rates unchanged but tasked Eurosystem Committees to explore opportunities to reinforce its forward guidance on policy rates, a tiered system for reserve remuneration, and options for the size and composition of potential new net asset purchases..

Market focus Stock indices are growing on expectations of the Fed and the ECB’s imminent policy easing. Meanwhile, Haruhiko Kuroda, Governor of the Bank of Japan, has also hinted at the willingness to join the key “trend” of recent weeks..

Announcing his plan three years ago, the Crown Prince said Saudi Arabia must end its “oil addiction” to ensure the world’s biggest oil exporter and second largest producer cannot be “at the mercy of commodity price volatility or external markets.”.

Market overview FX: USD rose to most currencies except CAD, JPY. EUR fluctuates around 2 months lows before the ECB decision Stocks: the U.S. and Asian indices are adding in anticipation of the policy easing from the largest Central Banks.