Market Overview - Page 478

U.S. stocks rose toward all-time highs, gold rallied and the dollar fell as comments by Jerome Powell cemented market bets for a rate cut this month. Treasuries were mixed. Equities that had slumped since Friday’s strong jobs report rallied back.

Market overview FX: USD declined against most major currencies after hints of the Fed’s readiness to ease policy Stocks: U.S. indices returned to the all-time highs, but the Asian markets are dominated by a more cautious tone. Commodities: Brent jumped.

The British pound adds 0.4% to 1.2490, starting out from the area of two-year lows, following the release of better than expected data. The monthly GDP estimate showed economic growth by 0.3% 3m / 3m. In addition, the service activity.

Market focus Markets are focused on Powell’s US Congress speech tonight, suggesting that it can give a definitive answer to the question of whether the rate will be cut at the end of this month. The Federal Reserve is actively.

Bitcoin mining difficulty – a measure of how hard it is to compete for mining rewards on the world’s first blockchain network – has posted its largest two-week increase in 12 months. According to BTC.com data, mining difficulty reached 9.06.

Market overview FX: USD recaptures its positions in anticipation of Powell’s speech. GBP remains below 1.25, falling to 2-year lows yesterday. Stocks: The pressure on the stock indices went back during the Asia trading session. SPX returned to Tuesday’s opening.

President Recep Tayyip Erdogan risks pushing Turkey’s economy into an economic collapse similar to those seen in Latin America under populist regimes, according to Ashmore Group Plc. While more diversified than Venezuela’s oil-dependent economy, Turkey is currently on a very.

Cameron and Tyler Winklevoss have big plans for the crypto exchange, Gemini, not to mention their expectations for bitcoin. In a panel discussion with “Bitcoin Billionaires” author Ben Mezrich and The Wall Street Journal’s Paul Vigna, the Winklevosses discussed bitcoin.

U.S. President Donald Trump can either be a “tariff president” or a “two-term president,” a public policy expert said Tuesday. It remains relatively undetermined to what extent U.S.-China trade tensions have weighed on the American economy, but any continued damage.

Market focus The corrective pullback is developing on the revaluation of the Fed’s monetary policy. Friday’s Nonfarm Payrolls are still influencing the investors’ sentiments.

Crypto markets have spent most of the weekend in consolidation as Bitcoin takes a breather. Eyes are starting to turn to Litecoin once again as the halving clock ticks down with less than a month to go. The clock is.

The bitcoin price is once again trading above the $12,000 level, and the current market cycle could take the price to a new all-time high. Morgan Creek Capital Management CEO Mark Yusko was featured on CNBC, where he emphasized that.