Market Overview - Page 479

China’s economy slowed to the weakest pace since quarterly data began in 1992 amid the ongoing trade standoff with the U.S., while monthly indicators provided signs that a stabilization is emerging. Gross domestic product rose 6.2.% in the April-June period.

Market overview FX: Risk-sensitive currencies are gaining against USD; GBP is developing a rebound, but EUR is struggling near 1.1270. Stocks: Key indices continue to climb slowly after strong data and on the hopes of the Central Bank’s easing. Commodities:.

Since June 27, the bitcoin price has dropped from nearly $14,000 by more than 22 percent against the U.S. dollar in a relatively large pullback, leading the valuation of the crypto market to drop. Still, despite the minor correction, the.

Canada and New Zealand are the most vulnerable economies to a correction in house prices, with Australia and the U.K. also drawing concern, according to new research from Bloomberg Economics. Seeking to build a “housing bubble dashboard,” economist Niraj Shah.

The Dow and S&P settled at an all-time highs Thursday, after Federal Reserve Chairman Jerome Powell left investors feeling fairly confident about the odds of an interest rate cut later this month. Powell testifying Wednesday before the House Financial Services.

Market focus Markets continue to aggressively play off the idea of a speedy US interest rates reduction and a potential easing of other key CB monetary policy. A cautious attitude on the part of the Central Bank provides visible support.

U.S. President Donald Trump on Thursday said he’s “not a fan” of cryptocurrencies, and suggested that Facebook may need a banking charter if the company wants to launch the digital token Libra. In a series of Twitter posts, Trump said.

Japanese cryptocurrency exchange Bitpoint’s parent company Remixpoint has just revealed that the operator has lost 3.5 billion yen ($32 million) to hackers, as reported by the Nikkei Asian Review. Customer funds worth 2.5 billion yen have been stolen by hackers.

The International Energy Agency (IEA) expects the return of an oversupplied oil market next year, despite the recent rollover of an OPEC-led pact designed to restrain any glut. The energy agency said the “main message” of its closely-watched report was.

Market overview FX: USD maintains a downward trend for the third day; ‘commodity’ currencies – ZAR, AUD, NZD – add more than the others; GBP develops its rebound. Stocks: U.S. indices are updating their historical highs, Asian indices are adding,.

Bitcoin’s parabolic ascent looks unstoppable. Recently, every correction has been seen as an opportunity to buy heavily on dips. This week, the number one cryptocurrency is up by as much as 15 percent and it looks like bulls are gunning.

Bitcoin is sliding after Federal Reserve Chairman Jerome Powell poured cold water on Facebook’s plans to launch a cryptocurrency. The world’s best-known digital coin — which has experienced a meteoric rise in 2019 — fell 12% to about $11,300 on.