Market Overview - Page 483

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.

Brent crude rose on Tuesday, after earlier falling to its lowest since January, as traders betting on falling prices bought back contracts to lock in profits from recent declines caused by the escalating trade dispute between the U.S. and China..

For the first time in 15 years, the U.S. Treasury Department on Monday named China a currency manipulator — a move that looks set to worsen a trade war that has already dragged on the global economy. That action from.

Market overview FX: The markets are trying to calm after the massive selloff, which reverses the trend of the previous days: USD adds to the basket of currencies, but adds AUD, ZAR, GBP that are sensitive to risk demand; Protective.

Bitcoin (BTC) is eyeing a move to key resistance above $12,000, having broken out of a bearish pattern in the Asian trading hours today. The leading cryptocurrency jumped above $11,120 at 00:45 UTC, violating the bearish lower-highs pattern created on.

The US Nonfarm Payrolls on Friday could even be called boring: the report showed the preservation of a completely healthy labour market, in some ways even exceeding expectations. However, at the end of the day, as we expected, the markets.

Russia is acting on a pledge by President Vladimir Putin to shrink the role of dollar in international trade as tensions sour between Washington and Moscow. The shift is part of a strategy to “de-dollarize” the Russian economy and lower.

The Chinese yuan crossed a closely watched barrier against the dollar on Monday following another escalation in the trade war between Beijing and Washington. In the afternoon of Asian trading hours, the onshore Chinese yuan changed hands at 7.0304 against.

Market overview FX: Markets fear that currencies become a weapon in trading disputes. The flight from “yielding” to “safe” makes JPY, CHF – the best in performance this month. USDCNH jumped 2% to 7.11. GBPUSD rebounded again after a rebound..

In the past two days, there was a steady rise above $10,500 in bitcoin price above $10,000 against the US Dollar. The BTC/USD pair settled above the $11,000 resistance and the 100 hourly simple moving average to move into a.

Binance Research, the research arm of the world’s largest crypto exchange, claims that President Donald Trump caused the latest bitcoin price spike. Binance Research made the specious claim on Twitter, where it noted: “BTC has rallied, together with multiple safe-haven.