Market Overview - Page 491

The main question for oil analysts at present is whether Putin really stands behind his assessments. By reiterating that Russia is happy with lower prices and suggesting that the Russian government budget is based on $40 per barrel Putin is.

The Bitcoin (BTC) bull run has barely even started, but Fundstrat Global Advisors is absolutely euphoric. In a graphic published recently, the investment advisory firm suggested that the “Fear of Missing Out (FOMO)” is quickly materializing in the cryptocurrency markets,.

Market focus At the weekend Mexico and the United States announced the deal on trade and migration. This news triggered a 2% spike in the Mexican peso to 19.13 at one point, to levels that preceded the sudden announcement of.

Important upcoming events and publications for June 10 (GMT): 11:30 U.K. GDP. Risks for GBP: high. It is expected to decrease by 0.1% mom in April, as well as a month earlier. Another report on the foreign trade deficit is.

The litecoin price has appreciated more than 18-percent this week, and fundamentals suggest that it could go even higher. The LTC-to-dollar rate today established an intraday high of $114.89 on Coinbase exchange. That took its 24-hour adjusted gains to 8.60-percent,.

Market focus The attention of financial markets is still focused on US trade disputes with other countries. Thursday was the second day of negotiations on trade and migration between the representatives of the U.S. and Mexico. During the day, there.

Bitcoin is again feeling the pull of gravity amid a rally in gold – a classic safe haven asset. The premiere cryptocurrency topped out at highs near $9,100 on May 30 to hit a 2.5-week low of $7,432 on June.

– Russia is experiencing tense relations with the U.S. and Europe and warmer ties with China. – Xi described Russian President Vladimir Putin as his “best friend” on Wednesday. – Europe and the U.S. continue to impose sanctions on Russia..

Europe has made its name as the top cop of tech regulation. The European Commission, the executive arm of the European Union, has imposed a combined $9.5 billion in antitrust fines against Google since 2017, and its boss hints Amazon.

Important upcoming events and publications for June 7 (GMT): 12:30 U.S. Employment Report. Risks for USD: high. At the end of May, employment is expected to grow by 180K after 263K, maintaining the growth rate of wages at 3.2% y/y.

Market focus The policy of the world’s major central banks returns to the focus of markets. On Thursday, attention is on the ECB meeting in anticipation of new steps to soften the tone of monetary policy. In January, the ECB.

– A top military aide to Iran’s supreme leader warned over the weekend that “The first bullet fired in the Persian Gulf will push oil prices above $100.” – Despite regional tensions, oil prices have fallen sharply in recent sessions..