Market Overview - Page 492

Important upcoming events and publications for May 27-31 (GMT): Tuesday, May 28 14:00 U.S. CB Consumer Confidence 21:00 RBNZ Financial Stability Report Wednesday, May 29 07:55 German Unemployment 14:00 Bank of Canada Overnight Rate Thursday, May 30 12:30 U.S. GDP,.

Litecoin price (LTC) rose above $100 Friday for the first time in eight days, a move that marked the asset’s likelihood of retesting its 2019 high at $107.60. The world’s fifth largest cryptocurrency by market valuation bounced to 100.88 at.

During the last Bitcoin bull run and crypto hype bubble peak, the industry struggled to keep up with the overwhelming demand. Exchanges had no choice but to shut down new user registrations, and new user accounts began being sold on.

British Prime Minister Theresa May unveiled a timetable for her departure as leader on Friday morning, drawing her turbulent three-year premiership to an abrupt end. In an emotional speech outside 10 Downing Street, May said she had “done everything” she.

President Donald Trump’s trade war against China has so far focused on attacking imports. His new front: Weaponizing American exports. The Trump administration is seeking to choke off Beijing’s access to key technologies by limiting the sale of vital U.S..

Market focus The markets decline on investors’ fears that trade conflicts will drag on and slow down demand, and this dynamic coincided with breaking through important levels, which intensified the amplitude of market movement on Thursday. The oil within the.

Important upcoming events and publications for May 24 (GMT): 08:30 U.K. Retail sales (rescheduled from May 23). Risks for GBP: High. Sales are expected to decline by 0.4% m/m and slowing to 4.5% y/y after jumping by 1.1% m/m and.

Bitcoin (BTC) may have dropped by 4% in the past 24 hours, receding to $7,600 in an interday drop, but many analysts and investors are still optimistic. The thing is, the fact that BTC collapsed to $6,100 and then skyrocketed.

The pound is on a record losing streak and there aren’t many investors ready to stand in the way of further losses. Investec Asset Management, Aberdeen Standard Investments and Pictet Asset Management SA are cutting sterling positions or staying on.

Oil futures sank on Wednesday as an unexpected build in U.S. crude stockpiles compounded investor worries that a prolonged trade war between Washington and Beijing could dent crude demand. U.S. West Texas Intermediate crude futures settled $1.71 lower at $61.39,.

Market focus On Wednesday, the United States announced that they were considering sanctions ‘like Huawei’ for other Chinese companies, the US military sent two ships to the shores of Taiwan. Markets are losing faith in the early conclusion of a.

Despite facing some levels of volatility over the past week, Bitcoin has now been able to find some stability and is hovering right below the $8,000 level. It is important to note that BTC does face some levels of resistance.