Market Overview - Page 586

The collapse of the Turkish lira spreads its toxic influence on the European and EM financial markets. Asian bourses have been losing more than 1% at Monday morning amid the increased demand for safe-haven assets. The futures on S&P500 lose.

The Turkish lira added to its steep losses on Friday, hitting a fresh record low, after President Donald Trump authorized the doubling of metals tariffs on Turkey. The lira traded down 15 percent against the U.S. dollar at 6.38 after.

Russia warned the United States on Friday it would regard any U.S. move to curb the activities of its banks as a declaration of economic war which it would retaliate against, stepping up a war of words with Washington over.

On August 8, the crypto market seemed to be improving, as Bitcoin rebounded to $6,600 and Bitcoin Cash hit $620. However, over the past several hours, the major cryptocurrencies have started to demonstrate a decline in their momentum, as Bitcoin.

The dollar rewrote 13-months highs on Friday to a basket of six major currencies, adding 0.25% after gaining 0.5% on Thursday. The further growth of the US currency from the current levels would mean the end of the consolidation period,.

Despite the proliferation of cryptocurrencies and ICOs over the last 5 years, the process of undertaking an ICO and getting funding is still not nearly as simple as it should be. There are complex regulations and heavy amounts of friction.

The dollar rose Thursday as geopolitical tensions in the U.K., Turkey and Russia pushed investors to the relative safety of the U.S. currency. The WSJ Dollar Index, which measures the U.S. currency against a basket of 16 others, was recently.

The ruble traded 0.9 percent weaker at 66.12 per dollar as of 10:33 a.m. in Moscow, set for the weakest close since August 2016. Yields on 10-year government debt rose 18 basis points to 8.26 percent. Aeroflot shares sank 9.1.

This August seems hot. Not only temperature but also currency market volatility is rising. The period of active vacations, which is accompanied by a decrease in volumes, this time result in increased volatility. So far we have seen this in.

Over half of all initial coin offering (ICO) projects failed to complete their crowdfunding in the second quarter of 2018, revealed cryptocurrency data firm ICORating in its latest report. The independent ICO analysis portal found that 55% of the ICOs.

China confirmed that it will impose 25 percent tariffs on an additional $16 billion worth of imports from the U.S. from Aug. 23, matching an earlier move from Washington in another ratchet higher for the trade war between the two.

The bitcoin price took another major downward pivot on Wednesday, forcing the value of the flagship cryptocurrency to a three-week low. Bitcoin spent the majority of the morning and early afternoon trading near $6,500 but proved unable to sustain that.