Month: December 2020

The price of Bitcoin (BTC) was rejected by the $19,500 resistance level yet again on Dec. 4, with traders becoming increasingly uncertain about what’s next for BTC/USD. Bitcoin rally keeps stalling at $19,500 Some foresee the dominant cryptocurrency undergoing a consolidation phase or another minor correction in the near term, particularly as the U.S. dollar
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Oil prices jumped around 2% on Friday, heading for a fifth week of gains, as major producers agreed on a compromise to continue some cuts to production to cope with coronavirus-hit demand even though these fell short of expectations. Brent was up 93 cents, or 1.9%, at $49.64 a barrel by 0748 GMT after gaining
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President-elect Joe Biden said Friday’s underwhelming jobs report foreshadows a “dark winter” that demands “urgent action” from President Donald Trump and Congress, as Covid spreads out of control across the U.S. and Americans face benefit cuts if Congress does not pass stimulus legislation. Biden, in a statement issued by his office, said the latest report
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The US jobs report today may not have any overbearing consequences but it should still reflect sentiment for the most part You can’t really blame anyone for forgetting or ignoring today’s non-farm payrolls report. Amid Brexit headlines and US stimulus talk, as well as the ongoing battle between the virus situation and vaccine optimism, it
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