The cryptocurrency market provides investors with another day of ‘altseason’ as the majority of altcoins in the top 100 on CoinMarketCap rallied today. Several large-cap tokens reached multi-year highs and this all took place as Bitcoin (BTC) price struggles to hold any of the news-event-driven gains that it has accrued throughout the week. One of
Month: May 2021
NASDAQ snaps four days losing streak. The US stocks rallied into the close with the Dow ending the session at a new record and at the highs of the day. The index is closing up 315.76 points for the fourth higher close in as many days. The NASDAQ index is also closing higher for the first time in five trading days. A
Forex news for North American trading on May 6, 2021 The markets are in flux as traders ponder the implications of reopening and the potential for tapers. The BOE hinted that they may look to taper later in the year, but not yet. The GBP initially moved higher, but move back down shortly after the fireworks subsided.
Domestic gold prices registered mild gains on Thursday as a weakening dollar overseas made the yellow metal more attractive for holders of other currencies. MCX gold futures (delivery on June 4) traded 0.18 per cent higher at Rs 47,086 per 10 grams at the last count, having risen to as high as Rs 47,263 during
At today’s meeting, the BOE voted unanimously to leave the Bank rate unchanged at a record low of 0.1%. Meanwhile, the central bank voted 8-1 to keep the asset purchase program at 895B pound, of which 875B pound is government bonds. Policymakers also announced to slow the pace of asset purchases so that the program
Server Adrian Almanza brings entrees to a table at Satay Thai Bistro and Bar, in Las Vegas, Nevada, March 28, 2021. Bridget Bennett | Reuters Job growth in April could top 1 million, though many positions also may have gone unfilled. Economists expect to see job creation in each of the next several months of
In this article PTON A monitor displays Peloton Interactive Inc. signage during the company’s initial public offering (IPO) across from the Nasdaq MarketSite in New York, U.S., on Thursday, Sept. 26, 2019. Michael Nagle | Bloomberg | Getty Images Peloton on Thursday reported fiscal third-quarter sales growth of 141%, saying recent investments in its supply
All three US equity benchmarks closed in green for the first time this week, DJI30 closed at record top. US Jobless Claims, Nonfarm Productivity and Challenger Job Cuts back an upbeat NFP. Vaccine news battle noise from China as markets enjoy receding reflation fears. All eyes on US employment data for April, risk catalysts. Thursday
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Gold is up 0.5% to $1,795 today Invest in yourself. See our forex education hub. Despite the lack of investor appetite, gold has been holding largely steady in recent weeks and buyers are once again trying to take a stab at $1,800 today. The previous attempts recently to try and get above the figure level
To taper or not to taper? That is the question With soft data already underpinning the narrative that the UK economy looks set for a strong recovery amid vaccine progress and the broader reopening, it is now over to the BOE to make their next move in terms of managing policy. The market expects a
NEW DELHI: Gold prices inched higher on Thursday due to a weaker dollar, while investors awaited the release of US non-farm payrolls data for April due later this week. The US economy may be growing more quickly and unemployment falling faster than the core of Federal Reserve policymakers projected in March, Fed Governor Michelle Bowman
Australian Dollar trades generally lower today, after China announced to “indefinitely” suspended all activities under the China-Australia Strategic Economic Dialogue. But the spike on Aussie was relatively shallow and short-lived. Traders are quick to remember that the tariffs by China on some Aussie products didn’t had much material impacts on the latter’s export performance. Additionally,
Vice President Kamala Harris speaks during a listening session on broadband internet at the New Hampshire Electric Co-op in Plymouth, New Hampshire, April 23, 2021, as she travels to the state to promote the administration’s economic plans. Saul Loeb | AFP | Getty Images As the White House attempts to sell President Joe Biden‘s multi-trillion-dollar
An employee walks past a quilt displaying Etsy Inc. signage at the company’s headquarters in the Brooklyn. Victor J. Blue/Bloomberg via Getty Images Etsy stock dropped more than 9% in after-hours trading on Wednesday after the company reported first-quarter earnings results that surpassed analysts’ estimates, but warned that it expects the total sale of goods
GBP/USD is catching fresh bids above 1.3900, heading closer towards the Bank of England’s (BOE) ‘Super Thursday’ events. The UK central bank is unlikely to alter its monetary policy settings, although it could offer a brighter economic outlook, courtesy of a successful vaccination campaign. The traders are likely to pay close attention to any hints
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