The S&P 500 index has hit a new record high after a combination of stimulus hopes and a better-than-expected jobless claims report sent investors into a buying mode. Data from the Bureau of Labor Statistics showed that initial jobless claims came out at 900K, which was lower than the 926K […]
The crude oil price had a great start to the year. It is one of the assets that gained the most during the month so far, fueled by strong demand from Asia and unilateral production cuts from Saudi Arabia. The lockdowns in Europe and the United Kingdom seem not to […]
Bitcoin price has dropped below a key support as the sell-off in the cryptocurrency market continues. The BTC price has dropped by more than 7.9% today and is trading at $32,697, which is the lowest it has been since January 12. What happened: The price of Bitcoin is dropping as […]
United Airlines has reported a loss of $1.7billion, marking a 4th straight quarter that the airline has posted an earnings shortfall. Adjusted loss stands at $630 million, which is worse than the $300 million loss the airline posted for the same period a year earlier. United Airlines is also excluding any […]
United Airlines has reported a loss of $1.7billion, marking a 4th straight quarter that the airline has posted an earnings shortfall. Adjusted loss stands at $630 million, which is worse than the $300 million loss the airline posted for the same period a year earlier. United Airlines is also excluding any […]
The S&P 500 index has hit a new record high after a combination of stimulus hopes and a better-than-expected jobless claims report sent investors into a buying mode. Data from the Bureau of Labor Statistics showed that initial jobless claims came out at 900K, which was lower than the 926K […]
The Norwegian Krone continued to gain momentum against the US Dollar for the 3rd trading day in a row, as the Norges bank held interest rates at the record low of 0% this Thursday. However, the Norges Bank has brought forward its plans to hike interest rates as it notes […]
The European Central Bank (ECB) decided to leave its present policy status unchanged, despite the lockdowns that have kept much of Europe under conditions of restricted economic activity. The ECB pledged to continue its support of the EU economy via lower borrowing costs as well as continue its stimulus program. […]
The South African Reserve Bank (SARB) has opted to keep interest rates unchanged at 3.5%. This matching the expectations of analysts. In explaining the decision of the SARB, the bank’s Governor Lesetja Kganyago noted the impact of the coronavirus on the South African economy. While hailing the rollout of the […]
The Turkish Lira gained strength for the 3rd straight session after the Central Bank of the Republic of Turkey (CBRT) left the interest rates unchanged at 17.00%. Further adding to the weakness of the USDTRY was the prevailing bearish sentiment on the greenback, as inflows pour into emerging market currencies […]
The crude oil price had a great start to the year. It is one of the assets that gained the most during the month so far, fueled by strong demand from Asia and unilateral production cuts from Saudi Arabia. The lockdowns in Europe and the United Kingdom seem not to […]
While bullish as long as it remains in the rising trend, the Dax index shows signs of exhaustion. It bounced from the lower edge of the channel as the Dow Jones in the United States cheered the new President’s inauguration. However, the Dax still appears to be disconnected from the […]
Bitcoin price has dropped below a key support as the sell-off in the cryptocurrency market continues. The BTC price has dropped by more than 7.9% today and is trading at $32,697, which is the lowest it has been since January 12. What happened: The price of Bitcoin is dropping as […]
Royal Dutch Shell share price is in consolidation mode as investors start to question the soaring crude oil prices. Shell’s class B shares have dropped by more than 0.60% to 1,409p while the class A shares have fallen by more than 0.35%. Similarly, BP share price has dropped by 0.20%. […]
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