Crispus Nyaga

BTCUSD: Bitcoin Price Ripe For a Pullback as Key Technical Level Hit

·May 08, 2020, 11:07 BST

Bitcoin price has been on a tear this week. Yesterday, the price zoomed above $10,000 for the first time since February this year after Paul Tudor Jones became the latest billionaire to invest in the currency. The price also rose as enthusiasm about Bitcoin halving rose. But, the price could be due for a pullback on several catalysts.

Gold price: a no-brainer bullish pattern emerges ahead of nonfarm data

Commodities

·May 08, 2020, 10:18 BST

Gold price remained in a holding pattern as investors waited for the US nonfarm payrolls data that will be released...

DAX Index: German stocks smacks higher as Siemens earnings miss

Indices

·May 08, 2020, 09:30 BST

German stocks rose by more than 1% as investors ignored worrying export and import data. The closely-watched DAX index rose by more than 1% as investors banked on a global recovery.

3 obvious reasons the current crude oil price rally is not built to last

Commodities

·May 08, 2020, 08:48 BST

Crude oil price continued rallying as the market remained hopeful that demand is rising. The price also reacted to news...

Hang Seng: Hong Kong stocks bounce as housing bubble appears to burst

Indices

·May 08, 2020, 07:53 BST

Hong Kong stocks rose today as the market blushed-off concerns of the sliding housing market. The Hang Seng index rose by almost 1 per cent as most companies remained in the green.

Nikkei 225: Japan stocks surges as Japan plans $20 billion windfall for landlords

Indices

·May 08, 2020, 07:10 BST

Japan stocks were in happy mood today as the market ignored dire economic data from the country and instead focused on fresh stimulus pitch by the Japanese government. The blue-chip Nikkei 225 index rose by more than 2.20%, with most of its constituent companies in the green.

USDJPY readies a breakout ahead disturbing nonfarm payrolls data

Forex

·May 08, 2020, 06:29 BST

The USDJPY pair was little changed today as the market reacted to weak data from Japan and as the participants waited for the US nonfarm payrolls data that will be released today.

Dow Jones flies as investors ignore rising tensions between China and US

Indices

·May 07, 2020, 15:05 BST

The Dow Jones rose by more than 1% as the market ignored the weak economic data and the simmering tensions...

USDMXN plunges as crude oil price and inflation data push Mexican peso higher

Forex

·May 07, 2020, 12:58 BST

The USDMXN pair declined today as the market reacted to the upbeat crude oil prices and better-than-expected inflation data.

BTCGBP: BTC to GBP approaches key resistance ahead of Bitcoin halving

Cryptocurrencies

·May 07, 2020, 11:28 BST

The BTC to GBP (BTCGBP) pair is fast-approaching the important resistance level of 8,060 ahead halving. The recent rally in...

Silver price on edge as Bank of America analysts lifts target to $20

Commodities

·May 07, 2020, 09:56 BST

The silver price is sitting around the $15 per troy as bulls and bears wait for the next catalyst. At the same time, investors are increasing their exposure on the metal, according to the Financial Times.

DAX index creeps back as hopes for automakers stimulus rise

Indices

·May 07, 2020, 08:55 BST

The DAX index, together with other European bourses, rose today as the market reacted to a new deal to merge...

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