Bitcoin prices declined to less than $7,000, hitting a two-week low. Shutterstock Bitcoin prices fell below the $7,000 level today, reaching their lowest since mid-July. The digital currency’s price declined to as little as $6,933.09, according to the CoinDesk Bitcoin Price Index (BPI). At this point, it was down roughly 6.5% for the day, additional BPI figures show. [Ed note: Investing
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Where are we with Brexit this am? Coming Up! Title text for next article LON +1 SDNY+10 NY -4 TYO +9 GMT GBP under pressure The GBP is under pressure this am on earlier reports that UK Downing Street believe that negotiations will probably break down this week. According to The Spectator’s James Forsyth Irish
Workers look at the LNG Sakura liquefied natural gas tanker berthed at Tokyo Gas Co.’s Negishi LNG terminal in Yokohama, Japan, on Monday, May 21, 2018. This was Japan’s first LNG shipment from Dominion Energy’s Cove Point facility. LNG exports in recent years have increased significantly, one of many new demand drivers in the natural gas markets.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
A screen shows the price of bitcoin at a virtual currency exchange store in Seoul, South Korea. (Photo by Seung-il Ryu/NurPhoto via Getty Images) A report confirming that bitcoin exchange UPbit, now the biggest crypto exchange in South Korea, is storing 100% of its bitcoin and cryptocurrency balance sheet has sent a wave of relief
Late, late. The white rabbit was late in Alice in Wonderland, and so am I – with the trade ideas. Thanks to Sir Luk for jogging my memory. So what are you up to today? I like AUDJPY shorts on pullback as long as US-China pessimism for talks linger. The song for the day is
Rally participants preparing to enter Emancipation Park in Charlottesville, Virginia on August 12, 2017. They carry Confederate battle flags, Gadsden flags, and a Nazi flag. Some are funded by bitcoin and cryptocurrency. (Photo by Anthony Crider via Wikimedia Commons.) Anthony Crider / Wikimedia Commons The second Unite The Right rally is scheduled for this weekend and
Welcome to the start of the forex week! With barely any liquidity at this time of the week prices can move on not much at all. Take extra care in the early hours. Indicative levels: EUR/USD: 1.0985 USD/JPY 106.91GBP/USD 1.2299USD/CHF 0.9955USD/CAD 1.3311AUD/USD .6764 NZD/USD .6323 I’ll be back in a little while with weekend news.
The Goldman Sachs bank logo is seen reflected on the screen of a mobile phone. (Photo by Jaap Arriens/NurPhoto via Getty Images) The bitcoin price, which has been wallowing around the $7,000 mark since a sell-off last week, could be in for a boost after it was reported New York banking giant Goldman Sachs is
Closing changes on the main US exchanges: S&P 500 up 41 points to 2952 (+1.4%) DJIA +1.4% Nasdaq +1.4% On the week: S&P 500 -0.3% DJIA -0.9% Nasdaq +0.5% Those are some modest moves on the week that disguise how wild a ride it was. Here is how the weekly S&P 500 chart looks like:
Shutterstock The interest rate on the 10-year Treasury is trending higher every month that goes by. The price of oil is trending higher every month as well. This has been the case for a while now and I’m surprised that, so far, the stock market mostly continues on as if little of that mattered. I’m
Official has more-direct knowledge of Trump’s Ukraine dealings A second official with more-direct knowledge of Trump’s Ukraine dealings is weighing whether to blow the whistle on the President, according to the New York Times. The second official is among those interviewed by the intelligence community inspector general to corroborate the allegations of the original whistle-blower,
Picture of 10.000 bolivar-bill taken in Caracas on July 26, 2018. – Venezuelan President Nicolas Maduro on July 25 announced the removal of five zeroes from the country’s currency — two more than originally planned — amid hyperinflation the IMF said could reach one million percent this year. (Photo by Juan BARRETO / AFP) (Photo
Forex news for Americas trading on October 4, 2019: Markets: Gold flat at $1504 US 10-year yields down 1.5 bps to 1.52% WTI crude up 43-cents to $52.86 S&P 500 up 41 points to 2952 CHF leads, USD lags The jobs report had something for everyone and that led to varying market reactions. In FX,
What is the trade in USD/JPY MUFG Research discusses USD/JPY tactical outlook and adopts a neutral bias, expecting the pair to remain contained in 106-109 range in the near-term. “Over the last week, the USD rally at the end of the quarter was mixed with JPY buying among exporters. Financial institutions are taking gains and
Yen The yen has three main movers that you need to know about. 1. The Japanese Yen is typically traded as a safe haven currency. In times of disaster, uncertainty. or poor global trade outlook (like the US-China trade war) the Yen finds buyers. 2. This is the other side of the coin of being
The rebound extends The S&P 500 is more than 50 points above the lows of the day and oil has erased its losses in a sharp intarday turnaround. The S&P 500 fell as low as 2855 in the aftermath of the soft ISM non-manufacturing data only to embark on an impressive turnaround shortly after. Now
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do