fbpx
The USD/JPY is down for the second straight day as traders react to Japan’s machinery order numbers. The data showed that the core orders rose by 0.2% in August, better than the expected decline of 1%. However, Japan’s producer price index data disappointed. The USD/JPY price is down for the second straight...
Crude oil advanced on a weekly basis Hurricane Delta shut down most production in the Gulf of Mexico The global oil demand will return to pre-pandemic levels in 2022 The price of crude oil has advanced from $37 above $41 in less than several days and the current price stands around $40.5....
Audi forecasts weaker sales in 2020 due to the Coronavirus pandemic. The automaker performed the best across global operations last month. Nissan Motor Corp reports a 5.1% increase in monthly sales in China. Audi AG said on Sunday that signs of recovery were evident in sales from July to September after months...
Usually, a bounce-back of a minimum of 20% happens in technology stocks following a correction, analysts note Now is a good time to renew mega-cap tech investments with newer themes – UBS The Zurich-based bank encourages investors to diversify within the technology sector. Technology stocks have been among the best performers this...
For many investors, the ‘what’ is more important than the ‘why’– and it is particularly more important right now, with the economic stimulus and everything. Let’s give you an example- the advancement of Dow Jones Industrial Average to 28,586.90- around 904.09 or 3.3% from its last outing this week....
Traditional banks continue to increase their investments in cryptocurrencies Bitcoin price has gained over 7% this week as buyers eye $12,500 next Ethereum price is testing the daily resistance at $375 with hopes that this rally could extend above $400 The number of traditional institutional investors that are looking to increase their...
DJIA, SPX and Nasdaq advanced on a weekly basis Hopes related to a US stimulus package boosted the market’s sentiment The US President Trump proposed a $1.8 trillion stimulus package The US stock market advanced this Friday supported by the fact that optimism over more federal fiscal aid grew. The US President...
As the time for the November presidential elections come closer, the rush to secure a second stimulus check gets faster. However, the latest stimulus package proposed by the White House has been rejected by Speaker Pelosi. She said that the proposed stimulus bill will take them two steps behind....
For quite a while, Ripple has been surrounded by U.S. regulations. The regulations somehow result in the performance of Ripple XRP, which is currently at its lows. The U.S. has been tagging Ripple is a privacy coin. The Ripple foundation contradicts with the judgment. Ripple XRP has become a hot topic amid...
The Labor Department has stated that close to 26 million Americans are still collecting their first stimulus checks from the federal government. Of the 26 million, half of them have been relying on programs that are pandemic-related- in order to get benefits as they wouldn’t be eligible otherwise. Unfortunately,...