Bitcoin falls over 10% as record-breaking rally loses steam
An illustration of bitcoin on Euro banknotes. Nicolas Economou | NurPhoto via Getty Images Bitcoin is pulling back from its record highs. The cryptocurrency briefly dipped below $30,000 Monday, just two days after breaching that level for the first time....
Oil and Gold Start 2020 On Bright Note
Oil awaits OPEC+ A weaker US dollar and more vaccine approvals appear to have inspired oil prices to move higher in Asia, boosted by robust regional manufacturing PMI data. Brent crude has risen 1.15% to USD52.05 a barrel, and WTI...
Gold Price Started A Fresh Increase Above $1,880
Gold price started a fresh increase above the $1,880 resistance against the US Dollar. The price even broke the main $1,900 resistance zone to move into a positive zone. There was also a close above the $1,910 level and the...
Dollar Trades Lower as Markets Open the Year on Firm Footing
Dollar trades generally lower today as Asian markets ex-Japan open the year on strong footing. Investors are generally riding on optimism of vaccine rollouts and an eventual sustainable global recovery. Though, for the short term, Japan is facing risk of...
Economic, Geopolitical, and Social Implications of a Biden Presidency
On January 20th, Joe Biden will become the 46th President of the United States. With that will come numerous economic, geopolitical and social policy changes that will be dramatically different than those of President Trump. Biden will look to expand...
Trading legend Art Cashin shares his poem to say goodbye to 2020 and welcome the New Year
Source: NYSE photo Art Cashin couldn’t lead the New York Stock Exchange in the singing of “Wait til the Sun Shines Nellie” this year, but he penned this poem for UBS and its clients and is sharing it with us...
Weekly jobless claims fall for a second straight week
The number of people filing for unemployment benefits for the first time unexpectedly fell last week, marking its second straight decline. Initial jobless claims declined by 19,000 to 787,000 in the week ended Dec. 26, the Labor Department said Thursday....
Stocks making the biggest moves premarket: Exxon Mobil, Tribune Publishing, Apple, Tesla & more
Check out the companies making headlines before the bell: Exxon Mobil – The energy giant will write down the value of its assets by up to $20 billion for the fourth quarter, mostly related to its natural gas assets. Exxon is,...
China scores an EU investment deal before Biden takes office — and it wants to do more
European Commission President Ursula von der Leyen, European Council President Charles Michel, German Chancellor Angela Merkel, French President Emmanuel Macron and Chinese President Xi Jinping are seen on a screen during a video conference to approve an investment pact between...
The COVID-19 Vaccine and Market Implications
As the COVID-19 vaccine is released, life will revert to the “old normal”. However, that doesn’t necessarily mean it will be good for the markets! It has been over a year since the first cases of the COVID-19 were diagnosed...
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