Market News

Bitcoin fell by 3.07% yesterday to close the session at the 30,847.0 level.

Resurgent Coronavirus Fears Hit Risk; S&P 500 Trades Below 50-Day MA; Bitcoin Threatens Major Breakdown

OPEC+ members agreed to increase oil production recently in response to the recovery of the oil market and in an attempt to ease production restrictions by the end of 2022.

The National Bureau of Statistics commented that the Chinese economy has sustained a steady recovery.

Fed Chair Says Ready to Act Against Inflation; Chinese GDP at 7.9%; Bank of Canada Reduces Bond Purchase Program.

Yesterday’s release of June’s US CPI data revealed that annualized inflation has jumped from 5% the previous month to 5.4% in June, which is the highest rate it has reached for 13 years.

The Reserve Bank of New Zealand recently announced its decision to leave cash rates unchanged at 0.25%, in line with analysts' expectations.

Annualized US Inflation at 5.4%; NZD Jumps as RBNZ Ends QE; Stocks Take Small Knock.

It seems that the reopening of the world economy has pushed up global demand for Chinese goods.

U.S. Broad Market Index Closes at New All-Time High; NASDAQ and DAX Also Reach Records; Forex Market Lacking Direction

European Central Bank President Christine Lagarde recently commented that the bank will be changing its policy guidance in its next meeting to show that reviving inflation is an important goal for the bank.

U.S. Broad Market Index Ends Week at All-Time High; Asian Stocks Bullish; Dollar Bid.

The FOMC meeting minutes released yesterday renew focus on talk of QE tapering, produce risk-off price movement. Will traders be able to profit if the Fed slip up and gets it wrong?

The condition of the labor market is relatively stable, though it is still facing some instabilities as the economy continues to recover.

FOMC Minutes Release has Minor Market Impact; U.S. Dollar and Japanese Yen Continue Advance; Crude Oil Drops.