Market News

Oil markets declined yesterday despite American Petroleum Institute's report that US crude oil inventories dropped by 1 million barrels, which was against market expectations.

Markets Quiet Ahead of FOMC Rate & Projections; U.S. Dollar Slightly Stronger; Poor U.S. Retail Sales Data.

Some fears have been spreading across the markets after Indian government officials announced a bill in parliament that would ban cryptocurrencies.

S&P 500 & Dow Jones Makes Record Highs; Bitcoin Falls Strongly; Forex Mixed; Treasury Yields Lower.

China's National Bureau of Statistics reported recently that retail sales rose by 33.8% in February (year-on-year), surpassing expectations of 32% and the previous month's 4.6%.

One of the advantages of eToro is the great ease with which it allows trading through it using artificial intelligence-based systems and machine learning.

U.S. Stock Market Bullish; Dow Jones Makes Record High; Bitcoin Breaks $60k.

The greenback remained close to a 1-week trough as a safe-haven currency as investor sentiment shifted toward higher risk assets.

The European Central Bank has left its main refinancing rate and all secondary rates unchanged. The main refinancing rate remains at zero.

The pound sterling edged higher against its US counterpart, and the GBP/USD pair moved above the $1.39 level.

Gold futures rose for the second consecutive day yesterday, gaining 0.29% during the session and closing at the 1,721.80 level.

Global Stocks Rally; USD Pushed Back; Bitcoin Fails to Break High.

The Bank of Canada released its monthly rate statement yesterday, surprising few by holding its interest rate steady at a historically low 0.25%.

The pound took a breather against the greenback during London trade on Wednesday, but analysts say that it continues to be buoyed by the government's thus-far successful vaccination program.

Yesterday, Bitcoin gained ground for the fifth consecutive day, advancing by 4.88% against the US dollar and closing the session at the $54,949.4 level.