Since dropping below the ascending channel trendline to $8,815 on May 21, Bitcoin (BTC) price has recovered 4.78%. BTC/USD continues to meet resistance at the 20-day moving average, obstructing traders’… Read more »
Economists have predicted that India will face its worst recession ever as the country announced another nationwide lockdown extension. India’s economy is forecasted to contract 45% in the second quarter… Read more »
China’s northeast region province of Jilin is back under lockdown conditions due to a fresh outbreak of a COVID-19 cluster Jilin province cities trains and buses cut schools shut quarantine… Read more »
With the WTI June futures contract settlement date just around the corner, market participants are watching oil prices closely. However, hope remains that oil prices won’t go negative again this… Read more »
British Pound (GBP) and FTSE 100 Prices and Analysis: UK PM Boris Johnson will release more details on his lockdown unwind plan. UK/EU trade talks to re-start but expectations remain… Read more »
Asian stocks and U.S. stock futures were higher on Tuesday as continued reports of economic reopening across the globe boosted investor optimism. Oil prices also extended gains on anticipation that… Read more »
Gold and Crude Oil Talking Points: Gold prices were lower as the prospect of economic reopening tempted investors into riskier assets However weak economic data are sure to endure, helping… Read more »
Market focus will turn to the US later today for the release of US labor data, including claims for unemployment benefits. The Pound Sterling was relatively flat during the London… Read more »
Cryptocurrency trading in Malaysia has surged as the country endures an extended lockdown, costing its economy an estimated $550 million a day. Regulated cryptocurrency exchanges are reporting substantial growth in… Read more »
New Zealand Dollar Talking Points NZD/USD trades in a narrow range following the failed attempt to test the monthly low (0.5843), but the exchange rate may face a more bearish… Read more »