Daily Articles About Banks
EUR/USD drops under 1.20
The US dollar pushes higher on Thursday after a bigger than expected fall in US jobless claims. That sent gold tumbling 2% while EUR/USD fell below 1.20. The BOE made negative rates an official policy tool. Today is non-farm payrolls day.
Dow turns positive for 2020!
Good Morning. The Dow Jones industrial average briefly turned positive for the year, erasing all of its huge decline through March.
Bitcoin back over $60,000
The dollar rebounded on Friday while gold faltered and Wall Street hit record highs. GBP/USD is testing 2-month lows. Over the weekend Bitcoin rose back over $60,000 but pulled back afterwards. This week Q1 earnings season kicks off.
BTC new record on BNY Mellon support
Bitcoin rose back above $48,000 to a new record after Bank of New York Mellon said it will be the first bank to offer custody services to digital assets. Crude oil dropped back from recent highs while the US dollar sank for a third day.
FOMC Meeting Preview
Markets have mostly pressed the pause button in the lead up to today’s FOMC meeting with gold and the dollar trading in narrow ranges and US stocks ending flat and just off record highs.
Stocks sell-off in first day of 2021
Fresh nerves around the Georgia run-off election in America caused a sudden sell-off on Wall Street. Stock indices dropped with oil while gold rallied. Bitcoin, Ethereum and other cryptos gave back some of the weekend gains.
