This year, Bitcoin and other cryptocurrencies have been the best-performing assets in the financial markets. Year-to-date, Bitcoin price has risen by 195% while that of Ethereum has risen by more than 90%. There are technical and fundamental reasons for this increase. From a technical perspective, many investors bought into the currencies in January, after dropping […]
This week, US stocks continued to soar, with all the major indices breaking records. The S&P 500 crossed $3,000 for the first time while the Dow Jones Industrial Average (DJIA) crossed $27,000 for the first time. This happened as investors cheered Jerome Powell, who had a two-day testimony to congress. In his testimony, the Fed […]
Singapore is a small country in Asia with a population of more than 5 million people and a GDP of more than $330 billion. It is one of the most developed country in the region. Its democratic model and strong judiciary, coupled with its close proximity to China makes it an attractive country to investors. […]
The S&P 500 is the biggest index in the world. The companies in the index have a market value of more than $24 trillion. This makes them slightly higher than the entire GDP of the United States, which stands at more than $20 trillion. The biggest companies in the index are the likes of Apple, […]
Yesterday, the biggest news in the financial markets was the Jerome Powell testimony. In the statement, the chair said that the officials will likely lower interest rates in the coming meeting. This was in line with the previous expectations. Investors are now pricing-in two more rate cuts this year. Today, attention will still remain on […]
The price of crude oil jumped in overnight trading as investors reacted to the inventories data released by the Energy Information Administration (EIA). This data is usually released every week by the organization. The data released showed that inventories declined by almost 10 million barrels. This was a sharper decline than the 3 million that […]
Today, the biggest news in the financial market will be Jerome Powell, who will be testifying in congress. The Fed Chair’s testimony will be the first one since the US reported excellent jobs numbers for the month of June. In the month, the economy added more than 224k jobs, which was higher than the 160k […]
Canada is an important North American country with a population of more than 37 million people and a GDP of more than $1.6 trillion. This makes it the tenth largest economy in the world. Part of the reason why the country’s economy is so large is that it has vast natural resources like crude oil. […]
Mexico is an important North American economy that neighbors the US to the south. The country has a population of more than 112 million people and a GDP of more than $1.12 trillion. The country is famous for the volumes of trade it carries with the United States. In 2018, the two countries had trade […]
The DAX index is Germany’s response to the US Dow Jones Industrial Average. The index is made up of the 30 biggest companies in Germany and is used as a measure of how good or bad the economy is performing. Yesterday, the DAX declined by 25 points and the futures point to a 36 lower […]
Australia is an important country in the financial market because of the resources that it produces. It is one of the most advanced economy, with a GDP of more than $1.3 trillion. Its GDP per capita is more than $54K. The country is known for the vast resources it has and its recent attempts to […]
The United States is disliked by many of its allies and enemies. The European Union, its closest ally was formed partly to compete with the US. Most countries have frictions with the US because of its interference in the world’s systems. The country has attacked nations, killed presidents, and has always interfered in the internal […]
This week, the focus among investors will be at the G20 summit, which will take place at Osaka, Japan. The meeting usually brings together the leaders of the 20 biggest and most powerful economies in the world. Their goal is usually to deliberate on the key challenges the world is facing such as climate change, […]
Corn is one of the most important agricultural commodities in the US. In June, the price of the commodity has risen sharply, caused by the poor weather that has affected most regions that grow the crop. In the month, the price has risen from a low of $3.42 and reached a high of $4.63. The […]
This year, Bitcoin is one of the best performing financial asset after rising by more than 240%. In the five days alone, the currency has gained by more than 30%. The recent upward trend is mostly attributed to the recent announcement by Facebook, that it will be launching its own cryptocurrency in the coming year. […]
This week, the biggest focus among market participants is the meeting between Donald Trump and Xi Jinping of China. The meeting will take place at Osaka, Japan at the sidelines of the annual G20 meeting. Investors hope that the meeting of the presidents of the two most powerful countries in the world will help reduce […]
The New Zealand dollar rose today after the country’s central bank released its interest rates decision. As expected, the bank left interest rates unchanged at 1.50% and said that the low interest rates were necessary to caution the caution the country from the adverse impacts of the ongoing trade tensions. In the statement, the officials […]
US stocks declined yesterday after the Fed chair warned about the health of the US economy, The chair said that the ongoing trade war had put the economy at a precarious situation, which will lead to lower interest rates. Traders are now pricing in a 25 basis rate cut in the July meeting. In a […]
Over the weekend, all the major cryptocurrencies rallied to YTD highs. Bitcoin crossed the important psychological level of $10,000. Year-to-date, Bitcoin has rallied by more than 150%, making it the biggest gainers. It has reinforced the fact that Bitcoin should not be ignored. The recent rally is mostly because of the current entry by Facebook […]
Stocks and gold ended the week at record highs while the US dollar and US bonds fell to multi-week lows. This followed the dovish statements from the Federal Reserve, who indicated that they might cut rates in the coming meetings as the US economy faced significant challenges. Crude oil prices rose as tensions in the […]
After the Fed lifted investors’ optimism last week, attention will turn to Japan this week. The leaders of the 20 most powerful economies will meet this week for the annual G20 summit. The most important things in the summit will be the meeting between Donald Trump and his Chinese counterpart, Xi Jinping. This will be […]
In 2015, before his term ended, Barrack Obama helped sign the Joint Comprehensive Plan of Action (JCPOA), which is commonly known as the Iran deal. This deal was signed after years of negotiations that involved many stakeholders like China, Russia, and the European Union. The most important parts of the deal was that Iran would […]
This week, the Bitcoin rally that started early this year continued. The rally has led the currency to gain by more than 150% this year. This makes the cryptocurrency has the best performance compared to all other asset classes. The reason for this week’s rally was the launch of Libra, the cryptocurrency project by Facebook. […]
This was a successful week for the markets, with global stocks rising. These gains happened following the Federal Reserve interest rates decision on Wednesday. This article will look at the biggest stories of the week and what they mean for traders. Federal Reserve The Federal Reserve released its interest rates decision on Wednesday. As expected, […]
The Bank of Japan (BOJ) officials concluded the two-day monetary policy meeting earlier today. The officials then released the interest rates decision, which was not surprising. The interest rates were left unchanged at the current level of minus 0.10%. The bank also said that more stimulus could be on the way. It also pledged to […]
The Bank of England (BOE) will become the third major bank to deliver its interest rates decision in the past 24 hours. The bank is expected to leave rates unchanged at the current level of 0.75% and unlike other central banks, it is expected to sound a bit hawkish in its statement. According to Reuters, […]
The Federal Open Market Committee (FOMC) concluded its two-day meeting yesterday and announced its interest rates decision. As was widely expected, the bank left interest rates unchanged at the range of 2.25% and 2.50% in this meeting. The bank also issued a somewhat dovish statement, indicating that it will likely cut rates soon. This will […]
It will be an important day for the markets as investors are expected to receive a ton of important data. Earlier today, Japan released the trade data for the month of May. The numbers showed that in the month, exports declined by -7.8%. This was lower than the expected decline of -7.7%. Imports declined by […]
The US dollar index was relatively unchanged in overnight trading as investors waited patiently on the Federal Reserve interest rates decision. The decision will come at 2100 GMT and is expected to be the biggest news of the day. It also comes a day after it emerged that the White House had considered the legalities […]
Trade was one of the issues that got Donald Trump elected in 2016. In the campaign trail, he talked about how other countries were taking advantage of the United States. He talked straight to the American people, some who were laid off when most companies like General Motors and Ford moved their plants out of […]
