news & articles

Your go to place to stay updated with the latest news and fun articles from the finance and crypto worlds.

ALERTS | ICOS | STOCKS | CRYPTOS | OPINIONS

© Copyright GGG Inc.

The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. All Content on this site is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the Site constitutes professional and/or financial advice, nor does any information on the Site constitute a comprehensive or complete statement of the matters discussed or the law relating thereto.

Equities Cautious as Investors Take Foot off Gas, Bitcoin Below $10,000


Shutterstock photo

The Federal Reserve will publish its Beige Book report later today. Wall Street proved cautious on Tuesday.

Moderate Losses for Wall Street, Fed to Publish its Beige Book

U.S investors proved capable of a rather tranquil trading on Tuesday. Wall Street advanced early in the day, but came under selling pressure later and finished with moderate losses. Industrial and factory capacity statistics will come from the States, along with the Federal Reserve’s Beige Book. The U.S Dollar has remained weak in forex against most major currencies.

Cryptocurrencies Sell-Off: All Cryptos Crash for the Second consecutive day.

Cryptocurrencies extended their losses after yesterday’s big sell-off. The trend continues today after Bitconnect shuts down its platform. Investors reacted to the news today following yesterday’s news of South Korea regulators plan to ban cryptocurrencies. Bitcoin dropped 17.40% to trade at $9848, Ethereum fell 22.54%, trading at $848, Ripple is down 30% to trade at $0.99.

Key Data from China on the Schedule, Impressive Machinery Orders in Japan

Asian equity Indexes experienced some selling today, except for the Hang Seng which managed slight gains. The Hang Seng has climbed more than 10 percent in value the past month. Gross Domestic Product and Industrial Production data will come from China tomorrow and will be a focal point for investors. Japanese data via the Core Machinery Orders this morning turned in an impressive gain of 5.7%. The Yen remains strong against the U.S Dollar.

European Equities under Pressure, Strong Pound Hindering U.K Traders

The Euro and Pound remain near important high water marks against the U.S Dollar as consolidation has intensified. European equities have produced cautious selling early, as both the Dax and Footsie come under pressure. The Footsie has managed to climb over 3 percent the past month, but the stronger Pound may be hindering investor sentiment in the U.K temporarily. The Pound is trading near 1.3780 against the U.S Dollar.

Support Holds Firm for Precious Metal, Another Flourish Upwards for Gold?

Gold has seen a stable price range the past twenty-four hours after coming off highs early on Tuesday. The commodity is near 1335.00 U.S Dollars an ounce and has seen support hold firm. Traders may be expecting another flourish upwards from Gold in the near term.

U.S Industrial Numbers Coming, Bank of Canada’s Economic Outlook

The Bank of Canada’s Monetary Policy Report will be examined by investors upon its release at 15:00 GMT.

  • 14:15 PM GMT U.S, Industrial Production
  • 15:00 PM GMT Canada, Bank of Canada Monetary Policy Report
  • 19:00 PM GMT U.S, Federal Reserve’s Beige Book

Yaron Mazor is a senior analyst at SuperTraderTV .

SuperTraderTV Academy is a leader in investing and stock trading education. Sign up  for a class today to learn proven strategies on how to trade smarter.

This article was originally posted on FX Empire

More From FXEMPIRE:

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


No Comments

Post A Comment