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Amazon has reportedly denied on Monday recent news about a plan to begin accepting Bitcoin as payment by the end of 2021, according to Reuters. Now thought-to-be fake reports by British media regarding Bitcoin acceptance by Amazon led to a huge surge in cryptocurrency to levels not seen in about …

The Dollar Index (DXY) finished Monday on a lower note, amid anticipation for the upcoming policy meeting by the U.S. Federal Reserve. The index, which measures the performance of the U.S. Dollar (USD) against a basket of six major international currencies settled at 92.649, losing 0.28% on a daily basis, …

The United States plans to maintain current travel restrictions due to concerns about the spread of the novel coronavirus (COVID-19) Delta variant with a rising number of cases, Reuters reported. The move that was reportedly confirmed by the White House on Monday could leave a negative impact on the airline …

Oil prices recovered from most of its earlier losses on Monday, but showed a mixed performance, with continuous concerns about recovery and the sustainability of production policies. However, most expectations are leaning towards a tight supply until the end of the year. In addition, markets are focusing on the coming …

Treasury bond yields on the United States stabilized on Monday, amid anticipation fort the upcoming Federal Open Market Committee (FOMC) meeting by the U.S. Federal Reserve. The monetary policy meeting takes place on Tuesday and Wednesday. Todays’ stability in Treasury yields after last week’s fluctuations, is due to relatively reduced …

Gold prices finished below $1,800 and fell to its lowest level in about three weeks, amid anticipation fort the upcoming Federal Open Market Committee (FOMC) meeting by the U.S. Federal Reserve. The policy statement, which is set to be released on Wednesday, will set the tone for markets in terms …

European stocks finished Monday lower, opening the last week of July with small losses with more investors focusing on tracking the resurgence of the coronavirus with the spread of the Delta variant. The STOXX Europe 600 index leveled down by 0.08% to settle at 461.14, nearly its all-time record high …

The manufacturing production in the city of Texas maintained a strong performance in July, data by the Federal Reserve Bank of Dallas showed on Monday. The Dallas Fed manufacturing production index rose to 31.0 in July from 29.4 in June, as shown by the results of the Texas Manufacturing Outlook …

The sales of new single-family homes in the United States declined last month, data showed on Monday. New home sales fell by 6.6% to a seasonally adjusted annual rate of 676,000 units in June, according to the U.S. Department of Commerce. In addition, May’s reading was revised downwards to 724,000 …

Markets are about to enter another turbulent week, the turmoil will be utterly dependent on the performance of household names in the second quarter according to the earnings report and whether these reports indicate a bad performance – which is expected – or come on the positive side, which drives …