There were 779,000 initial claims for unemployment benefits in the US during the week ending January 30, the data published by the US Department of Labor (DOL) showed on Thursday. This reading followed the previous print of 812,000 (revised from 847,000) and came in better than the market expectation of …

The Bank of England said UK banks will need at least six months to prepare for the switch to negative interest rates. This was after the bank fixed interest rates at 0.1%. The Bank of England asked British banks in October about their preparedness for negative interest rates, after it …

The International Monetary Fund has said it is launching a new approach to assessing debt sustainability for countries that are able to access financial markets with the goal of predicting the risks of financial crises more accurately and improving transparency. Fund officials said that it is expected to activate an …

The Bank of England’s (BoE) Monetary Policy Committee (MPC) decided to leave the benchmark interest rate unchanged at 0.10% at its January policy meeting and kept the Asset Purchase Facility steady at £895 billion.

The cryptocurrency, Dogecoin, rose by more than 50% after US billionaire Elon Musk showed his support on Twitter, two days after announcing that he would be away from the social networking site for “a while.” Dogecoin jumped to $0.05,798, according to data on the blockchain and cryptocurrency site CoinDesk. Tesla …

Retail Sales in the euro area rose by 2% on a monthly basis in December, the data published by the Eurostat showed on Thursday. This reading followed November’s contraction of 5.7% and came in better than the market expectation of 1.6%. On a yearly basis, Retail Sales increased by 0.6% …

The dollar rose to its highest in more than two months against the euro and the yen on Thursday (February 4th), as pessimism about the outlook for the US economy subsided before the publication of important data on the jobs market. The pound fell against the dollar, but it is …

Gold and silver prices fell on Thursday, February 4th, as the dollar’s rally negatively affected their attractiveness, while investors awaited the approval of a massive stimulus package in the United States and the Bank of England’s policy expectations. Gold fell in immediate transactions 0.6% to 1822.81 dollars an ounce. US …

Japanese shares ended a three-day winning streak on Thursday, February 4th, pressured by declines in shares of chip-related companies, but higher Sony shares limited some of the losses. Sony shares rose 9.54%, reaching their highest levels since September 2000, and was among the biggest gainers on the Nikkei index after …

Bitcoin succeeded in achieving the positive outlook, as we expected, surpassing the target required to be achieved at 37810, recording its highest price of 38,346. Today, trading remains above the support level of 37,210 accompanied by the positive motivation of the 50-day moving average. It increases the probability of continuing …