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USDCHF Off Multi-Years Lows

Concern about the high of COVID-19, and the worsening relations between the United States and China affected the pair. The upbeat mood on the market undermined the CHF as a safe haven and helped reduce further losses. It appears that the USDCHF pair has now entered a bearish consolidation phase …

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European Stocks Seen Higher

European stock markets opened higher on Monday, supported by signs of recovery from China, along with the continued corporate earnings season. However, it gave up some of those gains with negative news about COVID-19 cases and tensions between the United States and China. At 06:05 GMT, DAX futures in Germany …

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Dollar Drops Against Most Currencies

The US dollar fell on Monday after investors shunned the US dollar after doubts about the pace of economic recovery and betting that the Federal Reserve may signal another shift in its forecast this week. The US currency fell to a four-month low against the Japanese yen, a 22-month low …

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China Reports 61 New Covid-19 Cases

The National Health Commission of China said on Monday that it had recorded 61 new infections with the COVID 19 up from 46 the previous day, adding that it had detected the most significant number of local infections with the virus since early March. The commission said the new number …

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Weekly Recap 20-24 July

Tensions between the world’s two largest economies, the United States, and China continues to increase next to increase in the number of new cases of Covid-19, particularly in the United States, all this cast a shadow over the markets as President Trump took some decisions related to China with accusations …

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Bitcoin Taking a Breath Before Another Jump

Bitcoin is trading at $ 9543 and recovered above $ 9,500 after a short decline due to the bearish sentiment in the global markets. Bitcoin has a market value of $ 175.7 billion, which represents 61.4% of the total capitalization in the digital assets market. Over 82% of Bitcoin holders …

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