Janet Yellen renewed, Monday, her call for Congress to raise or suspend the nation’s debt before October. The U. S. Treasury Secretary has warned that failure to do so may trigger an unprecedented financial crisis in the United States.“The U.S. has always paid its bills on time,” Yellen wrote in …

Euro declined against the U. S. dollar on Monday as dollar firmed ahead of a week that will witness several central bank meetings globally.Immediate resistance can be seen at 1.1738 (50%fib), an upside break can trigger rise towards 1.1771(61.8%fib).On the downside, immediate support is seen at 1.1697(38.2%fib), a break below …

China will take the necessary measures with all member states of the Regional Comprehensive Economic Partnership (RCEP) to implement and enforce the trade pact as scheduled.According to the Ministry of Commerce, this year marks the thirteenth anniversary of establishing dialogue relations between China and the Association of Southeast Asian Nations …

Cryptocurrency prices dropped as a reaction to large selloff move because of worries about infection from China’s Evergrande Group swept all global markets. Bitcoin dropped as much as 10.7% to $42,522 in New York trading sessions, Sunday, reaching the lowest level since 1 August. The current point is also below …

On Monday, Evergrande’s stock price fell 10.2% in Hong Kong, the latest blow impacting the Chinese property giant that has been on a downward curve for 8 months. Today’s selloff reflects growing concerns expressed by investors that Evergrande will default on part of its $300 billion debt this week—$120 million …

U.S. government bond yields have surged on Friday, with the 10-year bill yield approaching a two month high, touching 1.3855%, its highest level since 2011 and was set for a fourth consecutive week of increases, the longest such successive band since March.Traders look forward to a busy week of Central …

The latest strength of the USD and the rising Treasury yields have served as main series catalysts for gold mining stocks. Now, Gold is testing the support level at USD 1750. The U.S. Dollar Index, which measures the strength of the U.S. dollar against a broad basket of currencies, is …

Coinbase CEO Brian Armstrong released, Friday, a new list of predictions for Bitcoin and the cryptocurrency industry.Armstrong believes a billionaire Bitcoin based upon blockchain concepts will boost technological, scientific and charitable causes in the near future. He believes as soon as the price rises up to USD 200,000 per Bitcoin, …

Copper price declined, this weekend, after China said that it would closely monitor market conditions. The Chinese state planner will also continue to free policies concerning copper, aluminum and zinc from its state reserves, in an effort to maintain balance and encounter long-term mismatches between supply and demand.As a direct …

EUR/USD has kept sliding for the second successive day. The pair has been exchanging hands at 1.1728 down 0.30%.After a stellar U. S. Retail Sales report on Thursday, the EUR/USD pair is trading at three-week lows, driven by USD’s strength as (DXY) Index is at three-week highsThe market mood is …