Bitcoin maintained a negative trajectory on Monday, moving within a downward trend due to selling pressures. The world’s largest cryptocurrency in terms of market capitalization fell by more than 5% over the past 24 hours, extending its losses over the past seven days to about 2.5%. Bitcoin is currently trading …

The U.S. Dollar (USD) is showing a mostly negative performance on Monday, amid concerns among investors about the prospects of a rise in inflation resulting from the economic recovery from the coronavirus pandemic. The Dollar Index (DXY) that measures the greenback against a basket of six major international currencies, is …

European stocks finished Monday on a mixed note, opening the week with a fluctuating performance, as the markets witnessed hopes for recovery, as well as fears regarding a rise in inflation rates. The STOXX Europe 600 index closed higher by 0.11% at a new all-time record of 445.40 points. In …

Consumers in the United States expect a rise in inflation, amid the recovery from the coronavirus pandemic, resulting from higher housing prices, as shown by the results of a survey by the Federal Reserve Bank of New York on Monday. The April survey showed a median annual expectation for the …

The main indices of the New York Stock Exchange (NYSE) opened the new week on a varied note, with Wall Street investors mostly optimistic about the prospects of a strong recovery. Rising commodity prices also provided support to energy and mining stocks. The Dow Jones Industrial Average opened at a …

Oil prices rose on Friday, on the back of positive expectations about demand recovery, despite the weaker than expected April jobs report in the United States. The surging number of new cases of the coronavirus (COVID-19) in India, a major importer of crude oil, are being balanced by easing travel …

Gold prices rose on Friday, reaching their highest closing level in nearly three months, amid increased demand for safe-haven assets following the release of a relatively disappointing jobs report in the United States. In addition, the U.S. Dollar’s (USD) decline provided more support to the yellow metal. Gold futures for …

Goldman Sachs is reportedly creating a new cryptocurrency trading desk, according to an internal memo first cited by CNBC. The desk has successfully traded two Bitcoin-linked derivatives, as per the cited memo, which was distributed on Thursday to the bank’s markets staff. The idea has been considered since 2017, when …

European stocks finished higher on Friday, supported by an improved investors’ sentiment due to positive economic data and earnings reports. The STOXX Europe 600 index rose by 0.9%, closing the week at a new record high of 444.93 points, as the tech sector gained 2.1%. For the week, the pan-European …

The number of active rigs drilling for crude oil and natural gas in the United States increase for the second consecutive week, according to data by Baker Hughes released on Friday. The total rig count rose by eight to 448 during the week ended May 7, reaching its highest level …