Ether, the cryptocurrency of the Ethereum blockchain platform, rose strongly on Friday reaching new record highs, supported by an increased demand for digital currencies. The second-largest digital currency in the world following Bitcoin, is trading at $2,136.14, extending its gains to about 8.27% over the past 24 hours, with weekly …

Strong jobs data and the subsequent decline in unemployment in the United States led to a rise in the U.S. Dollar (USD) and Treasury yields on Friday. The benchmark 10-year U.S. Treasury bond yield rose by about 3.5 basis points to 1.714%, but remained below its highest level in 14 …

The recent surges in the price of Bitcoin has spurred increased demand for the Chinese digital Yuan, according to the Chinese central bank, CNBC reported. Many central banks around the world are contemplating the idea of issuing a digital version of their currencies amid an increased demand for digital and …

The U.S. Dollar (USD) is showing a fluctuating performance on Friday, which is an official holiday for markets in the United States as it coincides with Good Friday. The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, is up by 0.09% at …

The Unemployment rate in the United States declined to 6% in March, from 6.2% in February, after the economy added 916,000 jobs last month, according to data by the U.S. Bureau of Labor Statistics. Taking into account those who are classified as employed but are absent from work, the unemployment …

The OPEC+ alliance, consisting of the Organization of the Petroleum Exporting Countries (OPEC) and other major crude oil producers, has decided to ease output curbs by gradually increase production over the course of the upcoming three months. According to media reports, the move comes as the United States has called …

The New York Stock Exchange (NYSE) closed higher on Thursday, supported by a positive sentiment and economic data that showed a healthy performance by the manufacturing sector. Accordingly, the S&P 500 index closed at a new all-time high, despite a rise in jobless claims in the U.S. The Dow Jones …

Oil prices rose on Thursday after the OPEC+ alliance opted not gradually ease output cuts, which means that no sudden disruptions will hit the market. Recently, there have been concerns about the recovery of the global demand for oil, however, with the recent OPEC decision the gradual increase come in …

Gold prices rose on Thursday for the second consecutive sessions, amid a decline by the U.S. Dollar (USD) after data showed a surge in jobless claims in the United States. The yellow metal futures for June delivery rose by $12.80, or 0.8%, to close at 1,728.40 per ounce. During the …

Active rigs drilling for crude oil in the United States increased by 13 to a total of 337 this week, data by Baker Hughes showed on Thursday. The total number of rigs drilling for both crude oil and natural gas increased by 13 to 430, as the number of natural …