Market Update

The largest digital currency, Bitcoin, has managed to reach its highest levels in nearly a month, specifically since the start of accepting Bitcoin payments in El Salvador on September 7. Bitcoin was seen a few minutes ago, above the levels of 50 thousand dollars, after rising more than 5%, and …

The dollar rebounded to a one-year high against other major currencies on Tuesday, ahead of an important US jobs report due at the end of the week, which could increase the Federal Reserve’s motivation to start tapering stimulus by next month. The dollar, which is considered a safe haven, also …

Oil prices rose on Tuesday, October 5, reaching their highest levels in at least three years, extending gains made during the previous session after the world’s major oil producers announced their decision to maintain a curb on crude supplies. Brent crude rose 23 cents, or 0.3%, to $81.49 a barrel, …

Gold prices fell on Tuesday, October 5, as the dollar benefited from a decline in risk appetite, and the metal is likely to see volatile trading in the run-up to Friday’s US jobs numbers, which may have an impact on the US Federal Reserve’s plans to cut stimulus. And gold …

Japanese stocks fell to a one-month low on Tuesday as growth stocks were hit hard, as rising oil prices heightened concerns about inflation and monetary tightening globally. The Nikkei index fell by 2.19% to close at 27822.12 points. The broader Topix index lost 1.33% to 1947.75 points, above its 200-day …

Early Tuesday morning in Asia, CNN came out with the news suggesting a different approach by U. S. President Joe Biden to get his infrastructures spending plan through the Senate during a group of House progressives.The Democrats said to have backed the need to trim the top line of the …

The social media giant’s stock on Monday retreated by nearly 5% in its worst daily loss since November. The decline came after Facebook’s worst outage since 2008. Facebook retreated to $315 level, however it closed Friday at $326.23 a share.The company came under additional pressure after whistleblower Frances Haugen revealed …

Tesla’s good news covers growth despite shortage of microchips and Q3 impressive sales. U.S. dealers delivered 446,997 vehicles in the U.S. in the third quarter of 2021, down 218,195 units, or almost 33%. On the contrary, Tesla delivered 241,300 vehicles in the third quarter, up about 73% compared with the …

General Motors is planning for autos to be fully electric is based upon plans to electrify its vehicle lineup after the famous U. S. company won the support of an impact investment group. The hedge fund Engine No. 1, which was announced in January when it won three seats on …

A strong spontaneous rise in the US bond yields prompted new selling around gold on Monday. The risk-off impulse, a broad-based USD weakness would help limit deeper losses as uptrend potential appears limited above $1750.After managing to close the previous week in the positive territory, gold got lower during the …