Market Update

Bitcoin hit $19,000 on Tuesday, November 24 for the first time in nearly three years, and is close to reaching an all-time high of just under $ 20,000. The world’s most popular cryptocurrency increased about 160% this year, supported by demand for riskier assets amid unprecedented fiscal and monetary stimulus …

Riskier currencies like the Australian dollar surged on Tuesday (November 24th) after US President Donald Trump authorized the transfer of power to President-elect Joe Biden. The New Zealand dollar was one of the biggest gainers, up by 0.9%, rising to its highest level in two years at $ 0.6985, after …

Brent crude prices reached their highest levels since March, as news of a promising third Coronavirus vaccine supported hopes for a faster recovery in oil demand, while US President-elect Joe Biden received the green light to start the transition process for his leadership. By 07:44 GMT, Brent crude futures increased …

The headline German IFO Business Climate Index came in at 90.7 for November, down from the previous month’s 92.7 but matched consensus estimates. Meanwhile, the Current Economic Assessment arrived at 90.0 points during the reported month as compared to last month’s 90.3 and 87.2 anticipated. On the other hand, the …

Japanese stocks closed at a multi-year high on Tuesday, November 24, as progress in developing an inexpensive vaccine to prevent the Coronavirus boosted hopes for a speedy economic recovery, and sentiment received additional support from the approval of a formal transfer of power to US President-elect Joe Biden. The Nikkei …

Gold continued to decline to its lowest level in four months Tuesday, November 24, as investors appealed to high-risk assets after the pharmaceutical company, AstraZeneca, ignited the race for a Coronavirus vaccine and a US federal agency approved the start of procedures for the presidential transition in the United States …

The United States President-elect Joe Biden is reportedly planning to nominate the former Federal Reserve Chairwoman Janet Yellen to be the next Secretary of Treasury, the Wall Street Journal has reported.

The main indices of the New York Stock Exchange (NYSE) closed higher on Monday, opening the week with a positive performance, supported by news about the success of new Coronavirus vaccines. The Dow Jones Industrial Average finished higher by 327.79 points, or 1.12%, at 29,591.27 points. The S&P 500 index …

Oil prices closed higher on Monday, opening the week with a positive performance, supported by positive news about Coronavirus vaccines. Brent crude futures for January delivery surged by $1.10, or 2.5%, to settle at $46.06 per barrel. This is the highest closing level for the global benchmark active contracts since …

Gold prices declined on Monday, registering its biggest daily decline in about two weeks. This comes as positive news about a number of Coronavirus vaccine candidates are spurring risk appetite and reducing demand for safe havens. Gold futures for December delivery decreased by $36.40, or 1.8%, and settled at $1,837.8 …