Market Update

Bitcoin is experiencing volatility on Friday, January 22nd and is heading towards its worst weekly decline since September, as concerns about regulation and its overheating push it back from record highs reached recently. The world’s most popular cryptocurrency fell by more than 5% to its lowest level in nearly three …

Japanese stocks retreated from a 30-year peak Friday (January 22nd), as investors were reluctant to make big bets ahead of the corporate earnings season while some took profits after a recent rally led by hopes of a massive stimulus in the United States. The Nikkei index closed down 0.44% to …

The New York Stock Exchange (NYSE) ended Thursday trading session on a mixed note, with Wall Street continuing to show a mostly positive reaction one day after the inauguration of President Joe Biden as the 46th President of the United States. The Dow Jones Industrial Average lost 12 points to …

Oil prices showed a mixed performance on Thursday, following the release of the American Petroleum Institute’s (API) weekly report that showed an unexpected rise in crude inventories in the United States. Accordingly, the U.S. benchmark West Texas Intermediate (WTI) crude futures for March delivery declined by 18 cents, or 0.3%, …

Gold prices declined marginally on Thursday, after closing yesterday at their highest level in about two weeks. This comes despite the continuous retreat of the U.S. Dollar (USD) amid expectations for increased government stimulus by the new Biden administration in the United States. Gold futures for February delivery lost 60 …

The U.S. Dollar (USD) declined on Thursday for the third consecutive session, with investors moving towards other currencies. This comes amid increased hopes for economic recovery amid the rollout of vaccines and the expansion of government stimulus in the United States, both of which has been promised by the new …

Bitcoin continues to decline on Thursday, for the second consecutive day, amid strong selling pressures. The biggest digital currency in the world has lost more than 9% over the past 24 hours, extending its losses over the past seven days to about 19.5%. Bitcoin, the largest cryptocurrency in terms of …

European stocks closed Thursday on a mixed note, following the European Central Bank’s (ECB) latest policy meeting in which it decided to maintain interest rates unchanged. The pan-European STOXX 600 index finished higher by 0.15%. Meanwhile, the French benchmark index CAC40 and the German DAX closed lower by 0.67% and …

The British Pound (GBP) is showing a positive performance on Thursday supported by recent remarks by the Bank of England (BoE) Governor Andrew Bailey that suggested the United Kingdom’s (UK) economy will strongly recover from the Coronavirus pandemic thanks to vaccination. “I really do think that we are going to …

Oil prices declined on Thursday following the release of inventory data in the United States, despite continuous hopes for increased government stimulus spending in the U.S. Crude oil inventories in the United States increased by 2.6 million barrels last week, against market expectations for another decline, according to the weekly …