Market News

Yesterday, Bitcoin gained 4.62% against the US dollar, closing the session at the 35,407.0 level and gaining ground for the fifth consecutive session.

S&P 500 and NASDAQ 100 Indices Hit All-Time Highs; Chinese Stocks Drop Hard; Bitcoin Pops Up to Month High

The European Central Bank today held its long-term refinancing rate policy steady by maintaining a rate of 0% and made no other change except a small adjustment to its forward guidance. The relative value of the euro rose slightly, so it is not clear the release has had any meaningful effect on market prices at all.

Global Stock Markets Bounce Back; USD and JPY Drop

The Bank of Japan recently released its meeting minutes, in which it said that the price outlook is being affected by the rise of commodity costs.

Greenback Bid on Safe Haven Flow; Global Stocks Mostly Weaker; Weak Australian Retail Sales Data

Bitcoin fell by 3.07% yesterday to close the session at the 30,847.0 level.

Resurgent Coronavirus Fears Hit Risk; S&P 500 Trades Below 50-Day MA; Bitcoin Threatens Major Breakdown

OPEC+ members agreed to increase oil production recently in response to the recovery of the oil market and in an attempt to ease production restrictions by the end of 2022.

The National Bureau of Statistics commented that the Chinese economy has sustained a steady recovery.

Fed Chair Says Ready to Act Against Inflation; Chinese GDP at 7.9%; Bank of Canada Reduces Bond Purchase Program.

Yesterday’s release of June’s US CPI data revealed that annualized inflation has jumped from 5% the previous month to 5.4% in June, which is the highest rate it has reached for 13 years.

The Reserve Bank of New Zealand recently announced its decision to leave cash rates unchanged at 0.25%, in line with analysts' expectations.

Annualized US Inflation at 5.4%; NZD Jumps as RBNZ Ends QE; Stocks Take Small Knock.

It seems that the reopening of the world economy has pushed up global demand for Chinese goods.