Major producers debated how to respond to the likelihood of a hit to fuel demand from the Omicron strain of the coronavirus. Hence, oil prices rebounded more than 3% on Wednesday, recouping a big amount of the previous session’s steep losses. Brent oil futures were up $2.46, or 3.6 percent, at $71.69 a barrel at …
Oil on the rise ahead of OPEC meeting amid Omicron concerns Read More »
Riskier currencies rebounded from recent lows on Wednesday. On the other hand, the Japanese yen and other safe havens declined against the greenback. In Asia, traders shook off some of their worries about Covid-19’s Omicron variant. The Chinese yuan stabilized EM currencies during the last turbulent days. It skyrocketed to a six-month high of 6.3596 …
Riskier currencies recovered from recent lows on Wednesday Read More »
News of a COVID-19 variant probably resistant to current vaccines sent investors dashing for the security of the Japanese yen and the Swiss franc on Friday, and traders also took profits following an extended rally in the U.S. dollar. The gains in the yen and the franc developed at the expense of the growth-sensitive Australian …
On Tuesday morning, gold was higher in Asia as investors remained apprehensive about the implications of the Omicron COVID-19 variation on the global economic recovery. By 10:24 p.m. ET, gold futures were up 0.29 percent to $1,790.30. (3:24 AM GMT). Omicron has already caused several nations to block their borders, putting the economic recovery in …
Risk-sensitive currencies tumbled on Tuesday. On the other hand, safe havens rallied in the Asian session, reversing direction after Moderna’s CEO announced that coronavirus vaccines likely won’t be as effective against the new Omicron variant as it has been with other types. Moderna Chief Executive Stéphane Bancel also stated that the effectiveness wouldn’t be on …
Riskier currencies traded in red Tuesday while Yen rallied Read More »
Bitcoin and most major altcoins bounced off their intense support levels, but the real challenge for the bulls is to maintain the momentum and clear the $60,000 resistance level. The crypto and global equity markets staged a robust recovery on Nov. 29, notwithstanding the uncertainty from the newly discovered Omicron variant of coronavirus. Long-term investors …
In November, China’s factory activity quickly picked up, rising for the first time in three months as raw material prices dropped and power rationing reduced, taking some pressure off a manufacturing sector fighting with weak demand. The official manufacturing Purchasing Manager’s Index (PMI) was at 50.1 in November. It was higher from 49.2 in October, …
Founded in 2009, Bitcoin (BTC) is the leading cryptocurrency designed to fit a peer-to-peer electronic cash system. It continues as the digital asset with the largest market capitalization, notwithstanding being the first and the oldest of its kind. Recognized as the brainchild of the still-unknown individual (or maybe a group of people) under the alias …
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