Crude Oil Boosted by OPEC & U.S. Stockpiles; Stock Markets Mostly Bullish; U.S. Dollar Rising Gently.
There are concerns that Bitcoin could be displaced by stablecoins which, given the fact that their value is linked to traditional currency fluctuations, seem to be better as a store of value.
Crude Oil Boosted by OPEC; British Pound and Gold Retreat from Highs; Stocks Mixed.
Aussie spot trading up 0.20% higher following RBA rate decision.
Gold Breaks Above $1900; GBP/USD Challenging 1.4250; Stocks Mixed; Greenback Weaker.
Demand for manufactured products is still insufficient, despite consumer spending having already returned to pre-pandemic levels.
Gold Breaks Above $1900; Stocks Mostly Weaker; Quiet Day Expected.
Sterling investors largely took in stride the recent comments from the Chief Economist of the Bank of England.
Bitcoin advanced by 2.45% against the US dollar yesterday, recovering from the previous session's losses and closing at the 39,301.0 level.
Gold Breaks Above $1900; Stocks Mixed; RBNZ Takes Hawkish Bias.
The bank announced that it would continue with its loose monetary policy stance until it reaches its unemployment and inflation targets.
Analysts say that lack of new data to shift momentum has kept sterling trade in consolidation mode.
Despite some encouraging sentiment among Western nations that an economic boom is on the horizon, there has been some counterintuitive data which paints a less-than-rosy picture for the intermediate term.
According to data released by Statistics New Zealand, retail sales rose by 2.5% in quarterly terms, after dropping by 2.7% in the previous month.
Stocks Boosted by Fed Inflation Comments; Gold Near New 4-Month High; Crypto Slide Halts for Now.