TODAY'S TOP MARKET NEWS
Enjoy our daily selection of major news and articles that will help you understand the market sentiment.
We curate our articles section to provide you the most relevant and independent information on the markets.
Reddit traders target Tilray
Tilray stock has been targeted by the sub-Reddit group WallStreetBets as the replacement for GameStop. The stock popped +50% on Wednesday. Elsewhere markets were steady in reaction to comments from Fed Chair Powell.
11 February 2021
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Dollar reverses February gain
The US dollar slid for a third day, wiping out most of its February gains. Bitcoin crossed $48,000 in buying momentum after the Tesla investment. China stocks rallied 2%, the Nasdaq and Russell 2000 hit new highs but the Dow and S&P 500 closed lower.
10 February 2021
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Tesla buys $1.5 billion Bitcoin
Bitcoin soared over 15% to reach a fresh record high over $44,000 after its was revealed Tesla has invested $1.5 billion of its cash reserves into the cryptocurrency. Japan’s Nikkei 225 index reached its highest in 30 years.
09 February 2021
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Dollar sinks after soft NFP
Weaker than expected US jobs data saw the dollar weaken with USD/JPY backing off from its 200 DMA. Gold rebounded from sharp weekly losses on Friday. Over the weekend Bitcoin fell back below $40,000 as other altcoins like Dogecoin garner more interest.
08 February 2021
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EUR/USD drops under 1.20
The US dollar pushes higher on Thursday after a bigger than expected fall in US jobless claims. That sent gold tumbling 2% while EUR/USD fell below 1.20. The BOE made negative rates an official policy tool. Today is non-farm payrolls day.
05 February 2021
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Draghi to be Italian PM
Stocks in Italy gained while the euro dropped on news former ECB President Mario Draghi is to become the new technocrat Prime Minister of Italy. The was some reprieve in the selling of the most-shorted stocks as well as well as silver.
04 February 2021
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WEEKLY WEBINAR: JULY 27
Get your forex trading strategy right this week with our weekly webinar. Get expert technical analysis of the major #forex #cryptocurrencies #indices #commodities #stocks & #shares markets.
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WEEK AHEAD: JULY 26
The last meeting of the US Federal Reserve until after the summer should be a big driving force for forex markets. Also, the big tech companies report second-quarter earnings, which has implications for tech stocks as well as the Nasdaq index. Lots to discuss. Thanks! Rich
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WEEK AHEAD: JULY 19
The European Central Bank and People’s Bank of China both set monetary policy while US earnings season has started. I will take a look at the Euro-dollar and dollar-Chinese yuan currency pairs for how they setup before the action this week. Thanks! Rich