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.
Gold slides after ‘death cross’
The price of gold was pressured to its lowest close since June as the dollar gained following strong US retail sales data. Stocks in Taiwan popped 3% while the Dow hit a record high. Bitcoin struck $52,000.
18 February 2021
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Bitcoin hits $50k, yields spike
Bitcoin hit the big $50k level on bullish momentum. A spike in bond yields (falling prices) sent US 10-year treasury yields to their highest since pre-COVID. The winter freeze across 15 US States.
17 February 2021
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Oil rips to 13-month high
The price oil continued its extended uptrend, helped by a deep freeze in Texas that shut refineries and tensions in the Middle East. Global stocks traded higher, tracking the record close on Wall Street from Friday, rising for a dizzy 11 straight days.
16 February 2021
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Trump acquitted; Bitcoin nears $50k
Former US President Donald Trump was acquitted in his Senate impeachment trial on Saturday. Markets are already pricing in the next US stimulus bill with record highs across Wall Street.
15 February 2021
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BTC new record on BNY Mellon support
Bitcoin rose back above $48,000 to a new record after Bank of New York Mellon said it will be the first bank to offer custody services to digital assets. Crude oil dropped back from recent highs while the US dollar sank for a third day.
12 February 2021
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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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Weekly Webinar: February 23
Has US oil peaked at $62?
WEEK AHEAD: FEBRUARY 22
Rising bond yields have been boosting the US dollar and if they keep going higher, it could send EUR/USD back under the big 1.20 level. I will discuss that and run through the economic calendar for this week in markets. Thanks! Rich
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