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.
Swiss franc extends drop
The Swiss franc extended its weekly decline. EUR/CHF came close to its highest since October 2019. Meanwhile the Dow Jones hits a record high above 32,000. Bond yields jumped to a an annual high but fell back after comments from Fed Chair Jay Powell.
25 February 2021
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Pound highest in 3 years
Sterling reached a 3-year high. The slump in tech stocks carried shares of Tesla heavily lower. Wall Street finished mixed, gold was flat above $1800 and the dollar gave up early gains after testimony from Fed Chair Powell.
24 February 2021
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Tech punished; Nasdaq drops 2.5%
Tech stocks were under pressure again, sending the Nasdaq down -2.5%. Tesla had its worst day since September as the price of Bitcoin gyrated wildly. Gold had a good day while oil sizzled up 4%. Today Jerome Powell testifies to Congress.
23 February 2021
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GBP/USD tops $1.40
The British pound reached above $1.40 on Friday. Bitcoin’s market cap topped $1 trillion for the first time. The Tesla investment in Bitcoin is already worth more than its 2020 car sales. US indices closed the week lower after hitting record highs.
22 February 2021
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EUR/GBP hits 11-month low
The euro-pound currency pair hits its lowest since March 2020, while the US dollar steadied from its recent ascent after higher-than-expected jobless claims data. Bitcoin pulled back while gold lingered near multi-month lows.
19 February 2021
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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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