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.
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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‘Meme stocks’ plummet, Bezos steps down
The short squeeze unwound in a big way on Tuesday, led by GameStop, which plummeted -60%. Silver crashed 10%, wiping out most of its recent gains. EUR/USD hit a 2-month low while Wall Street had its best day since November.
03 February 2021
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Silver hits $30, USD/JPY 105
The price of silver hit an 8-year high over $30 per oz as short-squeeze attention flipped from GameStop to precious metals. GME and other most-shorted stocks dropped sharply as data showed many shorts had already covered.
02 February 2021
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