Oct 122012
 

Daily Stock Market & Trading News

Today
More of the same from the Bank of England (BoE) may drag on GBP/USD as market participants scale back bets for an imminent rate-hike. [...]
Wed, Jun 20, 2018
Source Stock Market Daily Updates by DailyFX
What are the US and China fighting for in this trade war? How will the ‘war' impact their economies, equities and the currency markets? [...]
Wed, Jun 20, 2018
Source Stock Market Daily Updates by DailyFX
The NZD/USD exchange rate stands at risk of giving back the advance from late last year as a bear flag formation unfolds. [...]
Wed, Jun 20, 2018
Source Stock Market Daily Updates by DailyFX
Meanwhile, GBP/USD remains pressured as traders eye another crucial Brexit vote in the House of Commons. [...]
Wed, Jun 20, 2018
Source Stock Market Daily Updates by DailyFX
Earlier
The two largest digital coins by market cap spiked on Monday, leading a positive trend for the crypto market. The majority of the top 100 cryptocurrencies registered gains over the past 24 hours, with BTC back up over $6,700 at time of writing. Ethereum has rallied as well, following comments by a top U.S. regulator last week clearing the token of federal securities rules. Trade Ethereum Now Highly volatile investment product. Your capital is at risk. This is not investment advice. Bitcoin spikes after New York gives a nod to crypto Bitcoin jumped on Monday afternoon after New York's Department of Financial Services granted a virtual currency license to Square, allowing users of its Cash app in NY to trade BTC. Approximately 7 million users currently utilise Square's Cash to make mobile payments. Trade Bitcoin Now Highly volatile investment product. Your capital is at risk. This is not investment advice. BIS report highly critical of cryptocurrencies The Bank for International Settlements (BIS), an umbrella group for 60 of the world's central banks, released its annual report on Monday, heavily criticizing cryptocurrencies such as Bitcoin. The report declared that the digital tokens are “not scalable” enough to function as currency in a global economy, and also raised concerns that widespread crypto adoption could even “bring the Internet to a halt.” The Swiss institution's findings, however, failed to prevent the day's upturn in the general crypto market. The post Daily cryptocurrency Tracker 19.6.18: Bitcoin and Ethereum up by 4% appeared first on eToro. [...]
Mon, Jun 18, 2018
Source Stock Market Insights From Etoro
As the blockchain and crypto industries continue to grow, more and more companies are trying to appeal to both crypto traders and blockchain enthusiasts. One such company is Input Output Hong Kong (IOHK), which created a blockchain development platform called Cardano, joining the likes of Ethereum, NEO and EOS. Launched just before the final quarter of 2017, Cardano was just in time to take part in the great crypto bull run of late 2017 and early 2018. The Cardano crypto, also called ADA, shot up the crypto ranks and became a top 10 cryptocurrency in a short period of time. Now, Cardano and its ADA token are joining eToro's ever-growing offering of cryptocurrencies. What is Cardano? Following the success of Bitcoin, thousands of other cryptos were created. Some of them, such as Ethereum, Litecoin and Ripple Labs, reached incredible market caps and became well-known names. One thing nearly all cryptos have in common is their dependency on a blockchain platform to transfer funds and carry out transactions. While Bitcoin was the first large-scale, successful use-case for the technology, since its inception, several other blockchain ventures were created – some of which aim to give developers access to the technology. One such example is Cardano. The blockchain platform enables developers to run a wide variety of blockchain apps, such as smart contracts and DApps. It is less-than-surprising that the person who helmed the development of Cardano was Charles Hoskinson, who formerly co-founded Ethereum. Alongside the blockchain development aspect, Cardano also offers its own crypto, ADA, which made its way into the top 10 cryptos list. Cardano and Ethereum – similarities and differences While similar to Ethereum in many ways, there are several main differences between the two blockchain platforms: Blockchain development: Both Ethereum and Cardano enable developers to run blockchain-based applications, such as smart contracts and decentralised apps [...]
Sun, Jun 17, 2018
Source Stock Market Insights From Etoro
Developments over the weekend surprised even the more skeptical commentators. President Trump's initial threats of not attending the summit in Canada and snubbing the G7 altogether would have been less damaging to the Group of 7 largest economies. The group was put together in 1973 to monitor economic policies amidst the oil crisis; initially, it was made up of the US, West Germany, France, and the UK. Italy and Japan joined in 1975 whilst in 1976 Pierre Trudeau of Canada, the current prime minister's father, was also invited. More recently Russia joined the group in 1998, making it the G8 until it was ejected in 2014 post-Crimea's annexation. Mr. Trump's assertion that Russia should be invited back raised contempt amidst the Group, yet Chancellor Merkel agreed during an interview with the TV channel ARD last night that a meeting between Putin and Trump would make sense. The Chancellor also admitted that the U.S. president wasn't entirely wrong in pressing Germany to increase defense spending. The recent spat between US, Canada, and the EU will continue as we are amidst deep negotiating tactics. As for the personal insults, “It's not personal. It's just business.” The torrent of insults between Trump and Kim over the past 12 months did not get in the way of initial constructive progress; the question is whether US' allies are willing to play the same game. What will be the market impact from the G7 summit? Probably not much. The EUR/USD, USD/JPY, and USD/MXN could behave as they have been the past couple of weeks, with elevated trade tensions but no cliff-edge moment in sight. Similarly, stock market corrections or bond yield rises are not expected on the back of the weekend's developments. What this weekend proves is that unlike previous G7 meetings where members put a brave face and a [...]
Thu, Jun 14, 2018
Source Stock Market Insights From Etoro
FB
Trade Your capital is at risk Nasdaq reaches all-time high Despite the Dow Jones finishing lower yesterday, the S&P 500 and Nasdaq closed in the green, with the latter posting an all time high. Many stocks finished the day at an all-time high, including Facebook, Amazon, Netflix, 21st Century Fox, Square, Adobe, EA, Nvidia and Spotify. At least two Nasdaq stocks showed massive gains: Etsy, which skyrocketed 26% and Dropbox, which jumped 14%. FBFacebook 196.6 4.19 (2.18%) 97% BUYING AMZNAmazon 1722.31 17.45 (1.02%) 98% BUYING NFLXNetflix, Inc. 392.44 12.51 (3.29%) 97% BUYING SPOTSpotify 178.33 7.51 (4.4%) 97% BUYING Today's highlights: Euro falls on ECB decision Euro tumbles after ECB rate decision: The European Central Bank kept rates unchanged yesterday. At a press conference following the announcement, ECB President Mario Draghi implied that rates will stay unchanged over the next year, causing the Euro to drop more than 1.7% against the USD. Asia seen higher: After the Bank of Japan announced that it is keeping its current interest rate levels, markets in the East were mostly higher. The Nikkei, China50 and Hang Seng indices were all in the green this morning. Crypto markets shows slight gains: 7 of the top 10 cryptos were on the rise over the past 24 hours, including Bitcoin, which showed slight gains and held above the $6,500 mark at the time of writing. Trump could announce tariffs today: The US President might announce the implementation of significant tariffs on Chinese imports, further contributing to concerns of a global trade war. Comcast makes bid for Fox: Despite an agreement between Disney and Fox for the latter to be acquired at a price of $52.4 billion, Comcast is now making a hostile move to block the deal and acquire the media company. Comcast has offered Fox shareholders $35 per share for a total bidding price of $65 billion – a 19% increase over Disney's offer. Europe opens [...]
Wed, Jun 13, 2018
Source Stock Market Insights From Etoro

More trading news updates to follow, thank you for reading….

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