Why did the euro fall to parity against the dollar and is this notorious level so important When the US economy collapsed during the 2008 global financial crisis, one euro was worth about 1.6...
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The dollar was covered by profit-taking
The dollar is depreciating in Friday trading after hitting a 20-year high of 109.30 the day before on Thursday. At the same time, the dollar closes higher for the third week in a row,...
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1 Minute
The correlation between bitcoin and the US stock market has dropped to its lowest levels since the beginning of the year
The correlation between bitcoin and the Nasdaq 100 technology index has dropped to its lowest level since the beginning of the year below 0.50. This means that bitcoin and US tech stocks move in sync...
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2 Minutes
The rout of industrial metals is intensifying due to recession fears. Copper drops to 20-month low below $7,000
Copper fell to a 20-month low as fears of a global recession weighed on the demand outlook for the metal, which is seen as a leader due to its wide range of uses in...
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2 Minutes
US does not expect Saudi Arabia to increase oil production immediately
The United States does not expect Saudi Arabia to increase oil production immediately and is monitoring the results of the next OPEC+ meeting on August 3, a U.S. official told Reuters on Friday. The...
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Major indices close near session highs
The major US stock indices closed sharply higher and near session highs. The major indices for the week still closed lower, but cut into those declines with the sharp gains today. Retail sales came in better-than-expected...
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2 Minutes
Germans prepare to use firewood to heat houses this winter – Deutsche Bank
Germans may switch to wood to heat their homes this winter as Russia cuts natural gas supplies, according to Deutsche Bank. German households may switch to wood as a source of heating for their...
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