Thursday, April 30th—today's news: oil giant Shell cuts dividends for the first time since WW2. European markets await the ECB meeting, cryptocurrency market surged $35 billion in the last 24 hours propelled by a jump in bitcoin. EUR/USD is at 1.0878, GBP/USD—1.2494; Brent oil is $26.20 per barrel, gold is $1,729.35. Read the daily …
As part of the crisis response measures in the US, the Federal Reserve cut the interest rate to nearly zero, and provided $2.3 trillion to support the economy. Other governments are not far behind, consistently throwing liquidity at the coronavirus crisis. Traders and investors should be ready for even more …
Wednesday, April 29th—today's news: Fitch cuts Italy's credit rating to just one notch above junk. The US dollar remains a safe bet for investors, Dow Jones is rising on the optimism over the economy's reopening and the Fed extending the stimulus. EUR/USD is at 1.0867, GBP/USD—1.2441; Brent oil is $23.57 per barrel, gold is $1,719.50. …
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