A group of traders looked to liquidate the giant short position in BTC but the operation failed, per observers.
Gold holds below $3,000 ahead of Fed rate decision
Gold prices firmed on Monday, sitting just below the $3,000-mark that was broken last week, with the focus on trade tariffs and the U.S. Federal Reserve's policy meeting. Spot gold was up 0.4% to $2,994.79 an ounce by 11:26 a.m. ET (1526 GMT), having hit a record high of $3,004.86 on Friday. The Federal Reserve will give its new economic projections this week, which will provide the most tangible evidence yet of how U.S. central bankers view the likely impact of President Donald Trump's policies that have clouded a previously solid economic outlook.
Iron Ore Futures Decline From Monthly High On China Uncertainty
(Bloomberg) -- Iron ore fell as the latest economic data in China underscored an uneven start to the year for the world’s second-biggest economy, with new home prices falling again. Most Read from BloombergICE Eyes Massive California Tent Facility Amid Space ConstraintsHow Britain’s Most Bike-Friendly New Town Got BuiltThe Dark Prophet of Car-Clogged CitiesWashington, DC, Region Braces for ‘Devastating’ Cuts from CongressSaving the Signature Sound of Washington, DCFutures of the steel-making ing
US stocks gain, gold hovers near all-time high as Russia-Ukraine talks in view
NEW YORK (Reuters) -Wall Street stocks ended higher and gold held near $3,000 per ounce on Monday after mixed economic data and ahead of talks between U.S. President Donald Trump and Russian President Vladimir Putin aimed at ending the Ukraine war. Trump said he would speak with Putin on Tuesday to discuss a potential Russia-Ukraine cease-fire proposal, which could alleviate some geopolitical uncertainty. "There has been a pretty big selloff, so some sort of a rebound, is to be expected and I think that's part of what we're seeing," said Oliver Pursche, senior vice president at Wealthspire Advisors, in New York.
Goldman Cuts Oil Forecasts on Slow US Growth, OPEC+ Policy
(Bloomberg) -- Goldman Sachs Group Inc. cut its oil price forecasts, as tariffs reduce the outlook for US growth while OPEC and its allies boost output.Most Read from BloombergICE Eyes Massive California Tent Facility Amid Space ConstraintsHow Britain’s Most Bike-Friendly New Town Got BuiltThe Dark Prophet of Car-Clogged CitiesWashington, DC, Region Braces for ‘Devastating’ Cuts from CongressSaving the Signature Sound of Washington, DCThe move follows a drop in crude prices from this year’s high
World’s Biggest Stock Rout Deepens as Thai Market Rescue Falters
(Bloomberg) -- An ambitious campaign to revive Thailand’s battered stock market is falling flat, as entrenched pessimism about the economy accelerates a foreign funds exodus. Most Read from BloombergICE Eyes Massive California Tent Facility Amid Space ConstraintsHow Britain’s Most Bike-Friendly New Town Got BuiltThe Dark Prophet of Car-Clogged CitiesWashington, DC, Region Braces for ‘Devastating’ Cuts from CongressSaving the Signature Sound of Washington, DCSeven months after $4.5 billion was ne
Wall Street’s recession odds are starting to look like a coin flip as Trump refuses to back down on his trade war
"If we would continue down this road of what would be more disruptive, business-unfriendly policies, I think the risks on that recession front would go up."
TKer: One of the most misunderstood moments in stock market cycles
Because the stock market is so heavily dependent on expectations for the future, we inevitably get moments when stock market behavior appears to conflict with information about the present.
The dot-com bubble popped 25 years ago. Here's what market pros say they learned.
"Just because asset prices go up doesn't mean it's a bubble," BMO's Brian Belski told Business Insider.
What if the Market Crashes? Bitcoin vs. XRP
Bitcoin (CRYPTO: BTC) and XRP (CRYPTO: XRP) might be a bit safer than some crypto assets, but it isn't as though they're rock solid when things are falling apart. As the Nasdaq Composite and S&P 500 enter correction territory, investors are starting to worry more about a potential market crash. To start, let's take a look at how Bitcoin and XRP performed during the early 2020 coronavirus market crash.