The global economy is “highly likely” to fall into a recession if the U.S. and China don’t reach a trade deal within three months, according to Moody’s Analytics Chief Economist Mark Zandi. His prediction was based on current “extraordinarily fragile”...
Bitcoin: technical indicators are calling for purchase
Bitcoin continues to grind higher, and on Monday the flagship cryptocurrency hit its highest level in 2019. Many investors are stuck in the past looking at the wild volatility brought on by excessive speculation, and ignoring that right here right...
The price of populism: Brexit cost Britain $ 785 million per week
Goldman Sachs on Monday estimated Britain’s economy has lost nearly 2.5 percent of GDP relative to its growth path prior to the mid-2016 referendum on exiting the European Union, and has lagged other advanced economies as uncertainty dents investment. “Politicians...
VK want their own cryptocurrency. Is it possible in Russia?
VKontakte (also known as “VK”), which is Russia’s version of Facebook, is planning to issue its own cryptocurrency. The project is currently under development, but a final decision has not yet been made. The social media firm wants to create...
Erdogan loses, the lira falls
Turkish President Recep Tayyip Erdogan’s Justice and Development Party (AK Party) has lost the capital Ankara and looks set to lose the commercial hub of Istanbul after 25 years in power in both cities, as Sunday’s municipal election results —...
Bitcoin: bears in the short term, super-bulls – in the long term
Despite the 82 percent drop in the valuation of the crypto market in the past year and the inability of bitcoin to recover beyond $4,000 in the past three months, one analyst sees the dominant cryptocurrency surpassing $150,000 by 2023....
FxPro Market Review: Stocks and risk-sensitive currencies on the rise
Stocks Stock markets show growth after the release of strong data for China and Japan as their respective PMIs were better than expected which supported the optimistic mood of the market. China’s blue-chip index China A50 updated yearly highs, adding...