EURO, SWISS FRANC, CORONAVIRUS, EUR/CHF OUTLOOK – TALKING POINTS Euro may fall if Eurozone confidence data underwhelms Spreading coronavirus is undermining regional recovery EUR/CHF losses may continue as it flirts with resistance ASIA-PACIFIC RECAP: COVID-19 HAUNTS EQUITIES APAC equities continued to experience market-wide pandemonium as fear about the coronavirus continued to undermine bullish sentiment. This
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If there’s one clearly bullish sign for Nio (NYSE:NIO), it’s that the Chinese government knows when they’ve made a mistake. Previously, China declared its intent to scale back its financial incentives for purchasing electric vehicles. However, that move devastated EV sales. So, China has somewhat reversed course, announcing no significant incentive cuts for 2020. However,
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SILVER PRICES, XAG/USD, PALLADIUM, XPD/USD – TALKING POINTS Silver price charts indicate XAG/USD may have topped, is heading for bearish correction Decline in silver prices mark the start of a bigger downside move as it eyes 1-year support Silver is in another compression zone, opening door to another bullish or bearish breakout SILVER OUTLOOK: XAG/USD
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Litecoin Falls 15% In Selloff Investing.com – was trading at $60.083 by 21:10 (02:10 GMT) on the Investing.com Index on Thursday, down 14.50% on the day. It was the largest one-day percentage loss since February 26. The move downwards pushed Litecoin’s market cap down to $3.855B, or 1.53% of the total cryptocurrency market cap. At
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Scott Minerd, founding managing partner at Guggenheim, at WEF in Davos, Switzerland on Jan. 22, 2019. Adam Galica | CNBC Guggenheim Partners Global CIO Scott Minerd said Wednesday that stocks could have further to fall as the markets came to grips with the economic impact from the coronavirus outbreak. Minerd, appearing on CNBC’s “Closing Bell,”
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An employee works while sitting under a mural at Etsy Inc. headquarters in Brooklyn. Victor J. Blue/Bloomberg via Getty Images Check out the companies making headlines after the bell: Booking Holdings—Amidst the coronavirus outbreak, the travel company’s stock fell over 2% in extended trading despite posting a double beat on earnings and revenue for the
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The bulls have had a rough week as the coronavirus from China goes global and threatens a major disruption of end demand, supply chains and debt market health. U.S. equities just suffered the most rapid two-day pullback of the current bull market, outpacing the 2010 Eurozone panic, the 2011 debt panic and even the 2018
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A lawsuit claiming Ripple violated securities laws will be allowed to move forward – though with a caveat favorable to the San Francisco-based payments firm. In a ruling Wednesday, U.S. District Judge Phyllis Hamilton, of the Northern District of California, allowed a putative class-action lawsuit by retail XRP buyers to proceed. Hamilton said the suit
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