Markets

Amazon’s business appears to be thriving these days. At the same time, hovering around $1,800 per share, Amazon (AMZN) stock is down about 17% from its recent high.Since coronavirus took its course, so did stock markets. Amazon.com Inc (NASDAQ: AMZN) stock has been pushed down together with the rest of the market. However, it seems the company has some secret cards in its sleeve. For now, when we look at the cash flow basis, the stock looks like a great buying opportunity. Yesterday, AMZN...

Moderna (MRNA) stock tanked by 10.48% on Thursday. The slide followed FDA Stephen Huhn’s statement that the COVID-19 vaccine is at least a year away.After a short upward, Moderna Inc (NASDAQ: MRNA) stock has plunged. Yesterday, it closed at $28.27, 10.48% down from the previous mark. Before, Moderna stock had a sweet period, albeit short, accompanied by the positive coronavirus news.Moderna (MRNA) Stock PriceOn March 16, the biotech company dosed the first patient in a study of its...

Dow Jones futures and S&P 500 futures have changed little this morning, while Nasdaq futures rose modestly after California issued a “stay-at-home” order to slow the Covid-19 spread.U.S. stock futures started good on early Friday morning, showing potential for a positive opening after an also positive Thursday session. Investors are obviously still watching over coronavirus developments. The Donald Trump administration proposed an $850 billion stimulus package to stabilize the economy,...

Bitcoin price shows signs of recovering as it hit $6,700 level, even as the stock market continues in the sell-off. Major cryptocurrencies like XRP and ETH have followed the rally, as the market cap has risen by $23.8 billion in 24 hours.The crypto community can afford a smile, after days of market price free fall. Led by the mother coin Bitcoin, the cryptocurrencies rose by nearly 20% in 24 hours, rejuvenating the lost hope. At the time of writing, Bitcoin was trading slightly above $6,700,...

Tezos saw a substantial increase following a four-day recovery from $1.2.Against Bitcoin, Tezos slightly bounce around 25000 SAT support after heavy correction, but bullish actions are still shaky.Tezos would confirm a trend reversal if the price can rise above the immediate resistance level.If the price drops beneath the weekly low, the XTZ market may resume short-term bearish actions.XTZ/USD: Tezos Showing Strength AgainKey Resistance Levels: $1.80, $2Key Support Levels: $1.25,...

The White House has asked Congress for $1.3 trillion amid the coronavirus crisis. This sum includes $500 billion in direct payments to Americans, $50 billion in loans to the airline sector, and $150 billion to other “distressed sectors” of the economy.To survive in the coronavirus crisis, the U.S. White House has come up with the proposal to send Americans relief money. Donald Trump‘s administration is planning to make direct payments of $1,000 per adult and $500 per child as a part of a...

It is true that automation makes crypto trading simpler, but you must still consider a number of factors before you fully rely on this method.An automated trading system or an algorithmic trading system allows traders or investors to develop precise rules for trade entries, exits, and money management which, once programmed, can automatically be executed through a computer.The crypto-currency market is active all the time. It never pauses or stops, not even at night. Thus, monitoring can be...

Bitcoin cash price is currently correcting higher from the $133 yearly low against the US Dollar.The price is up more than 20% and it is now trading above the $200 level.There was a break above a key bearish trend line with resistance near $195 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair is now approaching a major resistance area near the $240 and $242 levels.Bitcoin cash price is showing a few positive signs above $200 against the US Dollar. However, BCH/USD...

Is this the day we had been waiting for? Bitcoin completed an 18% price surge over the past 24 hours. But not just that.Yesterday, we mentioned that despite the massive crash in the global markets, Bitcoin’s showing stability above the $5,000 price mark. That stability of yesterday, was the first time after weeks, that Bitcoin was not fully correlated with the stock markets.Today we received another confirmation of this trend: While the S&P 500 had seen a slight 0.5% increase, Bitcoin...

Binance – the world’s biggest and most popular cryptocurrency trading platform – is bringing several new coins to investors including Tezos (XTZ). The asset will be available to all traders utilizing Binance.us.Binance Brings Tezos to U.S. TradersThe cryptocurrency exchange has also commented that trading pairs between XTZ/ USD and XTZ/ Binance USD (BUSD – the company’s stable currency) will also be available. Trading is slated to go live next Monday. Prior to that date, all customers of...