China has the second-largest economy in the world after the U.S. Moreover; it is the most populous country in the world. As a result, it has a lucrative market practically in every industry, and the financial industry is not an exception. Starting in 2020, foreign companies will have a unique opportunity to invest in this …
People who decided to start investing in stocks should be careful as one of the common mistakes is to invest all the money without due diligence. It is important to have at least a general idea about the factors that may influence the stock markets. The first factor is the corporate changes. It means that …
This year will be remembered as a tough year for cryptocurrencies and crypto-related companies. Cryptocurrencies are becoming more popular around the world. This trend will continue in 2020 despite all of the challenges. Recently, Google started to remove crypto videos from YouTube. This decision complicated the relationship between the tech giant and the crypto community, …
The United States has grown into the biggest shale gas producer this decade, and 2019 is its lucky year. Shale gas demand and production has rapidly grown as an available source of natural gas in the country. It was just ten years ago when the United States placed third in the global oil and petroleum …
A Fruitful Decade for US Shale Production | Wibest Broker Read More »
The greenback is on its back foot again this week and is defending its gains against major currencies. The buck lost to most major currencies yesterday, but the GBP USD was the most-watched pair among its pairs. Trade war optimism is playing a double-edged sword for the US dollar this week as traders wait for …
The Greenback in on the Defensive This Week | WibestBroker Read More »
Yesterday, the market turned its head towards Uganda after its President announced that it would borrow money again. The country’s debt burden will continue to haunt it next year as the country’s veteran president seeks reelection. Uganda said that it is planning to loan about 6.9 trillion shillings, that 1.89 billion dollars to be exact. …
Uganda’s $2 Billion Loan for its 2020 and 2021 Budget Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDRON After losing steam from its December 23 peak, the USDRON pair slipped steeply and now is very close to the 200-day moving average, with the dollar weakening and possibly recording the lowest annual …
Daily Market Charts and Analysis December 31, 2019 Read More »
U.S. Labor Department released information about the initial claims for state unemployment benefits for the week that ended on December 21. This data suggest that the U.S. labor market continues to rise which is an excellent new for the U.S. economy. Based on data released by the department on Thursday, the number of people who …
In less than 48 hours, 2019 will come to an end. Now it the perfect time to summarize the most important days for the stocks. The trade war between the U.S. and China continued to dominate the headlines. Moreover, it had a huge impact on the stocks as it was the main driver in 2019. …
South Korea’s National Tax Service (NTS) decided to withhold tax worth 80.3 billion won or $70 million from the Bithumb. It is worth mentioning that Bithumb is the country’s largest crypto exchange. Yesterday, Vidente the largest shareholder of Bithumb Holdings which operates the Bithumb Korea, confirmed this information. Also, according to Vidente, the tax will …
A bill legalizing electric bikes and scooters in New York was passed in June. Despite overwhelming support for the bill, the lack of safety requirements pushed the state’s governor Andrew Cuomo to decline it. New York delivery services will continue to be at risk of arrest since most workers use e-bikes to get around. Fines, …
Electric Scooters and Bikes, Still Illegal in NY Read More »
Goldman Sachs Group Inc. is one of the leading investment banks. Recently it sent a letter to its clients. A new Goldman Sachs economics research note help to learn more about the topics which will affect the U.S. economy in 2020. According to this note, clients should not expect new fiscal stimulus in the new …
The greenback continues to slip against the pound currency as trade war hopes lift risk appetite for the dollar. The GBP USD pair continues to gain altitude as bulls look to regain the losses this month following the UK elections. The dollar remains on the defensive against the pound and other currencies this Monday’s trading. …
GBP USD Pair Extends Rally as the Buck Falters | Wibest Read More »
Gold traders are working their way to the top and looking to end the year with gains, defying all odds. Spot gold prices are now at their two-month highs thanks to the unwavering confidence of bulls. However, many experts still doubt whether prices could continue their bullish momentum once Washington and Beijing’s trade agreement comes …
Spot Gold Prices Still Bullish Despite Trade War Optimism Read More »
Last week, the Lebanese central bank turned heads after its governor said “nobody knows” how low it would deplete against the dollar. The economic and political crisis of the country is weighing in pressure on the pound’s currency peg. Lebanon continues to grapple as its market suffers from the economic crisis that has spanned for …
The Lebanese Pound and the Black Market | Wibest Read More »
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