On December 4, several factors helped the U.S. markets to strengthen their positions. Stocks reacted to a news report that said the U.S. and China nearly completed the trade and would sign the “Phase One” agreement. According to the people familiar with the negotiations process, two countries were able to move closer to sign this …
The South African rand successfully regained its footing in yesterday’s trading following an upsetting fall earlier this week. Aside from the manufacturing PMI, the GDP growth of the country is also weighing in on the rand. Experts now call for reforms in the country’s system to help its economic growth and the currency. Earlier this …
South Africa’s Rand Recovers from this Week’s Shock Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDCAD The pair has plummeted steeply in the previous sessions, and it still continues to trade in the red. It has broken below the 200-day and 50-day moving average and is on its way …
Daily Market Charts and Analysis December 05, 2019 Read More »
On Wednesday, payment processor ADP in cooperation with Moody’s analytics published information regarding the private-sector employment. According to an estimate, job growth failed to meet expectations. Problems connected with the job market will affect the U.S. economy. Economists expected that the U.S. labor market would add 150,000 jobs in November. The official information prepared by …
Japan’s Financial Services Agency (FSA) approved the application of another crypto exchange. As a result, the number of approved crypto exchanges increased from 20 to 21. Lastroots was the only remaining crypto exchange that was waiting for the decision. Last week FSA made the decision to approve this application. It is worth mentioning that by …
Qualcomm plans to appeal a South Korean court decision against a US$873 million fine against the multinational chip giant. The company continues to thrive under anti-trust violations around the world. The Korean Fair Trade Commissions imposed the penalty against the company in 2016 for abusing its market influence. Judge Noh Tae-ak rejected the appeal, saying …
Qualcomm’s Ongoing Anti-Trust Battles | Wibest Broker Read More »
On Wednesday, U.S. stocks benefited from a news report that said the U.S. and China are moving closer to sign the “Phase One” trade deal. This long-awaited agreement remains as one of the biggest challenges for the stock markets. As a result, major averages reversed a trend and achieved a positive result. The Dow Jones …
South Africa’s rand was struck hard by the distressing GDP report yesterday, sending it to the loosing against other currencies. But today is a different story for the rand as it tries to steady in sessions. The South African currency is regaining its composure and it is trying to recover some of its losses against …
The Rand Tries to Steady After Shocking GDP Report Read More »
Commodities jump higher this Wednesday, extending their gains against trade war tensions, the oil inventory report, and OPEC news. Petroleum and oil prices benefit from expectations for an extended deeper cut in tomorrow’s OPEC meeting. The WTI oil contract jumped 0.64% or 0.36 points in today’s trading sessions. WTI crude barrel prices leaped from its …
Petroleum and Oil Futures Extend Gains, Gold Also Jumps Read More »
The trade war between the U.S. and China started in 2018. However, it is far from being over. In October, the U.S. and China reached an agreement regarding the “Phase one” deal. However, the date when the leaders will sign this deal is unknown. Recently, Trump made a comment which affected the stock markets. Investors …
Trade disputes and their influence on the stock markets Read More »
The greenback fell lower against the Australian dollar yesterday after the Reserve Bank of Australia decided to hold rates. Apart from the Aussie’s strength, the is also under pressure from the unsettling factory PMI earlier this week. As projected, the monetary policy committee of the RBA decided to hold on to current rates at 0.75%. …
The Greenback Dives Against the Aussie After RBA Decision Read More »
On December 2, the Japanese holding company SoftBank published a press release regarding its new product, which relates to the digital currency market. According to the press-release, SoftBank released a digital currency payment card. This card can serve both fiat and digital assets. The first country which is going to benefit from this card is …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDCZK The pair has yet again used the 200-day moving average, reversing right on top of the average after using the 50-day moving average above as a resistance. Should the pattern continue, it could …
Daily Market Charts and Analysis December 04, 2019 Read More »
The Organization of the Petroleum Exporting Countries or OPEC is one of the most famous organizations in the world. Currently, it consists of 14 of the major oil-exporting countries. It is a permanent intergovernmental organization created by five founding members in 1960. Iran, Venezuela, Iraq, Kuwait, and Saudi Arabia are the countries that created OPEC …
On Tuesday, the Dow Jones Industrial Average declined by 280.23 points to 27,502.81. It is worth mentioning that the current decline is the biggest one-day point and percentage drop since October 8. During the morning trade, Dow Jones fell by nearly 458 points. The comment of U.S. President Donald Trump affected the stock markets. The …
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