On Monday, the U.S. government stated that it might impose tariffs on French products ranging from handbags to makeup. According to this announcement the U.S. is ready to impose duties up to 100% on $2.4 billion in imports from France. The U.S. concluded that France violated the rights of American companies. According to the U.S. …
There is not a single approach when it comes to cryptocurrencies. A number of central banks around the world are working to create their own Central Bank Digital Currency. It does not mean that all of them will issue national cryptocurrencies. The Bank of Russia, which is the central bank of the Russian Federation, is …
The greenback fights to recover some of its losses from yesterday’s weak manufacturing data. News from Trump’s new tariff announcement isn’t also making it better for the buck in today’s sessions. Yesterday, the United States Institute for Supply Management released the November factory PMI results. Traders were discouraged as the sector remains in contraction territories …
The Greenback Struggles to Recover from Weak Economic Data Read More »
XP Inc. expects to see the biggest initial public offering for a Brazilian Forex company on Nasdaq. The largest stockbroker in the country looks forward to about $1.5 billion to $2.1 billion raise. With a range of $22 and $25 per share, the broker plans to set its public price at its midpoint. This would …
Largest Brazilian Stockbroker, En Route to Record Breach Read More »
Oil petroleum prices hold their second consecutive gains as Saudi Arabia reinforces hope for deeper cuts. Riyadh wants to give a bright surprise for traders before listing its state-owned oil refinery, Saudi Aramco. WTI crude oil contract rallied 0.43% or 0.24 points this Tuesday’s trading. WTI crude barrels jumped from yesterday’s close of $55.98 to …
Oil Petroleum Holds Gains, Saudi Wants Deeper Cuts Read More »
The upbeat results from the Chinese manufacturing PMI report were not good enough to bolster the yuan in sessions. The yuan had a bad run yesterday against the greenback, aussie, and kiwi. The CNY CNH or yuan to yuan offshore exchange rate flatlined at -0.02% or 0.0002 points on Monday. The greenback was quick to …
Chinese Manufacturing Data Fails to Lift Yuan | Wibest Read More »
Last week, the German parliament approved an amendment to the fourth EU Money Laundering Directive. This news will have a serious impact on digital currencies in Germany. Thanks to this amendment, starting from January 2020, German banks will be able to sell and safe-keep cryptocurrencies. Another good news is that the previous version of the …
Yesterday was the first trading day of December. Chinese factory activity surprised the analysts and helped to improve the market sentiment. Stocks benefited from this news. On December 2, a private survey of Chinese factory activity surpassed market expectations. The Caixin/Markit manufacturing Purchasing Managers’ Index (PMI) reached 51.8 in November. Economists expected that the PMI …
Stocks: Chinese factory activity lifted the market sentiment Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDSEK Many traders are selling the pair in recent trading sessions, with price moving lower and toward the 200-day moving average. For this pair, the 50-day and 200-day moving average often act as solid …
Daily Market Charts and Analysis December 03, 2019 Read More »
The world economy is slowing down. However, this is not the only reason to worry about the future of the economy. Another problem is that the global economy depends on debt, which is a serious issue in the long run. A decade of easy money created many problems for the private as well as governmental …
Whether Black Friday was friendly to consumers or not, there is still a chance to catch up on 2019’s biggest discounts. Get an Amazon deal even after its Saturday surprise, along with more major retailers! Save up to $50 on Amazon tablets, $150 on bundles, and $90 on Eero Mesh. The Fire HD 8 Tablet …
The Chinese yuan dives this Monday after the People’s Bank of China (PBOC) decides to skip its repo rate cut earlier. Aside from that, the significant rebound in the country’s manufacturing activity wasn’t enough to bolster the currency in sessions. The PBOC said that there is still enough liquidity in the country’s banking system, so …
Chinese Yuan Plunges, No Repos and Factory PMI Bounces Read More »
Bitcoin, as well as other digital currencies, struggled to find their place in rich countries. It is not hard to understand why the cryptocurrency market is developing so slowly in many countries of the world. One of the biggest potential markets for various cryptocurrencies is Africa. Jack Dorsey, who is a CEO and co-founder of …
Twitter’s CEO and the cryptocurrency market in Africa Read More »
Today is the first trading day of December. The good news is that stocks in major Asian markets increased thanks to Chinese factory activity. On December 2, mainland Chinese stocks strengthened their positions. The Shanghai Composite gained 0.13% to around 2,875.81. Meanwhile, the Shenzhen component rose 0.24% to 9,605.19. Another Chinese index, which is the …
The positive outcome of the Chinese factory growth report accelerated the rally of oil and petroleum prices today. Experts did not expect growth in the manufacturing sector prior thus the surge in prices. Prices finally recovered after a steep fall, 5%, from the last day of November. Bulls took the opening to bounce back after …
Oil and Petroleum Prices Rally from Upbeat Chinese Data Read More »
WhoIs Best Broker is leading Forex and Economy news Website. We provide you with the latest news and videos straight from the Financial Industry..
