Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. EURGBP The pair appears to be gaining momentum to the upside now, with the euro trading in the green against the British pound and recovering from the two-month low it hit last week. Overall, …
Daily Market Charts and Analysis January 29, 2020 Read More »
On Tuesday, stocks experienced problems as coronavirus continues to affect the stocks around the world. South Korea’s Kospi index fell by 3.09% to close at 2,176.72. The situation was also difficult in Japan. The Nikkei 225 dropped 0.55% to close at 23,215.71. Another Japanese index Topix also declined on Tuesday. Its index fell 0.6% to …
The Influence of Coronavirus on the stocks in Asia Read More »
Grenadines-based broker Invest100, under Growth Capital LLC, secured registry of foreign exchange in Belarus. The move was after the Bank of Russia revoked forex licenses from several firms last year. Invest100 will undergo an assessment of their trading platform in the National Forex Center. NFC qualifies forex companies that have a capital of at least …
The investors rely on the U.S. Dollar and Japanese Yen as the safe-haven assets. The demand for these currencies is growing due to the China virus outbreak. As a result, the dollar, yen, and the Swiss franc increased on Monday, while the offshore yuan declined. The Chinese currency began its downfall after the coronavirus spread …
U.S. Dollar, Japanese Yen and Swiss Franc Continue to Grow Read More »
Singapore is one of the major financial hubs in the world. On Tuesday, the Monetary Authority of Singapore updated the regulatory framework connected with crypto regulations. Payment Services Act (PSA) 2019 was updated to cover all crypto businesses and exchanges based in Singapore. The purpose of this decision was to bring so-called Digital Payments Token …
Authorities in Singapore and Updated Crypto Regulations Read More »
Coronavirus outburst in China pushed commodity markets lower. The number of cases has grown and spread not only in China but across the globe, which is causing concerns of lower demand growth. Prices are not stable, as the death toll rises in China. Jia Zheng, a portfolio manager at hedge fund Shanghai Minghong Investment Management …
Commodity Prices Continue to Fall by Coronavirus Fears Read More »
The U.S. has the largest economy in the world. Current economic expansion is the longest one in modern U.S. history. Hopefully, the U.S. economy will continue to grow in 2020 as well. On Monday, the National Association for Business Economics (NABE) released a survey that supports this position. According to the respondents, America’s gross domestic …
Nat. Association for Business Economics and U.S. Economy Read More »
As Alphabet faces antitrust cases for anticompetitive conduct, the biggest tech companies band together to debate for global regulation. These companies would rather restrict their services than to continue facing probes like such. All of them have their fair share of backlash over privacy and encryption, artificial intelligence, and content monitoring. Participating executives from last …
Amid Antitrust Concerns, Tech Giants Dem Regulation Read More »
The forex market is unique in many ways. For example, it doesn’t have a central regulator that is controlling all trades. It won’t be an -exaggeration to say that this market is not under the control of central power. The situation is different when it comes to stock markets. Markets have central exchanges that fulfill …
The situation regarding the virus outbreak in China caused serious problems for the U.S. stock futures. This virus continues to spread around the world. Four people in Japan were diagnosed with this coronavirus. In this situation, it is not surprising that investors are looking for other options such as gold. On Monday, the price of …
Stock Futures struggled due to concerns about Coronavirus Read More »
The European currencies remained mostly stable as the traders were awaiting the results of two central bank meetings. They were also looking out for the release of economic data. Meanwhile, the dollar moved slightly against a basket of six major currencies at 97.881. The pound changed a little at $1.3060 on the dollar, and 84.46 …
Euro, Sterling, and Dollar Remain Stable as Yuan Struggles Read More »
People living in the U.S. are familiar with the Internal Revenue Service (IRS) and its functions. The 2019 tax season started on January 27. Consequently, taxpayers will have to provide information about their assets including cryptocurrencies. Nevertheless, a person should be careful when it comes to reporting crypto transactions. The IRS treats virtual currency as …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDRUB The pair has gained further momentum to the upside in recent trading sessions, going farther above the 50-day moving average and effectively reversing the downtrend seen by the end of last year. According …
Daily Market Charts and Analysis January 28, 2020 Read More »
U.S. stock futures declined Monday due to the problems connected with coronavirus. The Dow Jones Industrial Average declined by as much as 500 points. Meanwhile, The S&P 500 futures fell 1.6%. Moreover, the Nasdaq Composite futures declined by about 2.1%. The concerns continue to grow over the spread of a deadly coronavirus. Eighty people died …
Coronavirus fears keep hammering the prices. Oil prices went down, with the benchmark US crude falling from $54.16 to $52.48 since the last week. From early October, the market hasn’t experienced such a breakdown in the price. The spread of a fatal virus in China raised investors’ worries about the global economy. Fears start growing …
Oil prices have dropped again Due to Epidemic Fears Read More »
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