On Tuesday, European stocks experienced problems after Apple warned that the coronavirus outbreak might affect its revenue forecasts. The fears over the potential economic impact continue to affect the markets. The German DAX index declined 0.58% or 80.49 points to 13704.45. Meanwhile, the U.K.’s FTSE 100 index fell 0.70% or 52.03% to 7381.22. Moreover, the …
The Euro plummeted down against the U.S dollar on Tuesday, reaching its three-year low. Such a downfall was due to weak manufacturing and gross domestic product data from Germany. It seems that the eurozone is more vulnerable to external shocks than analysts claimed. Junichi Ishikawa, the senior foreign-exchange strategist at IG Securities in Tokyo, stated …
The Euro fell with the Sterling; Asian currencies crumble Read More »
Have you ever wondered how to begin trading, but have no clue where to start? Does it seem like a task that is too intimidating to even begin considering? Well, we are here to tell you that there is a relatively simple process with which you may begin your journey in trading: trading in CFDs! …
British gas will be changing its decision to increase extra payment for prepaid customers. The top-up accounted for £1 to £5. It caused a strong adverse reaction from customers. Traders say that trading is quiet because it’s a half-term break. Therefore, a lot of people are out. They suppose the liquidity to remain reduced this …
The South Korean technology giant Samsung may become of the biggest drivers of Bitcoin and crypto adoption. The world-famous company is willing to develop the crypto industry. Moreover, it has the capacity to play an important role when it comes to crypto adoption. Several days ago, Samsung unveiled its latest Galaxy smartphones S20, S20+, and …
Samsung May Become One of the Biggest Drivers of Bitcoin Read More »
U.S. carmaker General Motors made the decision to discontinue the iconic Holden brand. On Sunday, the Detroit automaker announced that it would gradually close its sales, design and engineering operation Australia and New Zealand. Moreover, it will discontinue its Holden brand by 2021. Interestingly, the Holden brand dates back to the 19th century. Moreover, General …
The Japanese yen dropped against the dollar due to the release of new data. It stated that the Japanese economy lowered by 6.3% in the fourth quarter. Analysts expected a 3.7% drop, but not so much as the data showed. It seems the yen’s recent rallies as a safe-haven asset weren’t enough to boost the …
Japanese yen fell against the U.S. dollar. What about euro? Read More »
For the third consecutive year, Australian forex broker AETOS Capital Group announced a renewal on its partnership with Sydney FC. The agreement allows the broker to remain as the football club’s Principal Partner. The broker’s logo will be on the club’s home and away kits during the FC Champions League 2020 tournament. The first match …
People recognize places based on their geopolitical opinions, and Google Maps found a way to provide it. The search giant recently upgraded its software to display political borders differently, depending on where a viewer is. While India and Pakistan battle for Kashmir, Indians view it as part of India. Outside the country’s borders, the region …
Ongoing coronavirus outbreak caused many problems for the second-largest economy in the world. The virus outbreak continues to affect the stock markets. Chinese authorities are trying to stabilize the situation. The country is planning targeted tax cuts. Furthermore, the Ministry of Finance made the decision to spend 8 billion yuan. The government will allocate the …
At first glance, it is hard to connect mining companies with the crypto industry. However, that’s exactly what happened in the Russian Federation. Moreover, the Central Bank of Russia (CBR) is also involved in this project. Nornickel is one of the largest mining companies in the world. Last year, the company developed the platform to …
Russia’s Central Bank, Mining Company and Crypto Industry Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. AUDCAD The pair still treads the lower portion of the daily charts, with the Canadian dollar still dominating its Australian counterpart. Both the 200-day and 50-day moving average are going down, indicating the prevailing …
Daily Market Charts and Analysis February 18, 2020 Read More »
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