On Wednesday, Asian markets recovered despite the problems connected with coronavirus. Investors are closely monitoring the situation as they would like to learn more about the ongoing situation. Hong Kong’s Hang Seng index added 0.47% in the afternoon. However, mainland Chinese stocks were unable to strengthen their positions, as stocks erased gains to decline by …
Mainland Chinese Stocks Fell by the end of Trading Read More »
The major currencies continue to downfall. The U.S. dollar is only one so far, which managed to stay steady. During the last week, currencies fell sharply, mostly due to the coronavirus outbreak and its influence on the global economy. But there was also Brexit, new data from Germany and Japan, both of them showing an …
U.S. Dollar Rallies While the Other Currencies Tumble Down Read More »
The world’s second-largest Bitcoin mining hardware manufacturer Canaan Creative joined forces with the blockchain infrastructure firm Northern Data AG. The purpose of this agreement is to combine their technological and operational achievements. This way crypto mining company and Norther Data AG will optimize their operations. For example, the two companies will cooperate on artificial intelligence …
South America’s second-largest country is on the cusp of another devastating default according to analysts. Meanwhile, international investors are closely monitoring the situation, as they would like to know how Argentina’s government would handle these problems. It is important to mention that Argentina needs to restructure $100 billion in debt. Out of $100 billion, the …
Argentina’s Debt Crisis and the International Monetary Fund Read More »
The cost of rice in Iran is going to see upward movements. The rise in the trade cost of the product is caused by the delay in the customs clearance process. Until the product reaches clearance, the price of each delayed day is equal to 1%. The higher the cost of customs, the higher the …
Rice Prices Up in Iran – Delay in Customs Clearance Process Read More »
Life imitates art – Jetman Dubai showed pilot Vince Reffet in a carbon-fiber suit to fly 6,000 feet above ground. In the company’s recent YouTube video, the Emirati Tony Stark reached 1000 meters in height in thirty seconds. A video showed Reffet flying south toward Jumeirah Beach Residence in Dubai at an average speed of …
Ongoing coronavirus outbreak created many questions about the future of China’s economy. Moreover, the virus outbreak could undermine the global economy as factories of many international companies are in China. On Monday, tech giant Apple issued a warning that had a negative impact on the stocks across Europe. The German DAX index declined 0.58% or …
Apple’s Announcement Affected the Stocks Across Europe Read More »
The Japanese Yen increased steadily over the last weeks, due to its safe-haven status. But after the new data showed the Japanese economy’s decline, the yen fell. It managed to hold steady in a narrow range at 109.74 per dollar but may lower further in the coming days. The Australian dollar fell 0.39% to $0.6690 …
Yen and Aussie Collapse, Sterling and Euro also Down Read More »
Cryptocurrencies such as Bitcoin, Ethereum, and others gradually became part of the modern world. Crypto-related companies, as well as companies not directly linked to the crypto industry, have the opportunity to earn money thanks to this industry. However, crypto adoption is not an easy task, and international companies should work harder to speed up the …
South Korean Technology Giant and Cryptocurrencies Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. GBPCHF The recently slumped and is now recovering, holding just above the 50-day moving average, which currently serves as a support line for the price. Previously, the pair pulled off a rally from the …
Daily Market Charts and Analysis February 19, 2020 Read More »
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