On Thursday, mainland Chinese stocks benefited from the decision of the People’s Bank of China. The country’s central bank decided to cut its loan prime rate (LPR). China is struggling to deal with the economic impact of a coronavirus outbreak. The Shanghai Composite rose 1.84% to around 3,030.15. At the same time, the Shenzhen composite …
Two days ago, the crypto custodian BitGo made an important announcement. According to this announcement, BitGo bought Harbor, a security token platform. The deal also includes the subsidiaries of Harbor. One of the subsidiaries is a broker-dealer regulated by the Financial Industry Regulatory Authority. Another one is a transfer agent supervised by the Securities and …
U.S. economy continues to grow for more than ten years. Moreover, current economic expansion is the longest in U.S. history. Moreover, the U.S. has the largest economy in the world. In this situation, some people may think that labor strikes are all but nonexistent. However, this is not the case. In 2019 forty-six thousand General …
During the first ten months of the current Iranian calendar year, the value of Iran’s exports to the EAEU climbed 72 %, compared to the same period in the past year. Since the implementation of the free trade agreement (FTA) between Iran and EAEU, the two sides demonstrated significant growth. Last year, Rouhollah Latifi, Spokesman …
The Japanese Yen traded at 111.27 per dollar in Asia on Thursday. It dropped to its lowest record since May 2019. Moreover, the currency fell by 1.3% on Wednesday before trading near a nine-month low against the U.S. dollar. China’s aggressive steps to offset the economic impact of the coronavirus epidemy caused such a downfall. …
The Japanese Yen drops as the safe-haven demand subsides Read More »
European broker RoboMarkets just launched more than 500 contracts for differences (CFDs) on its European stocks on its R Trader platform. R Trader is the firm’s multi-trading platform that now offers stocks from 11 European countries that weren’t available beforehand. The countries involved are Denmark, Ireland, Spain, Belgium, Norway, Portugal, the Netherlands, France, Finland, and …
Chip giant Qualcomm announced its third 5G modem shortly after the first two. Snapdragon X60 promises to improve speed, battery life, and overall performance of its already powerful 5G network. Compared to its previous versions, the new modem doesn’t have many dramatic changes in store. The X60 is designed to combine and leverage existing 5G …
Qualcomm Promises Significant, Subtle Changes in 5G Network Read More »
The Australian dollar and the New Zealand dollar fell by roughly 5% against the dollar. Such a downfall was caused by their close exposure to China, which is their main trading partner. The country is trying to resume working, but so far, the coronavirus’s impact on it very strong, causing the near paralysis of its …
Aussie and New Zealand dollar fell against the U.S. dollar Read More »
In the modern world, even a minor issue could affect the stocks and unfortunately, ongoing coronavirus outbreak is not a small problem. Chinese officials are working hard to stabilize the situation. On Tuesday, Moody’s Investors Service lowered the growth forecast for China from 5.8% to 5.2%. Two days ago, state media reported that more than …
Canaan Creative is the second-largest Bitcoin mining hardware manufacturer in the world. This company from China is producing specialized mining hardware, including ASIC. As a reminder, AISIC refers to hardware that uses Application-Specific Integrated chips. Canaan’s sphere of interest also includes AI chip development. Based on the information provided by Canaan Creative, it produced more …
Second-Largest Bitcoin Producer and Strategic Partnership Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. GBPAUD The British pound traded in the red previously, but prices still lie above the 50-day moving average. The Australian dollar is currently facing intense pressure by the increasing Australian unemployment and ongoing uncertainty …
Daily Market Charts and Analysis February 20, 2020 Read More »
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