The Chinese Yuan hit a two-week high on Thursday. The currency skyrocketed to a two-week high of 7.0534 per dollar in the onshore market. Its rally was caused by new data showing factory activity in China had expanded for a second month straight in April. It seems the world’s second-largest economy is starting to recover …
Asian currencies surged forward. How about U.S. Dollar? Read More »
Stocks across the Asia Pacific strengthened their positions on the last day of April, thanks to the news connected with coronavirus treatment. Mainland Chinese stocks saw gains on Thursday. The Shanghai Composite added 1.33% to about 2,860.08. At the same time, the Shenzhen composite gained 1.88% to around 1,763.36. Also, Japanese stocks saw robust gains …
Stocks, Manufacturing Data and Coronavirus Treatment Read More »
On Wednesday, bitFlyer Europe released the results of its second annual Crypto-Confidence Index poll. This poll shows that people across Europe that cryptocurrencies will continue to exist in 10 years’ time. Interestingly, bitFlyer Europe conducted this survey by using Google Surveys. Moreover, 10,000 respondents from 10 European countries took part in this survey. According to …
Crypto-Confidence Index Poll and European Countries Read More »
The International Energy Agency (IEA) released its new report. According to this report, the agency expects global energy demand to fall this in 2020. Moreover, the Paris-based agency expects the biggest drop since World War Two. Billions of people more precisely 4.2 billion people around the globe are subjected to some form of lockdown due …
International Energy Agency and Dwindling Demand Read More »
Facebook is booming, owing to the worldwide shelter-in-place and quarantine orders due to COVID-19. The pandemic has made everyone turn to social networks and stare at screens far more than average. The company reported its first-quarter earnings for 2020 on Wednesday. A record number of people are using its services, primarily its Messenger, WhatsApp chat …
Facebook’s Boom Amid COVID-19 Crisis May be Temporary Read More »
The benchmark barrel price in the United States rose more than 26% this Wednesday. The day after it collapsed after a major US oil fund sold short-term black gold contracts. WTI gained 29% to $16 a barrel in e-commerce. It fell more than 21% on Tuesday after the US fund United States Oil Fund (USO) …
US oil rose while European stocks register slight gains Read More »
The Australian dollar soared against the U.S. dollar on Wednesday, rising by 0.4% at $0.65200. It seems oil-linked currencies are gaining once more. JFD Group’s senior market analyst, Charalambos Pissouros, noted that the weakening of the greenback, as well as the strengthening of the commodity-linked currencies, suggests that risk appetite may have stayed supported for …
Aussie rose against the greenback. What about the Euro? Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. CADJPY After bears failed to break past the support areas of the pair, bulls are expected to take advantage and force the pair to climb back to its resistance in the coming sessions. Looking …
Boeing, as well as Airbus, are the most famous airplane manufacturers in the world. However, even for such giant companies, the coronavirus pandemic created a lot of problems. Both of them are struggling to cope with the ongoing crisis as travel demand all but disappeared over the last several months. Moreover, the coronavirus crisis is …
Boeing Plans to reduce the Workforce by About 10% Read More »
In the modern world, there is no shortage of smartphones. Moreover, smartphones became an integral part of everyday life. People can choose from phones produced by Apple, Samsung, HTC, Xiaomi, etc. It is worth mentioning that, users have the possibility to use a smartphone for crypto mining as in the case of HTC Exodus blockchain …
CONSOB the Italian securities regulator, blacklisted a new list of FX and crypto-focused brands today. Actions on these unauthorized actors in the market came as offshore brokers continued to chase online trading businesses in Italy. This includes within the grey area of the country’s cryptocurrency sector. The following websites belong to entities that do not …
The dollar dropped by 0.2% to 99.73 against the basket of currencies on Wednesday. It almost reached two-week lows against its rivals while the high-yielding currencies soared as the governments are partially lifting coronavirus lockdowns. Currency markets have been in wait-and-watch mode lately as traders lookout for the results of a U.S. Federal Reserve meeting …
U.S. dollar fell sharply; How about oil-linked currencies? Read More »
Boeing was the largest airplane manufacturer in the world before it lost this status even before the coronavirus pandemic. Moreover, the best-selling plane narrow-body Boeing 737 Max created a lot of problems for Boeing. Importantly, Boeing 737 Max remains on the ground for more than a year. Also, nobody knows for sure when this model …
Boeing Lost Millions of Dollars in the First Quarter of 2020 Read More »
Crypto mining is a profitable business. Companies are willing to invest millions of dollars into crypto miners. It is possible to use a smartphone for crypto mining. However, the question is how long it will take to make money by using a smartphone for mining. Interestingly, HTC’s Exodus blockchain smartphones will soon receive their mining …
Gold is trading lower on Tuesday after investors have decided to ignore the poor economic performance during the day. They have opted for optimism before reopening several regional economies around the world. Besides, the metal is awaiting events starting tomorrow with the arrival of the central banks of the United States and the eurozone. Within …
Gold struggles to keep 1,700 due to optimism in the market Read More »
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