The Japanese yen hit a seven-week high against the U.S. dollar and a three-year peak against the Euro on Wednesday. Investors are concerned due to the court decision challenging German participation in Europe’s stimulus program. And the forecasts about the global recovery aren’t very hopeful either. Germany’s highest court gave the European Central Bank three …
Japanese Yen skyrocketed against the U.S. dollar and Euro Read More »
The Crypto industry is developing despite the coronavirus pandemic as crypto companies continue to expand their services. However, there are certain challenges as well. One of them is connected with regulations. For example, the Netherlands’ central bank is moving to quickly enforce Dutch anti-money laundering (AML) laws, approved by the parliament in April. As a …
Netherlands’ Central Bank Gave Crypto Companies Two Weeks Read More »
Stocks across Asia saw gains on May 6. Also, oil prices regained some of their overnight gains. Let’s have a look at the markets and how they performed on Wednesday. Interestingly, South Korea’s Kospi index added 1.76% to close at 1,928.76 as shares of automaker Hyundai Motor gained 1.86%. Another South Korean index Kosdaq also …
Asian Markets, Oil Prices, and Australia’s Retail Sales Read More »
Iron ore futures opened higher today in daytime trading on the Dalian Commodity Exchange (DCE). The most active iron ore contract for September 2020 delivery increased by 8 yuan (approximately $1.13) to open at 615 yuan per tonne. Throughout the coronavirus crisis, iron ore has been holding comfortably above US$80 a tonne. The commodity delivered …
The U.S. services sector contracted for the first time in about a decade in April 2020. The coronavirus pandemic caused a lot of problems for the U.S. economy. The Institute for Supply Management released its manufacturing index, which highlights the impact of the coronavirus on the economy. According to the ISM manufacturing index fell to …
U.S. Services Sector Declined for the First Time since 2009 Read More »
The update is now out for the beta version of Slack on Android. Slack’s mobile apps have always tried to replicate the desktop and web experience with a single home screen. This includes a reliance on swipe-based navigation and cumbersome menus. But now, the company is rolling out a new update on its Android beta …
Slack Tests its New Android Beta App | Wibest Broker Read More »
Oil linked currencies gained on Tuesday as the oil prices surged forward. The Australian dollar rose by more than 64 cents to $0.6454. The Reserve Bank of Australia left three-year government bond yields and its targets for the cash rate unchanged at 0.25%, further boosting the Aussie. The Norwegian crown soared as well, along with …
Oil-linked currencies rose on Tuesday. How did Yuan fare? Read More »
Once-thriving aviation industry came to a standstill due to the coronavirus pandemic. Moreover, many airlines cloud stop to exist with financial aid. Governments around the world are ready to support the aviation industry. Moreover, people should not forget that the aviation industry is cash-intensive and has a narrow economic moat. Also, the pandemic had a …
Stocks: Buffett is no Longer Investing in Aviation Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. GBPNZD The kiwi has forced its matchup against the pound sterling to steady thanks to the support from the positive results from New Zealand’s economy reported yesterday. Bearish investors are projected to force the …
It is not a secret that Bitcoin is the biggest and the oldest cryptocurrency on the market. Recently, the survey conducted by crypto services firm RockX once more highlighted the importance of Bitcoin. Let’s have a look at the results of this survey. Notably, more than 57% of respondents believe that Bitcoin’s hashrate won’t change …
Biggest Cryptocurrency Bitcoin and Crypto Firm RockX Read More »
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