The spot gold price operated on a positive note this Tuesday and advanced more than 0.4% to $ 1706. The price was driven by the uncertainty generated by the first attempts to ease confinement measures in various economies, as well as inflation figures in the United States. The indecision in the price of the XAU/USD …
Gold rises amid concerns of a second wave from Coronavirus Read More »
The mainland Chinese stocks saw gains while the Japanese stocks fell on Wednesday. Importantly, stocks in the Asia Pacific were little changed due to the issues connected with the coronavirus pandemic. It makes sense as caution remained over a recent resurgence in coronavirus cases in certain countries in the region. As stated above, mainland Chinese …
Stocks, New Cases of Coronavirus and Regional Factors Read More »
The dollar was subdued against other currencies on Wednesday as traders awaited Federal Reserve Chairman Jerome Powell’s speech. They speculated that the United States could one day adopt negative interest rates. The U.S. currency traded at 107.21 yen in Asian trade. So far, it changed insignificantly after slipping from Tuesday’s peak of 107.76, its highest …
U.S. dollar weakens while traders await Powell’s speech Read More »
Telegram is one of the biggest messaging apps in the world founded by Pavel Durov. Moreover, he is the CEO of Telegram. Recently, Durov used Telegram to make an important announcement. According to his Telegram Channel after the two and a half year blockchain and the crypto project does not exist anymore. It means that …
Telegram Decided to Close its Cryptocurrency Project Read More »
The latest educational tech comes in the form of a seven-pound robot designed by Fuseproject, Moxie. Moxie looks like something ripped out of a Pixar movie. It is an adorable educational robot, designed for teaching kids at home. But it’s expensive, at $1,500, and requires a $60 monthly subscription after the first year. With input …
The world’s largest economy has to cope with numerous problems connected with the coronavirus pandemic. Moreover, the ongoing situation is a serious threat to the future of the economy. Millions of people lost their jobs and many companies are struggling to stay afloat despite all issues. For example, global air travel fell by 90% and …
The U.S. Budget Deficit Reached $738 Billion in April Read More »
The euro fell slightly on Monday. It lowered by 0.1% versus the dollar at $1.0832 after falling in early London trading. As the countries are lifting lockdowns worldwide, traders moved from the safe-haven currencies. Therefore, the Swiss franc declined by around 0.1% at 1.05295 versus the euro. The New Zealand dollar also dropped by 0.2%. …
Euro sank on Monday. How about the safe-haven Swiss franc? Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDZAR Thanks to the adjustment in South Africa’s lockdown, which allowed some industries to continue operating, the US dollar to South African exchange rate eases. The move allows the rand to keep the greenback …
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