The Norwegian government has sharply lowered its forecast for crude oil prices and expects the cash flow from its oil and gas industry to decline sharply due to falling global demand. Norway is the largest producer of oil and gas in Western Europe, accounting for 40 percent of exports and about one-fifth of the government’s …
Norwegian oil revenues fall as oil prices decline Read More »
The U.S. dollar is surging towards a three-week high. This is occurring as stock markets weakened after Fed Chairman Jerome Powell spoke against negative interest rates. The currency climbed up by 0.2% to 100.37 against a basket of its rivals. It stood below a three-week high of 100.44 at last. European stock markets fell …
U.S. dollar hit high after Powell’s speech on Thursday Read More »
On Thursday, Australia’s Bureau of Statistics released the data that underlined the state of the local economy. According to the bureau, seasonally adjusted employment in April fell by 594,300 people compared to March. This information had a negative impact on the stocks across the Asia Pacific. Australia’s S&P/ASX 200 fell 1.72% to close at 5,328.70. …
The crypto industry has the potential to support the economy of India. Moreover, cryptocurrencies such as Bitcoin, Ethereum, and others may help to solve at least some of the problems connected with fiat currencies. Also, the cryptocurrency custodian BitGo will provide its services to Indian exchange CoinDCX. Thanks to this decision, BitGo will offer secure …
U.S. Cryptocurrency Custodian BitGo and Exchange CoinDCX Read More »
On Wednesday, Mexican President Andres Manuel Lopez Obrador unveiled a plan to reopen the country’s economy. He plans to reopen the economy by June 1 as part of “new normality”. The authorities imposed restrictions to limit the spread of the coronavirus pandemic. According to Lopez Obrador, the reopening of economic as well as social and …
Mexican President Plans to Reopen the Economy by June 1 Read More »
With the stock market as the biggest trend in the coronavirus economy, online investment firm eToro announced 13 million users. The platform saw the surge during the first four months of 2020. When measuring against the same period against the previous year, the firm saw its new users increase by 427 percent. Furthermore, these new …
eToro Sees Another Coronavirus Surge in Trading Volumes Read More »
The risk-sensitive currencies, the Australian and New Zealand dollars among them, weakened on Wednesday, as the possibility of new coronavirus outbreaks dampened investors’ optimism. The Aussie stood at $0.6476 at last notice, after hitting Monday’s one-week high of $0.6562. Meanwhile, the New Zealand dollar dropped down by 0.6% to $0.6036. On the other hand, the …
Risk-sensitive currencies fell. What about the U.S. dollar? Read More »
The coronavirus pandemic created a lot of problems for the stability of the global economy. Moreover, the pandemic is not over as can be seen from a recent resurgence in coronavirus cases in certain countries in the region. It is not surprising that the information related to the coronavirus pandemic continues to affect investor sentiment. …
Coronavirus Crisis and its Impact on the Investor Sentiment Read More »
The process of crypto adoption is full of challenges and the Telegram’s cryptocurrency project is not an exception. Unfortunately, after years of drama with the Securities and Exchange Commission (SEC) decided to close this project. As a reminder, in 2019 the SEC ordered Telegram to halt sales of its cryptocurrency Gram, as it failed to …
District Court and Telegram’s Cryptocurrency Gram Read More »
The king of high-end sim racing equipment just announced a special-edition ring. The Fanatec ClubSport Steering Wheel F1 2020 has forged carbon fiber, which is a distinctive element of a typical Lamborghini. Fans can find the material in the 5mm-thick front plate in the core of the wheel. It’s also found on the magnetic paddles, …
The Fanatec ClubSport Steering Wheel F1 2020 is Almost Here Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDCZK The USDCZK exchange rate is on track to get back up to its resistance despite the better than expected results from the Czech Republic’s economy. The main weakness of the Czech koruna is …
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