On May 15, stocks in Asia were little changed as the data connected with China’s industrial profits affected the markets. Interestingly, industrial profits surpassed expectations. Let’s have a look at the Chinese stocks. Importantly, mainland Chinese stocks were mixed on Friday. The Shanghai Composite slightly declined to around 2,868.46. At the same time, the Shenzhen …
The U.S. dollar dropped from a three-week high on Friday. However, it still ended the week with a modest gain, since rising tensions between the U.S. and China and reports about the second wave of coronavirus infections worried investors. The greenback gained 0.5% against a basket of currencies during this week. It seems the U.S. …
The U.S. dollar declined. What about Japanese Yen and Euro? Read More »
The cryptocurrency and blockchain sectors continue to develop as more and more people are willing to embrace cryptocurrencies. However, some people may think that the cryptocurrency industry is dominated by males. However, according to the report prepared by CoinMarketCap, the number of women in this industry rose in the first quarter of 2020. Moreover, in …
The Number of Women in the Cryptocurrency Industry Read More »
The Reserve Bank of India increased its gold reserves by 7% during the last fiscal year. This is in comparison to the figures recorded in the previous period. Between April 2019 and March 2020, the entity added 40.45 tons of gold to its reserves. This was a total raise of 653.01 tons. The number places …
India increased its gold reserves by 7% in 2019-2020 Read More »
The coronavirus pandemic created numerous problems for the U.S. economy. The White House and lawmakers reached an agreement regarding the historic stimulus deal. Moreover, most eligible Americans already received their check, called economic impact payments. However, House Democrats are proposing a second of stimulus checks. It makes sense as 37 million Americans lost their jobs. …
Democrats Want Second Round of Coronavirus Stimulus Checks Read More »
The pound collapsed below $1.22 for the first time in more than five weeks on Thursday. According to Wednesday’s data, Britain’s economy fell by a record of 5.8% in March due to coronavirus. Negative tidings caused the sterling’s decline. The eurozone’s reports on first-quarter GDP data is due on Friday. Traders are awaiting it for …
The British Pound fell on Thursday. What about the Aussie? Read More »
Shares of Chinese tech giant Tencent listed on the Hong Kong Stock Exchange fell on May 14 even though the firm’s first-earnings surpassed expectations. Interestingly, the stock earlier reached more than two year high. Notably, online games revenue grew 31% year-on-year to 37.3 billion yuan. Also, the total smartphone game revenue reached 34.7 billion yuan …
Tencent’s First-Quarter Earnings Surpassed Expectations Read More »
Based on the video game giant’s game, Assassin’s Creed, Ubisoft is offering free downloads to give players a tour of its terrain. Fans can roam recreations of ancient Greece and Egypt in Assassin’s Creed Origins and Assassin’s Creed Odyssey until May 21. The tours are called Discovery Tour in separate games featuring their destinations. This …
Crypto companies continue to expand their services to attract new customers. Hopefully, Indian exchange CoinDCX is not an exception. Moreover, crypto owners should take into account that all cryptocurrencies on CoinDCX will be secured in omnibus and segregated hot and cold wallets with two-factor authentication for all accounts. Furthermore, a fraction of funds traded on …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDCAD The US dollar to Canadian dollar exchange rate is back on bearish tracks this Friday. The Canadian dollar continues to outperform most of its currency pairs in the forex market including the also …
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