Precious metals have been watching the state of the US COVID-19 fiscal stimulus and support package on the final trading day of the holiday-shortened week. As presently, it is a game of wait-and-see. February gold futures climbed 0.24%, or $4.50, to $1,882.60 per ounce at 17:38 GMT on Thursday on the New York Mercantile Exchange’s …
The pound neared two and a half year high On December 25, the British sterling hovered below a two and a half year high, after the United Kingdom and the European Union struck a narrow Brexit trade deal. Furthermore, overall sentiment in currency markets was strengthened by a postponed U.S. coronavirus economic relief package. As …
Global money transfer service MoneyGram made an important statement. The company clarified the nature of its collaboration with its blockchain partner Ripple following Ripple’s recent probe by the U.S. Securities and Exchange Commission (SEC). According to the money transfer giant, it has never used Ripple’s counterparty services, namely On-Demand Liquidity (ODL) as well as RippleNet, …
Global Money Transfer Service MoneyGram and Ripple Read More »
It was a tough day for Chinese tech giant Alibaba. However, before discussing the shares of Alibaba, let’s have a look at the stocks in Asia-Pacific. Importantly, stocks in Asia-Pacific were mostly higher on Thursday, with markets in Australia, Hong Kong, Singapore closing early for Christmas Eve. It is worth mentioning that, South …
Shares of Alibaba Fell 8.13% in Hong Kong on December 24 Read More »
After boosting for three straight sessions, the U.S. dollar declined on December 23, as risk appetite increased on the expectation of an imminent Brexit trade deal between the United Kingdon and the European Union. The British pound and the euro took off versus the U.S. dollar after the Brexit headlines, as did risk-sensitive currencies such …
The U.S. dollar declined by 0.1%, euro rose 0.2% Read More »
Energy prices also surged on news that the United Kingdom and the European Union struck a trade deal just days before the Brexit deadline. Supply disorders in Nigeria and France reestablishing its border to England between worries over a new strain of the COVID-19 added to higher crude prices. February West Texas Intermediate (WTI) crude …
Google continues to expand its services and products around the world. The tech giant will open a “cloud region” to provide its cloud services in Saudi Arabia via a joint venture with state-owned oil producer Saudi Aramco. According to the agreement, Google will deliver high performance, low-latency cloud services to enterprise customers in Saudi Arabia. …
China has the second-largest economy in the world and this fact underlines the importance of its economy. The coronavirus, which originated in the Chinese city of Wuhan, created a lot of problems around the world. Hopefully, the country’s government worked hard to limit the spread of the virus. Interestingly, China is extending support for the …
On December 23, the euro increased to $1.22, and the greenback declined as foreign exchange traders looked beyond U.S. President Donald Trump’s threat to block an $892 billion coronavirus aid package. However, foreign exchange markets were little changed, with the greenback falling and currencies deemed riskier, such as the Australian dollar, making substantial gains. Significantly, …
The euro and pound increased, the dollar fell by 0.1% Read More »
Two days ago, U.S. lawmakers approved the new Covid-19 relief bill. However, this decision failed to impress U.S. President Donald Trump. Importantly, stocks in Asia-Pacific saw gains on Wednesday following new remarks from U.S. President regarding the new Covid-19 rescue package. It is worth noting that, mainland Chinese stocks strengthened their positions on Wednesday. …
KFC is one of the most famous fast-food chains in the world with more than 22,000 locations around the world. However, this time the famous restaurant chain launched a new Intel-powered games console that comes with a built-in “chicken chamber” to keep snacks warm. It is worth mentioning that, the KFConsole is part of the …
The U.S. Securities and Exchange Commission (SEC) filed an action against Ripple, its former CEO and founder Christian Larsen, as well as its current CEO Bradley Garlinghouse. According to information provided by SEC, they raised more than $1.3 billion through an unregistered securities offering. Importantly, the suit claims that Ripple violated securities laws by …
U.S. Securities and Exchange Commission vs. Ripple Read More »
This year was full of challenges, even for the biggest economies in the world. Hopefully, the U.S. economy grew at a record pace in the third quarter, fueled by more than $3 trillion in pandemic relief. However, the situation remains quite complicated, as it appears to have lost momentum as the year comes to an …
U.S. Economy Grew by More than 33% in the Third Quarter Read More »
With hundreds of thousands of users worldwide, the MT4 trading platform is the most popular among traders. And there are important reasons behind that. Having your MetaTrader 4 set up properly is crucial if you intend to be a consistently profitable trader. If you are curious about how to do that you’ve come to the …
MetaTrader4 Tutorial: Tips And Tricks To Get You Started Read More »
Crop prices took another shot in the arm when the US government announced domestic inventories contracted amid expanding demand. How quickly could the agricultural commodity test $13? January soybean futures climbed $0.04, or 0.32%, to $12.515 per bushel at 17:52 GMT on Tuesday on the New York Mercantile Exchange. Soybean prices are on course for …
Soybeans Surpassed A Six-Year High On Strong Chinese Demand Read More »
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