The U.K. has one of the largest economies in the world. This fact once more underlines the importance of the local economy. However, there are certain challenges as well. For example, the trade agreement between the U.K. and the European Union (EU). Another issue is the coronavirus pandemic and its impact on the economy. The …
Hyliion is an electric truck company founded in 2015. Interestingly, this company makes hybrid and fully electric powertrain solutions for Class 8 Commercial vehicles. For example, thanks to a hybrid solution, it is possible to increase the range as well as the efficiency of the trucks that have diesel engines. This is not the end …
Tortoise Acquisition Corp. Hyliion and Electric-Truck Stock Read More »
Ukraine is a former Soviet republic, that gained independence in 1991. This country located in Eastern Europe is a global leader in crypto adoption based on the information taken from the Global Crypto Adoption Index 2020. Let’s have a look at this index to learn more about top-performing nations. Interestingly, the second place belongs to …
Trade tensions between the U.S. and China started a long time ago, but it is hard to determine for how long tensions would continue to dominate the headlines. An annual business sentiment survey conducted by the American Chamber Commerce in Shanghai and consultancy PwC China contains many interesting details. According to a business sentiment survey, …
How Bilateral Tensions Affected U.S. Companies in China Read More »
The Canadian dollar plummeted down to a three-week low on Wednesday. However, it steadied in Asia later as traders awaited a Bank of Canada policy decision. The Norwegian krone also declined, hitting a more than the six-week low of 9.1840 per dollar. The oil price plunged overnight and dragged down oil exporters’ currencies with …
Why did Canadian dollar and Norwegian krone fall? Read More »
It was an interesting day as stocks in the Asia Pacific fell on Wednesday. However, European stocks saw gains on the day. Let’s have a look at the stocks across the world. For example, mainland Chinese stocks saw losses on the day. The Shanghai Composite fell 1.86% to about 3’254.63. Also, the Shenzhen Component dropped …
Stocks in Europe, Asia, and Other Parts of the World Read More »
The Euro climbed up slightly on Thursday as traders were waiting for a European Central Bank meeting. They tried to ascertain policymakers’ views on the Euro’s recent appreciation and its impact on inflation. The British Pound steadied above a six-week low. However, it may lose more due to growing worries that Britain and the …
Euro edged up higher as traders await the ECB’s decision Read More »
Central banks are willing to learn more about cryptocurrencies. According to the Bank of International Settlements, more than 70% of central banks are exploring the idea of digital currency in some form. People should take into account that, only several central banks moved into actual concept and experimentation. Central banks around the world should pay …
Mastercard Created a Proprietary Tool for Central Banks Read More »
Organizations around the world are trying to learn more about the economic impact of the coronavirus pandemic. It makes sense as pandemic created a lot of challenges for people, companies as well as authorities. The state of the global economy is far from perfect. Companies are struggling to avoid the worst-case scenario and millions of …
Correlation Between the Economy, Coronavirus, and Education Read More »
The U.S. dollar found support on Wednesday after trading in the red for the last few days. The stock market’s slide frightened investors, and they decided to sell riskier currencies. Meanwhile, worries about Brexit caused the Sterling to tumble down to a new six-week low. The greenback surged forward by nearly 2% against a …
U.S. dollar and Japanese Yen rallied. What about the Euro? Read More »
The Japanese yen traded at 106.30 per dollar on Tuesday. The Cabinet Office data showed that Japan’s economy shrank an annualized 28.1% in April-June. That caused some turbulence to the Japanese Yen, but it managed to steady considerably. Meanwhile, the British Pound plummeted down by 0.8% versus the dollar due to stalemate in EU-UK …
Japanese Yen stood at 106.30. What about other currencies? Read More »
Electric cars step-by-step became an integral part of the modern world. As a result, companies such as Tesla have the opportunity to generate billions of dollars. This trend will continue in the future as more and more people will be able to afford electric cars. Notably, Tesla is one of the most famous electric car …
The U.S. dollar climbed up 0.2% higher against a basket of currencies during the last days. It simultaneously rose by roughly the same margin versus the euro to $1.1816. On Tuesday, it held on to small overnight gains as traders weighed whether an accommodative turn from the ECB later this week could hit the common …
The dollar rose on Tuesday. What about the other currencies? Read More »
The technical analysis studies the historical behavior of a financial asset to predict future movements, using them for technical indicators and chart patterns. The technical analysis of financial markets is a method to anticipate or forecast the direction that prices will take, based on the asset’s historical behavior. The analysis examines prices, time frames, traded …
What is Technical Analysis of Financial Markets? Read More »
The world’s second-largest economy continues to recover as can be seen from data released by China’s General Administration of Customs. Importantly, China’s dollar-denominated exports surpassed expectations to rise 9.5% for the month of August compared to the same period of time in 2019. However, last month China’s dollar-denominated imports fell 2.1% from a year ago. …
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