The euro traded at $1.1841 on Monday, steadying against the greenback. Meanwhile, the dollar index changed insignificantly at 92.875. U.S. financial markets closed for the Labour Day holiday. Analysts anticipate trading volumes to be thinner than usual after opening. Meanwhile, the British pound tumbled down by 0.5% to $1.3218. It touched a one-week low …
Euro steadied while Sterling fell due to Brexit disagreement Read More »
Tensions between the U.S. and China started a long time ago. However, the coronavirus pandemic created additional problems. It is not surprising that investors are closely watching the situation to learn more about the situation. Unfortunately however, stocks were mixed on September 7 as investors reacted to rising tensions between the countries. Importantly, Hong Kong-listed …
Tensions between Economic Superpowers and Stocks Read More »
Crypto-related companies are trying to come with new ideas and the world’s largest crypto exchange by daily trading volume is not an exception. Recently, Russian lawmakers approved the country’s first crypto-related law in July. Russian President already signed this bill into law. This law forbids Russian residents from making crypto payments starting from January 2021. …
Binance, World’s Largest Crypto Exchange, and Russian Market Read More »
The euro steadied against the U.S. dollar on Monday, trading above $1.18. Investors contemplated the latest U.S. jobs data. This was in preparation for the European Central Bank meeting on Thursday. At the meeting, trades contemplated whether policymakers will agree on more stimulus. The greenback has plummeted down to more than two-year lows against …
The dollar steadied on Monday due to positive U.S. jobs data Read More »
Private as well as governmental organizations are working hard to create the coronavirus vaccine. American multinational pharmaceutical corporation Pfizer thinks it will have enough data to ask the U.S. Food and Drug Administration to authorize its potential vaccine in October. However, most experts think that it’s unlikely but not impossible to prepare a vaccine ahead …
Coronavirus Vaccine and its Impact on the Global Economy Read More »
The Antipodean currencies declined slightly at the beginning of Friday’s session. Traders were worried after a sell-off in U.S. tech shares hit Asian stocks. However, the Australian dollar steadied at $0.7272 later on Friday. New data about local retail sales accelerating in July helped the currency. Meanwhile, the New Zealand dollar recovered some losses, last trading at …
The Aussie dollar was steady on Friday. What about the Kiwi? Read More »
On Friday, it was a tough day for many companies across Asia. As a reminder, several days ago shares of the world’s biggest publicly-traded company fell 8%. Tech giant Apple suffered the biggest one day decline since mid-March. On September 4, shares of Apple’s suppliers in Asia declined, due to the factor mentioned above. Shares …
Asian Companies and World’s Biggest Publicly Traded Company Read More »
Cryptocurrencies such as Bitcoin, and others have the potential to address several issues. Recently, a blockchain analytics firm published new research that once more underlines the importance of cryptocurrencies. For example, the amount of crypto transactions between South America and Asia surpassed $1 billion in 2019. It means people as well as companies are ready …
The Euro declined by 0.4%, lowering at $1.1806 on Thursday. The currency soared earlier this week, reaching $1.20. However, traders were concerned about the fast rise. They thought the Euro’s surge was too strong for the ECB’s liking. Investors’ fears have intensified after a Financial Times report confirmed those concerns. Lee Hardman, a currency analyst …
The Euro fell due to concerns about a new financial report Read More »
A blockchain analytics firm from New York called Chainalysis published new research that contains many interesting details. According to Chainalysis, the volume of crypto transactions between South America and Asia surpassed $1 billion in 2019. It is worth noting that, the study “Latin America Mitigates Economic Turbulence with Cryptocurrency”, analyzed trends in Latin America between …
Blockchain firm, Crypto Transactions, and Various Markets Read More »
The U.S. has the largest economy in the world, but even for the world’s largest economy, the coronavirus pandemic is a major problem. It is not surprising as companies in the U.S. and elsewhere are struggling to cope with a vast amount of problems. It is worth mentioning that, for the first time since just …
U.S. Debt May Exceed the Size of the Country’s Economy Read More »
The U.S. dollar was steady against major currencies on Friday. Traders were waiting for key U.S. jobs data, expecting that it will shed light on the strength of economic recovery from the Covid-19 pandemic. Thus far, the dollar has managed to stop its recent slide. However, analysts warn that sentiment remains weak due to …
U.S. dollar remained steady on Friday. What about the Euro? Read More »
It was a tough day for mainland Chinese stocks. The Shanghai Composite dropped 0.58% to around 3,384.98 and the Shenzhen Component fell 0.828% to about 13,772.37. However, South Korea’s Kospi index gained 1.33% to 2’395.90. In Japan, Nikkei 225 added 0.94% to close at 23’465.53. At the same time, the Topix index gained 0.48% to …
Switzerland is a developed country which is famous for its banking system. However, the country has the opportunity to become a leader in the crypto industry as well. Interestingly, crypto companies gained popularity in the country thanks to its favorable regulation and a positive attitude toward cryptocurrencies. Moreover, one Swiss canton to take additional steps …
Despite being one of the leading causes of climate change, oil continues to be the most widely in-use fuel in the world and drives the economy of the wealthiest countries. Fossil fuels, and especially oil, are the most common source of energy worldwide. The first oil wells were built in the middle of the 19th …
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