The Asian Development Bank (ADB) updated its outlook report. According to ADB, developing Asia which includes countries like India, China, Indonesia, and Singapore will contract in 2020 for the first time in about six decades. It makes sense as the coronavirus pandemic continues the economies around the world. The state of the global economy was …
Asian Development Bank and GDP in Developing Asia Read More »
The Euro traded in the green for the last three consecutive days. On Monday, it stood at $1.18455. The ECB showed no apparent sign of stemming the Euro’s appreciation. As a result, the currency gained more footing on the market over the last days. Meanwhile, the dollar’s index against a basket of currencies changed …
Euro traded in the green on Monday. How did Sterling fare? Read More »
The Chinese yuan hit its highest point in 16 months against the U.S. dollar on Tuesday. New Chinese data pointed at economic recovery after the pandemic shutdowns. However, the dollar declined as risk appetite improved. The Chinese yuan rallied in both offshore and onshore trading. The offshore yuan surged forward to 6.7725 versus the …
Chinese Yuan rose against Dollar. What caused its rally? Read More »
Shares of SoftBank Group soared on Monday thanks to a deal with Nvidia. However, before discussing the share of the conglomerate, let’s have a look at the stocks in Asia. Interestingly, stocks in the Asia Pacific strengthened their positions, as investors analyzed the information regarding the SoftBank-Nvidia deal. South Korea’s Kospi gained 1.3% on the …
SoftBank Group Sold Chip Designer for $40 Billion Read More »
Crypto mining gained popularity in the Russian Federation. However, there are certain risk factors. Interestingly, the country’s major cryptocurrency law “On Digital Financial Assets” does not mention the term mining at all. Russian President Vladimir Putin signed this bill into law this summer. Notably, the law “On Digital Financial Assets” is regarded as a glossary …
Many traders understand that the most challenging thing about successful forex trading is deciding when to close a position. Known as a forex exit strategy, it is probably the most frustrating and challenging part of trading. When to profit in the Forex market is a very complex topic, and it does not have a correct …
Employers around the world are struggling to deal with the economic impact of the coronavirus pandemic. It is not surprising as the pandemic created a lot of problems for the companies. Importantly, the state of the global economy is far from being ideal. It is worth noting that, employers in Britain are planning more than …
How Employers in Britain Plan to Deal With Pandemic Read More »
There are numerous factors that have the potential to influences stocks. Interestingly, stocks in the Asia-Pacific strengthened their positions on September 11, as investors watched regional technology stock movements after a decline in the sector in the U.S. Notably, Japanese stocks saw gains on the day. The Nikkei 225 added 0.74% to 23’406.49. At the …
The euro whipsawed during Friday’s session. It soared by 1% to $1.1917 after ECB President Christine Lagarde stated that the bank does not target the exchange rate. However, the currency plummeted down to around $1.1830 soon as a U.S. equities’ fall boosted the greenback. The British Pound traded at $1.2812 after dropping to a six-week low …
Euro fluctuated on Friday while the Sterling remained low Read More »
The U.S. dollar stood at 106.13 yen on Monday, stuck in its familiar territory in the past couple of weeks. Japanese Chief Cabinet Secretary Yoshihide Suga will become head of Japan’s ruling party on Monday and prime minister on Wednesday, succeeding Shinzo Abe, who left the post a few weeks ago. Suga has been …
Yen remained steady along with dollar. What about Sterling? Read More »
Recently, governments of the five European Union (EU) countries all backed the European Commission’s intent to draft regulation for asset-backed crypto assets, notably stablecoins. Germany, France, Spain, Italy, and the Netherlands supported this decision. In their draft joint statement, the governments reportedly pledged to prevent global stablecoins from operating in the EU. Governments of the …
It was a positive day for the stocks in the Asia-Pacific, as most of them saw gains on the day. Investors watched regional technology stock movements after a decline in the sector in the U.S. For example, mainland Chinese stocks strengthened their positions on Friday. The Shanghai Composite added 0.79% to around 3’260.35. At the …
Shares of Major Tech Companies and Investor Sentiment Read More »
The yen was steady at 106.14 per dollar on Friday. Goldman Sachs analysts noted that pension fund flows out of Japan had offset a safety bid as U.S. stocks tumbled down. On the other hand, the Australian dollar increased by 0.3%, heading toward a flat finish for the week at $0.7275. The New Zealand …
Japanese yen traded at 106.14 on Friday. What about Dollar? Read More »
The dollar index remained steady at 93.172 against a basket of six major currencies on Thursday. The U.S. currency traded against the Swiss franc at 0.9116. It changed insignificantly to 106.11 versus the Japanese yen as well. Meanwhile, the Australian dollar plummeted down to $0.7268. Investors were concerned about Australia’s worsening diplomatic ties with China over …
The U.S. dollar was steady Thursday while the Euro gained Read More »
The governor of the Bank of France, Francois Villeroy de Galhau mentioned interesting details in his speech. He attended the Bundesbank conference on September 11. According to the governor, Europe can’t afford to lose momentum. Especially when it comes to dealing with the challenges posed by the private sector global digital assets. In his speech, …
WhoIs Best Broker is leading Forex and Economy news Website. We provide you with the latest news and videos straight from the Financial Industry..
