The trade war between the U.S. and China started a year ago. However, the first signs of the trade war started earlier as discontent was growing for years. The current U.S. President Donald Trump was not happy with U.S.-China relations even before he became the president. His opinion was that China was mistreating the U.S. …
The Australian money or AUD is performing well in today’s trading as the unemployment rate in the country dips. Aussie traders have been closely watching the September labor market report of the country that could lead the RBA to cut rates again. The Australian unemployment rate went down by 5.2% last month. The outcome did …
Australian Money Jumps After Jobless Data | Wibest Read More »
Cryptocurrencies step-by-step are becoming part of everyday life. It is not surprising that not only private but as well as governmental organizations started to embrace the digital currencies. The cryptocurrency market is evolving, and one of the latest examples comes from the U.K., more precisely from Wales. The government of Wales decided to allocate funding …
American stocks lowered at Wednesday’s close. S&P’s best performer was McKesson Corporation that gained 4.38% to 144.84, while JB Hunt Transport Services Inc ran second. The transport company was up 3.63% at 115.65. AmerisourceBergen ran third with a 3.43% gain at 86.05. Alexion Pharmaceuticals Inc performed the worst, slipping 5.06% to 99.51, Exelon Corporation lost …
Petroleum and oil prices went tumbling down in today’s trading after a huge buildup in US crude stockpiles. The American Petroleum Institute or API reported earlier this Thursday the sharp rise in crude stocks. Following that news, WTI crude or West Texas Intermediate oil dropped 1.03% or 0.55 points in Thursday’s trading. A barrel of …
Petroleum and Oil Prices Fall Against Stockpiles Buildup Read More »
Business investors boosted the US banking sector, but US futures dipped at fresh US-China trade war concerns. Dow e-minis went down 51 points or 0.19% while S&P 500 e-minis fell 5.75 points or 0.19%. Nasdaq 100 e-minis lost 16.25 points or 0.2%. Analysts forecasted S&P 500 companies’ worst quarterly performance in almost three years. The …
Trade War Drops US Futures, Boosts US Banks | Wibest Read More »
Crypto mining is a complex process. However, the crypto mining business is becoming more popular around the world. The spread of digital currencies accelerated the process. People are willing to invest in this business. At the moment, China is leading in terms of crypto mining. It is an interesting fact that around 60% of global …
The EUR to USD exchange rate rallied in yesterday’s trading and the greenback receive mixed results against other currencies. Meanwhile, after being spotted in the gaining side of the trading spectrum, the US dollar index fell in the latter half of the trading. News from the Eurozone and Germany supported the euro in yesterday’s rally. …
The GBP/USD exchange rate went down as pound traders appeared worried about the Brexit divorce on October 31st. The USD was also fighting its way against other currencies while its indices slightly inched up in Wednesday’s trading. The GBP/USD exchange rate went tumbling down as the pound continued to fluctuate from the winning to the …
In the modern world, the economy plays a crucial role as thanks to globalization; companies around the world can export their products. However, as the level of cooperation is increasing, it also creates some problems for developing countries. There are many factors that can influence the local as well as the global economy. The latest …
The International Monetary Fund and global growth Read More »
The digital currencies such as Bitcoin, Ethereum became the symbols of the cryptocurrency market. These digital currencies, along with several others helped to popularize this emerging business. The number of people who are directly or indirectly connected to digital currencies is increasing, and they want to learn more about Bitcoin, etc. It is interesting to …
Grain markets and futures went down in trading sessions following US-China trade war news. Corn, rice, and wheat futures all declined on Wednesday’s trading, while the US soybeans contract steadied. The United States corn futures lost 0.58% or 2.26 points in today’s session. A bushel of corn currently trades for $390.62, sliding lower from its …
The digital currencies are becoming popular as more people are ready to use cryptocurrencies instead of fiat currencies. An interesting fact about the cryptocurrency market is that it even attracted the attention of social media giants. One of the most popular social media giant which is Facebook decided to enter this market. However, due to …
Telegram may postpone the release of cryptocurrency Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. AUDUSD The pair has been trading in the red in the previous three sessions, with prices going below the 50-day moving average. This indicates a generally bearish sentiment for the pair. Prices have climbed …
Daily Market Charts and Analysis October 16, 2019 Read More »
Stock exchanges had rough first two days this week, which also happens to be the start of the earnings season. Wall Street kicked off the week on its back foot as trade war concerns again pummeled the markets into the red. That’s because even though both the US and China claimed progress in the talks, …
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