West Texas Intermediate or WTI crude oil and benchmark Brent oil prices went up in today’s sessions. Demand concerns were raised after weak US economic data was released, causing WTI crude and Brent oil to gain. Aside from that, the big loss in oil inventory stocks also helped petroleum and oil prices to rally in …
WTI Crude Prices Go Up Despite Weak US Data | Wibest Read More »
HP Inc. is planning to decrease the size of its global staff by the thousands in the next three years. According to the company, it plans to cut between 7,000 to 9,000 workers. It will use a combination of “employee exits and voluntary early retirement.” The cut in the workforce will be complete by 2022. …
HP Plans to Cut Thousands of Jobs | WibestBroker Read More »
There many digital currencies around the world. Nevertheless, Bitcoin is the most expensive cryptocurrency in terms of market capitalization. As a result, crypto investors, as well as analysts, are constantly trying to analyze current trends to learn more about the cryptocurrency market. The best result so far dates back to December 2017. At the end …
The EUR/GBP trading pair dropped yesterday after two disappointing data from the Eurozone and Spain caused the euro to fall. The pair appeared to recover midway through the session, however, euro bulls prevailed, causing the pair to dive. The EUR/GBP exchange rate fell 0.58% or 0.0051 points in yesterday’s trading. The EUR/GBP pair extended its …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDSGD The pair is trading lower in the previous sessions, with the price going lower than the 50-day moving average. Prices have recorded steep declines in the recent week, although the overall trend still …
Daily Market Charts and Analysis October 04, 2019 Read More »
Stock exchanges in the US jittered yesterday after signs of recession threatened to push Wall Street into correction territory. Earlier, the Asian market floundered as traders reacted to news that the US will impose more tariffs on European products. The US said it would impose 10% tariffs on Airbus planes. Yet, Airbus stocks rose 3.5% …
Stock Exchanges Jitter of Recession Fears | WibestBroker Read More »
The World Trade Organization (WTO) decided in favor of granting the U.S. approval to impose tariffs on European products. The trade dispute between the U.S. and the European Union may have a long-lasting effect on the global economy. According to WTO, Airbus received state subsidies, and by doing so it gained an unfair advantage against …
After a series of Eurozone data became available, the EURGBP trading pair slightly inched down in sessions. Data from the Spanish services PMI, Eurozone market composite PMI, and the UK composite PMI prevented the euro to gain. Business growth in the Eurozone in September showed contraction in the region’s manufacturing activity takes its toll on …
Cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and others are becoming more popular around the world. At the moment, Bitcoin is the most popular and at the same time expensive cryptocurrency on the market. It means that investors, analysts and crypto enthusiasts are monitoring the situation regarding this cryptocurrency. Bitcoin came to exist ten years ago, …
Spot gold prices contracted in Thursday’s trading as traders shift their focus towards the US non-farm payroll. Wall Street is preparing as analysts forecasts a sharp drop in the NFP report on Friday. Several factors affect spot gold prices in today’s trading, causing it to swing from green to red territories in sessions. Among those …
The Asian market tumbled on Thursday after the United States announced new import tariffs on European Union products. Hong Kong, on the other hand, moved in the opposite direction. MSCI’s broadest index for Asian shares ex-Japan lost 0.60%. Japan’s Nikkei index ended the session with a 2.00% loss. It was its biggest decline since August …
Asian Market Dips, HK Bucks Trend | WibestBroker Read More »
One of the main advantages of cryptocurrencies is that it is a decentralized system. It means that central banks are not controlling this industry. As a result, it is hard to track crypto payments. This fact makes the crypto money, more attractive to various companies as well as countries. One of the counties which realized …
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The UK money weakened in yesterday’s trading after traders got more anxious about the October 31 Brexit. Pound traders expect October to be a wild ride as it is the month of the highly controversial Brexit. As the United Kingdom’s departure from the European Union rapidly approaches, pound traders become more pessimistic towards their Brexit …
UK Money Falls Before Johnson’s Proposal | Wibest Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. GBPUSD The pair has recently plummeted and managed a breakout from the recent uptrend, with the price reaching weekly lows during sessions. The price has converged with the 50-day moving average, but used it …
Daily Market Charts and Analysis October 03, 2019 Read More »
Stock exchanges around the world made big moves yesterday as various data flocked the markets. Over in Wall Street, US stocks faltered as weak manufacturing data fanned fears of growth slowdown. The Dow, S&P, and NASDAQ all appeared weak at the beginning of the session. The Dow opened around 160 points lower, while the S&P …
Stock Exchanges Down after Economic Data | WibestBroker Read More »
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