On Tuesday, Kremlin-run petroleum giant Rosneft said that Transneft, which manages Russia’s oil pipelines, was unsuccessful to deliver an answer to a tainted-oil crisis. Since this news blew up, the problem has slashed the country’s crude exports for more than four months. In mid-April, the Russian Druzhba pipeline, which pumps 1 million barrels of …
Petroleum Giant Rosneft Failed to End Tainted Oil Crisis Read More »
The Swiss Franc had a strong rally in today’s trading after the SNB denied commenting on the value of the currency. The Swiss franc, which rose to its highest ranges against the euro, continued to rally in Tuesday’s sessions. The EUR CHF trading pair went down to 0.28%, to 0.0031 points, trading for Fr1.0831 against …
Recently, Philippine professional boxing legend, Manny Pacquiao, has launched his digital coin, known merely as Pac. Moreover, it will register on Singapore’s Global Crypto Offering Exchange (GCOX). The boxing phenomenon from the Philippines has announced the introduction of his cryptocurrency on its concert in Manila City. The concert assembly had more than 2,000 fans to …
Professional Boxing Legend Manny Pacquiao Introduces Digital Coins Read More »
Maynila, the Philippines’ economy will likely recover according to central bankers in the second half of 2019. While other Asian economies start to struggle and slow down, growth in the Philippines will likely bounce back. According to the Francisco Dakila, BSP deputy director, the central bank will be able to differentiate its policy from peers …
On Monday, stock markets located in Asia reacted to the problems created by new tariffs. Starting from Sunday, the U.S. imposed additional tariffs on Chinese products. The trade war created various issues for the stock markets in Asia and around the world. As mentioned above from September, the U.S. imposed tariffs on $112 billion on …
The EUR/GBP trading pair gained altitude in yesterday’s trading as the pound sterling continues to weaken. The EUR/GBP pair moved up by 0.40% or 0.0036 points in Monday’s sessions. The pair traded around £0.9082 in sessions and has extended its gains from £0.9026 to £0.9091 in yesterday’s trading. The two currencies also lost against other …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. EURJPY The pair is seen to breakout from a major support line, which will send the pair lower toward its 38-month low. Japanese Prime Minister hosted the 2019 G20 Leaders Summit in Osaka. During …
Daily Market Charts and Analysis September 03, 2019 Read More »
Stock markets across Asia reacted to the news that tariffs imposed by the U.S. were enacted on Sunday. It means that starting from Sunday the U.S. imposed new tariffs on products imported from China. The trade war continues to affect the stock markets in Asia as well as in other regions across the world. This …
The EURGBP trading pair is in for a very volatile ride in the coming trading sessions as both currencies gradually weaken. The FX market continues to receive mixed sentiments over whether which currency will come out triumphant. The looming German recession is currently the heaviest weight on the euro. Meanwhile, pound sterling traders are losing …
In a news report, calculations showed petroleum product sales remained stable at nearly $500 million a month from the Islamic Republic together with its shipping data. Meanwhile, U.S. sanctions on Iran’s oil industry have reduced the OPEC countries’ crude exports by more than 80%. Sanctions have almost affected Iran’s exports of oil products, mainly fuel …
The Chinese Caixin General Manufacturing PMI reached an impressive 50.4 in August. The data shocked the whole market as the whole Chinese manufacturing sector continues to receive blows from Trump’s tariffs. The data went way higher than the expected 49.9 of analyst and the previous reading of 49.8 last month. The August data is the …
On Sunday, the world’s first celebrity digital coin in Manila was introduced by the professional boxing legend, Manny Pacquiao. You may not know that he is into investing, other than being one of the greatest boxing players of all times. Last year, assumptions generated impacts in the cryptocurrency field that he will be the owner …
Professional Boxing Legend Manny Pacquiao Launches Own Digital Coins Read More »
Twitter CEO Jack Dorsey experienced a hacking incident last Friday, albeit briefly. The hackers, calling themselves the “Chuckle Squad,” used Dorsey’s account to post abusive and racist tweets. One of the tweets even read, “Nazi Germany did nothing wrong.” Another tweet seemingly threatened that there was a bomb at the company’s HQ. Most of the …
The EUR/USD trading pair weakened in last week’s trading after the US economic growth report bolstered the greenback in session. The EUR/USD trading pair went down by 0.11%, or 0.0012 points, hitting levels between $1.1035 and $1.1061 in Friday’s session. The pair gradually declined throughout last week’s trading. The EUR/USD started from $1.1160 on Monday …
On Friday, most of the Asian stock market indexes increased, which is good news. On August 29, the Chinese government official’s comments had a positive impact on most of the stocks. Gao Feng is the spokesperson of China’s Ministry of Commerce. He stated that China was ready for a constructive dialogue. This decision affected the …
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