In the early morning trade on Monday, the Asian market traded mostly lesser. Meanwhile, as a Nasdaq-style new technology board in Shanghai launched, Chinese stocks fell. The Shanghai Composite glided 0.8% while the Shenzhen Component dropped 0.6%. A new tech board includes 25 companies. The Science and Technology Innovation Board launched it. In attempting to …
Oil and petroleum prices have erased all signs of losses after gaining as Iran keeps oil traders on their feet. Crude oil WTI futures have risen 1.76% or 0.98 points. Prices of the light sweet crude oil in today’s trading range from $55.57 to $57.02. Crude oil barrels currently trade at $56.35 compared to its …
Oil and Petroleum Prices Rally as Iran Keep Tensions High Read More »
Bitcoin supported the majors through the week as $11,000 proved to be a step too far. Drawing back the gains from Saturday, Bitcoin closed at $10,569.4 at the end of the day. On Sunday, it plunged by 1.59%. Bitcoin was bearish in the morning, making the intraday high of $10,812 decline to an afternoon intraday …
Former Maldives President Abdullah Yameen Abdul Gayoon pleaded not guilty for charges of money laundering. The Maldivian Police files the cases of grand corruption, money laundering, and theft. Yameen was the 6th president of the Maldives, famous for pulling the Maldives closer to China. Gayoon served the island country from 2013 to 2018 and left …
Former Maldives President’s Corruption Scandal Trial Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. AUDJPY The pair is trading near a strong support line after trading higher than the 50-day moving average on the daily chart. The overall trend appears to be going back to the bullish side, …
On Monday, the dollar strengthened against the yen on the forex markets. Investors toughened outlooks for an aggressive Federal Reserve interest rate cut later this month. The dollar grew 0.2% versus the yen to 107.92 due to the rise in U.S yields. Friday’s modest gains were pushed by the benchmark 10-year Treasury yield and scaled …
The financial problem problems after two Boeing 737 Max jets crashed continue to affect the company. Boeing along with Airbus dominates the global aviation industry. The company is famous for its planes around the world. Some of the Boeing airplanes such as 747, became an icon of the aviation industry. This and other planes transformed …
The Gold USD exchange pair skyrocketed in the earlier half of Friday’s trading session. Prices later fell during the second half of the day after failing to hold on to its gains. Gold spot prices started the day around 1,427.99 US dollars before suddenly jumping up as high as 1,453.01 US dollars. After a strong …
Gold USD Surges but Fails to Hold onto its Gains Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDMXN The pair found a strong uptrend support line, which will send the pair higher towards a major resistance line. The NAFTA (North American Free Trade Agreement) came into force on January 01, 1994 …
With the Trump administration preparing for re-election in the upcoming 2020 race, the United States and China trade talks struggle to come through. Just this week, United States President Donald Trump expressed his sentiments on Twitter. The US President said that the slowing economic growth of China is evidence that it is losing the trade …
The United States and China Struggle to Negotiate Read More »
On Thursday, the early signs of the U.S.-China trade war hurt corporate earnings. Wall Street stocks plunged, and Asian share markets weakened. The signs further helped reinforce robust demand for safe-haven U.S. Treasuries. The most significant one-day decrease in four months were MSCI’s broadest index of Asia-Pacific shares outside Japan, 0.3%, and Tokyo’s benchmark Nikkei …
Current Stock Market Fluctuation Plunges US Treasury Yields Read More »
Google and China Alphabet is famous around the world for its search engine and other products. Google is one best-known search engines, and people are using it every day. However, from time to time, Google forced to justify its business activities in different parts of the globe. The latest scandal emerged in the U.S. when billionaire …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. EURRUB The pair was expected to continue moving lower in the following days after it broke down from a major support line, sending the pair to its 16-month low. The European Parliament has overwhelmingly …
On Wednesday, senators convicted and criticized the proposed project of Facebook. Facebook showed it is not to be trusted by investors, as US lawmakers agree and criticized the cryptocurrency plan for adding a new member to the digital coins. On June 18, Facebook announced it will launch a new cryptocurrency called Libra in 2020 will …
Oil and petroleum prices went down in Thursday’s trading over the news of possible trade talks between Tehran and Washington. Crude oil WTI futures lost 0.39% or 0.22 points in the session. A barrel of the average oil costs around 56.56 US dollars, compared to its opening price of 56.55 US dollars and its previous …
Oil and Petroleum Prices Slip Over Possible US-Iran Talks Read More »
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