Tue, March 19, 2024

John Marley

John Marley is our junior contributor that focuses on Forex and equity markets. Before becoming an independent financial adviser, Mr. Marley graduated at EAE business school. His experience includes working for the brokerage and banking sector.

Wibest – US Government: Two farmers in the middle of a field.

US Government Plans New Agricultural Policies

The United States’ Trump administration is suggesting a new policy for season farmers and agricultural workers in the US. The US government claims that the proposal will help make visa applications for employers easier. The US Department of Labor announced the proposal on their recent statement. United States President Donald Trump has made attempts to …

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Wibest – Petroleum: A close up shot of a crude oil refinery

Oil and Petroleum Prices Inches Up After Hurricane Barry

Oil and petroleum products are expected to move upward following the resumption of production in the US Gulf of Mexico. In the previous days, oil and petroleum production in Louisiana and the near region temporarily halted production in preparation for Hurricane Barry. Oil futures shortly declined during the storm. Producers are now restoring output, oil …

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Market Charts and Analysis

Daily Market Charts and Analysis July 16, 2019

Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDTRY The pair failed to breakout from a “Falling Wedge” pattern resistance line, sending the pair lower towards its support. The United States offers is condolences to Turkey’s defeated coup victims as it commemorates …

Daily Market Charts and Analysis July 16, 2019 Read More »

Stock market update

Finance: Asian Shares Boosted by Chinese Data Backing

On Monday, the world’s second-biggest economy is seen to be stabilizing a ramped-up stimulus from Beijing after encouraging Chinese data. Also, Investors were reassured while Asian shares progressed. Last year, the growth of the second quarter economy decreased to 6.2%. A separate data showed the country’s industrial production and retail sales which finance records conveniently …

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Wibest – Currency: Dollar, Yuan and Euro notes.

Currency: Yuan, Euro Rises, Dollar Slips amid China’s Data

After the better-than-predicted economic data out of China easing concerns over the global economic slowdown. The dollar weakened versus the euro and yuan on Monday in Europe. According to the official data released, since quarterly records began, China’s economy grew at the slowest pace from three months to June. Last year, the gross domestic product …

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Wibest – Oil and Petroleum: Crude oil workers at work

Crude Oil and Petroleum Prices Slips Against OPEC’s Cuts

Oil and Petroleum prices fall after the IEA or International Energy Agency said that they expect a rise in oil supplies by 2020. The Organization of Petroleum Exporting Countries, otherwise known as OPEC, has agreed during their meeting in Vienna, Austria to cut production until March 2020. The United States Crude Oil WTI futures declined …

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Wibest - Photo of the Facebook logo on the smartphone screen and the brochure with Libra logo.

Libra Tech: An Introduction to Facebook’s Cryptocurrency

Libra is supported with real, cold hard assets. Unlike most famous cryptocurrencies such as Bitcoin, Litecoin, Ethereum, etc. It’s hypothetically a “stable coin.” It means it’s worth is connected to a basket of diversified global currencies and low-risk bonds, providing a lower bound, or floor, on price levels. For years of successful currencies, with this …

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Wibest – Persian Gulf: Oil tanker ship

Oil prices rise as tensions in the Persian Gulf continues

Crude oil prices are currently getting support from demand concerns as tensions in the Persian Gulf region continues to brew. The West Texas Intermediate crude oil futures inched 0.08 points or 0.13%. Crude oil barrels currently trade at $60.28, compared to its previous close of $60.20. Brent oil futures, the benchmark for oil prices outside …

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Wibest – US dollar with blurry dollar background.

CPI: Dollar Firm as U.S. Inflation Edges

The toughened U.S. inflation data and the aggressive outlook of Federal Reserve regarding the interest rate cut have recovered the dollar, which gained some traction against other currencies later this month. Meanwhile, the dollar was steady on Friday. In June, the leading U.S. consumer price index gained 0.3% apart from food and energy components. On …

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Wibest – US dollar banknotes face up to Chinese Yuan banknotes.

Stock Exchanges: No Stable Movements amid China’s Data

This month, worries increased over as investors expect the Federal Reserve to rate cut and wait for China’s trade, lending, and growth data. Besides, the Asian shares went between small losses and gains on Friday. The anticipation was for European equities to open higher. Meanwhile, in Asian markets, an expected Fed cut did little to …

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Wibest – British Prime Minister: The Union Jack and the Big Ben

British Prime Minister Candidate Vows to Aid Farmers

The candidate for British Prime Minister, Boris Johnson, said that he pledges to give support to farmers and the agricultural sector in case of a no-deal Brexit break. The British politician reportedly released an opinion in a leadership campaign event. He said he will do his part if Europe decides to enforce tariffs on agricultural …

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