Tesla, which is well-known in the auto industry for its electric cars, decided to make several changes to make it easier for the customers to buy their cars. They decided to reduce the price of Model 3 from 39,990 to 38,990. It is not the only change as the company announced other plans as well. …
On Wednesday, the wake of a strong U.S. retail data and a Brexit-driven dive in the pound, holding the dollar stable at the current stock market. Furthermore, expected earnings reports by the worried investors from corporate America glided Asian shares. Data showed stockpile dropped less than expected last week. Oil prices also decreased after the …
Asian Shares Tumble in the Current Stock Market Movement Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDBRL The pair was seen to continue to fall lower in the following days after its broke down from a key support line. The United States and Brazil was in a renewed relationship this …
The gold USD pair is trading in negative regions in today’s session. The precious metal’s safe-haven appeal hasn’t been working effectively on traders and investors in past sessions. XAU/USD prices have declined 0.19% or 2.70 points on Wednesday’s session. Spot gold prices currently trade around $1,403.01 compared against its previous close of $1,405.90. The greenback …
In a press release by the International Monetary Fund’s Communications Department, incumbent IMF director Christine Lagarde announces her resignation. Christine Lagarde recently received a nomination by the European Council to be the new head of the European Central Bank. Following her nomination, the IMF director immediately said that she will step aside from her position …
On Wednesday, fears over a “Hard Brexit” and a probable general election took a higher risk premium for all sterling assets in the forex markets. In addition, the British pound plunged to its lowest in more than two years in early trading in Europe. In a news report, Boris Johnson called for a general election, …
Political Risk Affects Sterling in the Forex Markets Read More »
On Tuesday, the luring of full inspection continues from the financial regulators and politicians across the world. Some U.S. lawmakers from both sides will interrogate Facebook Inc on its digital coin plan. Facebook surprised regulators and lawmakers on June 18 with an announcement about the launching of a new digital coin called Libra in 2020, …
Germany’s Scholz Warns Digital Coins Such as Libra Read More »
As fears intensify with the restriction of cryptocurrencies and the increasing inspection of Facebook’s planned Libra digital coin, the Bitcoin plunged more than 10% over the weekend. On Sunday, the original cryptocurrency declined 10.4%, its second-biggest daily drop this year. Meanwhile, its weakest since July 2, Bitcoin dropped 11.1% from Friday to $9,855 early on …
Huawei and U.S. sanctions Huawei is the second-biggest smartphone maker in the world. The company had an ambitious plan to overtake Samsung, which is the number one producer. However, the trade war between the U.S. and China altered the plans for the Chinese tech giant. U.S. officials accused Huawei of intellectual property theft, cyberespionage, etc. …
On Tuesday in the forex markets, the pound fought a nearly six-month low versus the dollar. The constant worries over Brexit blocked the balanced on the euro. As the interest rate outlook of the Federal Reserve remains in keeping the greenback on the resistance, the dollar struggled for traction versus the yen. The pound decreased $1.2515 after …
Forex Markets: Sterling Weakens as Dollar Strengthens Read More »
On Monday, the current stock market remained attentive to the probable U.S. rate cut this month. Also, major Asian equity indicators pushed higher. Investors expected the world’s biggest economy to receive measurements by corporate earnings and U.S. retail sales data. Meanwhile, with declines in Chinese shares covering increases elsewhere in the region. MSCI’s broadest index …
Current Stock Market: Asian Shares Nudges amidst U.S Data Read More »
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 …
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 …
Oil and Petroleum Prices Inches Up After Hurricane Barry Read More »
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 …
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 …
Finance: Asian Shares Boosted by Chinese Data Backing Read More »
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