Interestingly, after a strong decline, the U.S. Dollar found support near 0.8870 against the Swiss Franc. It is worth noting that USD/CHF exceeded the 0.8920 resistance. This is not the end of the story as it could face hurdles near 0.9000. Let’s have a look at the 4-hour chart. As can be seen from the …
U.S. Dollar Strengthened its Position Against Swiss Franc Read More »
Last week, internet users started buying up shares of the sagging retail company GameStop on the stock market. The crowd-vesting strategy paid off for the Reddit users who had banded together against hedge fund giants using a nontraditional disruptive trading tactic. Significantly, GameStop’s stock price boosted sharply, from $43 to $325 in one week, leaving …
It was a great day for the U.S. dollar. It is worth mentioning that, the currency of the biggest economy of the world held the upper hand against low-yielding currencies on Wednesday. People should take into account that, the dollar reached the highest point against the yen in five months as U.S. bond yields jumped …
Dollar Reached the Highest Level Against the Yen Read More »
Wheat prices collapsed this month among profit-taking, but the decline is estimated short-term, based on fundamentals and the result from the winter weather. Could the wheat market reach the $7 point in the first quarter? The March futures surged $0.1325, or 2.08%, to $6.50 per bushel at 14:19 GMT on Tuesday on the Chicago Board …
The Japan Stock Market closed lower on Wednesday. Declines in the paper and pulp, rail and bus, and real estate sectors drove the indices down. At the close in Tokyo, the Nikkei 225 lost 0.58%. The best performers of the Nikkei 225 were Mitsui Engineering & Shipbuilding (T: 7003). The Japanese company rose 10.61% or …
According to the statistics office, Germans’ nominal earnings declined for the first time in over a decade. Data revealed that the COVID-19 pandemic had a more severe impact on earnings than the 2007 – 2008 financial crisis. Months of lockdown directed at containing the virus’s spread have had a destructive influence on the global economy, …
Germans’ nominal earnings fell for the first time in years Read More »
According to the latest news, Asian Gaming & Internet Cafe is being converted to cryptocurrency mining farms. Vietnam-based Internet Cafe Computer Star announced that it is switching its business model to cryptocurrency mining. The owner says that profits are higher than the original business. The Café possesses several NVIDIA GeForce RTX graphics cards. This includes …
Internet Cafe switched its business model to crypto mining Read More »
Jaguar Land Rover (JLR) is a well-known carmaker. The company made an important decision. Based on the information provided by the carmaker, its Jaguar luxury brand will be all-electric by 2025. Interestingly, Land Rover will release its first all-electric vehicle in 2024, the first of six fully electric models planned for release over the next …
Jaguar Land Rover, Electric Cars, and New Opportunities Read More »
The country’s government is willing to take measures to deal with issues created by the coronavirus pandemic. Singapore’s government made an interesting announcement. It is worth mentioning that, the government announced a new fiscal package worth 11 billion Singapore dollars ($8.3 billion) to support Covid vaccination efforts as well as economic segments affected by the …
Singapore’s Government is Ready to Support the Economy Read More »
Lunar New Year is a very important holiday for hundreds of millions of people in China and abroad. It was a really good day for cinema stocks listed in Hong Kong. However, before discussing this topic, let’s have a look at the stocks in Asia-Pacific. Interestingly, stocks in Asia-Pacific saw gains on the day as …
Hong Kong-listed Cinema Stocks and Lunar New Year Read More »
Yet it appears that the course may yet change as at the time of writing, palladium has stretched back to the opening level and platinum turned its gains. Market analysts revealed that the risk-on market sentiment rests firmly in place. Hopes for coronavirus vaccine rollouts and global economic improvement have been encouraging traders towards riskier …
The United States Dollar declined on February 16, as vaccine optimism lifter the sterling to an almost three-year high. Moreover, boosting oil prices and buoyant expectations for global rebound supported commodity-linked currencies. Furthermore, in trade thinned by Lunar New Year holidays in China and Monday’s U.S. holiday, the positive mood also declined safe-haven yen. It …
Dollar fell, the pound rose, euro was steady at $1.2132 Read More »
Uber is a famous company that operates in many countries. However, the ride-hailing giant is no stranger to scandals. This week the company asked the European Union to introduce a framework for the gig economy workers, floating a model similar to that adopted by California. It is worth noting that, Uber shared a “white paper” …
It is worth noting that, stocks in Asia-Pacific strengthened their positions on February 15, with multiple markets in North Asia closed for the Lunar New Year holidays. Let’s start with Nikkei 225. In Japan, the Nikkei 225 exceeded the 30,000 level for the first time in more than 30 years. Importantly, it added 1.91% on …
Nikkei 225 Surpassed 30,000 for the First Time in Decades Read More »
In the Middle East, the Iran-backed Houthis political group stated that it charged an international airport and airbase in Saudi Arabia with drones. While the Saudis have not verified the aggression, Riyadh has been consistently opposing the Houthis since 2015 in Yemen. What made the developments even more remarkable was that President Joe Biden led …
Middle East Tensions Affect The Commodity Market Read More »
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