The Canadian dollar plummeted down to a three-week low on Wednesday. However, it steadied in Asia later as traders awaited a Bank of Canada policy decision. The Norwegian krone also declined, hitting a more than the six-week low of 9.1840 per dollar. The oil price plunged overnight and dragged down oil exporters’ currencies with …
Why did Canadian dollar and Norwegian krone fall? Read More »
It was an interesting day as stocks in the Asia Pacific fell on Wednesday. However, European stocks saw gains on the day. Let’s have a look at the stocks across the world. For example, mainland Chinese stocks saw losses on the day. The Shanghai Composite fell 1.86% to about 3’254.63. Also, the Shenzhen Component dropped …
Stocks in Europe, Asia, and Other Parts of the World Read More »
The Euro climbed up slightly on Thursday as traders were waiting for a European Central Bank meeting. They tried to ascertain policymakers’ views on the Euro’s recent appreciation and its impact on inflation. The British Pound steadied above a six-week low. However, it may lose more due to growing worries that Britain and the …
Euro edged up higher as traders await the ECB’s decision Read More »
Gold was steady in Asia after a rapid rise overnight in commodities. A falling dollar and a volatile stock market situation set the stage for the initial rise of the precious metal. Thursday’s report showed Gold futures inched up 0.06% to $1,956 by 12:05 AM ET (5:05 AM GMT). A rally in U.S. tech stocks …
Gold Steady After an Overnight Boost | Wibest Broker Read More »
The Portland City Council has passed the toughest facial recognition ban in the United States. It’s blocking both public and private use of the technology. Boston, San Francisco, and Oakland have also passed laws barring public institutions from using facial recognition. Portland is the first to prohibit private use and the ban passed unanimously, according …
Portland City Council Strongly Bans Facial Recognition Tech Read More »
Stocks in Europe saw gains on the day as investors looked to treat a technology-led rout earlier in the week that put pressure on financial markets around the world as not significant. It is worth noting that, the pan-European Stoxx 600 added 1.6%, with the tech and telecom sectors both jumping more than 2%. …
European Stocks Strengthened their Positions on Wednesday Read More »
Organizations around the world are trying to learn more about the economic impact of the coronavirus pandemic. It makes sense as pandemic created a lot of challenges for people, companies as well as authorities. The state of the global economy is far from perfect. Companies are struggling to avoid the worst-case scenario and millions of …
Correlation Between the Economy, Coronavirus, and Education Read More »
The U.S. dollar found support on Wednesday after trading in the red for the last few days. The stock market’s slide frightened investors, and they decided to sell riskier currencies. Meanwhile, worries about Brexit caused the Sterling to tumble down to a new six-week low. The greenback surged forward by nearly 2% against a …
U.S. dollar and Japanese Yen rallied. What about the Euro? Read More »
The Japanese yen traded at 106.30 per dollar on Tuesday. The Cabinet Office data showed that Japan’s economy shrank an annualized 28.1% in April-June. That caused some turbulence to the Japanese Yen, but it managed to steady considerably. Meanwhile, the British Pound plummeted down by 0.8% versus the dollar due to stalemate in EU-UK …
Japanese Yen stood at 106.30. What about other currencies? Read More »
Electric cars step-by-step became an integral part of the modern world. As a result, companies such as Tesla have the opportunity to generate billions of dollars. This trend will continue in the future as more and more people will be able to afford electric cars. Notably, Tesla is one of the most famous electric car …
Gold fell on Wednesday morning in Asia after a steep drop and then recovery during the previous session in commodities. The recovery of this precious metal was sparked by major selloffs in stocks. Gold futures were up 0.32% at $1,937.05 by 12:39 AM ET (5:39 GMT). This was after seeing both a peak of $1,947.70 …
Gold Steadies After Steep Drop and Bounce | Wibest Broker Read More »
South Korea’s top manufacturers of semiconductors are to suspend all transactions with Chinese firm Huawei. This is in compliance with the latest U.S. sanctions against the company being accused of spying and stealing technology. Samsung and SK Hynix are to stop selling components to Huawei as the Trump administration tightens sanctions on the phone maker. …
Samsung, SK Hynix to Drop Trades with Huawei | Wibest Broker Read More »
The U.S. dollar climbed up 0.2% higher against a basket of currencies during the last days. It simultaneously rose by roughly the same margin versus the euro to $1.1816. On Tuesday, it held on to small overnight gains as traders weighed whether an accommodative turn from the ECB later this week could hit the common …
The dollar rose on Tuesday. What about the other currencies? Read More »
The world’s second-largest economy continues to recover as can be seen from data released by China’s General Administration of Customs. Importantly, China’s dollar-denominated exports surpassed expectations to rise 9.5% for the month of August compared to the same period of time in 2019. However, last month China’s dollar-denominated imports fell 2.1% from a year ago. …
Tesla is one of the most famous electric car manufacturers in the world. Moreover, Elon Musk is one of the wealthiest people in the world. This fact once more underlines the importance of this company based in California. Importantly, shares of Tesla plunged on Tuesday, after the S&P 500 Index Committee that decides on new additions …
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