Chinese yuan increased by 0.1% to 7.087 against the U.S. dollar an offshore trading on Friday. U.S. and Chinese trade representatives discussed the phase one trade deal and came to an agreement, causing the yuan’s jump. The United States declared that both sides expect obligations to be met, while China agreed to improve the atmosphere …
Chinese Yuan gained against U.S. dollar. What about Aussie? Read More »
Cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and others offer a number of advantages in comparison with fiat currencies. Moreover, there is no shortage of crypto-related events not only in the U.S. but around the world. Recently, securities fraud and investment loss attorney David Silver has filed a class-action lawsuit. Interestingly, Silver filed this lawsuit on …
Crypto Conference in Tennessee vs 2,000 Participants Read More »
It was a positive day for stocks across the Asia Pacific region, stocks saw gains ahead of the U.S. employment report for April. Let’s have a look at the Japanese stocks, that led gains among the region’s main markets. The Nikkei 225 added 2.56% to close at 20,179.09 as shares of index heavyweights Fast Retailing …
Stocks in Asia and the U.S. ahead of the Employment Report Read More »
There are many cryptocurrencies around the globe. Moreover, crypto-related events such as conferences, presentations are quite common as crypto step-by-step became part of the modern world. However, people should be careful when it comes to purchasing the tickets of any event, and the crypto conference is not an exception. On May 7, securities fraud and …
Massive Adoption Crypto Conference and Class-Action Lawsuit Read More »
The U.S. currency struggled on Friday. The dollar’s index fell by 0.1% at 99.758 against a basket of six other major currencies. According to Ebrahim Rahbari, the chief G10 FX strategist at Citi, the possibility of negative interest rates is slightly bearish for the dollar, given limited market pricing to date, as well as ongoing …
U.S. dollar lowered while Euro and Sterling soared on Friday Read More »
Oil prices dropped on Thursday. WTI futures fell 44 cents to close at US$23.55 a barrel. Brent for July contract lost 26 cents to fix at US$29.46 a barrel. Even though Saudi Aramco raised rates, the market remains overflooded after Saudi Arabia exported record amounts of crude oil in April. According to Standard Chartered Plc …
Oil prices dropped – the market remains oversupplied Read More »
The state of the British economy was far from being ideal, even before the coronavirus pandemic. However, the U.K. economy is moving towards its worst crash in more than 300 years, more precisely since 1706. This information comes from the Bank of England. According to a new forecast from the Bank of England, the British …
Clearview AI, the controversial facial recognition provider, will no longer sell its app to private companies and non-law enforcement entities. This is according to a legal filing first reported on Thursday. It will also be terminating all its contracts. This is regardless of whether the contracts are for law enforcement purposes or not, in the …
Clearview AI Stops Sale of Facial Recognition App Read More »
The Japanese yen declined slightly from a near seven-week high against the dollar on Thursday. Investors’ demand for the safe-haven yen reduced due to the optimistic reports about China. Chinese exports soared by 3.5% despite expectations of a 15.7% drop. As a result, the Chinese yuan and the Australian dollar rose. The Aussie gained 0.8% …
Japanese Yen fell due to an Optimistic Forecast about China Read More »
The coronavirus pandemic became the main topic of discussion among authorities, healthcare professionals, scientists as well as the owners of companies. It is possible to continue the list as the pandemic affected the vast majority of private and governmental organizations. It is not surprising that investors are closely monitoring the situation regarding the stocks. Importantly, …
Stocks: Beyond Meat, Slack, and Zoom are Thriving Read More »
India is home to more than 1.3 billion people and has one of the largest economies not only in Asia but around the world. However, it will take time to develop the local crypto industry. WazirX is one of the most famous local crypto exchanges in India. Interestingly, in March as well as April, the …
Crypto Exchanges, Coronavirus Pandemic, and India Read More »
Investors are closely watching the situation as they want to learn more about the Covid-19’s impact on the global economy. Interestingly, several of last year’s 159 initial public offerings (IPO), including highly volatile stocks such as Slack, Beyond Meat, and Zoom rose in 2020. Let’s have look at some of them to learn more why …
Weekly data on the US economy hasn’t been positive. The depth of the coronavirus crisis influences the country’s economy. In the previous session, gold prices declined by 1%. Today, they faced an increase. The price of an ounce of gold rose 0.33 percent to $1,691 and 35 cents in live trading today. Gold for delivery …
Gold prices rise on new rounds of US unemployment data Read More »
India has a lucrative market. It is not surprising that local as well as foreign investors are willing to invest in India. The cryptocurrency exchange dubbed BitPolo went live on May 6. This new fiat-crypto exchange was founded in March. Importantly, in March 2020 the country’s Supreme Court ruled against the central bank’s moratorium on …
New Fiat-Crypto Exchange BitPolo and Veteran Exchange WazirX Read More »
The Euro climbed up slightly after three days of selling on Thursday. It rose to $1.0808, near to the week-and-a-half lows hit a day earlier around $1.0782. Euro has lost more than 1.5% this week. Traders are cautious as a German court ruling is scheduled this week. The European Central Bank’s stimulus scheme partially depends …
Euro slightly recovered while Sterling hit high on Thursday Read More »
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