Oil petroleum prices halt their upward momentum this Wednesday thanks to the rising US crude stockpiles. But despite today’s contraction, futures are still expected to continue climbing in coming sessions thanks to strong US economic reports. Aside from those fundamentals, prices are also still affected by the ongoing US-China ceasefire. Traders are moving cautiously due …
Stockpiles Rise, Oil Petroleum Pauses Rally | Wibest Read More »
On December 17, mainland Chinese stocks strengthened their positions. The Shanghai Composite jumped 1.27% to close at 3,022.42. Meanwhile, the Shenzhen composite gained 1.30% to 1,708.41. Let have a look at the Shenzhen component; its index increased by 1.45% to 10,306.03. In Hong Kong, the Hang Seng Index added 1.06% during its final hour of …
John McAfee founded one of the most popular anti-virus company, McAfee Associates, in 1987. He left the company in 1994. McAfee is also a famous crypto supporter; his several comments about Bitcoin remains popular to this day. Recently, he announced that he would stop doing the crypto promotions. In a series of tweets beginning on …
The Australian money collapses in forex trading yesterday following the alarming tone of the RBA on its meeting minutes. The Reserve Bank of Australia released its official minutes earlier this week, Monday, which worried investors about the country’s economy. In its latest monetary policy meeting this month, the reserve bank spared AUD traders and opted …
Australian Money Crumbles, RBA Hints February Easing Read More »
European stocks declined on Thursday. The worldwide rally connected with a “phase one” trade deal was not enough to boost the stocks. Pan-European Stoxx 600 fell by 0.5%. Household goods declined by 1,9%. Meanwhile, oil and gas stocks gained 0.6%. It is worth mentioning that on Monday, the Stoxx 600 index reached an all-time high …
Famous crypto advocate John McAfee made a statement connected with crypto promotions. In a series of tweets beginning on December 14, McAfee said he would no longer take part in crypto promotions. It means that he will stop doing crypto promotions. McAfee used his Twitter account to explain his position. According to his Twits, he …
Marketplace sellers can no longer use FedEx Ground or Home shipping services for Amazon Prime. They can use the comparably expensive FedEx Express instead. The cutoff affects small business owners who use the cheaper delivery service while still qualifying for Prime. While the overall impact on the delivery’s business is “minuscule,” the company claims the …
After traders digested the information on the RBA’s meeting minutes, the Australian money immediately contracted in sessions. But prior to today’s mess up, the Aussie was benefiting from trade war pessimism. Aside from that, the lackluster figures from the Australian economy are making it hard for the Aussie to stay firm. Yesterday, the Australian Bureau …
RBA Leaves Room for February Cuts, Australian Money Slips Read More »
The U.S and China are leaders when it comes to the economy. The U.S. has the largest economy, followed by China. The prolonged trade wat, which dates to 2018, created numerous problems for the economy in respective countries as well as around the world. Hopefully, last week the U.S. and China announced a “Phase one” …
The tensions in the Middle East and the world of crude oil doesn’t only span to Iran and the Persian Gulf. Just recently, a Turkish military drone headed to Northern Cyprus as tensions for gas exploration heightens. With that move, Turkey has pulled the tension strings in the eastern Mediterranean tighter. The unmanned aircraft was …
Turkish Drone Flies to Cyprus, Gas Tension Escalates Read More »
Last week, the U.S. and China reached a long-awaited agreement regarding the “Phase one” trade deal. This news as well the information connected with China’s industrial output and retail sales, helped to boost Chinese stocks. On Sunday, U.S. Trade Representative Robert Lighthizer commented on the U.S.-China trade deal. According to Lighthizer, as a result of …
Yesterday, the eastern and central currencies from Europe crushed the euro, taking advantage of the weak Eurozone and German data. Aside from that, the pound currency continued to bask in the glory of the recently concluded UK elections last week. Yesterday, surprise contractions in French, German, Italian, and Eurozone pressured the single currency. What damaged …
The Euro Sinks and the Pound Currency Maintains Gains Read More »
It is no secret that Bitcoin is the oldest and biggest cryptocurrency on the market. It is worth mentioning that Bitcoin’s price doubled over the last 12 months. Nevertheless, Bitcoin must deal with a lot of problems. One of the most serious challenges is to convince authorities around the world. Problems connected with Libra showed …
On December 16, mainland Chinese stocks increased thanks to the country’s industrial output and retail sales. Both surpassed market expectations. The Shanghai Composite added 0.56% to 2,984.39 at the close on Monday afternoon. Meanwhile, the Shenzhen component rose by 1.54% to 10,158.24. The Shenzhen composite rose 1.56% to 1,686.41. It is worth mentioning that Shenzhen’s …
The unnamed, best Samsung phone yet is set to release in February 2020, but some fans are unwilling to wait. Rumors are already starting to spread. In a photo revealed on Twitter, Samsung Galaxy S11+ has a rear camera similar to the Galaxy Note 10 Plus. With three cameras in a vertical design, fans expect …
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