OIL INVENTORY REPORT – The most recent major auction for oil and gas leases in the US Gulf of Mexico gained $244 million in high bids. This shows an uptick in interest from drillers that are seeking the region’s cheap prices. Companies submitted bids on1.26 million acres out of the 78.5 million acres (31.77 million …
Oil Inventory: Auction for Oil and Gas Lease Sees Uptick Read More »
CURRENCY PAIRS –The dollar gained on Wednesday on safe-haven appeal after reports of further tensions in the US-China trade negotiations. However, gains were capped as investors awaited the Federal Reserve for its policy meeting later in the day. The supposedly negative impact of the Fed’s pausing of interest rate hikes on the dollar has been …
FX Market – Lackluster US economic data weakened the US dollar as it strengthened speculations that the Federal Reserve will cut rates in the year. Meanwhile, the British pound stayed near nine-month highs as market participants hope for a vote in delaying Britain’s exit from the European Union. US manufacturing output slipped 0.4 percent in …
FX Market: Dollar Weakens on Soft US Economic Data Read More »
SHARE MARKET NEWS – Asian stock markets weakened on Wednesday on the pessimistic mood prevailing among markets as the British pound waited for yet another crucial parliamentary vote on Brexit. Sentiment has been dominantly risk-off after British lawmakers trampled Prime Minister Theresa May’s European Union separation deal. The decision compelled the parliament to decide within …
Share Market News: Stocks Tumble on Another Brexit Vote Read More »
TECHNOLOGY ARTICLES – In a move to further expand into the hotel-booking venture to appeal to a wider-variety of travelers, Airbnb has just bought HotelTonight, a hotel-seeking app. This comes ahead of the much-anticipated initial public offering of the home-renting firm. The deal was announced on Thursday, although the company didn’t provide the terms of …
Technology Articles: Airbnb Purchases HotelTonight Read More »
CURRENCY PAIRS – The dollar climbed up to a near-record-high against other majors early on Wednesday thanks to higher US yields and estimate-topping data. The Aussie, on the other hand, plummeted after lackluster economic growth data for the previous quarter. The dollar rose steeply after the unexpectedly positive data on US services industries were released …
BRENT – Brent crude futures slipped on Tuesday as the markets prepared for low demand growth for fuel, with the OPEC-led cuts on production still managing to buoy the market. Brent crude futures traded at $65.36 per barrel in the session, 0.5 percent down from the last session, losing 31 cents. Meanwhile, Us West Texas …
Brent: Oil Prices Slump on Lackluster Demand Outlook Read More »
CURRENCY PAIRS – Hopes over an imminent trade deal between the United States and China that could potentially end a year-long tit-for-tat tariff dispute pushed the yuan and the Australian dollar higher on Monday. Behind such optimism was a report by a reputable news source on Sunday stating that the two countries are nearing a …
Currency Pairs: Yuan, Aussie Rise on Trade Hopes Read More »
ASIAN MARKET – Asian stocks were higher on Friday after index publisher MSCI announcement which said it would increase the weighting of Chinese mainland shares in its benchmarks that measure stock performances globally. Meanwhile, the dollar benefited from robust economic data. The MSCI index said that it would increase four times the weightings of China’s …
Asian Market: Stocks Higher after MSCI Announcement Read More »
European industry leaders and policy chiefs are brushing off calls for a ban on Chinese vendors over data privacy and network security concerns, saying ‘facts not fears’ should guide the decision over the future of telecom networks in Europe. The US has repeatedly alleged that Chinese telecoms giant Huawei Technologies has been spying for Beijing …
Data Privacy: ‘Facts not Fears’ on Security, says Europe Read More »
ASIAN MARKET – Asian stocks experienced a China-led rise on Monday after US President Donald Trump announced that he would delay planned hikes in tariffs on Chinese imports. Negotiations between the two economic superpowers have made “substantial progress,” Trump said. Last Sunday, Trump tweeted announced that he would delay the scheduled tariff hikes supposed to …
Asian Market: China Stocks Rise after Trump Tariff Delay Read More »
According to the latest research, China’s Huawei gains more share of the smartphone market against Samsung and Apple. Consumers turn to Huawei phones since Samsung and Apple’s premium models are with high price. A tech research firm – Gartner release a market data report on Thursday. The report reveals Huawei shares on smartphone market increases …
Huawei gains more against Samsung & Apple’s market as price difference matters Read More »
The dollar struggles on facing its peers today, falling before the Federal Reserve’s (Feds) policy minute talk. However, it manages to gain on the yen when strong investor risk desires to rim the demand of the Japanese money. That makes the U.S. dollar up by 0.2 percent at about 110.83 yen. As the safe-haven currency …
Forex Markets: Dollar grapples ahead Fed minutes while gaining in Yen Read More »
The U.S.-China trade talks are near its ending. Signals point towards a done deal, with China to continue a large run on trade surpluses with the United States. Additionally, it will never affirm Washington’s imposing reforms for its trade industry. The government of China negotiators is firmly tough. For instance, China and Russia arriving on …
Biggest Economies: US-China Trade Deal Resolution is Near Read More »
Traders and investors to expect “best” profit from Asian stocks as negative views subside in the first half of 2019. Mixo Das, Asia equity strategist at J.P. Morgan says, “We’re expecting more upside in the first half … I think the best part of the returns you’ll have in Asian equities will be in the …
WhoIs Best Broker is leading Forex and Economy news Website. We provide you with the latest news and videos straight from the Financial Industry..
