LiteForex Brings Back ZERO Fee Program
Liteforex, an online forex broker that was established in 2005, is bringing back its reimbursement program. Read here!
News
Trump Expects to Slap Higher Tariffs on Chinese Goods
US President Donald Trump said on Monday that he is expected to go ahead with slapping China with higher tariffs on $200 billion in Chinese imports from the current 10 percent to 25 percent. He also repeated his warning to impose tariffs on all of the remaining imports from China, the world’s second largest economy. …
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Greenback Steady on Trump’s Comments on Trade War
The greenback was steady on Tuesday as fresh concerns about the US-China trade war buoyed safe haven currencies. Read more!
British PM to Address Lawmakers on Brexit Vote
British Prime Minister Theresa May will tell lawmakers on Monday that they face a stark choice. Read more here!
Oil Prices Recoup Losses after Massive Plunge
Oil prices on Monday pared back some of their losses from a nearly 8 percent plunge during the previous session. Read more here!
Asian Stock Markets, US Futures Higher Over Holiday Sales
Asian stock markets and US equity futures posted decent gains on Monday over the hopes of a solid US holiday sales. Read more here!
Dollar Rallies on Risk-Averse Global Sentiment
The dollar experienced massive gains as investors flocked the world’s most liquid currency on fears of a slowdown in global economic growth. Read more here!
IBM Shares Slide on Cloud Merger
IBM Corp’s $34 billion deal to acquire Red Hat Inc. drove shares in the small but fast growing software maker 50 percent higher on Monday, reflecting the huge premium IBM is paying to ward off any potential challenger bids. At $175, the shares of Red Hat were still trading around $15 short of the $190 …
Asian Shares, US Equities Trade in the Red
Anxiety about China’s sluggish economy growth spill across Asian markets on Monday while US stock futures turning down and Chinese shares lingering in the red as concerns about US corporate earnings and global growth continued to pull down sentiment. E-mini futures for the S&P 500 and Dow e-minis slipped around 0.3 percent each, giving up …
World Stock Markets Tense after Gloom in Asian Trading
Friday was still markedly turbulent for world markets as economic news focused of the slide on Asian shares to 20-month lows. Meanwhile, S&P futures fell steeply and China’s yuan weakened. Anticipation for corporate profits also added to the lingering fears toward global trade and economic growth. In a sign of shaky investor confidence, the gloom …
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Euro Slides on German Chancellor News
The euro weakened on Monday after a report said that German Chancellor Angela Merkel will not seek re-election as party chairwoman, marking the end of a 13-year era in which she has dominated European politics. [img desc: Angela Merkel announces she wouldn’t seek re-election] The euro slipped 0.4 percent to reach a day’s low …
Dollar Goes Up Against other Currencies on Bullish Data
The dollar edged higher against a basket of its key rivals on Monday, not far from a 10-week high following that data that showed US economic growth slowed less than expected and as global risk sentiment stayed fragile. The US currency has found support recently on the safe-haven buying as the investors’ demand for riskier …
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US Dollar Nears 10-Week Highs Ahead of US Growth Report
The dollar was near a 10-week high on Friday as investors anticipated the US economic growth figures’ impact on its continuing strength that has been going on for months in the forex world. US President Trump has been outspoken about his displeasure over the dollar’s strength, deviating from a custom in which US presidents try …
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China-Based US Firms Plans to Relocate, Survey Says
Over 70 percent of US companies that have operations in southern China are planning of delaying further investments in there and moving some or all of their manufacturing to other countries as the trade war starts to bite into profits, according to a business survey data shown on Monday. [img desc: US Firms in China …
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Japan to Retain Policy, Centers on 10-Year Yield Range
The Bank of Japan retain its policy settings at its meeting this week, according to economists in a poll, amid stronger speculation that the BOJ will eventually use greater flexibility in yield movements as a tightening measure. [img desc: Bank of Japan Maintains Policy Stance, Centers on 10-Year Yield Range] All 46 analysts that were …
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