Last week on Friday, shares in several Asian countries declined due to the uncertainty connected to trade talks. This news affected the stock markets. Gao Feng is a spokesperson for China’s Commerce Ministry. On Thursday, he said that China and U.S. agreed to scrap the tariffs as part of the “phase one” deal. U.S. official …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. AUDCHF The pair is trading in the red at present, but the current trend it is traversing is notably upwards, after going down in the month of September. The 50-day moving average is also …
Daily Market Charts and Analysis November 11, 2019 Read More »
Stocks and the global economy On Friday, shares in Asia due to the uncertainty connected with U.S-China trade talks. Investors are trying to analyze the recent news which came from the Chinese Commerce Ministry. On November 7, Gao Feng, who is a spokesperson for China’s Commerce Ministry made a statement that helped to boost the …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDJPY The pair is trading on an uptrend, and it recent broke above the 200-day moving average on the daily chart after struggling to move through a key resistance line. Thanks to the ebbing …
Daily Market Charts and Analysis November 08, 2019 Read More »
The global food sector giant, Investcorp, partners with several Chinese entities to buy $500 million worth of food brands. The company announced the plan earlier this Thursday, making headlines in the food and beverage industry. Investcorp will not only lend their funds to Asian food brands, but it will also buy some manufacturing sites in …
Investcorp Invests Billions in Asian Food Sector | Wibest Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. AUDJPY The pair is trading on the higher portion of the chart, with the price coming closer to the 200-day moving average. Movements appear reluctant to continue going up, with candlesticks showing red. Primary …
Daily Market Charts and Analysis November 07, 2019 Read More »
The Dow Jones Industrial Average (DJIA) inched up to a new record. However, Asian stock markets didn’t go with the flow, falling on trade war concerns. The Dow gained 30.52 points, or 0.1%, to 27,492.634, as it tracks blue-chip stocks trading in the green. Meanwhile, the NASDAQ composite gained 1.48 points, or lower …
DJIA Hits Record Highs, Asian Market Falls | WiBestBroker Read More »
As traders get more and more confident over the strength of the Thai baht, its central bank releases more stimulus. Yesterday, the Central Bank of Thailand finally delivered the much-awaited rate slash. On Wednesday, the bank took its policy to an all-time low of 1.25%. The global financial crisis back in 2009 was the last …
The USD to Chinese yuan exchange rate struggles to pick up its pace this Wednesday’s forex sessions. The greenback is pinned down by the yuan’s strength that came from trade war optimism. Yesterday, the USD to Chinese yuan pair climbed to its highest record again in three months as it gained strength from investors. However, …
USD to Chinese Yuan Edges Down Amid Trade War News Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. EURGBP The slipped steeply in the previous session as the prices continue sideways. It trades above and below the current support line, although past data suggests that this could be a downtrend for the …
Daily Market Charts and Analysis November 06, 2019 Read More »
The Republic of India declined to join an Asia Pacific trade pact. Asia’s third-largest economy after China and Japan announced this decision on Monday. This decision, without a doubt, will affect the future of a trade pact. This pact was supposed to form a trading bloc involving countries including China, Japan, and South Korea, etc. …
As an effect of the ravaging African swine fever, China now looks to get more imports from Brazil. Chinese pig exports have continued to cause trouble in Asian countries like the Philippines. Beijing has recently upped its pig imports to fill the void left by the African swine fever in markets. Yesterday, the Brazilian Minister …
Pig Fever Pushes China to Open Offal Markets | Wibest Read More »
One country in the Middle East is interested in the cryptocurrency market. This country is the Kingdom of Bahrain. Digital currencies such as Bitcoin, Ethereum, and others are developing around the world. One of the smallest countries in Asia is willing to develop the local crypto market. Across the region, countries are trying to develop …
Asian stock markets edged higher to hit more than 14-week highs. Investors’ appetite for riskier assets returned on the progress of the trade discussions and positive US jobs report. MSCI’s broadest index of Asia-Pacific shares outside Japan rose by 1.08% to $530.86, reaching its highest level since July 24 and putting it on track for …
Central banks across the globe are on the last stretch this 2019, with each bank having its own goal for inflation. Analysts say that the current monetary policy tactic is “wait and move.” The idea came as banks wait on each other to weigh in their next decision. Just last week, after the US Fed …
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