A new trend has recently appeared in the brokerage world. The traders have started broadening their horizons and creating new partnerships with global sports representatives. CMC Markets has not fallen behind the trend. The company made a progressive and important step to expand its marketing reach. Recently, CMC Markets announced that it had formed a …
New Sports Sponsorship Opportunities for CMC Markets Read More »
The Thai baht currently reigns as the strongest currency in Asia after gaining 7.4% against the greenback just this year. Yesterday, the Bank of Thailand released its September meeting minutes. After the minutes were released, the THB immediately strengthened against the USD, GBP, CNY, and JPY in sessions. The GBP THB trading pair fell 0.18% …
The Asian market slid yesterday on various news in the region and overseas. Among the top sources of bearishness was the worsening dispute between the US and China. The trade war shows no significant sign of letting up. MSCI’s broadest index of Asia Pacific shares ex-Japan lost 0.61%. Shares in China lost …
Asian Market Dips on Various News | WibestBroker Read More »
Singapore is a small country in Southeast Asia. Moreover, it is one of the smallest countries in the world. The area in which Singapore occupies is 721.1 square kilometers. This country situated on the islands next to Malaysia became independent in 1965. In several decades this small and developing country became the global business hub. …
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The Thai baht to US dollar exchange rate climb to records high after news from the Bank of Thailand’s September meeting minutes. Worries about economic growth pushed the Bank of Thailand to consider new stimulus measures. According to news, the bank is thinking of ways to rein in the baht to levels last seen six …
The USD to CNY trading pair trades flat in sessions after news from China’s foreign exchange reserve broke out. The looming uncertainties from the US-Sino trade war also prevented the pair from rallying. Beijing’s foreign exchange reserve dropped last month after three consecutive months of gains. According to a regulator, China’s forex reserve drop was …
USD to CNY Trades Flat After Yuan’s Reserve Fell | Wibest Read More »
For the fifth time this year, the Reserve Bank of India announced last Friday that it’s going to cut its repo rate. The repo rate, also known as key lending rate, was slashed by 25 basis points last week. The repo rate was reduced by 5.15%, and overall it declined 135 basis points or 1.35%. …
Reserve Bank of India Slashes Repo Rate | Wibest Read More »
Just as expected, the Reserve Bank of India slashed its repo rate or key lending rate today. The move supported the Indian rupee against the US dollar in today’s trading sessions. The USD INR exchange rate slipped 0.13%, or 0.094 points, trading for ₹70.926 against its last close of ₹71.020. The USD INR pair also …
Stock exchanges in the US jittered yesterday after signs of recession threatened to push Wall Street into correction territory. Earlier, the Asian market floundered as traders reacted to news that the US will impose more tariffs on European products. The US said it would impose 10% tariffs on Airbus planes. Yet, Airbus stocks rose 3.5% …
Stock Exchanges Jitter of Recession Fears | WibestBroker Read More »
The Asian market tumbled on Thursday after the United States announced new import tariffs on European Union products. Hong Kong, on the other hand, moved in the opposite direction. MSCI’s broadest index for Asian shares ex-Japan lost 0.60%. Japan’s Nikkei index ended the session with a 2.00% loss. It was its biggest decline since August …
Asian Market Dips, HK Bucks Trend | WibestBroker Read More »
One of the main advantages of cryptocurrencies is that it is a decentralized system. It means that central banks are not controlling this industry. As a result, it is hard to track crypto payments. This fact makes the crypto money, more attractive to various companies as well as countries. One of the counties which realized …
Venezuela’s cryptocurrency industry and sanctions Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. GBPUSD The pair has recently plummeted and managed a breakout from the recent uptrend, with the price reaching weekly lows during sessions. The price has converged with the 50-day moving average, but used it …
Daily Market Charts and Analysis October 03, 2019 Read More »
Malaysia Competition Commission (MyCC) is the third out of 8 competition regulators to propose a penalty against Grab for “anti-competitiveness.” Complaints about the company accused them of prohibiting its drivers from advertising and promoting similar services. The organization claims that this does not just affect their competitors, but for consumers long term as well. MyCC …
MyCC Proposes Penalty for Grab Violation | Wibest Read More »
Recently, a Swiss online bank has found out about a fraudulent company that has been manipulating naïve users and scamming them for money. Dukascopy is a well-known Swiss online bank. Mostly, it specializes in online and web trading, like mobile dealings, financial services, security, and banking. The company takes pride in its high-quality financial services. …
Russian Scam Clone Uses Swiss Bank Brand to scam users Read More »
The digital currency market is developing in many countries. It is not a secret that cryptocurrencies offer several advantages in comparison with fiat currencies. However, there are countries that are trying to use crypto money to evade the sanctions. Another problem is the hackers who are engaged in illegal activities. It is important to mention …
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