Stock markets across Asia reacted to the news that tariffs imposed by the U.S. were enacted on Sunday. It means that starting from Sunday the U.S. imposed new tariffs on products imported from China. The trade war continues to affect the stock markets in Asia as well as in other regions across the world. This …
The EUR/USD trading pair weakened in last week’s trading after the US economic growth report bolstered the greenback in session. The EUR/USD trading pair went down by 0.11%, or 0.0012 points, hitting levels between $1.1035 and $1.1061 in Friday’s session. The pair gradually declined throughout last week’s trading. The EUR/USD started from $1.1160 on Monday …
On Friday, most of the Asian stock market indexes increased, which is good news. On August 29, the Chinese government official’s comments had a positive impact on most of the stocks. Gao Feng is the spokesperson of China’s Ministry of Commerce. He stated that China was ready for a constructive dialogue. This decision affected the …
Asian stock markets reacted to the news U.S., and China would like to resume the trade talks. On Thursday. The Chinese government made a statement which had a positive on most of the stocks. The spokesperson of China’s Ministry of Commerce Gao Feng said that China was ready to restart the negotiations process. He said …
On Friday, the dispute between two South Korean battery makers worsened. This is after SK Innovation Co Ltd also plans to charge bigger on its rival LG Chem Ltd in the United States. The fine is over the alleged patent breach related to electric vehicles. The projected new lawsuit by SK Innovation illustrated an instant …
SK Innovation Fines LG Chem on EV Battery Dispute Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDPLN The pair is trading up in the charts, with the moving averages 50-day and 200-day continuing the golden cross bullishness. The pair has also traded back up in the trading channel after slumping …
Daily Market Charts and Analysis August 30, 2019 Read More »
Last year, petroleum giant Royal Dutch Shell wanted to buy a stake in Total. It is a promising exploration isolated from South Africa. The asset’s principal shareholder used its right to hinder the deal and collected the share itself. The reason is that Total’s plan was only to sell on Qatar Petroleum. The quick turn …
Petroleum Giants Indulge Qatar with Crown Jewels Read More »
The organizers behind the protests in Hong Kong planned to rally outside the office of Cathay Pacific on Wednesday. Hong Kong-based Cathay Pacific’s shares decline in Asian trading on Wednesday due to rallies against the HK carrier. Cathay Pacific Airways Ltd (0293) went down by 1.75%, or 0.18 points, in yesterday’s trading sessions. Stocks of …
The organizers behind the protests in Hong Kong planned to rally outside the office of Cathay Pacific on Wednesday. The news caused the CPCAY or Cathay Pacific’s stocks to decline in Wednesday’s trading. The CPCAY went down by 0.18% or 0.01 points in sessions. CPCAY shares currently trade at 6.63 US dollars and has reached …
Hong Kong Protesters Rage against Cathay Airways Read More »
Today, Japanese internet company Yahoo! Japan Corporation announced a complete prohibition on ivory trade on all its e-commerce programs. The constraint will be in effect November this year. The news appeared at the 18th Conference of the Parties to the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES CoP18). It …
The Reserve Bank of Australia warned traders about the risks brought by the trade war to the AUD and other currencies. According to the RBA, the Sino-US trade conflict poses significant risks or threats based on their study. Their research suggests that the consumer has gotten more reluctant to spend their money in local shopping …
The Turkish lira fell hard against the greenback in yesterday’s trading. The lira recorded the first flash crash since January 3, 2019. The USD to TRY trading pair went up by 1.04% in yesterday’s session. The pair reached ranges between ₺5.7732 and ₺5.8495. The greenback took advantage of the weakening lira as traders worry about …
On Monday, oil prices were dragged down in Asia. This was due to the persisting announcement of an additional 5% tariff by China on $75 billion of U.S. products. Crude oil is included on the U.S. products that were on the list of tariffs. In revenge, U.S. President Donald Trump indicated he ordered U.S. companies …
Oil Prices Decline as US-China Tariff Conflict Endures Read More »
The Turkish lira had a downward run against the greenback in Monday’s trading sessions. The Turkish currency tumbled by over 1% which the forex market calls a “flash crash.” The fall is caused by the Japanese investors cutting risk assets against the ongoing trade war between the US and China. The USDTRY trading pair went …
US President Donald Trump and Japanese Prime Minister Shinzo Abe’s new trade deal would greatly help US farmers. Tariff-related news have now become more common in the economy category, with more negative news than positive. But just recently, the US president and the Japanese minister agreed to slash off some of Japan’s tariffs on American …
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