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 …
Digital coins exchange Gemini has confirmed their latest move. They have also announced their plans to launch an exchange in Australia. The Winklevoss twins’ digital coin Gemini is expanding to Australia. It means residents of the country can use the platform. Gemini is allowing residents to buy, sell, and store cryptocurrencies. According to news reports on August …
NZDCAD The pair traded within a channel in the past months, overall pursuing a downtrend as the Canadian dollar gathers strength from the perking up in oil prices. On the NZD side, the bank has implemented aggressive rate cuts in recent weeks. According to the central bank’s assistant governor, such aggressive moves decreased the need …
USDPLN The pair was expected to move higher in the following days after it found a strong support line. Poland was sliding back from the European Union despite the efforts by the new European Commission President, Ursula von der Leyen, to unite the EU-member states. Poland supports the proposal by the Ukrainian President Volodymyr Zelensky …
In news reports, Facebook Inc’s messaging service WhatsApp is supposedly in discussions with multiple Indonesian digital payment firms. The talk comprises of the company to be offering their mobile transaction service. It is a move to tap the nation’s fast-growing e-commerce sector, according to sources. Indonesia could have become the second country worldwide where WhatsApp …
WhatsApp Discusses Mobile Payment Kickoff in Indonesia Read More »
On Tuesday, petroleum products’ prices curved in slightly. It was after the prior surge, as the pause of news on the U.S.-China trade front kept big moves in check. Meanwhile, markets also prepared for weekly data on U.S. crude inventories. New York-traded West Texas Intermediate crude futures plunged 9 cents, or 0.2%, to $56.05 a barrel. Brent crude futures, …
Petroleum Products Downtrends Ahead of Crude Inventories Read More »
Asian stock markets increased on Tuesday. Such as China’s Shanghai Composite Index (SHCOMP) rose by 0.2%. On Monday, Shanghai’s Composite Index increased by 2.1%. Another Asian index, which is Hong Kong’s Seng Index (HSI), rose by 0.2% on August 20. It is worth mentioning on Monday Seng Index increased by 2.2%, which is the best …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. GBPCHF The pair has been trading lower in recent weeks, with the British pound losing strength against the safe haven Swiss franc in the past months but now appearing to point upwards after reaching …
Daily Market Charts and Analysis August 20, 2019 Read More »
In the first half of this year, Chinese financial institutions provided at least $1 billion in “green” financing to coal-related projects as a review of financial data showed. It goes with fossil fuels, as they play a major role in Beijing’s energy strategy. Wind, a Shanghai-based financial data provider, said 7.4 billion yuan in the …
Chinese Institutions Fund for “Green” Finance Project Read More »
AUDCAD The pair continues a downward trend as it stays inside the parallel channel established in April. The 50-day moving average is going further away from the 200-day moving average, pursuing a downward slope and therefore indicating bearish sentiment in the short term. The Aussie dollar continues to gain bias on the upside as the …
USDCAD The pair is expected to breakout from 200 MA, which will send the pair higher towards the nearest resistance line. Canada’s ethics commissioner released a report that found Canadian Prime Minister Justine Trudeau violated ethics rules when he tries to pressure his former justice minister and attorney general to drop criminal charges against a …
Japan’s currency receives much attention from traders as the possibility of a global recession looms. The Japanese yen gained strength as traders focus on safe haven assets. The recent news about the United States Treasury yields bolstered the yen in past trading sessions. Analysts are blaming the prolonged trade war between US and China for …
Previously, Terra added another partner to its payment provider alliance. The Singapore-based, South Korean-focused blockchain provider and stable coin issuer has settled to work with Bugs. The new provider is a South Korean music streaming service. Bugs is the latest addition to the Terra Alliance, a group of ecommerce companies for which Terra provides payment services. …
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