The Chinese yuan dives this Monday after the People’s Bank of China (PBOC) decides to skip its repo rate cut earlier. Aside from that, the significant rebound in the country’s manufacturing activity wasn’t enough to bolster the currency in sessions. The PBOC said that there is still enough liquidity in the country’s banking system, so …
Chinese Yuan Plunges, No Repos and Factory PMI Bounces Read More »
LIBERTEX REVIEW CONTENT General information Regulations Awards Trading accounts Assets Trading platform Trading conditions Bonuses and promotions Withdrawal options Payment methods Education and research Trading experience Customer support Conclusion BROKER REVIEW: LIBERTEX GENERAL INFORMATION Libertex has been leading the financial market industry since 1997. The company is currently serving more than 2.2 million clients from …
After a bearish reversal against the greenback last week, the pound currency finally rebounds today. The sterling’s strength comes in against fresh UK election news that supports traders in sessions. Last week, the pound was driven down by the upsetting UK PMI data. The UK Services PMI fell to its 40-month low this month, disappointing …
Pound Currency Rebounds After Consecutive Losses | Wibest Read More »
The Australian money managed to recover yesterday after the November meeting minutes of the Reserve Bank of Australia was released. The greenback failed to hold on to its gains against the Aussie in the latter half of the session. Initially, the AUD went tumbling down against the US dollar and other major currencies in Tuesday’s …
Aussie Recovers, Reserve Bank of Australia Close to Rate Cut Read More »
The Reserve Bank of Australia sent the AUD lower in today’s sessions after the meeting’s minutes spilled some tea. According to the RBA’s report, it was leaning closer to reduce rates in its November meeting but opted otherwise. The RBA came closer than what the market initially predicted but eventually settled with a wait-and-move approach. …
Reserve Bank of Australia Considered Rate Cuts | Wibest Read More »
The NZD/USD pair jumped beyond 1% in today’s trading after the Reserve Bank of New Zealand surprised the market. In a bold move, the RBNZ announced earlier today that it will hold on to current rates. The kiwi immediately surged against the greenback and other currencies following the RNZD statement. Traders were caught off guard …
The marginal improvements in the country’s economic performance paved the way for RBA to hold on to current interest rates. The interest rate decision of the Reserve Bank of Australia then allowed the Australian money to gain yesterday. AUD traders felt a sigh of relief as expectations for the RBA to not cut rates come …
Marginal Improvements Supports Australian Money | Wibest Read More »
The Australian money gained altitude against other currencies after the RBA announced its decision earlier today. The Reserve Bank of Australia or RBA decided to hold on to its current cash rates. The central bank’s official interest rate will continue to stand at 0.75% after today’s meeting. RBA governor Philip Lowe said that the main …
Australian Money Gains After RBA Decision | Wibest Read More »
Facebook is one of the best-known social media networks in the world. However, the ambitions of Facebook are not constrained to social media. Several months ago, more precisely, in June 2019 Facebook officially presented its digital currency called Libra. There are numerous cryptocurrencies; nevertheless, Facebook decided to enter the digital currency market. In the beginning, …
Mark Zuckerberg is the CEO of one of the most popular social media networks in the world. Customers are using Facebook even in remote areas. This network helped Zuckerberg to join the list of the wealthiest people. However, it is not the only major project associated with Zuckerberg or Facebook. The information about the upcoming …
The Japan yen fought a good fight last week’s Friday, but that doesn’t mean it gained altitude. On the contrary, it, unfortunately, fell against other currencies. JPY traders didn’t expect that the Japan yen contract will gain despite its fall against other currencies in forex sessions. News from the Japanese consumer inflation rate weighed in …
The Japan yen struggles to hold on to its ground in today’s sessions as other currencies gained altitude against it. Meanwhile, the yen’s futures rose this Friday’s trading despite inflation slowing down. The USD JPY trading pair inches slightly down by 0.03% or 0.03 points in sessions. The pair currently trades for ¥108.62 a tad …
Japan Yen Struggles to Hold on to its Gains | Wibest Read More »
The Australian money and its futures jump in yesterday’s trading after the positive data from the Australian unemployment rate. The upbeat note of the data lessened the worries about another rate cut from the RBA in the coming sessions. The Australian dollar contract gained 0.93%, or 0.0063 points, in yesterday’s trading after the news was …
The Australian money or AUD is performing well in today’s trading as the unemployment rate in the country dips. Aussie traders have been closely watching the September labor market report of the country that could lead the RBA to cut rates again. The Australian unemployment rate went down by 5.2% last month. The outcome did …
Australian Money Jumps After Jobless Data | Wibest Read More »
The USD to CNY exchange rate failed to gain some altitude in yesterday’s trading after news about the Yuan’s reserve. Yesterday, China’s foreign exchange reserve dropped way past experts’ expectations. The news strengthened the yuan in sessions. Despite the boost from the news, the yuan still failed to take down the US dollar in …
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