The Australian dollar was low for some time now, due to the stall in the domestic economy. But it rose from 0.5% to $0.6879 after a nine-month low. Uphill was caused by the jobs data, which showed a surprise drop in unemployment. After a while, the Aussie settled back to $0.6866. Nevertheless, according to the …
Australian Dollar Hits High Along the Yen; Yuan Drops Down Read More »
The interest in Digital Currencies is increasing not only among private organizations but governmental organizations as well. Central banks in Europe and elsewhere are creating special groups to explore this emerging technology. Last year, the central bank of Thailand announced the decision to launch its digital currency project. Another Asian country also plans to unveil …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. EURHUF The pair will go up in the following days after it broke out from MAs 200 and 50’s trading range. European Central Bank (ECB) President Christine Lagarde is due to speak today regarding …
Daily Market Charts and Analysis January 23, 2020 Read More »
Central banks of Canada, Switzerland, Sweden, the U.K., and Japan along with the European Central Bank and BIS, formed a working group. The Bank of International settlements (BIS) is an international financial institution owned by central banks. The purpose of this working group is to learn more about central bank digital currencies (CBDC) and to …
Blockchain projects are becoming more popular as thanks to this technology; life will become easier for millions of Turkish citizens. One city in Turkey plans to use Crypto and Blockchain solutions for public services. The city of Konya is home to 2.4 million people; it is one of the biggest cities in Turkey. It won’t …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDCNH The pair will retest the resistance line prior to the bearish crossover between MAs 50 and 200. The appeal for the US dollar is back following the signing of the US-China phase one …
Daily Market Charts and Analysis January 21, 2020 Read More »
The stock market plays a very important role as it is one of the indicators when it comes to the company’s future etc. The pan-European Stoxx 600 fell 0.1% during afternoon trade, with household goods declining 0.9%. The French CAC 40 index declined 0.31% or 18.70 points to 6082.02. Another European index, the UK’s FTSE …
On Monday, most of the stocks in Asia increased, and several factors affected the stock markets. Mainland Chinese stocks have a good day as the Shanghai composite rose 0.66% to about 3,095.79. At the same time, the Shenzhen composite added 1.311% to around 1,289.96. The Shenzhen component added 1.47% to 11,115.88. In Hong Kong, the …
The crypto market is constantly developing, and it takes time to learn more about the latest developments. However, crypto adaption is not an easy task and some people are skeptical regarding the future of Bitcoin and other cryptocurrencies. People often use a specific argument against Bitcoin. According to this argument, something better will replace Bitcoin. …
The dollar was robust on the currency markets on Monday after US economic data signaled a strengthening across the economy. Such strengthening might mean the US Federal Reserve will not have to cut key interest rates. The buck was near a one-week high against the euro at $1.1096. Against the Japanese yen, it was trading …
Currency Markets Mixed on Economic Outlook | WibestBroker Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. GBPAUD The pair has been trading within tight ranges in the previous sessions, trading near the 50-day moving average and indicating that bulls and bears are reluctant to take the pair higher or lower. …
Daily Market Charts and Analysis January 20, 2020 Read More »
One of the major arguments against the Bitcoin is that at one point, something better will replace the Bitcoin. Currently, it is the biggest cryptocurrency in terms of market capitalization. Moreover, there is a more specific version of this argument. According to this version, a new digital currency owned by a government or corporation will …
Central Bank-Issued Cryptocurrencies vs. Bitcoin Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDHKD The pair is trading with very minimal volume in recent sessions. The 50-day moving average is heading steeply downward, indicating prevalent bearish sentiment for the pair. Over in Hong Kong, the latest protests …
Daily Market Charts and Analysis January 17, 2020 Read More »
The dollar did not move much in the fx market early on Thursday. Traders were calm after the signing of the US-China phase one trade deal. The euro was at $1.1155 against the dollar, or 0.1% higher. Over in the United Kingdom, the pound was at $1.3046, or 0.1% higher. Against the yen, the dollar …
The Republic of India has the potential to play a significant role when it comes to developing emerging technologies such as crypto. However, companies that would like to enter this business should be careful as the local crypto climate is quite complicated for a number of reasons. Crypto exchange WazirX had to transform its business …
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