Last week, the Lebanese central bank turned heads after its governor said “nobody knows” how low it would deplete against the dollar. The economic and political crisis of the country is weighing in pressure on the pound’s currency peg. Lebanon continues to grapple as its market suffers from the economic crisis that has spanned for …
The Lebanese Pound and the Black Market | Wibest Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDZAR The pair is slipping to the lower parts of the daily chart, declining largely as the dollar weakens on trade news. The 50-day moving average is also poised to cross below the 200-day …
Daily Market Charts and Analysis December 30, 2019 Read More »
Yesterday, the Lebanese central bank head, Riad Salameh, commented about the crisis faced by the pound in the black market. According to Salameh, “nobody knows” how much the dollar could rise against the pound on the black market. The extremely serious situation continues to escalate, adding more pressure on the currency. The turbulence in Lebanon’s …
Lebanese Central Bank Governor Addresses the Pound Read More »
U.S. President Donald Trump likes how his presidency supported the stock market. The data from the Bespoke Investment Group supports his opinion about the stocks. For example, the S&P 500 returned more than 50% since Trump became the president in 2017. It is worth mentioning; this number is more than double the 23% average market …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDSGD The pair has been trading in thin volumes as the market enters the holiday, barely moving, although it could be expected to move largely after the Christmas holiday. The 50-day and 200-day moving …
Daily Market Charts and Analysis December 26, 2019 Read More »
International Monetary Fund (IMF) released its annual review of India’s economy. India has one of the largest economies in the world. This annual review helps to learn more about India and its economy. According to the IMF, India’s government should work harder to reverse the economic slowdown. It is worth mentioning that India’s economy is …
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 been sliding for five consecutive sessions, falling from its December 16 highs and breaking below the 50-day moving average, which could be used by the bulls to prop the royal …
Daily Market Charts and Analysis December 24, 2019 Read More »
The Thai baht steadies the US dollar this Monday thanks to the drop in the country’s export reported yesterday. The currency is pushing its luck to end the year with substantial gains against the greenback in sessions. The USD THB exchange rate flatlined and only slipped by 0.02% or 0.005 points in today’s trading. However, …
Thai Baht Steadies Against the Buck as Exports Drop Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDNOK The pair is trading in the green in the latest trading session perking up after sliding sharply in the previous session and slipping far below the 50-day moving average. Over in Norway, the …
Daily Market Charts and Analysis December 23, 2019 Read More »
Cryptocurrencies offer a number of advantages in comparison with fiat currencies. One of the most important is that crypto money is not under the control of any central bank in the world. This and other factors made cryptocurrencies popular around the globe. One politician from Russia and his non-governmental organization benefited from this industry. …
On Thursday, stocks were mixed in Europe. Investors tried to digest the economic data as well as interest rate decisions from central banks. Moreover, the news that U.S. Congress voted to impeach President Donald Trump was not enough as markets showed a minimal reaction. On December 19, the Pan-European Stoxx 600 was mostly flat during …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. NZDUSD The pair has trading in the green in the previous trading session after slipping previously near the 200-day moving average. The New Zealand got back up from the weaker trading level after the …
Daily Market Charts and Analysis December 19, 2019 Read More »
Crypto regulations remain one of the most debated topics due to sensitivity. Due to a lack of regulations, politicians around the world are skeptical regarding the future of cryptocurrencies. For instance, U.S. President Donald Trump is one of them. In this situation, it is important to create regulations that will be acceptable for the crypto …
In less than one month Fifth Anti-Money Laundering Directive (5AML) will change the rules for the cryptocurrency companies. Starting from January 10, new anti-money laundering regulations will address crypto-related companies for the first time. It is important to mention that for the first time, the rules provide a definition of the virtual currency. According to …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. EURSEK The pair is trading in the green in the previous two sessions, with the 50-day moving average going south and appearing ready to cross below the 200-day moving average, indicating increasingly bearish sentiment …
Daily Market Charts and Analysis December 18, 2019 Read More »
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