Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDRUB The pair is trading on a descending wedge, with prices going lower in the previous week as they go lower than the 50- and 200-day moving averages. In terms of fundamentals, Russian President …
Daily Market Charts and Analysis October 14, 2019 Read More »
Several years ago, the idea of national cryptocurrency was unimaginable, and only a few crypto analysts would think about this topic. However, digital currency is developing so fast that even governmental organizations are planning to enter the market. One of the examples of how the attitude towards digital currencies is changing comes from China. The …
Russia’s Central Bank and national cryptocurrency Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDBRL The pair has broken out from its downtrend and is not trading sideways. Recently, it converged with the 50-day moving average, falling down but recovering and gaining again. However, the candlesticks show a …
Daily Market Charts and Analysis October 10, 2019 Read More »
The Thai baht currently reigns as the strongest currency in Asia after gaining 7.4% against the greenback just this year. Yesterday, the Bank of Thailand released its September meeting minutes. After the minutes were released, the THB immediately strengthened against the USD, GBP, CNY, and JPY in sessions. The GBP THB trading pair fell 0.18% …
The Thai baht to US dollar exchange rate climb to records high after news from the Bank of Thailand’s September meeting minutes. Worries about economic growth pushed the Bank of Thailand to consider new stimulus measures. According to news, the bank is thinking of ways to rein in the baht to levels last seen six …
The USD to CNY trading pair trades flat in sessions after news from China’s foreign exchange reserve broke out. The looming uncertainties from the US-Sino trade war also prevented the pair from rallying. Beijing’s foreign exchange reserve dropped last month after three consecutive months of gains. According to a regulator, China’s forex reserve drop was …
USD to CNY Trades Flat After Yuan’s Reserve Fell | Wibest Read More »
For the fifth time this year, the Reserve Bank of India announced last Friday that it’s going to cut its repo rate. The repo rate, also known as key lending rate, was slashed by 25 basis points last week. The repo rate was reduced by 5.15%, and overall it declined 135 basis points or 1.35%. …
Reserve Bank of India Slashes Repo Rate | Wibest Read More »
Just as expected, the Reserve Bank of India slashed its repo rate or key lending rate today. The move supported the Indian rupee against the US dollar in today’s trading sessions. The USD INR exchange rate slipped 0.13%, or 0.094 points, trading for ₹70.926 against its last close of ₹71.020. The USD INR pair also …
The EUR/GBP trading pair dropped yesterday after two disappointing data from the Eurozone and Spain caused the euro to fall. The pair appeared to recover midway through the session, however, euro bulls prevailed, causing the pair to dive. The EUR/GBP exchange rate fell 0.58% or 0.0051 points in yesterday’s trading. The EUR/GBP pair extended its …
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 is trading lower in the previous sessions, with the price going lower than the 50-day moving average. Prices have recorded steep declines in the recent week, although the overall trend still …
Daily Market Charts and Analysis October 04, 2019 Read More »
After a series of Eurozone data became available, the EURGBP trading pair slightly inched down in sessions. Data from the Spanish services PMI, Eurozone market composite PMI, and the UK composite PMI prevented the euro to gain. Business growth in the Eurozone in September showed contraction in the region’s manufacturing activity takes its toll on …
One of the main advantages of cryptocurrencies is that it is a decentralized system. It means that central banks are not controlling this industry. As a result, it is hard to track crypto payments. This fact makes the crypto money, more attractive to various companies as well as countries. One of the counties which realized …
Venezuela’s cryptocurrency industry and sanctions Read More »
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 recently plummeted and managed a breakout from the recent uptrend, with the price reaching weekly lows during sessions. The price has converged with the 50-day moving average, but used it …
Daily Market Charts and Analysis October 03, 2019 Read More »
The digital currency market is developing in many countries. It is not a secret that cryptocurrencies offer several advantages in comparison with fiat currencies. However, there are countries that are trying to use crypto money to evade the sanctions. Another problem is the hackers who are engaged in illegal activities. It is important to mention …
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 is trading weakly after reaching weekly highs in the previous sessions. At the same time, intraday record lows have been reached. The price is traded above the 50-day moving average but …
Daily Market Charts and Analysis October 02, 2019 Read More »
WhoIs Best Broker is leading Forex and Economy news Website. We provide you with the latest news and videos straight from the Financial Industry..
