The Chinese central bank announced that it would trim down a portion of deposits in commercial banks earlier this week. This means the required volume of cash in banks in China will diminish, pumping more cash the country’s economy. The move will release billions and billions of dollars in Beijing’s financial system. It will …
Oil petroleum prices jump by almost three percent in today’s trading sessions, thanks to the Middle East conflict. In previous sessions, the trade war between China and the United States drove crude prices in every direction. WTI crude oil or West Texas Intermediate futures jumped 2.80% or 1.71 points this Friday’s trading sessions. WTI …
Oil Petroleum Prices Jump as Middle East Tensions Tighten Read More »
This week was quite a quiet week in the market as traders are off relaxing for the holidays. But some traders are still active, remaining very vigilant of what’s to come in trading sessions. It’s January first, and major markets across the globe are celebrating New Year’s Day today. The United States, Europe, United Kingdom, …
What to Expect in the Market these Coming Trading Sessions? Read More »
Commodities on the market are on the move again thanks to recent news about the US-China trade war. Spot gold prices climb to monthly highs after China criticized the new US interface. The highly volatile metal’s safe-haven appeal is gleaming thanks to the two biggest economies. Aside from that, the holiday sessions – Christmas and …
Spot Gold Prices Rally Ahead of the Holidays | Wibest Read More »
Oil petroleum futures are on their three-month highs today thanks to the progress in the US-China trade deal. Investors are ending their week on a good note as bears fail to drag prices lower. West Texas Intermediate futures or WTI crude oil prices steady today, dipping only by 0.03% or 0.02 points in trading sessions. …
Trade War Progress Helps Keep Oil Petroleum Prices Steady Read More »
Without further details or follow-ups on the US-China trade war, oil and petroleum prices decline this Monday. Prices stopped rallying after. Looking at it, the somewhat ceasefire between the feuding giants is what the American economy needs. However, it wasn’t enough to keep prices rallying as traders seek further clarity on the agreement. WTI crude …
Oil and Petroleum Prices Slip on Absent Agreement Details Read More »
Oil petroleum prices hold their second consecutive gains as Saudi Arabia reinforces hope for deeper cuts. Riyadh wants to give a bright surprise for traders before listing its state-owned oil refinery, Saudi Aramco. WTI crude oil contract rallied 0.43% or 0.24 points this Tuesday’s trading. WTI crude barrels jumped from yesterday’s close of $55.98 to …
Oil Petroleum Holds Gains, Saudi Wants Deeper Cuts Read More »
The upbeat results from the Chinese manufacturing PMI report were not good enough to bolster the yuan in sessions. The yuan had a bad run yesterday against the greenback, aussie, and kiwi. The CNY CNH or yuan to yuan offshore exchange rate flatlined at -0.02% or 0.0002 points on Monday. The greenback was quick to …
Chinese Manufacturing Data Fails to Lift Yuan | Wibest Read More »
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 »
The positive outcome of the Chinese factory growth report accelerated the rally of oil and petroleum prices today. Experts did not expect growth in the manufacturing sector prior thus the surge in prices. Prices finally recovered after a steep fall, 5%, from the last day of November. Bulls took the opening to bounce back after …
Oil and Petroleum Prices Rally from Upbeat Chinese Data Read More »
Oil and petroleum futures contract this Thursday as traders digest the US stockpile buildup report. After gaining for two consecutive days, price hikes finally halted today after the EIA’s report. The Energy Information Agency showed an unexpected increase in the week ending on November 22. The oil inventory report said that US oil stocks rose …
Oil and Petroleum Prices Dragged by Inventory News Read More »
The shortage in pigs supply could send the prices of ham higher this holiday season. According to experts, Christmas hams could soar up as high as 60% next month. This is due to the shortage of pork supplies in the market, thanks to the swine fever outbreak. The affected herd of pigs across Asia and …
Infected Pigs May Lead to High Ham Prices on Holidays Read More »
The global food sector giant, Investcorp, partners with several Chinese entities to buy $500 million worth of food brands. The company announced the plan earlier this Thursday, making headlines in the food and beverage industry. Investcorp will not only lend their funds to Asian food brands, but it will also buy some manufacturing sites in …
Investcorp Invests Billions in Asian Food Sector | Wibest Read More »
As traders get more and more confident over the strength of the Thai baht, its central bank releases more stimulus. Yesterday, the Central Bank of Thailand finally delivered the much-awaited rate slash. On Wednesday, the bank took its policy to an all-time low of 1.25%. The global financial crisis back in 2009 was the last …
The USD to Chinese yuan exchange rate struggles to pick up its pace this Wednesday’s forex sessions. The greenback is pinned down by the yuan’s strength that came from trade war optimism. Yesterday, the USD to Chinese yuan pair climbed to its highest record again in three months as it gained strength from investors. However, …
USD to Chinese Yuan Edges Down Amid Trade War News Read More »
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