As an effect of the ravaging African swine fever, China now looks to get more imports from Brazil. Chinese pig exports have continued to cause trouble in Asian countries like the Philippines. Beijing has recently upped its pig imports to fill the void left by the African swine fever in markets. Yesterday, the Brazilian Minister …
Pig Fever Pushes China to Open Offal Markets | Wibest Read More »
Despite positive news from the United States and Chinese trade war negotiations, oil and petroleum prices declined this Monday. Crude started the week on a rather negative trajectory in trading sessions. West Texas Intermediate or WTI crude oil prices dropped by 0.64% or 0.36 points in today’s trading. WTI crude barrels currently costs around $55.84, …
Oil and Petroleum Prices Start the Week with Losses Read More »
Experts and forex analysts expect the Chinese government and the People’s Bank of China to put the yuan on their priority list. The markets want Beijing to focus more on its monetary policy accommodation. While also looking for more ways to support the CNY. On a panel interview, a group of experts said that Beijing …
The People’s Bank of China or the PBOC continues to skip the reverse repos this Tuesday. Sources say that the decision aims to maintain reasonably sufficient liquidity in the country’s banking system. In an official statement, the central bank of China said that the increase in fiscal expenditures could affect the maturing reverse repos. The …
Bank of China Skips Reverse Repos Again | Wibest Read More »
Oil petroleum futures declined the early Monday trade after negative data from the profits from Chinese industrial companies. Traders first expected crude prices to pick up its pace against positive trade war developments. Chinese industrial companies’ profits fell for the second consecutive month in September according to the latest reports. The country’s producer prices also …
Oil Petroleum Prices Slide Against Chinese Data | Wibest Read More »
Traders have been rejoicing lately as the trade war between the United States and China starts to ease. However, the trading agreement for US farm goods could be derailed by Brazilian soybeans. The Chinese government and firms are clearing their way to have more room for American agricultural products. Unfortunately, there is one factor that …
Brazilian Soy Threat US Farm Exports | Wibest Broker Read More »
Gold and silver prices went down in today’s trading sessions against several geopolitical and economic news. The markets are currently busy taking in the news on the US-China trade war and Brexit negotiations. The US gold contract fell 0.30% or 4.50 points this Friday’s trading. Spot gold prices currently trade for $1,493.80, edging lower from …
Gold and Silver Prices Contract on Geopolitical News Read More »
The EUR to USD exchange rate rallied in yesterday’s trading and the greenback receive mixed results against other currencies. Meanwhile, after being spotted in the gaining side of the trading spectrum, the US dollar index fell in the latter half of the trading. News from the Eurozone and Germany supported the euro in yesterday’s rally. …
The GBP/USD exchange rate went down as pound traders appeared worried about the Brexit divorce on October 31st. The USD was also fighting its way against other currencies while its indices slightly inched up in Wednesday’s trading. The GBP/USD exchange rate went tumbling down as the pound continued to fluctuate from the winning to the …
Grain markets and futures went down in trading sessions following US-China trade war news. Corn, rice, and wheat futures all declined on Wednesday’s trading, while the US soybeans contract steadied. The United States corn futures lost 0.58% or 2.26 points in today’s session. A bushel of corn currently trades for $390.62, sliding lower from its …
The USD to CNY was spotted in the red end of the spectrum yesterday as both currencies strengthened in sessions. The greenback and its indices gained in sessions as trader doubted the authenticity of the first phase of the US-China trade agreement. The Chinese yuan also received a much-needed support from that news. Now, traders …
The USD to CNY exchange rate fell in today’s sessions as the Chinese yuan strengthened. Both currencies gained against their other pairs in Monday’s trading. However, when paired together, the greenback didn’t stand a chance against the yuan as the USD to CNY edged lower. Ideally, traders would expect the yuan to lose after …
USD to CNY Falls Despite Chinese Data | WibestBroker Read More »
Earlier this week, Blizzard sparked an uproar for disqualifying and removing gamer, Ng Wai Chung, known as “Blitzchung”, from the online tournament Hearthstone. The decision was determined after he appeared in an interview sporting a gas mask, revealing his support of the pro-democracy movement in Hong Kong. However, the company’s decision has sparked its employees …
Blizzard Enrages Employees Following Hearthstone Pcgamer Ban Read More »
An organization of food workers filed a lawsuit against the US president’s move towards pig slaughter lines. The United Food and Commercial Workers International Union says that the rule results in more injuries to employees of slaughterhouses. The case is 19-cv-02660 and is in the US District Court in Minnesota. According to the report, …
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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