With December 15 just right around the corner, the effect of the upbeat USA jobs report fades immediately. Yesterday, the greenback sunk after just rising last Friday’s trading. Traders were concerned about Trump’s persistence to add more tariffs to Chinese goods. The markets’ worried about the sanctions instead of basking in the good NFP results …
Trade War Woes Outweigh USA Jobs Report, USD Sinks Read More »
The Republic of Georgia is one of the largest cryptocurrency producers in the world. Currently, it is among the top five crypto mining producers. Moreover, Bitfury, which is one of the biggest Bitcoin mining companies in the world, is located in Georgia. Georgia became one of the leaders thanks to cheap electricity generated by hydropower …
On Monday, stocks in Asia increased despite China’s exports, which failed to meet the expectations. According to the country’s customs data, exports declined in November. Moreover, it was the fourth consecutive month of negative results. Mainland Chinese stocks barely changed, but the overall situation was quite positive. The Shanghai composite rose to around 2,914.48. At …
Last week, the regularly scheduled Non-Farm Payroll showed impressive figures in USA jobs. The greenback and its indices immediately jumped following the positive news. However, as of today, Monday, the upbeat data has started to wear off and traders are focusing more on trade war news. The US dollar index, or DXY, slipped by 0.07% …
USA Jobs Data Wears Off, USD Starts to Slip | Wibest Read More »
The World Trade Organization is an intergovernmental organization and its history dates back to 1995. Its purpose is to deal with issues connected with international trade between countries. Also, it is an interesting fact that as part of the Marrakesh Agreement, it replaced the General Agreement on Tariffs and Trade. One of the most important …
Last week during the OPEC meeting in Vienna, Riyadh’s Energy Minister defended the shale production in the United States. Prince Abdulaziz bin Salman brushed off any rivalry between the US and Saudi Arabia and other established producers. The Saudi Arabian prince and official spoke to the press following the announcement of OPEC’s decision on Friday. …
Saudi Arabia Defends Shale Production in the United States Read More »
The European Union has one of the largest economies in the world. It is not surprising that crypto adoption is important for the future of cryptocurrencies. However, last week, EU Finance ministers released a statement that once more underlines that it won’t be easy to convince EU authorities. EU ministers made it clear that no …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. GBPCHF After trading sideways for much of October and November, the pair is now trading upward. The uptrend also comes after the confirmation of the golden cross, in which the 50-day moving average crosses …
Daily Market Charts and Analysis December 09, 2019 Read More »
Two different central banks decided to hold their official interest rates still recently. The RBI and BoC’s decisions steadied and refueled India’s rupees and Canadian dollars. First, the Bank of Canada announced on Wednesday that it leaves its interest rate unmoved. That wasn’t much of a surprise, though. What caught the market off guard was …
Central Bank Decisions Reinforces the Rupees and Loonies Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. AUDCAD The pair is trading in the green today, attempting to pare back its losses in the previous session after it slipped from weekly highs to the 50-day moving average. Overall, the trend is …
Daily Market Charts and Analysis December 06, 2019 Read More »
The Reserve Bank of India (RBI), which is the central bank of the country, decided not to change the interest rates. The central bank made announced this decision on Thursday. Markets expected that due to the problems connected with the economy bank would reduce the interest rates. Moreover, the bank already decreased the rates five …
More than 70 tech companies urged US President Donald Trump to stay in the Paris Agreement against climate change. Said Agreement, AKA COP20, is a collective agreement between 200 countries to keep global warming below 2 degrees Celsius. Their open letter, published last Monday, said the progress against it so far is not enough. They …
The Tech Industry vs. Climate Change | Wibest Broker Read More »
Oil petroleum futures finally hit a block in their upward run. But prices start to contract this Thursday. Traders are cautiously and patiently waiting for news about OPEC’s decision, which is set to be finalized tomorrow. West Texas Intermediate futures, or WTI crude oil, contracted by 0.48% or 0.28 points this Thursday. WTI crude oil …
Oil Petroleum Prices Drop, OPEC In Focus | Wibest Read More »
Last week, Japan’s Financial Services Agency (FSA) approved the application of the previous remaining crypto exchange. Tokyo-based company Lastroots became the 21st approved crypto company to gain recognition from FSA. Let’s have a look at the history of this company, which dates to June 2016. Several months later it launched a cryptocurrency exchange in March …
The South African rand successfully regained its footing in yesterday’s trading following an upsetting fall earlier this week. Aside from the manufacturing PMI, the GDP growth of the country is also weighing in on the rand. Experts now call for reforms in the country’s system to help its economic growth and the currency. Earlier this …
South Africa’s Rand Recovers from this Week’s Shock Read More »
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