News from the South African company, Eskom, continues to hurt the country’s currency, credit rating, and economy. The upsetting dilemma of the government with the electricity public utility company weighs on the rand and local investors. The government plans an overhaul of the whole electricity industry starting by breaking up the problems of the state …
Eskom is Hurting the South African Rand and Economy Read More »
U.S. President Donald Trump likes to say the U.S. economy is stronger than ever and he is trying to use this topic to boost his popularity. We should take into consideration that in one year Trump is planning to win the second term in office. In this situation, the strength of the U.S. economy is …
Cryptocurrencies are becoming more popular even in the most isolated and authoritarian countries. One of the most promising digital currency markets is located in China. Despite the fact that Chinese authorities are monitoring the situation. It is no secret that in China it is impossible to access many social media networks as well as other …
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 …
China has the second-largest economy in the world. This fact underlines its importance to the global economy. The country, which is home more than 1.3 billion people enjoyed uninterrupted economic growth for decades. The standards of living improved across the country. The local economy continues to grow in 2019. However, the economy is slowing down, …
There are numerous commodities in the world, and what they have in common is that it is very hard to imagine modern society without them. Commodities such as oil, natural gas, gold, and other precious metals are only a small part of the long list. People all over the world have at least some knowledge …
China is unique in many ways, and its cryptocurrency market is not an exception. Officially it is a communist state created by Mao Zedong 70 years ago. Nevertheless, the vast majority of the country’s GDP depends on the private sector. Another interesting fact that it is famous for the “one country two systems” principle. The …
The groundbreaking discovery in the Ohio River Valley led to the increase of natural gas production in the US. The new industry claims that natural gas in the area saves trillions of dollars in the energy sector. According to reports, the United States could cut $1.1T and $90B in savings for the consumers in the …
Natural Gas Production in the US Saves Trillions Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. AUDUSD The pair has hit another solid resistance that it failed to break out of before. The pair is attempting another breakout. If it manages to go up this resistance line, the pair will …
Daily Market Charts and Analysis October 29, 2019 Read More »
The euro soared when European Central Bank Mario Draghi passed his leadership to the former International Monetary Fund head, Christine Lagarde. The newly appointed president will focus on healing rifts among policymakers. The first female ECB President Lagarde will take office this Friday. She claimed she aims to focus on gender equality, climate action, and …
The Islamic Republic of Iran came to existence 40 years ago after the revolution, which ended the rule of Mohammad Reza Pahlavi. From the beginning, relations with the U.S. were quite tense. The hostage crisis which started in 1979 and ended in 1981 created even bigger animosity between the countries. The situation is also far …
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 »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. EURJPY The pair has broken above its down-trending trading channel previously and rose above the 50-day moving average, inching closer to the 200-day moving average. In the previous two sessions, however, it traded in …
Daily Market Charts and Analysis October 28, 2019 Read More »
The discussion about the possible global financial crisis started a long time ago. It is important to mention that the U.S. economy is growing for ten years. It means that current economic growth is the longest one in modern U.S. history. After the 2008-2009 global financial crisis, which devastated many businesses, this is great news. …
Economists say a steeper decline in larger economies is more likely than a synchronized recovery. Several Asian markets rely on the final decisions on Brexit and the US-China trade wars. Indices outside Japan only went up 0.05% as investors grow uncertain of global bank endeavors. Chinese blue chips went up by 0.56, while Hong Kong’s …
Asian Market Relies on Policy Meetings | Wibest Broker Read More »
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