The Turkish lira or TRY rallied yesterday after news that Ankara and Moscow reached an agreement regarding Syria. The Russian government warned the Kurdish forces or Kurdish YPG militia fighters to leave the Turkey-Syria border. According to Moscow, if the Kurdish unit failed to comply with their orders, they will be crushed by the Turkish …
Turkish Currency Rallies Amidst Threats | Wibest Read More »
The country with the largest proven oil reserves in the world is trying to deal with economic issues. This may sound like something unusual, but that is the current situation in Venezuela. It has vast oil reserves, but due to the mismanagement, the vast majority of its population lives in poverty. The economic situation was …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. AUDNZD The pair has traded in the negative for the previous four sessions, slipping down from multi-month highs toward the 50-day moving average, which is now serving as a support line for the prices. …
Daily Market Charts and Analysis October 23, 2019 Read More »
The oil and petroleum products play very important as it is tough to imagine the modern world without it. The demand for renewable energy resources such as solar and wind is growing as more countries and companies are investing in this industry. However, let’s not forget that the vast majority of the cars in the …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. GBPNZD The pair has jumped back to the trading channel it’s established before, although it doesn’t appear that it would follow the same trajectory as the fundamentals for the British pound threat more volatility …
Daily Market Charts and Analysis October 22, 2019 Read More »
Machinery sales from Caterpillar Inc. emphasized North America’s economic slowdown. Caterpillar’s 12-month forecast is down about 18% from the same time a year ago. The International Monetary Fund cited a broad deceleration across the world’s largest economies as trade talks interrupt domestic growth. Their forecast predicted the weakest global economic growth in almost two years. …
Caterpillar Drags World Economy Down | Wibest Broker Read More »
China has the second-largest economy in the world, this fact underlines the potential of the local economy. For the last several decades, China enjoyed uninterrupted economic growth. Once agrarian society became the world’s economic powerhouse. It is essential to mention that China is largest country in the world when it comes to the size of …
The cryptocurrency market is evolving, and it means that companies are ready to invest in crypto-related businesses. It makes sense as more and more people become crypto owners. Also, the information about the cryptocurrencies is available in many languages. It is not surprising that the number of cryptocurrency users continues to increase as it has …
The Japan yen fought a good fight last week’s Friday, but that doesn’t mean it gained altitude. On the contrary, it, unfortunately, fell against other currencies. JPY traders didn’t expect that the Japan yen contract will gain despite its fall against other currencies in forex sessions. News from the Japanese consumer inflation rate weighed in …
The Japan yen struggles to hold on to its ground in today’s sessions as other currencies gained altitude against it. Meanwhile, the yen’s futures rose this Friday’s trading despite inflation slowing down. The USD JPY trading pair inches slightly down by 0.03% or 0.03 points in sessions. The pair currently trades for ¥108.62 a tad …
Japan Yen Struggles to Hold on to its Gains | Wibest 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 …
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The trade war between the U.S. and China started a year ago. However, the first signs of the trade war started earlier as discontent was growing for years. The current U.S. President Donald Trump was not happy with U.S.-China relations even before he became the president. His opinion was that China was mistreating the U.S. …
Cryptocurrencies step-by-step are becoming part of everyday life. It is not surprising that not only private but as well as governmental organizations started to embrace the digital currencies. The cryptocurrency market is evolving, and one of the latest examples comes from the U.K., more precisely from Wales. The government of Wales decided to allocate funding …
In the modern world, the economy plays a crucial role as thanks to globalization; companies around the world can export their products. However, as the level of cooperation is increasing, it also creates some problems for developing countries. There are many factors that can influence the local as well as the global economy. The latest …
The International Monetary Fund and global growth 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 been trading in the red in the previous three sessions, with prices going below the 50-day moving average. This indicates a generally bearish sentiment for the pair. Prices have climbed …
Daily Market Charts and Analysis October 16, 2019 Read More »
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