Spot gold prices contracted in Thursday’s trading as traders shift their focus towards the US non-farm payroll. Wall Street is preparing as analysts forecasts a sharp drop in the NFP report on Friday. Several factors affect spot gold prices in today’s trading, causing it to swing from green to red territories in sessions. Among those …
One of the main advantages of cryptocurrencies is that it is a decentralized system. It means that central banks are not controlling this industry. As a result, it is hard to track crypto payments. This fact makes the crypto money, more attractive to various companies as well as countries. One of the counties which realized …
Venezuela’s cryptocurrency industry and sanctions Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. GBPUSD The pair has recently plummeted and managed a breakout from the recent uptrend, with the price reaching weekly lows during sessions. The price has converged with the 50-day moving average, but used it …
Daily Market Charts and Analysis October 03, 2019 Read More »
Stock exchanges around the world made big moves yesterday as various data flocked the markets. Over in Wall Street, US stocks faltered as weak manufacturing data fanned fears of growth slowdown. The Dow, S&P, and NASDAQ all appeared weak at the beginning of the session. The Dow opened around 160 points lower, while the S&P …
Stock Exchanges Down after Economic Data | WibestBroker Read More »
It is a well-known fact that Germany has the largest economy in the European Union. Moreover, its economy is fourth-largest in the world. Someone may think that there are no issues that may create a serious problem for Germany. It is worth mentioning that Germany is the most populated country in Europe. All of these …
French company Suez will aim to boost its earnings by cutting costs by a billion euros, or $1.1 billion. This will come per year, and the company will try to gather more growth from industrial customers. Starting in 2021, the company will try to boost profitability in a span of four years. The company will …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. GBPCHF The pair is trading weakly after reaching weekly highs in the previous sessions. At the same time, intraday record lows have been reached. The price is traded above the 50-day moving average but …
Daily Market Charts and Analysis October 02, 2019 Read More »
The Reserve Bank of Australia unleashed another stimulus package yesterday causing the GBP AUD trading pair to go up. The Australian dollar was crushed after the RBA’s announcement yesterday. RBA governor Philip Lowe delivered another major stimulus for the Australian economy as he and the RBA board decide rate cuts. The new interest rate level …
The Geneva-based organization released a statement regarding global trade. The World Trade Organization decided to lower its forecast for 2019 as well as 2020. It is not surprising as the global economy is slowing down. There are many reasons which had a negative impact on the economy. The trade war between the U.S. and China …
The World Trade Organization and the global economy Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. AUDJPY The pair is trading in the red, although the 50-day moving average serves as a solid support base line for the price. It has recently reached week highs, but it then settled the …
Daily Market Charts and Analysis October 1, 2019 Check it Read More »
Oil prices contract in today’s trading as the Chinese economic outlook continues to falter despite improvement in other sectors. Traders remain worried about China’s economy and its performance in the long run as the trade war continues. The prolonged dispute between the US and China have dented the demand growth of one of the largest …
Oil Prices Fall Against Weak Chinese Data | Wibest Read More »
Company founded by South Korean immigrants filed for bankruptcy in the U.S. This company dates back to 1984 when husband Do Won Chang and his wife Jin Sook Chang founded the company. The first store was located in Los Angeles. It is important to mention that the headquarters of Forever 21 are still in the …
Once a thriving U.S. Company filed for bankruptcy Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. EURCAD The pair is expected to break down from a major support line, sending the pair lower toward its 30-month low. The relationship between the European Union and Canada is sitting on uncertainty following …
Daily Market Charts and Analysis September 30, 2019 Read More »
Last week the Australian money, or AUD, fought to gain in sessions before the RBA announcement this week. Reserve Bank of Australia governor Philip Lowe shocked the market last week when he said the Australian economy is at a “gentle turning point.” The confusing messages about the direction of the monetary policy in Lowe’s remarks …
Australian Money Defends Gains Last Week | Wibest Read More »
The Australian money, or AUD, rises in today’s trading ahead of the highly anticipated meeting of the RBA. Next week Tuesday, the Reserve Bank of Australia is set to announce its decision whether to hold or move its interest rates. As the RBA meeting approaches, the Australian money is doing its best to take advantage …
Australian Money Strengthens Ahead of RBA Meeting Read More »
WhoIs Best Broker is leading Forex and Economy news Website. We provide you with the latest news and videos straight from the Financial Industry..
