The greenback is seen gaining ground against the pound sterling (GBPUSD) after the release of the positive US retail sales data. The US market was delighted with the news and the US dollar index steadied. The US dollar index or DXY inched up 0.07% or 0.07 points today. The pound dollar exchange rate rose 0.24% …
Japan’s currency receives much attention from traders as the possibility of a global recession looms. The Japanese yen gained strength as traders focus on safe haven assets. The recent news about the United States Treasury yields bolstered the yen in past trading sessions. Analysts are blaming the prolonged trade war between US and China for …
On Wednesday, Ireland’s Data Protection Commission said the lead regulator of Facebook Inc in the European Union is in quest of information. This probe concerns on how the company managed data during the manual transcription of users’ audio recordings. The DPC, Facebook’s lead EU regulator, already has eight individuals that investigate the U.S. social media …
Regulators in Ireland Queries Facebook’s Audio Recording Read More »
The GBPUSD pair recovered from its losses last Friday. The pair inched its way up to 0.21%, or 0.0025 points, and has reached ranges of £1.2015 to £1.2069 during yesterday’s trading session. The weaker-than-expected data from the UK economy has weighed on the pound sterling. The UK economy saw a decline of 0.2%, far worse …
The GBPUSD pair is making a slight recovery in today’s trading after seen struggling last Friday. The news of the British economy declining for the second quarter of 2019 worried pound traders. The UK economy lost 0.2 percent in the months of April to June. According to the National Statistics Office, the data broke economists’ …
Earlier, in the forex markets, the pound-to-euro (GBP/EUR) currency pair exchange rate recovered slightly from the losses it has recorded, despite the firm German data going above expectations. The euro (EUR) was unable to have firm highs versus the sterling (GBP) amid trade war fears. Meanwhile, the GBP/EUR currency pair plunged from 1.1121 to 1.0946 …
Pound to Euro Exchange Rate Regains in the Forex Market Read More »
This morning in the forex markets, despite the firm German data above expectations, the pound-to-euro (GBP/EUR) currency pair exchange rate recovered slightly from the losses it recorded the previous day. Meanwhile, the euro (EUR) was incapable of holding its highs versus the sterling (GBP) amid trade war fears. Last week’s GBP/EUR currency pair plunged from …
Pound to Euro Exchange Rate Regains in the Forex Markets Read More »
On Monday, after the close, Japan stocks were lower as shrinkage in the Paper & Pulp, Railway & Bus and Real Estate sectors drove shares lower. At the close in Tokyo, the Nikkei 225 weakened 1.74% hitting a 1-month low. The best performer on the stock exchange that was recorded on the session of the Nikkei 225 was Toyobo Co. Ltd., which gained 5.01% or …
Japan And Australian Shares Depreciate at The Stock Exchange Read More »
Spot gold prices are reaching year record levels in today’s trading as the market braces itself for the Fed’s rate cut. Other safe haven assets inch up just a few hours before the prospects of the first Fed rate cut in over ten years. The XAU/USD exchange pair edges 0.16 percent or 2.29 points, it …
Spot Gold Prices Inch Up as Traders Focus on Fed | Wibest Read More »
In Europe, the U.S. dollar kicked its highest level in two months. It has resumed an upward trend versus both the euro and sterling after weak performances on Thursday. During Asian trading, the dollar index, which tracks the greenback versus a basket of developed-market peers, gained 97.627. It was also increasing just above level 4, …
The European Central Bank (ECB) hints about preparations for interest rate cuts. The bank also signals to deliver a highly accommodative monetary policy. The monetary policy will likely be a part of purchasing additional assets. The decision is an effort to push the sluggish inflation of the Eurozone toward its target. Traders and investors in …
ECB’s Mario Draghi Signals Preparation to Cut Rates Read More »
On Thursday, the euro value was on a two-month low, ahead of a European Central Bank summit. Growth in the currency zone weakens, and this could indicate monetary easing. Opinions toward the single currency took a setback. It was after data showed Germany’s manufacturing sector contracted at the fastest pace in seven years. Meanwhile, French …
On Thursday, after the trading gains in the Paper & Pulp, Railway & Bus, and Real Estate sectors led shares higher, Japan stocks increased on the stock exchange. At the end of trading in Tokyo, the Nikkei 225 grew 0.22% to hit a new 1-month high. Advantest Corp. was the best performer of the session …
Stock Exchange: Japan and Australia’s Stocks Fortify Read More »
In the early morning trade on Monday, the Asian market traded mostly lesser. Meanwhile, as a Nasdaq-style new technology board in Shanghai launched, Chinese stocks fell. The Shanghai Composite glided 0.8% while the Shenzhen Component dropped 0.6%. A new tech board includes 25 companies. The Science and Technology Innovation Board launched it. In attempting to …
On Monday, the dollar strengthened against the yen on the forex markets. Investors toughened outlooks for an aggressive Federal Reserve interest rate cut later this month. The dollar grew 0.2% versus the yen to 107.92 due to the rise in U.S yields. Friday’s modest gains were pushed by the benchmark 10-year Treasury yield and scaled …
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