Iranian authorities are trying to regulate the crypto mining. On the one hand, Iran wants to boost the local cryptocurrency market. On the other hand, it is trying to expose illegal crypto mining operations in the country. Digital currencies such as Bitcoin, Ethereum and others offer several advantages in comparison with fiat currencies. Iran has …
Iran has to deal with sanctions imposed by the U.S., and this is not an easy task. The oil industry provides the main source of income for the budget. The geopolitical situation in the Middle East is also quite tense. In this situation, it is not surprising that Iran has to come with a plan …
There are a lot of cryptocurrencies in the world. Ten years after the first digital currency became available to the public, the market is developing as more people are willing to invest in cryptocurrencies. However, it is important to keep in mind that sanctions against the country can limit access to the digital currency market. …
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 been trading sideways for the past trading sessions, with the latest move in the red. The 50-day moving average appears ready to go up, indicating that traders are bullish on …
Daily Market Charts and Analysis November 13, 2019 Read More »
The cryptocurrency market is a new business, and there are numerous questions regarding the legal issues of owning digital currency. It means that people should learn more about the laws concerning cryptocurrencies in their countries. One of the examples, how the political situation can affect the crypto market is the case of Bittrex. Bittrex is …
Oil Petroleum prices fell hard during this Monday’s trading sessions. Traders are still not done digesting the increase in US stockpiles reported by the EIA and API last week. The market started the week with a strong hangover from last week’s inventory reports. Unfortunately for traders, OPEC and US-China trade war news also added up …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDILS The pair is trading in the red again after it failed to break above the down-trending trading channel in the recent weeks. It last traded around the 50-day moving average area, with the …
Daily Market Charts and Analysis November 05, 2019 Read More »
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. USDISL The pair failed to break above the down-trending trading channel in recent trading sessions. It ended the previous session in the green, although the price reached multi-week lows in the same trading day. …
Daily Market Charts and Analysis October 25, 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 …
Oil petroleum prices fall this Tuesday’s trading against good signs from the Sino-US trade war. News from the two biggest oil importers and demand concerns continue to dent oil prices. Crude prices began trading higher after the United States president said that Beijing began purchasing US farm goods. US President Donald Trump announced that during …
Oil Petroleum Prices Edges Lower Against Positive News Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDRUB The pair is trading on a descending wedge, with prices going lower in the previous week as they go lower than the 50- and 200-day moving averages. In terms of fundamentals, Russian President …
Daily Market Charts and Analysis October 14, 2019 Read More »
An Iranian oil tanker ship was hit by an armada of missiles near the coast of Saudi Arabia. The National Iranian Oil Company or NOIC-owned tanker was attacked near Jeddah. The tanker ship was reportedly 60 miles or 97 kilometers away from the Saudi Arabian port. Two rockets struck the Iranian tanker ship on Friday. …
OPEC Countries and its allies just allowed Nigeria’s plea to increase its oil production output under the organization’s quota. The new deal will grant Nigeria to produce 1.774 million barrels per day, over the OPEC’s original quota. As agreed by OPEC countries in December 2018, Nigeria’s first target was just 1.685 million barrels per day. …
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