Huawei and U.S. sanctions Huawei is the second-biggest smartphone maker in the world. The company had an ambitious plan to overtake Samsung, which is the number one producer. However, the trade war between the U.S. and China altered the plans for the Chinese tech giant. U.S. officials accused Huawei of intellectual property theft, cyberespionage, etc. …
Oil and petroleum products are expected to move upward following the resumption of production in the US Gulf of Mexico. In the previous days, oil and petroleum production in Louisiana and the near region temporarily halted production in preparation for Hurricane Barry. Oil futures shortly declined during the storm. Producers are now restoring output, oil …
Oil and Petroleum Prices Inches Up After Hurricane Barry Read More »
Crude oil prices are currently getting support from demand concerns as tensions in the Persian Gulf region continues to brew. The West Texas Intermediate crude oil futures inched 0.08 points or 0.13%. Crude oil barrels currently trade at $60.28, compared to its previous close of $60.20. Brent oil futures, the benchmark for oil prices outside …
Oil prices rise as tensions in the Persian Gulf continues Read More »
This week gold prices continue to rise, even after suffering a temporary decline at the beginning of the week. There is a chance that gold prices will continue its seventh consecutive weekly gain and will add another week. It means that gold prices continue to attract investors from around the world. There are several reasons …
European stocks fell again for the fourth time in a row on Wednesday. Expectations of an interest rate cut by the US Federal Reserve collapsed after the remarks from its officials. Fed Chairman Jerome Powell said that the US central bank is “insulated from short-term political pressures.” This pushed back the pressure from US President …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDJPY The pair managed to shoot out a bullish candlestick on the daily chart as the dollar goes back to action, pushing the price up during the early trade, although the buck can also …
Fx market: The dollar continues to weaken as traders anticipate for a rate cut. Click here for more information! – Wibest Broker
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 is seen rising to their monthly high after breaking a resistance level at the 0.69436 level, converging with the 50-day moving average and poised to continue to go up. This comes …
On Tuesday, with the persisting conflict in the Middle East, gold prices strengthened in Asia. August delivery of Gold futures increased by about 1.5% at $1,439.30. The Comex division of the New York Mercantile Exchange reported the increase. Spot gold climbed up 0.3% at $1,402.50 per ounce, bearing a fifth straight session of gains. Gold …
Gold Nears 6-year High as US-Iran Strain Persists 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 is trading within a downward channel, with pretty solid support at 121.000 levels and some resistance around 122.322, a break above which could potentially trigger a rally. The 50- and 200-day …
Oil prices are rising as after several weeks of price fluctuations because of reduced demand coupled with the trade war. West Texas Intermediate (WTI) crude oil prices went up by 79 cents and reached $54.55 for a barrel. Brent oil price also increased and to more than $62 for a barrel. There are a couple …
Commodities: What is up with WTI Crude and Gold? Read More »
United States and China argument resulted in a dropped in oil prices. Click here for more information! – Wibest Broker
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. GBPCAD The GBPCAD pair is within a tight range after the pound’s plummet against the Canadian currency as the Middle East tensions mount. Oil prices collapsed last Friday as international trade tensions took the …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDCZK The pair was seen to bounce back from the uptrend channel middle support line, which will send the pair higher towards the channel’s resistance line. With 50.95% of the total votes already tallied, …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDJPY The pair will continue its steep decline after it broke down from a major support line, sending the pair lower to the nearest support line. Japan was seen increasing its effort to bring …
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