After being crushed by the coronavirus, China’s gigantic commodities industry is making a gradual but uneven return to normality. Oil and coal use slowly trend higher since factories resume operation, and people return to work. Metal’s stockpiles are still growing. Soybean processing has decreased due to a drop-off in imports. Investors are hoping that China’s …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDILS After the Israeli shekel rebounded yesterday, bulls immediately stepped on their gas pedals to prevent the Israeli shekel from dragging the pair downwards again. Looking at it, the 50-day moving average is still …
Cryptocurrencies step-by-step became part of everyday life for many people. Crypto money is essential for the citizens of countries that are struggling with hyperinflation. In such cases, Bitcoin, as well as other cryptocurrencies, have the potential to solve at least some pressing issues. As a reminder, Bitcoin is the biggest cryptocurrency when it comes to …
Bitcoin is the biggest cryptocurrency when it comes to the market capitalization. Moreover, it is the oldest cryptocurrency. Bitcoin played a crucial role as many people learned about the cryptocurrencies thanks to Bitcoin. Coronavirus pandemic created additional pressure on the global economy. Interestingly, Venezuela has the largest proven oil reserves in the world. However, the …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDHUF The Hungarian forint is steadying against the US dollar after bulls forced the pair to reach its strongest level yet. The 50-day moving average appears to be climbing higher and farther away from …
Commodities are the most basic and reliable goods to base your trading on. The practice of exchanging commodities is so old that it may, in fact, be the very first form of trading. A commodity could denote any physical item which humans value. As such, they will continue to be a vital part of trading …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. EURRUB The pair has reached record highs as the Russian ruble weakened steeply in the aftermath of the collapse in talks between Russia and Saudi Arabia regarding oil price cuts. Also, sentiment has become …
Crude prices have rebounded from their lowest level in four years on Wednesday. The market opened with gains in the hope that the economic stimulus from the United States could generate an increase in world demand for oil. The North Sea Brent barrel of oil for April deliveries was trading at $ 58.08 at the …
On Monday, the New York Stock Exchange halted trading for 15 minutes after stocks fell by more than 7%. Problems connected with oil prices and coronavirus outbreak triggered panic selling. However, the epidemic represents a much bigger logistical headache for Wall Street. The question is how to operate the stock market if banks have to …
Wall Street and its Efforts to Deal with Ongoing Situation Read More »
Copper prices rebounded on Tuesday from the lows of more than three years earlier, as cases of coronaviruses in China fell. Furthermore, countries around the world are preparing to take stimulus measures to contain the economic impact of the virus outbreak. The United States, Japan, and other countries announced their plans to stop the effect …
Given Uncertainty About the Coronavirus, Copper Prices Surge Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. EURDKK A handful of positive results from the bloc’s economies are supporting the EURDKK, preventing it from tumbling down. However, the bullish run of the pair is expected to end in coming sessions as …
Coronavirus outbreak continues to dominate the headlines. Local, as well as international companies, are trying to modify their plans in accordance with the new reality. Moreover, a range of banks, as well as financial institutions, released their worst-case scenarios for 2020. It is worth mentioning that the global uptick in the gross domestic product (GDP) …
Banks, Financial Institutions and Virus Outbreak Read More »
The Japanese yen lowered sharply on Tuesday. The currency traded at 104 yen per dollar at last. The yen fell against the other major currencies, too, the euro and the Australian dollar among them. The U.S. dollar, on the other hand, recovered from the last few weeks lows. It rose by 0.2% to 95.613 against …
The Japanese Yen Fell While the U.S. Dollar Soared Read More »
The U.S. dollar rebounded after the last few weeks lows on Tuesday. It traded at record lows against the Japanese Yen and other currencies before. However, the dollar rose by 0.2% to 95.613 against a basket of currencies. It rallied against the yen at 104.28, increasing by 1.9%, which is considerably high than Monday’s 101.18 …
U.S. Dollar Recovered But What About Japanese Yen? Read More »
China is the main industrial hub in the world. Moreover, it is one of the biggest oil consumers around the globe. However, the coronavirus outbreak is a severe challenge for the local as well as the global economy. The International Energy Agency released its March oil market report. According to this report, global oil demand …
International Energy Agency and the Global Economy Read More »
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