On Monday, fears have renewed that the Coronavirus will harm global growth. It has rocked the commodity markets again, with oil prices tumbling. Oil led the losses on Monday, dropping more than 3% in London and New York. Chinese fiscal stimulus and new warnings to supplies from Africa and Latin America have resulted in the …
Oil dropped more than 3% due to the fear of the Coronavirus Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. NZDCAD The pair continues to fall in recent trading, with the New Zealand dollar continuing its slump against the Canadian dollar. The New Zealand dollar weakened against many major currencies after the Chinese yuan …
Daily Market Charts and Analysis February 21, 2020 Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. GBPAUD The British pound traded in the red previously, but prices still lie above the 50-day moving average. The Australian dollar is currently facing intense pressure by the increasing Australian unemployment and ongoing uncertainty …
Daily Market Charts and Analysis February 20, 2020 Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. AUDCAD The pair still treads the lower portion of the daily charts, with the Canadian dollar still dominating its Australian counterpart. Both the 200-day and 50-day moving average are going down, indicating the prevailing …
Daily Market Charts and Analysis February 18, 2020 Read More »
To provide more accurate weather and climate forecasts, the British government will invest 1.2 billion pounds (1.6 billion dollars) in the world’s most powerful supercomputer. Supercomputers play a significant role in computer science. They are useful for a wide range of intensive tasks, such as weather forecasting, climate research, quantum mechanics, molecular modeling, oil and …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDCAD The Canadian dollar recently climbed to record highs, now with the price hitting the 200-day moving average as the US dollar appears to lose momentum. The main reason for the rally is the …
Daily Market Charts and Analysis February 17, 2020 Read More »
China has the world’s second-largest economy in the world after the U.S. Moreover, it is one of the major oil consumers. As a result, the state of China’s economy directly affects global oil demand. Ongoing coronavirus outbreak and restrictions imposed by the Chinese officials will have a dramatic impact on the oil demand. The International …
Southeast Asia’s third-largest economy grew by 3.6% in the fourth quarter of 2019. As a result, Malaysia’s economic growth fell to the lowest point in 10 years. Bank Negara Malaysia (BNM) is ready to tackle this problem. Bank’s Governor Nor Shamsiah Mohd Yunus stated that bank the opportunity to adjust interest rates. According to the …
Increased focus on the US susceptibility to hacks bring foreign cyber attackers into the light. The National Counterintelligence and Security Center reported more foreign countries hacking into US intelligence agencies. Said hackers target the private sector and agencies indirectly involved with national security. As the world grows attached to the internet of things market, more …
Government Hacks Test American Trust | Wibest Broker Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDBRL The pair trades further up the daily chart today after rising steeply last week, when Brazil’s central bank decided to cut interest rates by 25 basis points to 4.25%, which the market expected. …
Daily Market Charts and Analysis February 10, 2020 Read More »
The crisis caused by the Coronavirus has reminded the Middle east how much it relies on China for business. Oil prices have been down for months. Oil demand from China has declined significantly, and the consumption of the commodity in the country has fallen by 20%. Andy Lipow, the president of Lipow Oil Associates, states …
The Middle East is in oil crisis due to the Coronavirus Read More »
The U.S. trade deficit declined for the first time in years. On Wednesday, the U.S. Commerce Department released the report. According to this report, the U.S. trade deficit fell by 1.7% to $616.8 billion in 2019. This is a very important result for the U.S. economy. It means that the trade deficit fell for the …
U.S. Trade Deficit Fell to Lowest Point Since 2013 Read More »
Chinese copper buyers are asking Chilean miners to delay shipments due to the closure of ports by the Chinese government. The action followed the coronavirus outbreak increased the turmoil in world commodity trade. Víctor Garay, a market coordinator for Cochilco, says that While suppliers have not reported any violation of the agreement, they have verbally …
Shipping companies are struggling to cope with the coronavirus outbreak, as they have to adapt to the new reality. Companies that carry goods from China are reducing the number of seaborne vessels to contain the spread of the virus. As a result, such a decision may disrupt global supply chains. It is worth mentioning that …
The Influence of Coronavirus on the Shipping Companies 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 The EURDKK pair is trading within tight ranges on the upper levels of the daily charts, with the 50-day moving average serving as a solid support. Over in Denmark, the Danish central bank …
Daily Market Charts and Analysis February 05, 2020 Read More »
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