The Japanese yen exchange rate sinks in today’s session as the situation between the United States and China trade war eases. Forex traders felt a sign of relieve as investors turn more optimistic for the outcome of the trade dispute. The Japanese Yen Contract slipped by 0.05% or 0.000005 points in trading sessions. The …
The Chinese Caixin General Manufacturing PMI reached an impressive 50.4 in August. The data shocked the whole market as the whole Chinese manufacturing sector continues to receive blows from Trump’s tariffs. The data went way higher than the expected 49.9 of analyst and the previous reading of 49.8 last month. The August data is the …
On Wednesday, petroleum products prices inched up. It is with U.S. crude advancing 1.3% after an industry report showed stockpiles in the United States. This is the world’s biggest oil user that dropped more than expected, easing fears about economic growth due to the China-U.S. trade conflict. Brent crude futures mounted 59 cents, or 1.0%, …
Petroleum Products Price Upsurges as Economic Fears Eases Read More »
On Monday, oil prices were dragged down in Asia. This was due to the persisting announcement of an additional 5% tariff by China on $75 billion of U.S. products. Crude oil is included on the U.S. products that were on the list of tariffs. In revenge, U.S. President Donald Trump indicated he ordered U.S. companies …
Oil Prices Decline as US-China Tariff Conflict Endures Read More »
On Tuesday, petroleum products’ prices curved in slightly. It was after the prior surge, as the pause of news on the U.S.-China trade front kept big moves in check. Meanwhile, markets also prepared for weekly data on U.S. crude inventories. New York-traded West Texas Intermediate crude futures plunged 9 cents, or 0.2%, to $56.05 a barrel. Brent crude futures, …
Petroleum Products Downtrends Ahead of Crude Inventories Read More »
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 …
The Japanese and South Korean vice foreign ministers are expected to meet on August 16-17 in Guam. The meeting comes at a crucial time as the conflict between the two giant Asian economies continues to escalate. Local Japanese media reported the news on Wednesday. However, the report cited unidentified sources for the meeting of Japanese …
Japanese and South Korean Officials Set to Meet this Week Read More »
The trade war between the U.S. and China has the potential to undermine the stability of the global economy. The global economic problems, along with trade war, created a complicated situation for the U.S. economy. It is essential for people interested in the stock market to pay more attention when buying stocks. Goldman Sachs and …
Companies in the U.S. and abroad are under pressure to deal with the effects of the trade war. In the modern world, any trade dispute is a serious issue. However, the trade war between the U.S. and China has the potential to undermine the stability of the global economy. According to various sources, the global …
The Chinese yuan faces a hurdle as forex traders expect the currency to weaken in the coming trading sessions. The market is shifting their attention to the upcoming release of the Chinese retail sales data for July. The CNYUSD exchange pair is moving sluggishly, losing 0.01% or 0.0000 points, trading at ¥0.1415 the same from …
On Tuesday, petroleum products prices traded lower. It was after concerns over a weakening global economy offset expectation that OPEC would be able to cut supply enough to support prices. New York-traded West Texas Intermediate crude futures declined 45 cents, or 0.8%, to $54.48 a barrel. Meanwhile Brent crude futures, the benchmark for petroleum products prices outside the …
Petroleum Price Plunges Over A Weakening Global Economy Read More »
On Monday, petroleum products prices edged lower amid doubts about an economic slowdown and the Sino-U.S. trade war. The conflict have led in a cut in the growth prospects for global oil demand. International benchmark Brent crude futures were at $58.40 a barrel down 13 cents, or 0.2%, from their previous settlement on the global trading. U.S. …
Petroleum Products Plunge, Gold Prices Move amid Global Growth Prospects Read More »
The National Bureau of Statistics released a report last Friday showing the faltering Chinese producer price index (or PPI). The data showed a measurement of costs for goods declining 0.3% year on year in July. The heightening trade dispute between the United States and China have pushed manufacturers to sell their goods at a lower …
Chinese Producer Prices Drop Against US-Sino Conflict Read More »
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 »
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