HUAWEI – Huawei silently launched its first fifth-generation (5G) service development center in South Korea. This comes amid the still-looming US-China trade war. This comes after the United States banned Huawei, which is also the world’s biggest telecom equipment maker. The banning of Huawei in the US puts it effectively trapped between two fighting economic …
Dollar index continues to hold its gains as trade fears spur risk aversion. Click here for more information! – Wibest Broker
United States and China’s trade war can develop into two different sets of technologies. Click here for more! – Wibest Broker
Prime Minister Theresa May is on her way to exit resulting in a slide in the pound. Click here for more information! – Wibest Broker
Xi Jinping signaled that trade war will not end soon and China is not going to cave in. Click for more information! – Wibest Broker
Nike and other footwear companies signed an open letter for Trump to reconsider his tariffs. Click here now! – Wibest Broker
Australia’s currency reached its highest rise after a shock election win. Click here for more information! – Wibest Broker
On Wednesday, President Donald Trump announced a national emergency. The declaration is due to threats of China against American technology. And this will affect Huawei’s business transactions in the U.S. The move was made via executive order. After that, Commerce Secretary Wilbur Ross, with a consultation with other top officials, received the approval to stop …
Huawei Struggles as Trump Declare National Emergency Read More »
Foreign exchange market corrects some of the extreme movements in early trade in Europe. Click here for more! – Wibest Broker
FOREX MARKETS – After the latest growth in the trade war between the United States and China on Monday, the Chinese yuan and Australian dollar plunged. Meanwhile, the safe-haven yen strengthened slightly. As Washington demanded promises of concrete changes to Chinese law and Beijing on Sunday, stating it would not swallow any “bitter fruit” that …
OIL INVENTORY REPORT – Brent slipped further away from the $70 mark after topping that level during the previous session, while West Texas Intermediate (WTI) crude was also slumped, dragged down by concerns over trade negotiations. Brent crude futures for front-month delivery lost 26 cents, or 0.5 percent, hitting $69.4 per barrel. Last session, it …
Oil Inventory Report: Oil Slips, Headed for Gains this Week Read More »
TRADE AGREEMENT- On Wednesday, the Asian Development Bank said additional momentum could not be possible, as slow down of Asia’s growth development in 2019 continues. Economic risks increased with the trade war between the US and China and a potentially disorderly Brexit. This year, growth of 5.7 is expected on the 45 countries in the …
Trade Agreement: Possible slowdown in 2019 due to Brexit Read More »
ECONOMIC DEVELOPMENT – Chinese industry minister said on Monday that the country will have lesser intervention in its massive industrial sector. This comes after an obvious scaling back of its high-tech industrial push, which has long been a problem to the United States. China is also attempting to ease the concerns surrounding its industry policies, …
Economic Development: China Intervenes Less in Industries Read More »
CURRENCY PAIRS –The dollar gained on Wednesday on safe-haven appeal after reports of further tensions in the US-China trade negotiations. However, gains were capped as investors awaited the Federal Reserve for its policy meeting later in the day. The supposedly negative impact of the Fed’s pausing of interest rate hikes on the dollar has been …
CURRENCY PAIRS – Hopes over an imminent trade deal between the United States and China that could potentially end a year-long tit-for-tat tariff dispute pushed the yuan and the Australian dollar higher on Monday. Behind such optimism was a report by a reputable news source on Sunday stating that the two countries are nearing a …
Currency Pairs: Yuan, Aussie Rise on Trade Hopes Read More »
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