NZDCAD The pair traded within a channel in the past months, overall pursuing a downtrend as the Canadian dollar gathers strength from the perking up in oil prices. On the NZD side, the bank has implemented aggressive rate cuts in recent weeks. According to the central bank’s assistant governor, such aggressive moves decreased the need …
The annual Jackson Hole Economic Policy Symposium starts on Thursday. This annual symposium will help to better understand the policies of the Federal Reserve. On Wednesday, the Federal Open Market Committee (FOMC) will release the information about its meeting, which took place in July. Federal Reserve Chairperson Jerome Powell will open the symposium on Thursday. …
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 …
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 »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. AUDNZD The pair will further go lower in the following days after its attempt to break out from 200 MA failed. Australia and New Zealand shares skepticism over US President Donald Trump’s plan to …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. EURTRY The pair slipped below the 200-day moving average and stayed near an upward slanting resistance line, and is now trading in ranges, although the general direction is downwards. On the euro side, Eurozone …
Daily Market Charts and Technical Analysis August 7, 2019 Read More »
STOCK REPORT – Qualcomm failed to meet expectations with its latest financial report. Qualcomm, a US chipmaker, reported that its June revenue fell 13% on year-on-year basis. Its net income was 34% lower. Afterwards, it provided guidance for September that also missed expectations. According to the company, the “slower demand for 4G devices as the …
People try to guess what will be the main topic when Apple releases the third-quarter earnings report on July 30. The results of a third-quarter which ended last month will help to understand the financial situation of the Cupertino based company. Investors and Apple fans will try to learn more about the IPhones which the …
In Europe, the U.S. dollar kicked its highest level in two months. It has resumed an upward trend versus both the euro and sterling after weak performances on Thursday. During Asian trading, the dollar index, which tracks the greenback versus a basket of developed-market peers, gained 97.627. It was also increasing just above level 4, …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. EURDKK The pair suffered a pullback in the last trading session, nearly paring all of its gains during the last trading session. The pair recently traded above the 50-day moving average but failed to …
Heightening global trade tensions seems to be in trend as the United States and China trade dispute continues to loom. And in the east, two Asian economic giants are giving tit-for-tat tariffs – South Korea and Japan. Tariffs have seemed to be hot in political and trade playbooks. Trade tensions between both countries have escalated …
South Korea’s Economic Growth at Risk Due to Export Curbs Read More »
On Tuesday, the luring of full inspection continues from the financial regulators and politicians across the world. Some U.S. lawmakers from both sides will interrogate Facebook Inc on its digital coin plan. Facebook surprised regulators and lawmakers on June 18 with an announcement about the launching of a new digital coin called Libra in 2020, …
Germany’s Scholz Warns Digital Coins Such as Libra Read More »
Foreign exchange market: The dollar reached near three-week high as U.S. job gains weaken Fed rate cut. Click here! – Wibest Broker
On Wednesday, in Asia amid global trade worries, gold prices increased. The Comex division of the New York Mercantile Exchange traded gold futures for August delivery at $1,429.75 a troy ounce, up 1.5%. Agreement on resuming trade talks were done by U.S. President Donald Trump and Chinese leader Xi Jinping. Even after White House trade …
On Monday, within a growing dispute over South Koreans forced to work for Japanese firms during World War Two, exports of high-tech materials used in smartphone displays and chips to South Korea will be tighten by Japan, an industry ministry said. On Thursday, slowing the export process by several months, hitting South Korean tech giants, …
Japan to Constrict Tech Material Exports for South Korea Read More »
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