The GBPUSD pair is making a slight recovery in today’s trading after seen struggling last Friday. The news of the British economy declining for the second quarter of 2019 worried pound traders. The UK economy lost 0.2 percent in the months of April to June. According to the National Statistics Office, the data broke economists’ …
In the forex markets, the yuan rose versus the U.S. dollar on Thursday. The People’s Bank of China (PBOC) set the reference rate for the Chinese currency to its weakest level since 2008. Earlier, the USD/CNY currency pair declined 0.2% to 7.0423. Meanwhile, the Chinese yuan was not getting a great deal of public attention this week …
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 »
In the forex markets, the yuan rose versus the U.S. dollar on Thursday. The People’s Bank of China (PBOC) set the reference rate for the Chinese currency to its weakest level since 2008. Earlier, the USD/CNY currency pair declined 0.2% to 7.0423. Meanwhile, the Chinese yuan was not getting a great deal of public attention this week …
On Thursday, despite the People’s Bank of China (PBOC) setting the official reference rate for the Chinese currency at the weakest level since 2008, the yuan strengthened versus the U.S. dollar in the forex markets. The USD/CNY currency pair declined 0.2% to 7.0423. Meanwhile, the Chinese yuan was not getting a great deal of public attention this …
Yuan Strengthens, Dollar Firm in the Forex Markets Read More »
Earlier, a patent for a system and method particularly for digital coins via Blockchain has been filed by the Walmart company. On developing its own digital coins, the major US corporation said they are in the process of organizing and creating progresses. Meanwhile, according to the patent application, the ones fixed with a regular currency …
The Walmart retail, a major US corporation, is arranging processes for a cryptocurrency and already on the starting point. On August 1, the company filed a patent for the system and method of digital coins via Blockchain. Meanwhile, Facebook is at work with its partners on enhancing the cryptocurrency Libra. News report this week indicated …
On Monday, after the close, Japan stocks were lower as shrinkage in the Paper & Pulp, Railway & Bus and Real Estate sectors drove shares lower. At the close in Tokyo, the Nikkei 225 weakened 1.74% hitting a 1-month low. The best performer on the stock exchange that was recorded on the session of the Nikkei 225 was Toyobo Co. Ltd., which gained 5.01% or …
Japan And Australian Shares Depreciate at The Stock Exchange Read More »
Petroleum and oil products slump as traders focus on the escalating conflict between the United States and China. United States crude oil future went down 0.95 percent or 0.53 points in Monday’s trading sessions. Spot crude oil prices are currently selling at 55.13 US dollars. The US crude opened at 55.29 US dollars, slightly lower …
Petroleum and Oil Prices Decline as China Retaliates Read More »
Beijing prepares to play rough with Washington even after last week’s trade negotiations in Shanghai, China. Later after the US team went back to the US, Trump fired a series of tweets against China out of frustration. Just recently, Beijing has sacrificed the yuan for its counterattack to Washington. The Chinese currency dipped to its …
After the United States President Donald Trump said that he will give fresh tariffs to China, Beijing prepares to retaliate. Donald Trump said on August 1st that he will add 10% tariffs on a $300 million worth of Chinese goods. Trump added that the new tariffs could go beyond 25% and will be imposed on …
Chinese Government Retaliates to Trump’s Tariffs | Wibest Read More »
Crude oil prices inched up after the report from the weekly US stockpile was released. The data showed a drop far more than what analysts expected. The US West Texas Intermediate crude oil futures rose 1.05 percent or 0.61 points in Wednesday’s trading sessions. A barrel of the US crude currently sells at 58.60 US …
Crude Oil Gains After the Weekly US Inventory Data | Wibest Read More »
Representatives from the United States and China are resuming trade talks regarding the prolonged tariff dispute between the two. The US officials personally traveled to Shanghai, China to meet Chinese representatives. The decision to fly to China came after a positive trade talk over the phone by the representatives. The delegates from the United States …
Spot gold prices are reaching year record levels in today’s trading as the market braces itself for the Fed’s rate cut. Other safe haven assets inch up just a few hours before the prospects of the first Fed rate cut in over ten years. The XAU/USD exchange pair edges 0.16 percent or 2.29 points, it …
Spot Gold Prices Inch Up as Traders Focus on Fed | Wibest Read More »
Negotiators from the United States and China will meet again in China this week. The talk will resume after a three-month hiatus in Shanghai, China. Expectations for an agreeable negotiation have faltered after months of hoping. Representatives of the United States are scheduled to have the two-day talk starting on July 30 (Tuesday). Last month, …
The United States and China Resume Negotiations on Tuesday Read More »
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