Fri, April 19, 2024

USD trading

Stock market on Friday

Current Stock Market Fluctuation Plunges US Treasury Yields

On Thursday, the early signs of the U.S.-China trade war hurt corporate earnings. Wall Street stocks plunged, and Asian share markets weakened. The signs further helped reinforce robust demand for safe-haven U.S. Treasuries. The most significant one-day decrease in four months were MSCI’s broadest index of Asia-Pacific shares outside Japan, 0.3%, and Tokyo’s benchmark Nikkei …

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Wibest – Digital coins: Libra Facebook cryptocurrency and bitcoin cryptocurrency.

US Lawmakers Dare Facebook Over Digital Coins

On Wednesday, senators convicted and criticized the proposed project of Facebook. Facebook showed it is not to be trusted by investors, as US lawmakers agree and criticized the cryptocurrency plan for adding a new member to the digital coins. On June 18, Facebook announced it will launch a new cryptocurrency called Libra in 2020 will …

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Oil and Petroleum Prices Slip Over Possible US-Iran Talks

Oil and petroleum prices went down in Thursday’s trading over the news of possible trade talks between Tehran and Washington. Crude oil WTI futures lost 0.39% or 0.22 points in the session. A barrel of the average oil costs around 56.56 US dollars, compared to its opening price of 56.55 US dollars and its previous …

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IMF – Trade Tensions Help World Economy Slowdown

The International Monetary Fund or IMF has released the 2019 annual external report on Wednesday in Washington, D.C.; the reported was titled “The Dynamics of External Adjustment.” The IMF report warns about the detrimental effects that come along with the geopolitical disputes in trades. The data displayed a 3% deficiency in the world’s gross domestic …

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European stocks

Asian Shares Tumble in the Current Stock Market Movement

On Wednesday, the wake of a strong U.S. retail data and a Brexit-driven dive in the pound, holding the dollar stable at the current stock market. Furthermore, expected earnings reports by the worried investors from corporate America glided Asian shares. Data showed stockpile dropped less than expected last week. Oil prices also decreased after the …

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Gold USD Pair in Red Territory | Wibest

The gold USD pair is trading in negative regions in today’s session. The precious metal’s safe-haven appeal hasn’t been working effectively on traders and investors in past sessions. XAU/USD prices have declined 0.19% or 2.70 points on Wednesday’s session. Spot gold prices currently trade around $1,403.01 compared against its previous close of $1,405.90. The greenback …

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Wibest – Digital coins: Libra Facebook cryptocurrency and bitcoin

Germany’s Scholz Warns Digital Coins Such as Libra

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, …

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Wibest – Forex Markets: Close up photo of sterling and dollar currency.

Forex Markets: Sterling Weakens as Dollar Strengthens

On Tuesday in the forex markets, the pound fought a nearly six-month low versus the dollar. The constant worries over Brexit blocked the balanced on the euro. As the interest rate outlook of the Federal Reserve remains in keeping the greenback on the resistance, the dollar struggled for traction versus the yen. The pound decreased $1.2515 after …

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Wibest – Current Stock Market: Stock market price display.

Current Stock Market: Asian Shares Nudges amidst U.S Data

On Monday, the current stock market remained attentive to the probable U.S. rate cut this month. Also, major Asian equity indicators pushed higher. Investors expected the world’s biggest economy to receive measurements by corporate earnings and U.S. retail sales data. Meanwhile, with declines in Chinese shares covering increases elsewhere in the region. MSCI’s broadest index …

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Wibest – US Government: Two farmers in the middle of a field.

US Government Plans New Agricultural Policies

The United States’ Trump administration is suggesting a new policy for season farmers and agricultural workers in the US. The US government claims that the proposal will help make visa applications for employers easier. The US Department of Labor announced the proposal on their recent statement. United States President Donald Trump has made attempts to …

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Wibest – Petroleum: A close up shot of a crude oil refinery

Oil and Petroleum Prices Inches Up After Hurricane Barry

Oil and petroleum products are expected to move upward following the resumption of production in the US Gulf of Mexico. In the previous days, oil and petroleum production in Louisiana and the near region temporarily halted production in preparation for Hurricane Barry. Oil futures shortly declined during the storm. Producers are now restoring output, oil …

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Stock market update

Finance: Asian Shares Boosted by Chinese Data Backing

On Monday, the world’s second-biggest economy is seen to be stabilizing a ramped-up stimulus from Beijing after encouraging Chinese data. Also, Investors were reassured while Asian shares progressed. Last year, the growth of the second quarter economy decreased to 6.2%. A separate data showed the country’s industrial production and retail sales which finance records conveniently …

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Wibest – Currency: Dollar, Yuan and Euro notes.

Currency: Yuan, Euro Rises, Dollar Slips amid China’s Data

After the better-than-predicted economic data out of China easing concerns over the global economic slowdown. The dollar weakened versus the euro and yuan on Monday in Europe. According to the official data released, since quarterly records began, China’s economy grew at the slowest pace from three months to June. Last year, the gross domestic product …

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Wibest – US dollar with blurry dollar background.

CPI: Dollar Firm as U.S. Inflation Edges

The toughened U.S. inflation data and the aggressive outlook of Federal Reserve regarding the interest rate cut have recovered the dollar, which gained some traction against other currencies later this month. Meanwhile, the dollar was steady on Friday. In June, the leading U.S. consumer price index gained 0.3% apart from food and energy components. On …

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Wibest – US dollar banknotes face up to Chinese Yuan banknotes.

Stock Exchanges: No Stable Movements amid China’s Data

This month, worries increased over as investors expect the Federal Reserve to rate cut and wait for China’s trade, lending, and growth data. Besides, the Asian shares went between small losses and gains on Friday. The anticipation was for European equities to open higher. Meanwhile, in Asian markets, an expected Fed cut did little to …

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