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World
The Economic Proscription of U.S. Farmers by China Maybe Forever
14 Oct 2019 @ 00:34
Similar to a black eye on the face, it’s placing an indelible imprint. The retaliatory levies by China over U.S. commodity producers, such as soybeans, which seem to be forever. The moment such happens for the market it becomes irreversible. It’s a dread numerous farmers from North Dakota to Mississippi have recognized for as far […]
Trade Dispute Responsible for China’s Overwhelming Gold Purchase Rate
14 Oct 2019 @ 00:24
China has included more than 100 tons of gold to its stores since it continued purchasing in December, fortifying its position as one of the significant authority collectors as national banks load up on the valuable metal. The People’s Bank of China grabbed progressively gold a month ago, raising reserves to 62.64 million ounces in […]
USDCHF Breaks Below Its near Term Support Zone on the Level at 0.9926 but Recovers Abruptly
14 Oct 2019 @ 00:11
USDCHF Price Analysis – October 8 The FX pair breaks below the horizontal zone on the level at 0.9926 but reverses again after recovering from its early selling pressure. The USDCHF was able to find buyers again around the level at 0.9908. Key Levels Resistance Levels: 1.0231, 1.0126, 1.0015 Support Levels: 0.9897, 0.9870, 0.9843 USDCHF […]
AUDUSD Discovers Its Potential for the Upside Movement as Buyers Lean on the Key Support Level
05 Oct 2019 @ 18:49
After discovering its potential for the upside movement, AUDUSD has appreciated against the greenback since the prior trading session. The FX pair had exited the prior session above its opening price after recovering from early selling pressure. Key Levels Resistance Levels: 0.6895, 0.6805, 0.6776 Support Levels: 0.6671, 0.6620, 0.6600 AUDUSD Long term Trend: Bearish Despite […]
Lawmakers Pen Down Concerns to the Fed Over National Digital Currency
05 Oct 2019 @ 18:36
Two United States lawmakers have urged the Federal Reserve to evaluate the possibilities of creating a digital dollar currency. House of Representatives members, French Hill and Bill Foster recently sent a letter to the Federal Reserve Chairman Jerome Powell, expressing the concerns they have on the implications the US dollar would face in a likely […]
ITV PLC price prediction: The current bullishness to continue
30 Sep 2019 @ 13:45
ITV PLC stock (LSE:ITV) are currently bullish, following the recent rally, which ended the previous bearish movement that happened in August 2019. 4 EMAs are used for this analysis and they are EMAs 10, 20, 50 and 200. The color that stands for each EMA is shown at the top left corner of the chart. […]
Despite the Ongoing Trade Dispute, U.S. Manufacturing Records 5-Month High
24 Sep 2019 @ 14:24
Headline: As the manufacturing segment put up a silent recuperation in September, demonstrating a level of versatility in the more extensive U.S. economy, the trade dispute keeps on negatively affecting the general business standpoint, as per new IHS Markit information. The latest Purchasing Managers’ Index (PMI) overview from IHS Markit demonstrated that U.S. Manufacturing, which […]
Bearish Momentum Returns on the EURUSD Just as Worse Than Expected News Release Halt Its Recovery
24 Sep 2019 @ 13:52
EURUSD Price Analysis – September 23 The eurozone keeps on battling, thus resulting in selling pressure on the EURUSD pair, as fragile worldwide conditions and the U.S-China trade dispute have negatively affected the manufacturing sector in Germany and the remainder of the alliance. On the off chance that the U.K. leaves Brexit without a bargain, […]
China’s New Cryptocurrency
15 Sep 2019 @ 22:20
China plans to release a new digital currency which would bear some similarities to Facebook’s Libra coin. It would be usable across several platforms like WeChat and Alipay. In a recent interview with the Shanghai Security News on the 6th of September, the deputy director of the People’s Bank of China, Mu Changchun, stated the […]
Facebook’s Libra To Apply For Licence In Switzerland
15 Sep 2019 @ 22:05
Swiss financial regulators have signaled that Facebook’s cryptocurrency, Libra is mandated to meet up to extra requirements besides acquiring a payment system license before they can begin operations in the region. In a recent press release, the Swiss Market Supervisory Authority (FINMA) explained that the diverse services projected by Libra have created the need for […]
