After Powell's remarks, European stocks hit a nine-month high, as the dollar wobbles.

On Wednesday, global stocks soared and most currencies rallied against the dollar as investors perceived a dovish tone in comments from Federal Reserve Chair Jerome Powell, albeit an ECB policy change meant European bonds sat out the rally. MSCI's world stock index increased 0.3%, returning t...

With today's closure, the value of one US dollar was 81.77 rupees

As the US dollar strengthened elsewhere and oil prices rose, the Indian rupee ended Tuesday at a preliminary rate of 81.77 USD/INR (minus 19 paise). Investor sentiment, according to forex traders, has taken a hit due to prolonged withdrawals of foreign funds. The rupee started the day trading at ...

Germany Refuses 5 billion Dollar Chip Deal with Taiwanese Firm

A Taiwanese firm, Global Wafers, that manufactures silicon wafers for computer chips shall no longer go ahead with its plans of purchasing the rivaling Siltronic, a Munich-headquartered firm, as German policymakers refuse to approve the deal in time.

The deal collapsed on Monday as the ...

Scott Morrison Announces 630 Dollar Visa Rebate for Backpackers and International Students

In order to motivate tourists coming into Australia, the Prime Minister of the country, Scott Morrison, has announced that the visa application fee for international students and backpackers will be refunded in an attempt to address the shortage of workforce in Australia.

On Wednesday, ...

ARMIE HAMMER NOW AXED FROM UPCOMING THRILLER ‘THE BILLION DOLLAR SPY’

Highlights

• According to the reports, actor Armie Hammer has been dropped from Cold War thriller ‘The Billion Dollar Spy' directed by Amma Asate for Walden Media

• Hammer was signed for this project before he became part of the controversy over graphic mes...

BITCOIN CRASHES 20 PERCENT ON MONDAY

Highlights

• The cost of cryptocurrency Bitcoin slumped 20 percent on Monday to $31,756 in the worst well-off since March 12 when it had crashed 37 percent in a single day

• The US dollar index was trading at the day's high of 90.66, up 0.6 percent as short cover...

S&P 500 STOCKS MOVES TO GREEN POST RE-OPENING, MARKET BOOSTS DUE TO HOPE

Highlights:

• Investors are encouraged by the re-opening of the US economy
• Dollar slides to a decade low, while S&P 500 moves to the green for the year 2020

As the reopening of the 50 US economies pumped new hope into the investors, the market soar...

LEBANESE CURRENCY CRISES LED TO ECONOMIC MELTDOWN

Highlights:

• Lebanon's currency has lost about 60% of its value while the government is facing an unprecedented economic crisis.
• Protests have erupted over the government’s handling of the unprecedented economic crises.
• This is mar...

SOUTH KOREA’S FOREIGN CURRENCY DEPOSIT DECLINE ON STRONG USD

Highlights:

• South Korea’s foreign currency deposits slump in January with the selling of USD funds.
• Foreign currency deposits recorded as 74.98 billion U.S. dollars at the end of January.
• Marked as the biggest monthly decline in 11 mo...

Digital Renminbi Coins, Electronic Dollar and the Stablecoins Backed Race to Central Bank

Top central banks around the world are preparing to introduce their state-backed digital currency. With its digital renminbi coins, China has set the pace with hopes of gaining a competitive advantage over the US in world trade.

The International Monetary Fund (IMF) assumes that, in add...

Trump is partially intended to postpone China's push into new technology

Trump's "phase one" agreement with China, to be signed on Wednesday, is partially intended to postpone China's push into new technology such as electric cars by protecting the intellectual property of American companies.

Which brings a certain irony to Tesla's firs...

Turkish stocks fall, state banks prop up lira after U.S. kills top Iranian

Turkish stocks fell and state-run banks reportedly intervened to prop up the lira after the United States killed top Iranian commander Major General Qassem Soleimani in an airstrike.

The main BIST-100 index of shares dropped by 1.9 percent to 113.684,01 points at the close of trading in...

DOLLAR FELT A SIGH OF RELIEF AFTER A BOOST IN MANUFACTURING SECTOR

On Friday, the dollar overcame the weakness as dismal economic news from Europe and the UK had a significant dreadful effect on major rivals. The figures released by the US has pointed towards improvement in the manufacturing sector.

The dollar is recorded to be at six-session low and i...

Hryvnia refreshes four-year most extreme at UAH 23.50 per U.S. dollar set for Dec 16   

An economy (from Greek ο?κος – "family" and ν?μoμαι – "oversee") is a territory of the creation, dissemination, and exchange, just as utilization of products and enterprises by various operators. Comprehended in its ...

Indian Forex

A straightforward cash related methodology from the ECB and the US Federal Reserve has flushed market with liquidity. Seven days prior, we saw the Indian worth market-production another high. Overall estimation is bullish on trade talks between the US and China. The simple financial game plan fro...

EUR/USD dropped by nearly 1.10

The previous day, FX trading was very familiar with what occurred late. USD / JPY took barely noticeable advantage of the risk-on context as markets even now see signs of benevolence from the United States and China for a first-phase trade deal. USD / JPY just under 109 closed the day. EUR / USD ...

US dollar bonds from China

The bond market has been seeing huge demand, and there have been major changes in the global outlook of the market as there has been the issuance of bonds from major firms as well as major countries like Turkey and Japan, which are issuing bonds to increase their borrowing power. The United State...

The potential market for a dollar and Donald Trump

According to the latest news, the dollar was very much stronger last week, and it was much stronger when it was against the yen. On Tuesday that it is also Cruel and optimistic approach where a speech was presented by the United States President Donald Trump, which said that the taxes are now imp...

The active environment due to trump's trade comments

According to the latest news, attention has been mounting towards the president of United States Donald Trump's speech, which was given at the New York economic club. This speech watch given by Donald Trump was given on November 12, addressing the committee is present in the club. After Donal...

Why forex trading is better for someone who doesn't want to work hard

Forex trading is a trending thing in the market now with more and more people taking an interest in the forex sector, citing the benefits of trading in forex, and benefiting from the trade and forex trading can be learned by anyone in a very easy way. Trading forex is no rocket science, and with ...