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Nov 28, 22 •
928 Views •
Top News •
Zahir Shah
Comments Off on China’s COVID-led Chaos Scares Market Optimism
The dollar edged higher on Monday as protests in China against the government’s COVID-19 policy pushed investors away from riskier assets and sent the Chinese yuan down to more than a two-week low against the safe-haven dollar. Protest against lockdown...
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Oct 31, 22 •
988 Views •
Top News •
Zahir Shah
Comments Off on US Stock Market Posts 2-Week Winning Streak Since Summers
Technology stocks posted solid gains on Wall Street on Friday, capping another strong week for the market as investors cheered solid gains from Apple and others. The S&P 500 was up 2.5%, posting a 2-week gain for the first time since August. The Dow Jones...
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Oct 31, 22 •
3295 Views •
Top News •
Zahir Shah
Comments Off on Twitter May Downsize Massively After Elon Musk’s Takeover
The WSJ writes that Twitter Inc. is developing plans for mass layoffs, citing knowledgeable, confidential sources. And it’s only been a few days since the social media platform was acquired by billionaire Elon Musk for $44 billion. One of the sources...
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Oct 29, 22 •
1316 Views •
Forex News, Top News •
Zahir Shah
Comments Off on US in No Hurry to Cap the Price of Russian Oil
On December 5, the price cap will take effect. Penalties may apply to cargo in transit that arrives at the buyer after December 5. In the West’s economic struggle with Russia, the Biden administration is seeking to allay industry fears of a new...
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Sep 30, 22 •
2612 Views •
Top News •
Zahir Shah
Comments Off on The Dollar King Damages All But Not America
In almost every country except the United States, the mighty dollar cripples the economy and destroys everything around it. It’s not America’s problem, at least for now, and the dollar’s historic rise is unlikely to stop anytime soon. By...
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Sep 29, 22 •
2272 Views •
Top News •
Zahir Shah
Comments Off on What if the West forbids Russia from Trading in Dollars?
The Mosbirzhi group will not disappear from the dollar, and euro markets with the imposition of sanctions – the Central Bank of the Russian Federation will determine the exchange rate. Earlier, Moiseev imposed sanctions on settlement transactions to...
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Sep 28, 22 •
1820 Views •
Hot Trading News, Top News •
Zahir Shah
Comments Off on Yuan falls to the lowest level since 2008 as PboC Loses Control
The mainland yuan fell to its weakest level against the dollar since the 2008 global financial crisis amid a steady rise in the US currency in currency trading and rumors that China is easing support for the local currency. The domestic yuan weakened to...
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Sep 27, 22 •
1192 Views •
Forex News, Top News •
Zahir Shah
Comments Off on GBP/USD Slightly Recovers After Hitting Record Lows
As the BoE and UK Treasury sought to calm jittery markets, the pound rose slightly in Europe on Tuesday morning. As UK Chancellor Kwasi Kwarteng promised more tax cuts, the pound fell nearly 5% to a record low of $1,035 the day before. Despite the rise,...
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Sep 6, 22 •
1472 Views •
Forex News, Top News •
Zahir Shah
Comments Off on Historic Dollar Surge Plays into the Hands of the Fed
The dollar is skyrocketing against the world’s major currencies, approaching an annual record in almost 40 years and the third-biggest gain since President Richard Nixon ended the gold standard more than 50 years ago. Is the Fed Concerned About the...
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Aug 30, 22 •
3038 Views •
Forex News, Top News •
Zahir Shah
Comments Off on Yuan Plummets to a 2-year Low After Powell Rocked Financial Markets
The Fed’s hawkish message sent bond and stock markets swooning, with the dollar updating a 20-year high. The yuan weakened to a fresh two-year low after Fed Chair Jerome Powell signaled a long-term rate hike, prompting the People’s Bank of China...
