In previous months, there has been an increase in the correlation between the euro and prices of natural gas, with the latter declining as energy prices increase. Prior…
Bleta Musa
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BusinessCommoditiesNewsStocks
Increased Stock Woes as China Has the Most Dismal Real Estate Results Since the 2008 Financial Crisis
by Bleta Musaby Bleta MusaAs per figures compiled by Bloomberg, the combined net income for the 136 real estate firms that disclosed earnings in Hong Kong and China fell 87% in the…
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BusinessNews
Over 50% of the Smartphone Market in the US: Apple Surpasses Android
by Bleta Musaby Bleta MusaSince the iPhone’s introduction in 2007, this is its best sales total. According to Apple CFO Luca Maestri, the figures offered by the researchers are predicated on how…
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ForexNews
The Anticipation of the Nonfarm Payroll Figures in the US Sends the Chinese Yuan to New Lows
by Bleta Musaby Bleta MusaThe yuan dropped to 6.9027 despite the People’s Bank’s (PBOC) stronger midpoint adjustment following a private poll that revealed that Chinese manufacturing output declined in the last month.…
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ForexNews
Yen Dropping to a 24-Year Low Makes Japan Issue a Cautionary Statement on Volatility
by Bleta Musaby Bleta MusaInvestors prepared for more vigorous interest rate increases by the Federal Reserve, which would make the yen significantly less appealing. The currency dropped to 139.69 per dollar, the…
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ForexNews
The US Dollar Reverts From Recent Highs, Relieving Pressure on Gold
by Bleta Musaby Bleta MusaSpot gold increased to $1,738.55/oz, and gold futures also increased to $1,750/oz. Gold prices rose on August 29 thanks to a minor decline in the value of the…
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ForexNews
The Drop of the Japanese Yen to 140 Initializes Currency Intervention Discussion
by Bleta Musaby Bleta MusaThe yen has fallen almost to 4% in August and traded at the 138.50 mark on August 30 as traders refocused on Japan’s interest rate differential with the…
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The rate bets helped the euro to rise to $1.00295 by 0.32% while continuing the previous day’s climb, although from lows close to 20 years ago. This surge…
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ForexNews
Asian Currency Losses Spearheaded by the Chinese Yuan as the US Dollar Surged
by Bleta Musaby Bleta MusaThe yuan fell to 6.9160, reaching its lowest point since 2020. Data released before today revealed a fall in industrial earnings in China through last month, pointing to…
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ForexNews
Moscow Session: The Russian Rouble Remains Stable Around 60.5 Against the Greenback
by Bleta Musaby Bleta MusaAt 60.55, the Russian rouble was weaker than the US dollar by 0.1%. The rouble was up 59.99 against the euro by 1.1% following a dramatic shift at…