Asian stocks fall from Shanghai to Singapore
Australia’s ASX 200 also drops
Social media stocks suffer in the US
Stock markets in Asia dropped on Monday following a sharp drop in the American tech sector on Friday.
South Korea’s Kospi fell 0.1% to 2,293.92 and the Japanese Nikkei 225 dropped...
Stock markets around the world suffer losses
Trump’s new tariffs on Chinese imports blamed
Possible US withdrawal from NATO also contributed
International stock markets suffered yesterday as the trade war between the United States and China became worse and reports surfaced that the US might withdraw from NATO.
On Tuesday,...
Currently trading at around $350
Tesla remains the most shorted stock in US
Some analysts believe it could reach $500
When Tesla stocks kicked off last week at well below $300, few traders or investors would have believed that it would now be approaching $350. Since then, the company...
Investigation has been going on for five years
Maximum fine could be 10% of international turnover
Various other banks also being investigated on similar charges
The latest news from the Eurozone forex front is that European Union antitrust regulators have charged Credit Suisse with rigging foreign exchange rates, according...
USD/TRY reaches new highs
Best performer was CHF
USD also strengthens against EUR, NZD and AUD
The focus in forex markets on 14 August was mainly currency pairs such as USD/TRY, where the lira continued to be punished. In fact, the USD/TRY rate has broken above 7,000 for the...
Core German data could bring more direction to the market
The nearest support level is at 1.1527
1635 is the closest resistance level
The EUR remains in a rather vulnerable position right now. Yesterday, the EUR/USD traded in the region of 1.1550 in the run-up to the release of...
Turkey announces punitive tariffs against many American products
Lira recovers to 5.85 against USD
US alcohol, automobiles and tobacco hit particularly hard
Turkey’s heavily punished currency, the lira, strengthened sharply yesterday morning after the Turkish government announced that it would impose significant tariffs against American products in retaliation for...
USD enjoys another strong day in Asia
USD/JPY reaches new 6-month high
EU-Japan trade deal now heading for respective parliaments
The USD enjoyed another strong day in Asian trading yesterday, building on Tuesday’s strength that was driven by Fed Chairperson Jerome Powell’s testimony on monetary policy before the US...
