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Updated by Alexander Zane on Jan 23, 2021
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Forex Trading, Stock Exchange, Cryptocurrencies

Online Stock Trading, Forex, and Crypto Trading

OECD Upgraded its Forecast For Global Economic Output

The OECD expects the world economy to shrink by 4.5% in 2020. However, the previous forecast was 6%. The state of the world economy.

Where Does The Money Come From In Forex? | WiBestBroker.com

If you are starting on Forex and wondering where does the money come from in forex, we give the answers to kick on the market off with the top knowledge.

How To Rate a Forex Broker - Forex Experts Reveal the Ins and Outs.

The broker plays a vital role in the Forex market. Before choosing the best forex broker, ✔️ you must know how to rate a forex broker according to established criteria.

Why You Should Trade Forex: FX Trading in 2020?

If you are wondering why you should trade Forex here are the top benefits of forex trading as well as answers of most common questions. When choosing which market to invest in, traders look for optimal trading conditions and the best chance of making a profit.

Forex and CFD: What is the Difference? | WiBestBroker.com

What are the differences between Forex and CFD? Where can a trader benefit the most, and what you should know about each of them? There is not much to explain in terms of what Forex or CDFs mean; Forex stands for Foreign Exchange, and CFD means Contract for Difference. These are the investment options that are most popular amongst traders. They both have desirable benefits, but there is no right answer to which one is better.

UK Regulated Forex Brokers: Why It Matters? | WiBestBroker.com

How brokerage in the UK works and what to pay most attention to. What is so important about the UK Regulated Brokers?

Where is Forex located? Is it decentralized or not?

Where is Forex located? Is it a good thing that it's on the internet? Is it decentralized or not, and how that helps the economy and the trader itself?

U.S. dollar declined against the other major currencies

The U.S. dollar tumbled down against European and Asian currencies on Wednesday. While traders observed mass protests against racism spreading across the United States, the British pound, the yen, and the Swiss franc jumped against the dollar.
The U.S. currency plummeted down to 108.47 against the Japanese Yen. And it came to 0.9613 Swiss francs, falling close to a two-month low. Furthermore, the greenback tumbled down to a one-month low of $1.2615 against the British pound.

No End-to-end Encryption for Free Zoom Users | Wibest Broker

Video chat company Zoom confirmed this week that it won’t allow end-to-end encryption to be free of charge. This is partly because it wants to give law enforcement access to these calls if necessary.
Zoom CEO Eric Yuan said they think this feature should be a part of their offering for professional customers. They don’t want to give it to free users, because they also want to work together with the FBI. They also want to work with local law enforcement, in case some people use Zoom for malicious purposes.

Stocks in Asia and Another Successful Day

Governments around the world are working hard to support the economies. Countries such as the U.S., Germany, Japan, France, and others are willing to spend billions of dollars. However, it will take time to stabilize the situation, as millions of people across the world lost their jobs. However, there are issues as well, rising tensions between the U.S. and China. This problem has the potential to affect stocks.

The situation in the United States, and Chinese Companies

Against a basket of six major currencies, the United States dollar index fell to its weakest since mid-March. Before settling in neutral territory at 97.82, it had been at its most vulnerable since mid-March, at 97.44.
Following a peak hit in March, the index has fallen by about 5%. This was the period when the panic over the COVID-19 pandemic gripped the world’s financial markets. Thus, this prompted investors to scramble for the safety of the dollar.

Hong Kong’s Hang Seng Index, Security Law and Stocks

Hong Kong’s Hang Seng index fell on May 28 to close at 23,132.76. Moreover, stocks in the Asia Pacific were mixed due to rising tensions. Notably, Japenese stocks led gains among the major regional markets. The Nikkei 225 gained 2.32% to close at 21,916.31 as shares of index heavyweight Fast Retailing jumped 3.7%. In the meantime, the Topix index added 1.8% to finish the trading day at 1,577.34. Also, mainland Chinese stocks were mixed on the day, the Shanghai Composite added 0.33% to about 2,846.22 but the Shenzhen Component dropped 0.273% to around 10,653.49.

Ripple’s XRP rebounded on Wednesday. How much did it gain?

Ripple’s XRP climbed up by 0.70% to $0.19495 on Wednesday. After a bullish start of the day, the crypto soared from an early morning low of $0.19385 to a high of $0.19510.
However, Ripple’s XRP declined by 1.20% on Tuesday, ending the session at $0.19359. The crypto jumped to an early morning intraday high of $0.19680 before reversing course. But Ripple’s XRP dropped to a late afternoon intraday low of $0.19142 after falling short of the first major resistance level at $0.1991.

World’s Largest Economies, Hong Kong and Stocks

The pandemic could jeopardize the future of the trade deal and the U.S.-China relations in general. The trade war between the U.S. and China dates back to 2018. In January, the U.S. and China signed a partial trade deal. Another disagreement between the largest economies will create even more problems for the global economy. This news affected the stocks.