The Trump administration announced a ban on Chinese mobile phone equipment giant Huawei and US giants were surprisingly quick to comply. Huawei is at the heart of the current storm and it’s currently experiencing major disruptions across the global supply chain. According to reports, many chipmakers such as Qualcomm, Broadcom, Intel and Xilinx stated that they will not supply Huawei and Google paused the supply of hardware and various software services. How come Huawei is taking the heat for the growing tensions between the US and China? Well, according to President Trump, it assisted the Chin ..read more

One of the more popular instruments Forex traders like to trade is the Euro against the US dollar, or as it’s otherwise referred to; the EUR/USD. One reason is because both the Euro and the US dollar are two of the most popular and most often-used currencies worldwide. But what actually affects these currency prices? That’s something that many Forex traders are trying to figure out on a daily basis. That’s because they consider the factors that spark price movements to be the key to successful trades. In the following piece, we will explore the possible factors that could affect the EUR/USD. I ..read more

We’re already a week into May and what Bloomberg refers to as a ‘Super Rally’ in stocks appears to still be in motion. That said, there are some possible indications of a weakening in the force that drove the US indices to new highs. And let us not forget, investors still remember the end of 2018 and the stock crash it brought. While the current uptrend might suggest a psychological effect of optimism by those who went through the bear market and survived, the shift could happen any moment. In the beginning of the month, Fed Chair Jerome Powell appeared to be lowering expectations regarding an ..read more

Nestle, the world’s largest food company in case you didn’t know, reported a great start to a year on April 17th. How great, you ask? Best results since 2016. This is an interesting report, considering that many food and beverage companies are battling growing consumer awareness and changing preferences. What helped Nestle where other failed and what does it mean for the company’s shares? Let’s take a closer look. What helped the positive earnings report? Great question. As is usually the case though, there is more than one factor involved. First, the company raised prices, a step that has t ..read more

Beijing has announced their intention to crack down on cryptocurrency mining in renewed efforts to eliminate an industry that is already suffering from dwindling investor interest. Is this the usual threat with no substance or is the cryptocurrency industry under real threat? Let’s take a closer look.   The new guideline The government’s economic planning division added crypto mining to a long list of industries it seeks to eradicate citing “seriously wasted resources” or environmental pollution. The National Development Reform Commission, which is the government agency that compiled the list ..read more

Lots has happened in the markets last week and it can be challenging for a trader to keep up. But fear not: The iFOREX Blog is here to the rescue. The following is a quick summary for your reading pleasure.   UK companies already paying for Brexit Although the future of the Brexit is still undecided, the entire experience is already accumulating high costs for the UK’s biggest companies. Millions have been spent on contingency plans across the board in an effort to cover themselves in case of a no-deal split from the EU. This would be considered by many as a worst-case scenario. Meanwhile, att ..read more

According to variosu reports and rumors, UK Prime Minister Theresa May’s cabinet might be readying for an overthrow. Their main demand is an interim Prime Minister that will complete the Brexit process on schedule. Her deputy, David Lidington, is being asked to replace May until a formal election for the UK’s new leader takes place. If May refuses to step down, the parliament members are expected to confront her today, threatening her with resignations on a grand scale according to a report from the Sunday Times. According to tweets by ITV reporter Robert Peston, veteran cabinet ministers won ..read more