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Following The Success Of Covesting’s First Five-Star Trader

Weeks ago, a challenge was put out amongst the trading community: try to become the first five-star Covesting trader. At the time, the feat...

Export Retention Standardized for All Sectors by RBZ

The Reserve Bank of Zimbabwe announced on August 21 that it had set the threshold for foreign currency retention at 70% for all exporters....

Dollar Moves Higher Due to Positive Sentiments in the Currency Markets

The dollar moved higher today, snapping a seven week-long losing streak. It was supported by stronger jobs data and global currency market demand for...

No Consensus by Lawmakers on U.S Fiscal Package—Dollar Takes A Hit

As U.S lawmakers, the Republicans and the Democrats fail to reach a consensus on the way forward for an economic stimulus package, the dollar...

Pressure on the Dollar as Vaccine Hopes Rise High

The dollar came under sustained pressure as a fiscal package to rescue the economies in the European Union and the positive progress towards a...

Euro Hovers Near Four-Month High as Sectors Aims at the EU Summit

On Monday, the Euro climbed almost four months up from the dollar. As the investors, expected the European leaders crack the deadlock, and ink...

Hopes of a New Vaccine Pushes the Dollar to a One-Month Low

On Wednesday, the currency markets saw a revival of the risk sentiment as the steady progress towards the COVID-19 vaccine helped to strengthen the...

The Crude Oil Stocks Saw a Rise Due to Global Stocks Recovery

The global oil demand fell by a record of 9.3 MB/d in April 2020. This was primarily due to the reduction in the effective...