Day: February 9, 2021

CHARTS & ANALYSIS

MARKET NEWS AND CHARTS FOR 9 FEBRUARY, 2021

EURRUB Russia’s economy is destabilizing from within. A recent news from Moscow suggests that the government is planning to inject $6.7 billion into the economy. This was amid the protests in the country due to growing discontent to Vladimir Putin’s pandemic response. In addition to this, Russia is battling high inflation rate. For January’s report, …

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dollar

The U.S. dollar declined to a one-week low, euro and pound rose

On February 9, the U.S. dollar declined to its lowest in a week as investors started entertaining doubts about the scale of a recent rally driven by anticipation of the fastest pandemic recovery in the U.S. Furthermore, the most popular cryptocurrency, Bitcoin, hit a record above $47,000 as it increased by nearly 20% overnight. The surge …

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telegram

Telegram was the most downloaded app worldwide for January

Telegram, an online messaging app, witnessed a massive gain in new users in January after its peer, Whatsapp, received much criticism for introducing a new privacy policy. Significantly, an American messaging app, WhatsApp, delayed the deadline for a new policy to set in till May 15. During this turmoil, other applications such as Telegram and Signal have …

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China's Restaurants & Hotels Face Gloomy Lunar New Year 

China’s Restaurants & Hotels Face Gloomy Lunar New Year 

China hotels and restaurants face a lackluster Lunar New Year holiday this year with the travel curbs and stay-at-home orders. The government advises people to avoid big gatherings would likely be a blow to China’s domestic tourism this year. The Chinese Lunar New Year traditionally kicks off one of the country’s biggest spending sprees. Government …

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