EUR/CAD: Canadian inflation and oil affect the pair's exchange rateAs of October 17, the EUR/CAD pair is trading near the level of 1.4937 and shows a slight decrease of 0.02% compared to the previous session. Markets remain waiting for key economic publications on both the euro and the Canadian dollar, which gives the pair low volatility and cautious sentiment ...
On Thursday, USD/JPY shows multidirectional dynamics, consolidating near the level of 149.50, close to the highs of early August. Investors prefer to refrain from active actions in anticipation of the publication of US retail sales data for September. Sales are projected to accelerate to 0.3% (from 0.1%), and excluding cars, they will remain at 0.1%. Data on the production ...
FOREX Fundamental analysis for EUR/USD on October 17, 2024The economic problems of the Eurozone continue to intensify. But, trouble does not come alone. Adding to the expectations of a rate cut by the European Central Bank are the risks of a revival of Trump's trade policy and an unexpected drop in UK inflation below the 2% target. This led to a drop in British ...
GBP/USD continues to decline and is approaching the level of 1.3020. Investors are focused on fresh data from the UK, of which there were quite a lot this week. Inflation slowed significantly in September: the annual consumer price index fell from 2.2% to 1.7%, which is lower than the projected 1.9%. The monthly figure also dropped to 0.0%, although 0.1% was expected. Core ...
In the second quarter of 2023, the German economy stagnated, and before that it declined for two consecutive quarters. Among most economists, this dynamic is considered a sign of a recession. Meanwhile, the key index of business sentiment compiled by the Munich-based ifo Institute based on a survey of more than nine thousand companies fell for the fourth time in a row, ...
The world is moving toward green energy today, and copper is the clear "beneficiary" of this. Renewable energy sources (RES) - solar panels, wind turbines, electric cars, and chargers for them - are in dire need of this metal.For example: about 40 million electric cars are expected to be commissioned by the end of 2023. They need 2.5 times as much copper as cars ...
Changee is a modern exchange service that provides users with the best exchange rates for their cryptocurrency transactions. The platform's new rate selection system ensures that users get the best possible rate for their exchanges. The service is user-friendly and completely transparent, making it a popular choice for cryptocurrency ...
"History repeats itself" is a well-known expression, which is based on the hypothesis that the development of society is a cycle of certain events and phenomena, and that history, like economics, is characterized by cyclicity. Considering that history does not only record the heyday of empires, and that the cycle of the economy always goes through crises, it becomes ...
