On Tuesday, AUD/USD shows a smooth decline and tests the level of 0.6710 for a breakdown downwards. Yesterday, the instrument was also under pressure and reached new local lows since October 10, before the bulls temporarily regained some of the lost positions.The main pressure on the pair at the beginning of the week was exerted by economic data from China, which ...
FOREX Fundamental analysis for EUR/USD on October 15, 2024If the Federal Reserve surprised financial markets by lowering the federal funds rate by 50 basis points, then why shouldn't the European Central Bank (ECB) follow suit? Before the Fed meeting in September, few expected such a drastic step, and now many analysts consider the reduction of the ECB deposit ...
EUR/JPY: The Bank of Japan maintains a soft policy amid lower inflationThe EUR/JPY pair is trading around 163.10 as of October 14, which is 0.01% higher compared to the previous trading session. After volatile fluctuations at the beginning of the week, the instrument showed stabilization as traders continue to monitor the economic data of the Eurozone and Japan, ...
NZD/USD is trading sideways with almost no changes near the 0.6090 mark. The volatility of currency pairs in the market remains low, as the American stock exchanges are closed due to the celebration of Columbus Day. In the morning, data on the New Zealand economy were published, which turned out to be mixed. The Business NZ index of business activity in the service sector ...
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 ...
