During Asian trading on Thursday, the pound weakened against the US dollar, retreating to the level of 1.2208, after violent movements the day before.Investors are following the inflation data for December with interest. The monthly figures showed an increase from 0.1% to 0.3%, while the annual figures decreased from 2.6% to 2.5%, which turned out to be worse than ...
FOREX Fundamental analysis for EUR/USD on January 16, 2025The first public statement by Scott Bessent, a candidate for the post of treasury secretary, that the United States should preserve the dollar's status as the world's reserve currency, instantly reversed the growth of EUR/USD observed after the release of inflation data in the United States. It seems that ...
GBP/USD trading idea on January 15, 2025On Wednesday in the Asian session, GBP/USD shows a slight decrease, trading near the level of 1.2200. The pound remains near multi-month lows, due to the fall in the value of British government bonds and weak macroeconomic statistics, which increase the likelihood of further monetary easing by the Bank of ...
AUD/USD analysis on January 15, 2025By the middle of the week, AUD/USD rose to 0.6192, reflecting cautious optimism in the market.At the same time, traders are cautious ahead of the publication of December inflation data in the United States, which may affect the prospects for interest rate cuts by the Federal Reserve in 2025.Earlier, the Australian ...
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 ...
