EUR/USD: economists see a likely ECB rate cut in DecemberThe EUR/USD pair is trading with signs of corrective growth around 1.0574, which is facilitated by the weakening of the US dollar and support from positive data on the eurozone economy.The publication of data on the gross domestic product (GDP) of the eurozone for the third quarter is expected today ...
AUD/USD analysis on December 6, 2024After the Friday morning session, AUD/USD is in a sideways movement near the 0.6430 level. The flat dynamics are associated with weak economic indicators of Australia and the weakening of the US currency.The Australian economy showed GDP growth in the third quarter from 0.2% to 0.3% in quarterly terms, which was lower ...
On Friday, USD/CAD shows weak growth, testing the strength of the 1.4030 mark. The volatility of currency pairs on forex remains low, as market participants are awaiting key data on the US and Canadian labor markets.In the USA, an increase in the number of jobs outside agriculture is expected by 200 thousand after the previous 12 thousand. At the same time, the ...
FOREX Fundamental analysis for EUR/USD on December 6, 2024Investors are beginning to realize that Donald Trump's statements before his return to the White House do not pose much of a threat. Even if the Republican tries to implement his plans, it is not a fact that American lawmakers will approve them. Therefore, the optimal forex trading strategy for today is to ...
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 ...
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"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 ...
