EUR/CAD: euro is under pressure due to weak economic indicatorsThe EUR/CAD pair is trading around 1.5008 as of October 10, showing a slight increase of 0.13% compared to the previous session. The pair is trying to stay above the 1.5000 level, despite some uncertainty in the economic performance of both countries and global currency markets.The economic ...
FOREX Fundamental analysis for EUR/USD on October 10, 2024The 50 basis point interest rate cut in September was a major step in adjusting the Fed's monetary policy. Despite the movement of inflation towards target levels and the cooling of the labor market in the summer months, the rate at 5% remains high. In early autumn, with the activation of the labor market, ...
FOREX Fundamental analysis for EUR/USD on October 9, 2024The Fed has taken a historic step in an effort to provide a "soft landing" for the US economy. In September, the Central Bank sharply lowered the federal funds rate, hoping for a slowdown in inflation (CPI and PCE) to the target level of 2% amid a weakening labor market. However, recent data showed that the ...
EUR/TRY: euro is strengthening amid the weak economic situation in TurkeyThe EUR/TRY pair is trading at 37.71 as of October 8, which is 0.66% lower compared to the previous trading session. The instrument shows a decrease against the background of weak economic data from Turkey and increased volatility in global markets. Market participants are assessing the ...
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 ...
