EUR/USD: The ECB is considering a rate cut on October 17thThe EUR/USD pair is at 1.0968. Although recent macroeconomic indicators from the eurozone have looked relatively stable, the European currency is showing a downward trend.The number of representatives of the European Central Bank (ECB) supporting President Christine Lagarde's policy of further ...
FOREX Fundamental analysis for EUR/USD on October 7, 2024If the report on the US labor market (Non-farm Payrolls) cannot dissuade investors expecting an imminent recession, then probably nothing will be able to change their minds. In September, employment increased by 254,000 jobs, which significantly exceeded the expectations of Bloomberg analysts. Additionally, ...
EUR/GBP: the drop in business activity in the eurozone puts pressure on the euroThe EUR/GBP pair is near the 0.8550 level as of October 3, showing a slight correction after the recent rise. This value reflects the sideways movement of the pair, which is 0.1% less than in the previous trading session. During the current session, quotes are being adjusted against ...
FOREX Fundamental analysis for EUR/USD on October 3, 2024Historically, various geopolitical collapses - wars, epidemics or financial crises - have strengthened the position of the US dollar in forex currency trading. In early October, despite rising tensions in the Middle East, the reaction of the markets was restrained, with the exception of oil. The EUR/USD pair ...
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 ...
