EUR/USD: a study of dynamics by diagonal indicatorsDespite the favorable macroeconomic indicators of the European Union, the EUR/USD pair continues to lose ground, now being around the 1.0870 mark.Italy's economic growth in the third quarter was 0.1%, which is better than the previous decline of 0.4%, and the economy grew by 0.1% year-on-year, exceeding ...
AUD/USD review from December 4, 2023The American dollar is losing ground in forex trading while the Australian dollar continues to recover, gaining support from national statistics. AUD/USD is trading near 0.6650 on Monday.The October Australian Retail Sales report showed a 0.2% (m/m) decline in the figure, but a 1.2% year-on-year increase was recorded. ...
GBP/USD starts the new week with a slight drawdown, retreating from the local highs of August 31 and trading around 1.2670.Last week there were a lot of significant economic releases from the US and UK. For example, the UK manufacturing sector business activity index rose from 46.7 pp to 47.2 pp in November. The data of the British construction business also showed ...
FOREX Fundamental Analysis for December 4, 2023Investors once again did not believe Jerome Powell's statements about the continuation of the Fed's hawkish course until a complete victory over inflation. Markets remember that a few days earlier three Fed officials, including Powell's deputy, spoke in favor of ending the monetary restriction cycle. The speech of 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 ...
