USD/CAD: the pair is moving in the local corridor 1.3330–1.3250The Canadian currency is strengthening against the background of strong macroeconomic statistics, and the key support area of 1.3330–1.3250 is currently the goal of reducing the USD/CAD pair.Last week, data on Canada's gross domestic product (GDP) was published, which in quarterly terms amounted ...
Everyone was very afraid that the US would default, but it seems to have been cleared: Congress approved the increase of the national debt limit. But that doesn't mean that all is well ahead. As soon as the US starts printing new Treasuries, their stock market might crash. After all, the big problems of the US economy are not going anywhere.The budget deficit will ...
FOREX Fundamental analysis for EUR/USD on June 6, 2023No sooner had the fears concerning the national debt ceiling subsided, than a new shock awaits the financial system of the United States. In the near future the Treasury will have to redeem more than $1 trillion worth of debt bonds. This will severely reduce liquidity at banks and increase short-term borrowing ...
EUR/USD: experts expect decline in business sentiment in the EUThe pair EUR/USD showed a decline, reaching the level of 1.0697, and a negative trend compared to its main competitors, including the U.S. dollar. This trend could intensify after the publication of macroeconomic data.Today, investors will pay attention to the Italian Service Business Activity ...
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 ...
OPEC+ is markedly reducing oil production - in fact, the exporting countries will pump about 1 million barrels less per day. We have written earlier on why this is so.As a result, supply at the market has become lower, so prices have gone up and are approaching $100 per barrel again.What will the U.S. do after the OPEC+ statement?The coming energy ...
Apple CEO Tim Cook said that the word "meta-universe" is still misunderstood by the vast majority of people in the world. That's why Apple is trying to avoid the term. The company has mentioned it once. But Meta (recognized as an extremist organization) has used the word "meta-universe" 36 times in its reports this year.And before, Apple was not afraid to set trends ...
