A block of important economic statistics is coming out today in the United States, where the most interesting data is the GDP data for the 4th quarter. Analysts expect the economy to slow down from 3.2% to 2.6%. Durable Goods Orders which are expected to grow by 2.5% and unemployment claims are also expected to be released.Important news on Japan will be released ...
FOREX Fundamental Analysis for EURUSD on January 26, 2023The European economy, which avoided a deep and undercurrent recession, is steadily recovering, while the clouds over the American economy are thickening. At any rate, the German government raised its 2023 GDP forecast from (-0.4%) to 0.2%. This keeps the euro stronger in forex trading and allows EURUSD to ...
USDJPY: dollar is under pressureThe trading instrument USDJPY is showing no signs of losing ground, testing the level of 129.30, continuing the downward trend that started on Tuesday, January 24, where the American currency was holding close to the local highs of January 18. The pair is consolidating amid expectations for the macroeconomic bloc to be released ...
During the Asian trading on Wednesday USD/CHF is slightly strengthening.Yesterday the US PMI gave some support to the USD, as services PMI rose from 44.7 to 46.6pts, manufacturing PMI from 46.2 to 46.8pts. The composite index rose from 45.0 to 46.6 pts, but still remains below the key 50.0 level.Tomorrow, the United States will release its fourth quarter GDP ...
"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 ...
Credit Suisse and Lehman Brothers: will the Swiss bank repeat the story of 2008?Swiss bank Credit Suisse is in trouble: its bonds have plummeted to a record low. In addition, the CDS value of these bonds has skyrocketed. This is a kind of "insurance" against default of the issuer, and the greater the market fears about such an outcome, the higher the value of ...
