FOREX Fundamental analysis for EURUSD on March 21, 2023The Fed's two-day meeting starts today but it is already clear that there is no unequivocal opinion among the FOMC members on further rate hike. Some officials, who fear a banking crisis, say they will postpone a monetary tightening at least into March. Others believe that the difficulties in the banking ...
AUDUSD: Short-term sideways trend appears in the pairThe AUDUSD currency pair is trading in a moderate decline, resuming the dynamics of the "bears", having completed the two-day growth by the end of the previous week. The pair is in the area of 0.6700 descending correction, while the US dollar is under the pressure of the macroeconomic data and waiting for the ...
Fundamental analysis FOREX for March 20, 2023Three large credit institutions in the United States declared bankruptcy in March and First Republic bank needs urgent financial aid. This indicates the serious problems of the financial system, and the problems are global, since the banking crisis is spreading around the world very quickly. Credit Suisse of Switzerland ...
USDCHF: Swiss Central Bank assessed readiness to support Credit SuisseThe USDCHF trading instrument shows a moderate decline under the influence of the corrective impulse received earlier, where the asset occupied local highs for March 9.The franc gained support amid a change in investor sentiment on the further development of the crisis in the banking ...
FOREX Fundamental analysis for EURUSD on March 17In the atmosphere of an impending banking crisis the main goal of the ECB was not to cause any harm. The regulator might well have abandoned the monetary restriction or conducted it in a smaller volume, but Christine Lagarde's team acted according to the initial plan and raised the rate by 50 basis ...
GBPUSD: UK economic outlook assessed by the governmentTrading instrument GBPUSD is showing weak dynamics, trying to win back the losses of the last two sessions, in the backdrop of which the asset updated the local minimum of March 10. The pair traded around 1.2080, continuing to grow in anticipation of new stimulus for the correction.Earlier the head of ...
Forex analytics on USDJPY for March 16USDJPY remains in a narrow price range on Thursday, consolidating after a sharp decline.The macroeconomic statistics, published in Japan, had no effect on the dynamics of the asset. Industrial production in January lost 3.1% (y/y), which was worse than analysts' forecasts. In monthly terms the fall is even more obvious ...
After a two-day decline with a renewal of the low of March 10, GBPUSD starts to recover its losses on Thursday. During the Asian session the pair tested the resistance 1.2080 to break up.Today the U.S. will release a report on jobless claims and construction industry statistics. Tomorrow, the University of Michigan will release consumer confidence index for ...
"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 ...
In another interpretation, it is also called lovers' day. But, in the end, what difference does it make, the root is one - love! And love, as the poet said, all Forex is submissive! Did the poet say something wrong? Well, it's just that there was no forex back then, he would have corrected himself…Have you ever wondered what there might be in common between FOREX ...
Sri Lanka (an island nation in southern Asia) has literally run out of gasoline and diesel fuel. India will provide assistance. Fuel from neighbors will arrive in the country in mid-July.India has been helping Sri Lanka for 3 months. During this time, 400,000 tons of fuel were shipped. For comparison, in the USA, more than 17 million tons are spent per day. So ...
The "pearl in the crown of Switzerland" and one of the richest banks in the country, Credit Suisse, is again at the center of a scandal: the company was fined 2 million francs for legalizing the proceeds from international cocaine trafficking.As it turned out, the capital of the Bulgarian mafia was stored in Credit Suisse. From 2004 to 2008, the bank conducted ...
The Nasdaq Composite index has already lost more than 30% since the beginning of the year. And according to Alan Greenspan, the iconic chairman of the Fed, if the stock market falls by 30-40% in a few weeks or months, then it's a bubble.So, what's in our yard? Maybe this is the dotcom 2.0 crisis?The Dotcom Bubble in 2000: How the market collapsed 20 years ...
Brokers are offering more and more services and different types of accounts, which often confuse beginners. An ECN forex account is a type of order execution that takes trades directly to the interbank market. Let's consider how to operate correctly in this environment and whether it is profitable for traders.What is an ECN account?Electronic Communication ...
A recession is an extremely serious and prolonged period of dropping economic acts and data that affects an entire country or even a group of them. It has far-reaching and serious consequences that affect the country's citizens, governments, companies and investors.There is no unambiguous meaning of a recession, but it is usually characterized by a decline in a ...
If you already have basic knowledge of how to work in financial markets and are on the verge of building your own trading system, I recommend studying the Ichimoku indicator. The Ichimoku indicator combines the power of five lines and Japanese imagery. Currently, it is becoming more and more popular among traders, being a solid foundation of their trading systems. This ...
To assess the current state of the economy and future trends, investors use various tools: GDP dynamics, stock indexes, unemployment, inflation, PMI business activity index, producer inflation, consumer expectations indicator, etc. But in addition to stock indexes, you can also analyze the value of the national currency of the United States - the dollar.Since the ...
