USD/CHF analysis on December 5, 2024In Thursday morning trading, USD/CHF is trading near the 0.8835 level, reflecting low market activity. Market participants are waiting for important data on the US labor market, which will be published on Friday at 15:30 (GMT+2). These data may affect forecasts for a possible Fed rate cut at the December 17-18 meeting.It ...
On Thursday, USD/JPY is trading near the 149.87 mark, retreating from the highs of November 29. Published macroeconomic statistics of the United States further offensive of the "bulls".Investors paid attention to the employment data from ADP. In November, the indicator decreased to 146.0 thousand against the revised 184.0 thousand in October, which turned out to be ...
FOREX Fundamental analysis for EUR/USD on December 5, 2024For the first time since 1962, the French National Assembly dismissed the government. Although this event was an important political milestone, it did not turn into a disaster for the euro. France is facing a period of uncertainty - the dissolution of parliament is impossible, the appointment of a new prime ...
GBP/USD continues to show weak growth around the 1.2695 mark, trying to regain lost positions. However, the activity of buyers remains low.The pair was influenced by the negative macroeconomic statistics of the United Kingdom. Retail sales fell 3.4% in November after rising 0.3% a month earlier, although analysts had expected an increase to 0.7%. Business activity ...
FOREX Fundamental analysis for EUR/USD on December 4, 2024The euro continues to hold its position despite the political instability in France, where the government is teetering on the verge of resignation. However, this factor, coupled with the economic slowdown in the Eurozone, the ECB's aggressive monetary policy and new trade duties from Donald Trump, ...
EUR/USD: investors' attention is focused on the crisis in FranceThe EUR/USD pair is correcting near the 1.0509 mark, demonstrating a decrease in interest in the US dollar, but at the same time not receiving sufficient support from the macroeconomic data of the eurozone.According to forecasts, the November index of business activity in the Spanish services ...
AUD/USD is fluctuating in a sideways trend near the 0.6467 level. Despite the positive macroeconomic data from Australia, the local dollar does not show significant strengthening.According to reports from the Australian Bureau of Statistics (ABS), retail sales increased by 0.6% in October, which was the third consecutive increase after +0.1% in September and +0.7% ...
FOREX Fundamental analysis for EUR/USD on December 3, 2024While political instability in France is intensifying, the EUR/USD exchange rate continues to decline. Internal conflicts, including a coalition of leftists and a National Association trying to express distrust of Michel Barnier's government, undermine the position of the euro. Even Marine Le Pen's ...
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 ...
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 ...
Geometry in financial marketsTechnical analysis is a serious method of forecasting the movement of asset prices on the stock exchange. Its adherents believe that all the events, news, emotions and decisions of the exchange participants are already embedded in the price that the trading chart displays.Unlike fundamental analysis, economic calendars, news ...
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 ...
