In Thursday's Asian session, the GBP/USD pair is trading near the 1.2590 level, partially recovering the losses of the previous day. The upward trend is supported by the factors of John Murphy's technical analysis, however, market participants remain cautious in anticipation of the decision of the Bank of England, which will be announced today at 14:00 (GMT+2). Experts ...
FOREX Fundamental analysis for EUR/USD on December 19, 2024Trading is often compared to a race between the Fed and the markets, where the latter are usually ahead. However, this time the Federal Reserve surprised by causing sharp fluctuations in assets. The US dollar index has peaked since 2022, becoming the growth leader among other forex currency indices, stock ...
USD/CHF: the dollar continues to grow, approaching the peaks of NovemberDuring morning trading, the USD/CHF pair continues to build up the bullish momentum achieved last week, rising to a maximum on November 22 at 0.8955. However, market participants remain restrained, awaiting the outcome of the final meeting of the US Federal Reserve System this year, which will ...
USD/CHF analysis for December 17, 2024During Tuesday morning trading, the USD/CHF pair continues to strengthen, developing a bullish trend that began last week. Quotes have updated the maximum from November 22 at 0.8955, however, market participants prefer to act cautiously, waiting for the results of the final meeting of the US Federal Reserve this year, which ...
On Tuesday, USD/JPY is trading with versatile dynamics around the 154.20 mark, not far from the local highs on November 25. The volatility of currency pairs remains restrained, as market participants are awaiting the results of the two-day meeting of the US Federal Reserve, which will be announced tomorrow at 21:00 (GMT+2).According to the CME Group, the probability ...
FOREX Fundamental analysis for EUR/USD on December 17, 2024A strong economy invariably supports a strong currency — this time-tested principle continues to prove its relevance. The latest business activity data again highlights the superiority of the US economy over the Eurozone. While the aggregate PMI of the Euroblock countries is only approaching the critical ...
EUR/USD: the euro is looking for a boost from the 1.0460 levelDuring the Asian session, the EUR/USD pair strengthened by 0.12%, reaching 1.0515, continuing to develop positive dynamics after the decision of the European Central Bank (ECB) to reduce the interest rate by 25 basis points to 3.15%.ECB President Christine Lagarde stressed that the eurozone ...
AUD/USD analysis on December 16, 2024On Monday, AUD/USD is moving in a sideways corridor near the 0.6375 mark, continuing to show a decline against the background of moderate activity of the US dollar. Although the dynamics of the pair has slowed down somewhat in recent days, the overall trend remains downward.Despite the "hawkish" approach of the Reserve ...
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 ...
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 ...
