AUD/USD: market is anticipating the Australian inflation report for the quarterThe AUD/USD pair is experiencing a moderate rise, continuing the positive trend started yesterday, and is striving to exceed the value of 0.6450, updating the highs since April 15 against the background of current economic indicators.The index of manufacturing activity in ...
FOREX Fundamental analysis for EUR/USD on April 23, 2024The head of the French Central Bank, Villaroy de Galo, argues that the conflict in the Middle East will not affect the ECB's determination to cut rates in June. However, a downturn in geopolitical tensions could change the outlook for the US dollar. The volatility of Brent contributed to the growth of the ...
EUR/USD: correction before data on consumer confidence in the eurozoneIn the current trading session, the EUR/USD pair is showing cautious growth, continuing the "bullish" trend set at the end of last week. At the moment, the euro is trying to overcome the level of 1.0665, while the market is waiting for new catalysts of movement. The fundamental situation today ...
FOREX Fundamental analysis for EUR/USDThe decrease in tension in the Middle East has breathed new forces into the euro. In the previous case, when EURUSD reached parity in 2022, an energy crisis broke out in Europe, and a possible war between Israel and Iran, further raising energy prices, could seriously undermine the Eurozone economy, which is dependent on fuel ...
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 ...
