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”I like her as a friend, but I’m underwhelmed as a client.”
The Euro found some respite on Friday versus its counterpart the Greenback, which enjoyed a short-live rally of just two days, but erased Thursday’s gains on Friday as depicted by the US Dollar Index (DXY). A risk-on impulse weighed on the Dollar’s safe-haven appeal, while an uneventful ECB monetary policy decision on Thursday, left traders leaning onto market mood. The EUR/USD trades at 1.1817, up 0.34%.Euro trims losses near 1.1820 as fading Dollar strength and steady ECB messaging steady the pairThe shared currency is poised to end the week with losses, but its seems the EUR/USD is poised to consolidate…
The Dow Jones Industrial Average surged more than 1,200 points Friday, leading a broader stock-market rebound.
Highlights include US NFP and CPI, Japanese Election, UK GDP and China Inflation SUN: Japanese Average Cash Earnings, Japanese Snap Election UK GDP MON: Swiss Consumer Confidence (Jan), Mexican Inflation (Jan), US Consumer Inflation Expectations (Jan), Australian Household Spending (Dec) TUE: EIA STEO; Norwegian prelim. CPI (Jan), US NFIB (Jan), Weekly ADP, ECI (Q4), Export/Import Prices (Dec) WED: BoC Minutes (Jan), OPEC MOMR; ECB Wage Tracker (post-meeting); Chinese Inflation (Jan), Norwegian GDP (Q4), US NFP (Jan) THU: IEA OMR, EU Informal Leaders Retreat; Japanese PPI (Jan), UK GDP Prelim. (Q4), GDP (Dec), US Weekly/Continuing Claims; Existing Home Sales (Jan),…
“‘What’s the point of paying thousands of dollars?”
The EUR/CAD cross gathers strength to around 1.6160 during the early European session on Friday. The Euro (EUR) edges higher against the Canadian Dollar (CAD) amid the differing approaches between the European Central Bank (ECB) and the Bank of Canada (BoC). Traders brace for the release of the Canadian employment report for January, which is due later on Friday. The ECB on Thursday decided to keep the policy rates unchanged for the fifth consecutive meeting, with its key interest rate at 2.0%. During the press conference, ECB President Christine Lagarde said that the central bank would maintain its data-dependent and “meeting-by-meeting approach” and would not…
While eye-popping vehicle prices have been front and center for car buyers for the past several years, other less visible costs of car ownership have also been rising.
Gold has long been known as a reliable means of storing value. If you are living in Brisbane and thinking of cashing out your gold, understanding how gold prices work will be helpful for a fair deal. Our all-inclusive guide will walk you through all the facts you need to know to sell your gold in Australia with confidence. Read on. What Drives Gold Prices? Gold rates in Australia or globally fluctuate every minute, every second, like the stock market price. Here’s why. Global Economy: When inflation increases or the economy appears to be uncertain, people look to gold. This…
Nomura analysts project that Euro area inflation will hover around the ECB’s 2.0% target until the end of 2027, with GDP growth expected to reach pre-pandemic levels by mid-2026. They foresee potential inflation overshooting in 2028, necessitating rate hikes. The report emphasizes a tight labor market contributing to inflationary pressures and anticipates the ECB will raise rates in the future.ECB rate hikes anticipated in 2028″We expect euro area HICP inflation to hover around the ECB’s 2.0% target until the end of 2027, and we forecast GDP growth to reach its pre-pandemic trend rate by mid-2026. Hence, we expect the ECB…
Gold futures briefly climbed past $5,000 an ounce on Wednesday and silver rose by as much as 10% before both metals pared gains to finish below session highs.