Noor Trends News, Technical Analysis, Educational Tools and Recommendations
The European session witnessed some fluctuations today, Thursday, amid anticipation of US and German inflation data and the European interest decision.
The European Central Bank (ECB) decided to leave the interest rates on the main refinancing operations, the marginal lending facility and the deposit facility unchanged at 0.00%, 0.25% and -0.50%, respectively, as was widely expected.
Expects inflation to rise further, then decline in 2022.
Christine Lagarde, President of the Europen Central Bank.
Inflation in Germany, as measured by the Consumer Price Index (CPI), rose to 4.5% on a yearly basis in October from 4.1% in September. This reading came in higher than the market expectation of 4.4%.
There were 281,000 initial claims for unemployment benefits in the US during the week ending October 23. This reading followed the previous print of 291,000 (revised from 290,000) and is better than the market estimates of 290,000.
The United States’ Real Gross Domestic Product (GDP) expanded at an annual rate of 2.0% in the third quarter of 2021, compared to 6.7% recorded in the second quarter, and also missed estimates of 2.7%.
Bitcoin was once again seen above the $60,000 levels, now rising by more than 4%, reaching $61.2 thousand levels.
While Bitcoin was seen near the levels of 63 thousand dollars on the Bithumb exchange, specifically at levels of 62.95 thousand dollars.
