Tag Archives: Germany

The EUR/USD bears stay the course and continue to eye a test of 1.04 the figure. The US dollar has climbed to score fresh bull cycle highs ahead of the Fed. At 1.0448, the Euro is still trailing to the US dollar by some 0.65% despite the recent bid in …

Inflationary pressures are expanding and have remained undesirably high, which is a major challenge; Lagarde added that economic activity would be affected in the short term due to higher energy costs as the wars in Ukraine and recent lockdowns in China have made the supply chain in a worse. Lagarde …

Christine Lagarde, President of the European Central Bank (ECB), is scheduled to deliver her remarks on the monetary policy outlook at a press conference at 12:30 GMT.

Gold prices fell on Tuesday after rising dollar and US bond yields offset support for the precious metal on rising inflation fears and appeared to be on track for a second consecutive monthly decline. Spot gold fell 0.4 percent to $1,848.60 an ounce at 1025 GMT, and was down 2.5 …

Gold begins the trading week with relatively positive performance, up by 0.20%. the Holiday in the US is expected to keep the precious metal’s prices within a tighter range amid a busy US economic calendar week.An absent US economic docket on Monday keeps gold traders leaning on market sentiment and …

Germany announced that the European Union is likely to agree to a ban on Russian oil imports “within days”. At the same time, Moscow said it would work to strengthen its economic ties with China after it fell under the guillotine of Western isolation over its invasion of Ukraine. Ukrainian …

The monthly survey conducted by Germany’s Ifo Institute showed on Monday that the Business Climate Index improved to 93 in May from 91.9 in April, surpassing the market expectation of 91.4. Additionally, the Current Assessment Index rose to 99.5 from 97.3 and the Expectations Index edged higher to 86.9 from …

Federal Reserve chairman Jerome Powell doubled down on his agency’s commitment to fighting inflation, but warned Americans of further rough pains ahead. The US central bank declared war against inflation. Monetary policy tightening is still the major trend in the light of statements by the Fed officials and policymakers. Accelerating …

Any sudden interruption in Russian gas supplies to the EU member states could push the Eurozone into recession, Fitch Ratings states that exposures are “so large that an immediate and total cessation of Russian natural gas supplies would result in gas shortages and rationing, causing a major macroeconomic shock”.The European …

Oil prices rose to a seven-week high on Tuesday, buoyed by continued pressure from the European Union to ban Russian crude imports that would reduce supply, and as investors focused on increasing demand after the easing of Chinese coronavirus lockdowns. On Monday, EU foreign ministers failed in their efforts to …