Tag Archives: inflation

Wednesday saw minimal movement in the EUR/USD pair as European economic indicators continued to weaken. After hitting a small intraday high of 1.0784, the pair tested back into familiar terrain near 1.0750. Since interest rates in the Eurozone peaked in September of last year, those who are interested in rate …

Federal Reserve Governor Adriana Kugler said on Wednesday that she is pleased with the great progress on inflation and added that she is optimistic that the progress will continue, per Reuters.These comments do not have an immediate impact on the performance of the US dollar versus major rival currencies. At …

Following a decline in the US dollar and Treasury yields, gold saw a rise on Tuesday as traders braced themselves for statements from multiple Federal Reserve officials this week, which would likely provide insight into the rate of interest rate reductions this year.Gold Firmer on softer US Dollar As of …

The eurozone economy has weakened throughout 2023, with the Composite Purchasing Managers’ Index dropping below 50 in June, signifying a moderate contraction. This weakness stemmed from Europe’s recovery from an energy shock, as well as a lack of fiscal support in comparison to the more resilient US economy. Interest rate …

The German Economy Ministry announced on Monday its approval of plans to provide subsidies totaling $17 billion to support gas power plants capable of converting to hydrogen. This initiative aims to address the intermittency of renewable energy sources and expedite the transition to low-carbon power generation. Key Points: Purpose: The …

The Federal Statistics Office in Germany announced on Tuesday that industrial orders in the country experienced an unexpected upturn in December, defying analysts’ projections. Key Findings: December Industrial Orders Surprising Growth: Industrial orders surged by 8.9 percent from the previous month after adjusting for seasonal variations and calendar factors. This …

The EUR/USD pair fell by half a percent on Monday, reaching 12-week lows near 1.0723. The OECD predicts pan-European inflation will remain above the 2% level set by the European Central Bank until after 2025, reducing investor confidence. The Euro’s trade balance rose to €22.2 billion after German imports fell …

Consumer sentiment in the United States has hit its highest point since July 2021, with consumers anticipating increases in both inflation and personal income.According to the University of Michigan’s Surveys on Consumers, the index reached this level after a 13% month-over-month improvement in January, which was preceded by a 14% …

Analysis of Trade Minister’s Announcement on Economic Indicators Turkey’s Trade Minister, Omer Polat, announced on Friday that the country witnessed a substantial reduction in its trade deficit, marking a positive development for the nation’s economic indicators. According to Polat, the trade deficit shrank by 56.8 percent year-on-year, amounting to $6.17 …

US stocks experienced a decline on the last trading day in January, as the Federal Reserve held interest rates steady and drew hopes for an interest rate cut as soon as March. The three major US stock indexes were already weighed down by weakness in tech and tech-adjacent megacap stocks …