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EURGBP has been drifting south recently, after it hit resistance slightly above the 0.8700 territory. That said, although the pair is currently trading below all three of the plotted exponential moving averages (EMAs) on the daily chart, it is still stuck within the sideways range between 0.8520 and 0.8700. That range has been containing most of the price action since May. Our short-term oscillators detect negative momentum. The MACD runs below both its zero and trigger lines, while the RSI, although it ticked up somewhat, remains below its equilibrium 50 line. These indicators suggest that some further declines may ... (full story)
The majority of economists surveyed by the World Economic Forum expect the global economy to weaken this year, saying that geopolitical fragmentation around the world will deepen. ...
The Oil-Dollar pair witnessed a decline of 0.8% in the last session, despite an intraday high gain of 2.4%. The MACD indicator is currently signaling a positive trend. The Aussie ...
The first estimate for euro area exports of goods to the rest of the world in November 2023 was €252.5 billion, a decrease of 4.7% compared with November 2022 (€265.0 bn). Imports ...
Nagel is a hawk, so there's that to consider when interpreting his comments. The talk of waiting until after the summer though is an intriguing one as that will see the timeline for a rate cut pushed to September. If so, that's a major U-turn that the market has to do in terms of pricing. • Markets are sometimes overly optimistic • We are data dependent • Inflation is still too high • Maybe can wait until summer break before contemplating rate cuts post: Nagel is Nagel obvs, so no shock he's talking about Summer data. But, Lane has mentioned it too. The risk for CB rep/legacy and for med term economics is Burns redux. They need to be really sure before cutting and I don't think they have enough data to be sure by March/April.
post: ECB'S HOLZMANN: WE SHOULDN'T COUNT ON RATE CUTS AT ALL IN 2024.Possible there will be no rate cut this year, European Central Bank member says The European Central Bank may defy market expectations and hold off on starting interest rate cuts during the whole of 2024, the institution’s Governing Council member Robert Holzmann said Monday. Asked about those who call for the first rate cut to take place as soon as April, Austria’s central bank governor told CNBC, “I’m afraid, leaving Davos, those people will be deeply disappointed.” Speaking to CNBC’s Steve Sedgewick at the World Economic Forum in Davos, Switzerland, he added, “I cannot imagine that we’ll talk about cuts yet, because we should not talk about it. Everything we have seen in recent weeks points in the opposite direction, so I may even foresee n
To kick off the new year, multi-asset brokerage firm Vantage has unveiled its redesigned website. The strategic overhaul marks a new chapter for the company that prioritizes an ...