The forex market responded swiftly to the nomination of Scott Bessent as the US Treasury Secretary, with a temporary rise in US Treasury bond yields. However, this initial market reaction quickly faded, giving way to broader influences. Geopolitical...
THE CURRENCY PAIR USD-CHF 0.9117 is an obstacle to growth today for now, and yesterday was not very successful with this either, but I expect a breakout at 0.9178. Tomorrow is Nonfarm Payrolls, and the market should be more lively. There is also an...
Eurostat's latest data reveals that the Eurozone economy grew by 0.9% year-on-year in the third quarter, exceeding expectations. Germany, the region's largest economy, played a pivotal role in this growth by avoiding a technical recession....
The euro continued its downward spiral against the dollar on Thursday, extending its losing streak to six days, albeit with a modest decline. Trading hovered near a 26-month low at 1.0300, reflecting a confluence of factors. Disappointing European...
The British pound (GBP) weakened significantly against the US dollar (USD) on Thursday, pushing the GBP/USD pair to a 14-month low. This decline occurred amidst a backdrop of heightened risk aversion in financial markets, driven by several factors....
