Market News

This Weeks’s currency pair, EURUSD
July 26, 2022

This Weeks’s currency pair, EURUSD The ECB hike of last week is the highest hike in past 11 years which brought the interest rate from -0.50% to 0.00%. Further normalization of interest is appropriate, indicating that there will be another hike from ECM on their next meeting on 8th September. Another new program was introduced

Read more
EUR/USD – Euro US Dollar
July 25, 2022

EUR/USD – Euro US Dollar Last week the European currency showed a slight growth to a high of 1.0272. Reason behind this was the most banal corrective rebound of EUR/USD breaking the equality level of 1.0000, the bottom at 0.9951 on 14th of July, the resumption of Russian gas supplies to Europe and the most

Read more
Upcoming Market Updates : EUR, GBP
July 25, 2022

Upcoming Market Updates : EUR, GBP EUR: German info Business Climate, It’s a leading indicator of economic health – businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment. GBP: CBI Industrial Order Expectations, It’s a leading indicator of

Read more
European Central Bank Interest Rates
July 22, 2022

European Central Bank Interest Rates The European Central Bank also joined the global rate hike on yesterdays announcement, announcing a larger then expected 50 bps deposit rate increase, to 0.00%. The ECB said a further normalization of interest rates could be expected at upcoming meetings. ECB also approved the Transmission Protection Instrument, a tool aimed

Read more
Upcoming Market Updates : AUD, JPY, GBP, EUR, USD, CAD
July 22, 2022

Upcoming Market Updates : AUD, JPY, GBP, EUR, USD, CAD AUD: Flash Manufacturing PMI, it measures Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry. AUD: Flash Services PMI, it measures Level of a diffusion index based on surveyed purchasing managers in the services industry. GBP: GfK Consumer Confidence, it

Read more