Euro assets, which have been under pressure by the IMF in the past few days following warnings about Greece's economic situation, continued to lose with the fact that the production PMI figures we followed from Europe yesterday remained below expectations. The Fed / FOMC decisions were followed in the evening, while the manufacturing PMIs from the United States were also showing in reality below the forecast. The agency has made any changes in interest rates in parallel with market recommendatio…
Community Blog
GBPusd overview
US President Donald Trump, while following the developments in trade wars, today trump will leave the World Trade Organization news about the dollar assets have created anxiety. When we look at the data from the country, PCE figures are parallel to expectations on a monthly and annual basis, while Core personal consumption expenditures were 0.2 per cent on a monthly basis and 2.0 per cent on a yearly basis. The expectations of the data were 0.2 percent and 1.9 percent respectively. On the Britis…
EURusd overview
Yesterday industrial production figures from the euro zone remained well below the expected figures in the market, showing that economic disruptions continue. Although recent bad data from Europe has caused market-side concerns, expectations for a definitive step in the bond buying program at the ECB meeting today and the decline in Italian Bond interest rates have had a positive impact on euro assets. On the US side, the FED/FOMC decisions were followed by an interest rate increase of 25 basis …
EURUSD overview
EURUSD is testing 1.2070 resistance, while the market keeps its negative movement. U.S. interest rates rise again. There is a fatigue in the parity due to its effect and its previous resistance. Although the option market is positioned in favor of the euro in the short term, horizontal movement is maintained for 3 months. Parity is also showing a recent spike in interest rates. Technically, the inability to exceed 1.2070 could bring about a summit formation
The Week in Summary
Fundamentally speaking there were just a few big economic data scheduled for the past week. The only big economic data was coming from Asia and Australia, and from US we had the retail sales which in November were above expectations coming in at 0.7%, an increase of 0.1% from last reading of 0.6%. Also, this week the US Congress has reached an agreement on the US budget to avoid another government shutdown in January. As usual after this announcement, taper talks hit again the market as the spec…
Thank God for everything
His holiness -the most high God
the one that created the heavens and the earth
I have come to say Thank you
The one that provides my daily bread -thank you
The one that gives me the breath of fresh air -thank you
the one that rebukes and corrects me in love --thank you
The one that knoweth my tommorow --thank you
The one that sent his son Jesus christ to die for my sins -Thank you
The one that made me the apple of his eyes -thank you
The who that gives me light and sight-thank you
The one that d…
the one that created the heavens and the earth
I have come to say Thank you
The one that provides my daily bread -thank you
The one that gives me the breath of fresh air -thank you
the one that rebukes and corrects me in love --thank you
The one that knoweth my tommorow --thank you
The one that sent his son Jesus christ to die for my sins -Thank you
The one that made me the apple of his eyes -thank you
The who that gives me light and sight-thank you
The one that d…