German economy is expected to barely grow in 2024
German BDI industry association expects the German economy to grow by only 0.3% in 2024. This is a minimal growth projection compared to the anticipated global economic expansion of 2.9%.
According to the BDI president, the German…
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Euro loses ground, key supports under increased pressure
The Euro accelerated lower in Europe, shifting near term focus to the downside after a double failure at psychological 1.10 barrier.
Fresh bears pressure pivotal Fibo support at 1.0875 (38.2% retracement of 1.0448/1.1139, reinforced by…
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UK wage growth continues to slow, easing pressure on BoE
British wages experienced the slowest pace of growth in almost a year, according to data released on a Tuesday.
The growth in wages, excluding bonuses, slowed for the third consecutive release, reaching an annual rate of 6.6% in the…
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Dollar index- firmer tone keeps in play hopes for test of near-term range top
The dollar index keeps positive tone in holiday-thinned Monday’s trading and attempting again through pivotal Fibo barrier at 102.27 (50% retracement of 104.27/100.29 bear-leg), where the action failed several times recently.
Sustained…
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Bitcoin – slight bullish bias above daily cloud but key supports remain at risk
Bitcoin keeps slight bid in early Monday’s trading, after sharp fall in past few sessions, as daily studies are oversold, and fresh bears faced strong headwinds from rising daily cloud (top of the cloud lays at 41311).
Bitcoin spiked…
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Oil price rises on fresh geopolitical tensions, but gains were so far limited
WTI oil price rose 3% in European session on Friday and probed above $75 barrier for the first time in two weeks, inflated by fresh fears that conflict in the Middle East could spread after US and British armies attacked positions of…
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China’s exports rose above expectations but persisting deflation warns
China's exports grew by 2.3% year-on-year in December, surpassing expectations and showing an improvement from the 0.5% increase in November.
Imports also increased by 0.2% year-on-year in December, reversing a 0.6% drop from the…
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US inflation rises above expectations in December
US inflation increased more than expected in December which could delay the Federal Reserve’s strongly anticipated interest rate cut in March.
The consumer price index rose 0.3% last month after ticking up 0.1% in November and above…
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BTCUSD – bulls hold grip, but risk of profit-taking after ETF approval exists
Bitcoin regained traction after a shallow pullback and jumped near new multi-month high (47934, posted last Tuesday) after receiving fresh boost from eventual approval of spot bitcoin exchange-traded funds.
Technical picture on daily…
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Turkish lira falls to new record low vs dollar
USDTRY breached psychological 30 barrier and hit new record high on Thursday, extending gains between two full figures (29 and 30) in less than a month.
Steady and slow-paced ascend, interrupted by minor corrections, suggest that bigger…
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