What you need to know on Tuesday, May 18: The week started with an extension of risk appetite triggered by US retail sales on Friday, but the good mood faded as the day wore on. Most of the European and US indices closed in bearish numbers, as inflationary concerns linger in the background. Government bond […]
Tag: Feeling
ZEW Economic Sentiment Data for Germany and the Eurozone Exceeds Expectations and Hit All-Time Highs in May
The index Germany’s ZEW economic sentiment rose to 84.4 in May from 70.7 in April, significantly exceeding the 72 expected by the market. This is the best figure ever recorded in the data history. The ZEW’s current situation has improved to -40.1 from -48.8 in April, also improving the -41.3 points predicted by experts. The […]
Forex Today – Asian Session: US Progress Boosts Dollar
What you need to know on Wednesday, May 5: The US dollar was the outright winner on Tuesday, advancing against most of its main rivals. The dollar was boosted by local data suggesting continued economic improvement, but also by comments from US Treasury Secretary Janet Yellen, who said that “interest rates will have to go […]
Forex Today – Asian session: Powell weakens the dollar
What you need to know on Thursday, April 29: The US dollar fell after the US Federal Reserve announced its latest monetary policy decision. As widely anticipated, the central bank decided to hold rates on hold and pledged to maintain QE until “further substantial progress” is made in employment and inflation. Powell repeated that it […]
Third wave of coronavirus and production bottlenecks are slowing recovery
Following the publication of IFO’s latest German business survey, institute economist Klaus Wohlrabe said that “the third wave of coronavirus and production bottlenecks are undermining the economic recovery“. Additional comments: “The upward trend continues, but moderate“. “The industry is booming, but it has problems with pre-production“. “45% of industrial companies complain of problems with pre-production […]
The ZEW of economic sentiment in Germany and the Eurozone worsens forecasts in April
The index Germany’s ZEW economic sentiment has fallen to 70.7 points in April from the 76.6 registered in March, considerably worsening the 79 points expected by the market. This is the worst result recorded by the indicator in the last three months. The ZEW of the current German situation, for its part, has improved to […]
Japan’s business sentiment improves to pre-pandemic levels
Sentiment among Japanese manufacturing and service companies improved to pre-pandemic levels in the first quarter of 2021, as the latest survey conducted by the Bank of Japan (BoJ) showed on Thursday. Key Comments: “The headline index for big manufacturer confidence rose to + 5 in March from – 10 in December, the Bank of Japan’s […]
The IFO expectations index jumps to 100.4 points in March compared to the 95.2 expected
The German IFO Business Climate Index stood at 96.6 in March. IFO’s current economic assessment index stood at 93.0 this month. The German IFO expectations index for March reached 100.4 points. The IFO’s general business climate index for Germany continued to improve, reaching 96.6 points in March from 92.7 the previous month and beating estimates […]
Forex Today – Asian Session: The Dollar King Continues To Advance
What you need to know on Thursday, March 25: The US dollar continued to advance on Wednesday, with EUR / USD hitting a new 2021 low of 1.1811, despite upbeat European data. The pound also fell, trading as low as 1.3673 intraday. Business activity in March surprised to the upside in the EU, according to […]
Forex Today – Asian Session: Dollar Bulls Take a Breath
What you need to know on Tuesday, March 23: Risk aversion took hold of financial markets after Turkish President Erdogan decided to fire the governor of the Central Bank of the Republic of Turkey, causing the local currency to plummet against the dollar, which in turn appreciated against to most of the main rivals. The […]