Day: July 28, 2022
EURUSD, “Euro vs US Dollar” EURUSD is testing the bearish channel’s upside border. The instrument is currently moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s downside border at 1.0145 and then resume moving upwards to reach 1.0450. Another signal in favour of a […]
Global markets advanced but didn’t price in the euphoric reaction to Federal Reserve Chair Jerome Powell’s press conference that Wall Street did. In Asia, the Nikkei 225 NIK, +0.36% rose 0.4% and the Kospi Composite added 0.8%, while the Hang Seng HSI, -0.23% slipped 0.1% in late trade after the Hong Kong Monetary Authority matched […]
Credit Agricole A second 75bp hike to curb inflation As widely expected, the Fed delivered a second 75bp rate hike in its fight against four-decade high inflation prints, taking the policy rate to 2.25-2.50% in a unanimous vote. FOMC officials remain “highly attentive” to inflation risks, maintaining a laser focus on returning inflation back to […]
Type: Bearish Breakout Key Levels:Resistance: 136.697Pivot: 134.516Support: 131.464 Preferred Case:On the H4, with price broken out of the ascending trendline and moving below the ichimoku indicator, we have a bearish bias that price will drop to our pivot at 134.516 where the swing low support, 61.8% fibonacci retracement, 78.6% fibonacci projection and 161.8% fibonacci extension […]
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Oil futures climbed on Wednesday, with U.S. prices marking their highest settlement in a week. There’s “no other way to look at energy prices today and not have a bullish outlook,” said Tariq Zahir, managing member at Tyche Capital Advisors. The Energy Information Administration reported much larger inventory draws across the board, he said, with […]
At last week’s meeting of the ECB’s Governing Council, we decided to increase our main policy rate by 50 basis points. This continues the normalisation of our monetary policy, a path that we had started to travel on last December. Our aim is to dampen the inflationary pressures that we’re seeing in the euro area […]
Central Bank Economic Letter finds that, while household deposits increased across all euro-area countries during the pandemic, Irish deposit growth was among the highest, exceeded only by Baltic countries. Unlike Ireland, these countries had very high pre-pandemic deposit growth, marking the Irish experience as exceptional. While the virus and related restrictions reduced spending, a higher […]
Governor of the Central Bank of Ireland Gabriel Makhlouf spoke this afternoon about current trends in the Irish, German and Eurozone economies, as well as opportunities and challenges in the financial system at an event hosted by the Consulate General of Ireland and IHK Frankfurt, in partnership with Verband der Auslandsbanken in Frankfurt, Europa Union […]
It is a pleasure to address you today. I would particularly like to thank our Consul General Anne-Marie Flynn for organising this event.1 German – Irish economic relationship Ireland and Germany have excellent relations, politically, culturally and economically. These relations have been documented as far back as the 7th century. When reading about the relationship, […]
