Latest Market News
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed an Engulfing reversal pattern not far from the resistance area. At the moment, the asset may reverse in the form of a new descending impulse. In this case, the downside target may be the support level at 1685.50. At […]
USDJPY, “US Dollar vs. Japanese Yen” On the H4 chart, after breaking 8/8, USDJPY is no longer trading within the “overbought” area. In this case, the price is expected to test the resistance at 8/8, rebound from it, and resume falling and reach 6/8. However, this scenario may no longer be valid if the price […]
Twitter Inc. TWTR, +0.44% reportedly plans to pare back its office space in several cities as looks to trim costs. A Bloomberg News reporter tweeted Wednesday that a Twitter internal memo detailed plans to cut back office sizes in San Francisco, New York, Tokyo, Mumbai, and Dublin. The tweet further noted that Twitter is contemplating […]
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 […]