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The Analytical Overview Of The Main Currency Pairs - Friday, Nov. 19
TThe housing price index in Germany increased more than 1% due to an influx of money from the European Central Bank. Germany has decided to invest free money in real estate.
The Analytical Overview Of The Main Currency Pairs - Thursday, Nov. 18
The ECB balance sheet continues to rise steadily, which has a negative impact on the European currency. The consumer price index in Europe remained unchanged at 4.1% as expected.
The Analytical Overview Of The Main Currency Pairs - Wednesday, Nov. 17
Eurozone GDP growth estimate for Q3 remained at 2.2% as expected. Meanwhile, the euro fell to its lowest level against the dollar since July 2020, its worst performance in 6 years.
The Analytical Overview Of The Main Currency Pairs - Tuesday, Nov. 16
Deutsche Bank is calling on the ECB to tighten its monetary policy as inflation rises. Tomorrow new data on the consumer price index in Europe will be published.
The Analytical Overview Of The Main Currency Pairs - Monday, Nov. 15
Inflationary pressures in Germany continue to update records. Wholesale prices in Germany increased to 15.2% in October, the highest level since March 1974.
The Analytical Overview Of The Main Currency Pairs - Friday, Nov. 12
Europe's GDP forecasts continue to fall as the economic recovery slows and the number of Covid cases reaches an all-time high. The German government's economic advisory group lowered its 2021 economic growth forecast to 2.7%.
The Analytical Overview Of The Main Currency Pairs - Thursday, Nov. 11
The consumer price index in Germany increased to 4.6% in annual terms. And with a sharp rise in inflation in the US, the dollar index sharply increased, which had a negative impact on the European currency.
The Analytical Overview Of The Main Currency Pairs - Wednesday, Nov. 10
The ECB balance continues to grow rapidly. Total assets increased by another €16.6 billion to a new level of €8,382.7 billion. The ECB will continue to print money as part of its stimulus program until the end of the year.
The Analytical Overview Of The Main Currency Pairs - Tuesday, Nov. 9
The ECB representative said yesterday that the Eurozone is almost back to pre-pandemic levels in economic terms, and inflation has been more resilient than expected. The biggest problem for the Eurozone remains the energy crisis.
The Analytical Overview Of The Main Currency Pairs - Monday, Nov. 8
The EUR/USD on the hour time frame is bearish. But the price managed to return above the breakdown level, which indicates a possible false break move. The MACD indicator also shows a divergence.
The Analytical Overview Of The Main Currency Pairs - Friday, Nov. 5
After the ECB announced that its stimulus program won’t be cut this year, analysts changed their forecasts and expect an interest rate hike in Europe from 2023.
The Analytical Overview Of The Main Currency Pairs - Thursday, Nov. 4
The ECB President Christine Lagarde said yesterday that the ECB wouldn't have a reason to raise interest rates next year as the inflation outlook in the medium term remained restrained.
The Analytical Overview Of The Main Currency Pairs - Wednesday, Nov. 3
In addition to the Fed meeting, macroeconomic data on Europe will be released today, followed by ECB head Christine Lagarde's speech.
The Analytical Overview Of The Main Currency Pairs - Tuesday, Nov. 2
Yesterday, the EUR quotes partially recovered their positions after the decline on Friday, which made analysts somewhat skeptical whether the Fed will announce the beginning of the QE program cut tomorrow.
The Analytical Overview Of The Main Currency Pairs - Monday, Nov. 1
Germany's Q3 GDP increased by 1.8%, a growth of 2.2% was expected. The consumer price index in Europe reached 4.1%, the highest level since 2008.
The Analytical Overview Of The Main Currency Pairs - Thursday, May 6,
The EUR/USD currency pair showed weak activity on Wednesday. The price is under the moving average and continues to slowly slide down. Buyers manage to hold the 1.2002 support level.
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