Tag: Economy

The ISM Services index surprised analysts by rising to 56.0 in October, exceeding the expected pullback to 53.8. This marks the highest level since July 2022. The employment sub-index also saw a significant increase...

The EUR/USD pair is showing a slightly upward bias during the day as it continues to rebound from the short-term bottom of 1.0760. However, there is expected to be strong resistance around the 55-day...

European equities showed little movement at the market open today, indicating a sense of stagnation in the market. Investors are advised to proceed with caution as trading in foreign exchange carries a high level...

The Bank of England's upcoming decision on interest rates is expected to have a significant impact on the value of the British Pound (GBP). According to MUFG, the slower pace of interest rate cuts...

Credit Agricole is predicting that the Reserve Bank of Australia (RBA) will keep interest rates steady during the upcoming meeting. This decision is based on the fact that Australian inflation and economic activity data...

Oil prices surged to a one-week high after OPEC+ decided to extend voluntary production curbs for another month. This decision caused oil to gap 80 cents higher at the Asian open and continue its...

The USD/JPY pair continues to trade in a range, with the intraday bias remaining neutral. It is anticipated that there will be another increase as long as the support at 151.44 is maintained. If...

Mortgages have historically been a tough sell in Russia due to decades of Soviet propaganda that portrayed credit as a burden. Even after the fall of communism, many Russians still saw mortgages as a...

Over the past two decades, China has been consuming large quantities of raw materials due to its growing population and expanding industries. The demand for dairy, grain, meat, energy, and metals has been steadily...

In September 1985, during Ronald Reagan's second term as president, finance ministers and central bankers from major countries met at the Plaza Hotel in New York. The main agenda was to discuss ways to...