EUR/USD Supported After Fresh 2021 Lows
The Eurodollar had opened the week in good mood, but things deteriorated quickly during the US session and in the aftermath of Ms. Lagarde’s dovish remarks
Senior Financial Editorial Writer
Nikos Tzabouras is a graduate of the Department of International & European Economic Studies at the Athens University of Economics and Business. With extensive experience in market analysis and a strong foundation in international relations, he brings a unique perspective to financial markets. Nikos emphasizes not only technical analysis but also on fundamentals and the growing influence of geopolitics on financial trends.
As a Senior Financial Editorial Writer, he delivers comprehensive and forward-looking insights across a wide range of asset classes, including equities, commodities, and currencies. His work explores how macroeconomic events, political developments, and global policies impact market dynamics, providing readers with a deeper understanding of both short-term movements and long-term trends.
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The Eurodollar had opened the week in good mood, but things deteriorated quickly during the US session and in the aftermath of Ms. Lagarde’s dovish remarks
The current week starts with losses, same way the previous ended, despite the fact that it constituted its third straight profitable one and was accompanied by new month highs
The European plane manufacturer announced an order form Indigo Partners, for 255 aircrafts, as it tries to move away from the pandemic era.
Australia’s largest trade partner, China, released improved Retail Sales and industrial production for the month of October, providing a boost to the Aussie and to overall market sentiment
This week starts with improved sentiment, helped by better than expected economic data from China, which works against the US Dollar.
High US Inflation and the relevant rise in US Yields and Fed rate hike bets, were the main themes during this week and the key drivers of market movement, while we also had some high profile companies reporting
The pair started the day strong, but has since erased most of its gains and trades mixed, as it approaches to the end, of what is likely going to be a profitable week
This week featured financial results and other news from high-profile companies, as well as big stock moves, with Disney’s post-earnings plunge standing out
US Dollar’s post-CPI rally weighed USOil down and it remains downbeat today, running a mixed week, despite the solid start to it
The pair is trying to halt its post-US CPI plunge today, but could not keep away from fresh 2021 lows and looks like it won’t be able to avoid a third straight negative week either
This is the fourth day of November in which the German index hits new all-time highs, while the European Commission upgraded its growth forecasts for the year
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