Source: Eurostat Industrial production rebounded in both the eurozone and European Union in February, following the contraction recorded in the first month of the year. EZU is up 1.62%, while VGK is up 0.86%. Total industrial production in the eurozone climbed by 0.7% in February versus the previous month, marking a rebound from the -0.7% recorded in January.Monthly … [Read more...] about Eurozone, EU Industrial Production Rebound in February
Eurozone, EU Post Trade Deficit in February
Source: Eurostat The eurozone and the European Union both posted a deficit in terms of international trade in February, as imports outpaced exports during the month. EZU is up 1.62%, while VGK is up 0.99%. The eurozone international trade in goods deficit stood at €7.6 billion in February, reversing the €23.6-billion surplus recorded the same month in 2021.Exports to the … [Read more...] about Eurozone, EU Post Trade Deficit in February
Best 4 Cryptocurrency Indicators for Fundamental Analysis
Fundamental analysis is an important practice when making trading and investing in cryptocurrencies, stocks, and other financial assets. It refers to the process of using external data to establish the intrinsic value of an asset. In stocks, investors look at multiple ratios like price-to-earnings (PE) and price-to-sales (PS). In forex, they look at the economic … [Read more...] about Best 4 Cryptocurrency Indicators for Fundamental Analysis
Support and Resistance in Cryptocurrency Trading
Whether you’re trading forex, stocks, or commodities, technical analysis (TA) is the one discipline any trader learns. TA uses identifiable chart patterns to predict future prices. Technical analysts believe that price action is not entirely random or chaotic. Support and Resistance (SnR) is the 101 that newbies study within this framework before moving on to more advanced … [Read more...] about Support and Resistance in Cryptocurrency Trading
Japanese Yen Plunges to 20-Year Low, Ramping up Pressure on Loose Monetary Policy
The yen dropped to a new 20-year low as it fell for the 13th consecutive day, heightening the stakes for the Bank of Japan on whether to maintain its ultra-loose monetary policy stance. JPYUSD down -1.16%, Nikkei 225 up 0.69% The plunge in the yen ¥128 against the US dollar emerged as Tokyo Research Survey found that nearly 40% of the companies determined that yen weakness … [Read more...] about Japanese Yen Plunges to 20-Year Low, Ramping up Pressure on Loose Monetary Policy
