In the forex market, currencies are traded in pairs. In effect, each trade involves buying one currency while simultaneously selling another. To that end, there are three types of pairs. Major pairs include the USD on one side, coupled with a currency from one of the world’s biggest economies. Minor pairs do not include the USD but contain crosses with either the euro, the GBP, … [Read more...] about Dollar to Turkish Lira – Should I Stay Away From This Pair?
Consumer Sentiment Drops to Decade-Low on Inflation Concerns
Source: University of Michigan Consumer sentiment continued to decline in February to mark the lowest level in a decade amid inflationary concerns. The Index of Consumer Sentiment stood at 61.7 in February, down by 8.2% from January’s 67.2 and 19.7% lower than February 2021’s 76.8.The decline is attributed to the weakening personal financial prospects, due to the … [Read more...] about Consumer Sentiment Drops to Decade-Low on Inflation Concerns
UK Economy Rebounds in 2021 Even With Contraction in December
Source: Office for National Statistics The British economy posted a rebound in the full-year 2021, even with the contraction recorded in the last month of the year. EWU is up 0.14%, and VGK up 0.02% premarket. Full-year economic growth stood at 7.5% in 2021, up from the 9.4% decline in 2020. Fourth-quarter growth was recorded at 1%.Fourth-quarter growth was driven by … [Read more...] about UK Economy Rebounds in 2021 Even With Contraction in December
Crypto.com Coin Price Prediction Ahead of the Superbowl Weekend
The Crypto.com Coin (CRO) price retreated slightly during the overnight session on Thursday as investors reacted to the latest American inflation data. The coin is trading at $0.50, which is about 8% below the highest level this week. It has risen by 53% from its lowest level this week, bringing its total market capitalization to $12.7 billion. US inflation data The main … [Read more...] about Crypto.com Coin Price Prediction Ahead of the Superbowl Weekend
UK Narrows Its Trade Deficit by £0.2 Billion in the Fourth Quarter of 2021
Source: Office for National Statistics The UK posted a goods and services deficit of 12.8 billion pounds in the fourth quarter of 2021, down by 0.2 billion pounds. FTSE 100 is down -0.77%, GBPUSD is up +0.01%. The trade in goods deficit was 43.0 billion pounds in the quarter, down by 0.2 billion pounds. Goods imports rose by 6.1 billion pounds while exports increased by … [Read more...] about UK Narrows Its Trade Deficit by £0.2 Billion in the Fourth Quarter of 2021
