Source: IHS Markit Eurozone business growth unexpectedly grew this month as consumers beat off another wave of COVID-19 infections and new restrictions as price pressures rose again. Euro Stoxx 50 down -0.93%, EUR USD up +0.25% IHS Markit’s Flash Composite Purchasing Managers’ Index rose to 55.8 in November from 54.2 in October.Chris Williamson, a chief business economist … [Read more...] about Eurozone Economic Growth Expanded in November as Prices Soared
Happy Galaxy Review
Happy Galaxy is another Forex solution that offers hands free trading services. It is essentially a computer program that allows the analytical and trading processes on the MT4 platform to be automated. But is Happy Galaxy a profitable venture or just another EA that doesn’t deliver desirable results? We review the robot to find out. Detailed forex robot … [Read more...] about Happy Galaxy Review
Consumer Confidence Drops in the Euro Area and EU in November
Source: European Commission The consumer confidence indicator edged 2.0 points lower in the euro area and further 2.1 points down in the EU in November from October. DAX is down -0.012%, EURUSD is down -0.26%. Consumer confidence now stands at -6.8 points in the euro area and -8.2 points in the EU. The consumer confidence indicator is below or close to the pre-pandemic … [Read more...] about Consumer Confidence Drops in the Euro Area and EU in November
President Joe Biden Nominates Powell for a Second Term as Fed Chair
Source: FT. Joe Biden has nominated Jay Powell to continue serving for a second term as chair of the Federal Reserve, choosing continuity as the US economy struggles with high inflation.DXY up +0.25%, EUR USD down 0.19% Lael Brainard, who is seen as Powell’s biggest competitor for the top position, was nominated for the role of vice-chair.Biden stated that Powell and … [Read more...] about President Joe Biden Nominates Powell for a Second Term as Fed Chair
3 Top Ways to Identify Reversals in Forex Trading
Reversals are critical situations that happen in the financial market all the time. That’s because currency pairs usually rise and fall regularly. For example, while the US dollar retreated in 2020 during the Covid-19 pandemic, it managed to bounce back in 2021. The same trend is seen in the long-term and short-term. In this article, we will look at some of the top three ways … [Read more...] about 3 Top Ways to Identify Reversals in Forex Trading
