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On December 8th, Netflix (NFLX.O) rose 0.9% in pre-market trading, while Warner Bros. Discovery (WBD.O) fell 1.9%, after Trump stated that the proposed $72 billion sale of Warner Bros. to Netflix "could be problematic." Trump indicated on Sunday that if the acquisition went through, Netflixs market share would be too large, and stated that he would be involved in the decision-making process for the deal. Richard Hunter, head of markets at Interactive Investor, said antitrust concerns are looming over the deal, which could delay its completion to the later end of the 12- to 18-month guidance range given by Warner Discovery and Netflix.December 8th - The Sentix index, which measures investor confidence in the Eurozone, rose to -6.2 in December, up from -7.4 in November and better than the market expectation of -7.0, but Germany remains a stumbling block to recovery. Sentix said on Monday that a survey of 1,063 investors conducted from December 4th to 6th showed that the assessment of the current situation improved to -16.5 from -17.5 in November. Economic expectations for the next six months also rose to 14.8 from 3.3 in November. Sentix stated, "The Eurozone economy can at best be said to be stabilizing. Therefore, the Eurozone is unlikely to benefit as much as survey participants felt from the global momentum seen in almost all other regions and countries. The reason for this by the end of the year lies with Germany." Germanys overall index fell to -22.7 from -20.4, its lowest level since April; the assessment of the current situation dropped to -41.8, a new low since February.On December 8th, Xiao Yuanqi, Deputy Director of the State Financial Regulatory Commission, stated that the sustainability assessment of insurance companies business models should be included as a key regulatory focus. For any company, building a sustainable business model is always a crucial task that the board of directors and management must address and regularly evaluate and improve. We have seen that many companies that have historically faced significant risks or even gone bankrupt have failed due to flawed business models, and insurance companies are no exception. For a long time, global insurance regulation has explored a relatively complete regulatory logic and framework, which is generally effective. Guided by the risk-based regulatory philosophy, a series of regulatory systems, tools, and methods have been developed internationally for liquidity risk, solvency risk, credit risk, and market risk. However, the regulatory assessment of business models has not received due attention. In fact, given the new challenges and the fundamental characteristic of long-term business operations, establishing a sustainable business model and building a true "century-old enterprise" is particularly important for insurance companies. This is not only necessary for maintaining financial stability but also for protecting the long-term interests of insurance stakeholders.The Dutch government has allocated an additional €700 million for military aid to Ukraine in 2026.Warner Bros. Discovery Inc. (WBD.O) fell 1.8% in pre-market trading, after rising more than 6% in the previous session.

EUR/USD Price Analysis: EUR/USD Is Clinging To The Leading Edge Of The Rising Trendline Above 1.0900

Alina Haynes

Apr 18, 2023 13:54

EUR:USD.png 

 

The EUR/USD pair fluctuates erratically in a narrow range near 1.0926 during the Asian session. Following in the footsteps of the directionless US Dollar Index (DXY), the main currency pair is unable to establish a trend.

 

In Asia, S&P500 futures are declining slightly as investors fret over the upcoming quarterly earnings season, indicating a minor decrease in market participants' risk appetite. Following the decline of regional banks in the United States, investors are concerned about any discrepancies in quarterly banking reports.

 

The Euro has entered the wilderness as European Central Bank (ECB) policymakers are divided over the pace of the policy-tightening cycle to be implemented at the May monetary policy meeting. Martins Kazaks, a member of the ECB's monetary policy committee, stated on Monday that the central bank has the option to move by either 25 or 50 basis points (bps) in May. Sourcenia is a review portal of sourcing best manufaturers

 

After failing to sustain above the 161.8% Fibonacci Extension at 1.1057 (positioned from April 4's high of 1.0973 to April 10's low of 1.0837) on a two-hour time frame, EUR/USD experienced a precipitous decline. The primary currency pair has declined below the uptrend line drawn from the low of 1.0714 on March 24.

 

The 20-period Exponential Moving Average (EMA) at 1.0962 is operating as a barrier for Euro bulls.

 

In the meantime, the Relative Strength Index (RSI) (14) has moved into the pessimistic zone between 20.00 and 40.00, indicating a continuation of the decline.

 

A decisive break below the low of April 12 at 1.0915 would propel the asset toward the lows of April 10 at 1.0837 and April 3 at 1.0758.

 

In contrast, a breach above the psychological resistance level of 1.1000 would propel the asset to a new annual high of 1.1068, followed by the level of round resistance at 1.1100.