EUR/USD 1.17565
-0.151%
Gold 4330.95
-4.422%
Oil 57.750
1.628%
USD/JPY 156.148
-0.217%
GBP/USD 1.34918
-0.081%
GBP/JPY 210.674
-0.299%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Commander-in-Chief of the Armed Forces of Ukraine, Sergei Syrsky: The US peace plan has not restricted Ukraines mobilization.On December 30th, according to Russias TASS news agency, Russian presidential aide Ushakov stated on the 29th that US President Trump spoke with Russian President Putin that day, briefing him on his meeting with Ukrainian President Zelensky at Mar-a-Lago the previous day. Trump said that during the meeting, he advised Ukraine not to try to buy respite for frontline troops, but to focus on reaching a comprehensive agreement to effectively end the conflict. Putin stated in the call that actions such as the Ukrainian drone attack on the Russian presidential residence would receive the "strongest response."On December 30th, amid a general sell-off in precious metals, the worlds largest silver ETF, iShares Silver Trust (SLV), fell nearly 9% intraday, heading towards its biggest single-day drop since 2020. Todays decline has pulled prices back to near pre-Christmas holiday levels. Despite todays sharp drop, SLV is still up over 140% year-to-date. According to fund documents, to meet the surge in demand this year, SLV had added nearly 67 million ounces of silver as of last Friday. However, analysts point out that while this figure seems large, it represents only a small fraction of total global silver demand this year. They emphasize that strong demand from solar panel manufacturers and increased imports from India (where precious metals are far more popular among savers than in the US) are the main drivers of overall demand growth.EIA Natural Gas Report: For the week ending December 19, total U.S. natural gas inventories were 3.413 trillion cubic feet, down 166 billion cubic feet from the previous week and down 129 billion cubic feet from the same period last year, a year-on-year decrease of 3.6%, while also 24 billion cubic feet below the 5-year average, a decrease of 0.7%.U.S. natural gas futures maintained their upward trend, currently up 5.2%; the EIA report showed that the inventory decline was in line with expectations.

The EUR/GBP exchange rate recovers from 0.86 before to German GDP

Alina Haynes

Oct 28, 2022 15:29

 截屏2022-10-28 上午10.31.22.png

 

During the Tokyo session, the EUR/GBP exchange rate of 0.8610 attracted increased interest. Prior to the announcement of German Gross Domestic Product (GDP) data, the asset broke above a tight consolidation between 0.8610 and 0.8620.

 

The risk profile has detected a comeback as S&P500 futures have reduced their gains. Additionally, the US dollar index (DXY) has declined to roughly 110.35.

 

Following Thursday's announcement of monetary policy by the European Central Bank, bulls of common currencies faced a sharp sell-off (ECB). Christine Lagarde, president of the European Central Bank (ECB), announced a 75 basis point (bps) consecutive rate increase and a push of interest rates to 1.5%, the highest level since 2009, in order to combat the record inflation jump and ensure a speedy return to 2%.

 

The less forceful tone of policy directives hurt euro bulls. Christine Lagarde appeared dovish during the press conference, but Commerzbank analysts still forecast a big rate hike at the December meeting.

 

The future focus of investors will be on German Gross Domestic Product (GDP) figures. The consensus predicts that the annual GDP growth rate for the third quarter will be 0.8%, down from the previous reading of 1.7%. Quarterly GDP data will demonstrate a 0.2% drop.

 

In order to establish financial stability, the novel UK Prime Minister Rishi Sunak has shifted his whole attention to lowering the pile of debt. According to the Financial Times, Sunak is proposing tax increases and budget cuts of up to 50 billion GBP, which is consistent with the plan of the Bank of England (BOE). Next week, investors will focus only on the monetary policy of the Bank of England. As the first interest rate decision following Sunak's candidacy as British prime minister, the monetary policy decision will have a significant impact.


Suggestion