Sergey Ershov / Blog
EUR/USD: Markets Await ECB and Fed Meetings ● If the US economy is growing, investors buy up dollars to invest in the US stock market. As a result, the DXY Dollar Index rises. But as soon as the dark shadow of an impending recession falls over the rosy picture, the countdown begins...
– The founder of Cardano and co-founder of Ethereum, Charles Hoskinson, has stated that the crypto industry no longer needs bitcoin. According to him, it has become a religious symbol, which means its ecosystem is doomed...
The brokerage company NordFX has summarized the trading performance of its clients for August 2024. Additionally, the social trading services, CopyTrading and PAMM, along with the profits earned by the company’s IB partners, were evaluated...
EUR/USD: Dollar Takes the Offensive ● Since the beginning of July, the DXY dollar index had been declining, reaching an eight-month low of 100.51 on 27 August. The primary reason for this negative trend was the concern about a potential slowdown in the U.S. economy...
– Undoubtedly, the recent arrest of Pavel Durov, the programmer, creator, and owner of the Telegram messenger, has become the event of the past few days. The billionaire was detained on 24 August at Le Bourget Airport in Paris, where he had arrived by private jet from Azerbaijan...
EUR/USD: Fed Chair Sinks the Dollar ● On Wednesday, 21 August, the DXY dollar index dropped to an eight-month low, finding support at the 100.92 level. Consequently, the EUR/USD pair recorded a 13-month high, reaching 1.1173. The last time it reached such heights was in July 2023...
EUR/USD: Wall Street Triumphs Over the Dollar ● The Dollar Index (DXY) fell throughout the beginning of the week, while the EUR/USD pair rose. This was due to the after-effects of the "Grey Friday" on August 2 and the "Black Monday" on August 5, which we covered in detail in our previous review...
EUR/USD: "Black Monday" Following "Grey Friday" ● The past week did not begin on Monday as usual but rather on... Friday. More precisely, the key event that shaped the dynamics of the dollar was the release of US labour market data on Friday, 2 August, which caused turmoil in the markets...
EUR/USD: What the ECB and Fed Will Do ● There was a significant amount of news last week, so we will highlight and analyse only the most important ones. Germany set the tone for European statistics, with consumer inflation rising instead of falling...