BOE Member Haskel: Inflation momentum should be monitored… *In his speech today, Bank of England (BOE) Member Haskel said that they closely monitor the indicators and resilience of inflation momentum, that further rate hikes cannot be ignored and it is important that they continue to withstand the risks of inflation momentum. Agenda of the day;18:30 […]
Sudden Rises in EURUSD Parity… * Applications for unemployment benefits in the USA increased more than expected last week. While expectations were for an increase of 253,000, 261,000 applications were received. After the announced data, there were sudden increases in the EURUSD parity. Account Opening Open A Demo CDO has wide range of tools, professional […]
Discussions on Debt Limit in the USA Continue… *In the Euro Area, the Consumer Price Index announced for April increased by 0.6% on a monthly basis and by 7.0% on an annual basis. Data was expected to increase 0.6% monthly and 7.0% annually. Core CPI, on the other hand, came in as expected, increasing 1.0% […]
Annual Retail Sales Decreased in the Euro Zone… *Retail sales in the Euro Area remained unchanged in April compared to the previous month, but decreased by -2.6% compared to April of the previous year. *According to the survey conducted by the European Central Bank, the annual inflation expectation, which was 5 percent in March, resulted […]
April trade balance in Germany is above expectations… *US ISM Services PMI index decreased compared to the previous month, but still remained in the positive zone and was announced as 50.3. While EURUSD parity remained in the region of 1.0725 in the new week, Ounce Gold recovered to 1955 levels by recovering the decline of […]
Non-Farm Employment Increases More Than Expected in the USA… *European Central Bank (ECB) Member Panetta said in his speech today that they have to act very quickly in raising interest rates and curb spending without adversely affecting their economic efficiency. Another ECB Member, Vasle, said the population remains high and persistent and further rate hikes […]
ECB Member Kazaks “Interest Rates Will Remain Peak For A Time” *The Consumer Price Index (CPI) for the month of May, announced today in the Euro Zone, remained unchanged at 0.0% on a monthly basis, but decreased from 7.0% to 6.1% on an annual basis. Core CPI, on the other hand, rose 0.2% month-on-month, rising […]
Discussions on Debt Limit in the USA Continue… *In the Euro Area, the Consumer Price Index announced for April increased by 0.6% on a monthly basis and by 7.0% on an annual basis. Data was expected to increase 0.6% monthly and 7.0% annually. Core CPI, on the other hand, came in as expected, increasing 1.0% […]
ECB/Simkus “Expecting 25 bps rate hike” *In the Euro Area, Consumer Confidence Index for May, announced today, was -17.4, Industrial Confidence Index was -5.2 and Consumer Inflation Expectation was 12.2. The data came in at -17.5, -2.8 and 15.0 levels, respectively, in April. After the data, European Central Bank (ECB) Member Simkus said in his […]
President Biden is ready to take the deal to Congress… *US President Biden stated that the budget deal he will receive on Sunday, which received the 31.4 million issuance debt ceiling until January 1, 2025, after negotiations with the Speaker of the House of Representatives McCarthy, has been finalized and that the agreement is ready […]