EUR/USD 1.11996
-0.098%
Gold 4195.24
1.495%
Oil 90.859
0.338%
USD/JPY 158.272
0.241%
GBP/USD 1.32402
0.094%
GBP/JPY 209.561
0.337%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Panama City Airport Statement: Panama City Tocumen Airport has reopened following the earthquake.Cobre Panamá Copper Mine: The mines facilities and infrastructure are stable and personnel are safe following the earthquake.On October 10th, Russian Deputy Prime Minister Novak stated that Russia will immediately begin lifting restrictions on diesel exports, ahead of schedule. He explained that Russia is willing to increase diesel supplies to the United States and all partners in October: 300,000 tons in October, increasing to 500,000 tons in November, and 1 million tons in December. Novak also pointed out that the Russian market will receive a full supply of diesel. The Russian government had previously decided to extend the export ban on diesel, marine fuel, and gas oil producers until October 31st.On October 10th, US President Trump responded to a reporters question regarding the diesel deal reached with Russia. The reporter stated that Ukrainian President Zelensky believed the oil agreement with Russia was a sign of weakness from a powerful partner and would only prolong the war. Trump responded, "We are a powerful partner. We need to supply the world with oil, so we are happy to get diesel." Trump added, "The oil deal with Russia is a big deal. A lot of oil will come into our country. To be honest, I want to thank President Putin. And this is diesel, which is exactly what we wanted, so thank you." When another reporter said Zelensky criticized him as "weak," Trump simply responded, "Okay."According to the Wall Street Journal, Philadelphia police said Anthropic notified them this week that one of its AI models had submitted a false murder tip on the website PhillyUnsolvedMurders.com. The incident occurred in July, but Anthropic didnt discover it until September.

EUR/USD Is Anticipated To Fall Below 1.0950 Due To Market Optimism Regarding US Economic Prospects

Daniel Rogers

Apr 20, 2023 13:54

 EUR:USD.png

 

The EUR/USD pair is expected to decline drastically below the near-term support level of 1.0950 during the Asian session. The major currency pair is attracting bids as the US Dollar Index (DXY) has shown a recovery move and surpassed the 102.00 level of resistance.

 

S&P500 futures have extended their losses during the Asian session in anticipation of the Federal Reserve's (Fed) decision to raise interest rates, which could undermine revenue guidance.

 

According to the Federal Reserve's (Fed) Beige Book minutes, economic activity is stable in the majority of districts. However, loans and advances to businesses and consumers have decreased due to stringent credit conditions imposed by commercial banks in the United States in order to prevent uncertainty in an unstable environment.

 

In the interim, Fed policymakers remain optimistic regarding the economic prognosis due to the labor market's tightness. As reported by Reuters, the president of the Federal Reserve Bank of St. Louis, James Bullard, advocated for the continuation of the central bank's policy tightening in view of the continued strength of labor market data. A Fed official added that the demand for labor has not yet diminished and that a robust labor market results in robust consumer spending.

 

Citi Group forecasts a fourth-quarter recession in the US economy due to the constrained US labor market. Previously, it was anticipated that the United States would enter a recession during the third quarter of 2023.

 

Investors are anticipating the release of Eurozone Consumer Confidence data. Preliminary Consumer Confidence (April) data is anticipated to improve from -19.2 to -18.5. This may be the result of persistently declining inflation in the Eurozone, which reduces the burden on households.


Suggestion