The recent decision by the European Central Bank to cut its benchmark interest rate has stirred discussions about the future direction of borrowing costs in the Eurozone. Despite the rate cut, ECB policymaker Robert Holzmann remains cautious about labeling it as a definitive shift towards lower borrowing costs. As the head of Austria’s central bank,
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Recently, a group of Credit Suisse bondholders initiated legal action against the Swiss government, demanding full compensation for the decision to write down the failed bank’s Additional Tier 1 (AT1) debt. This move came in the aftermath of Credit Suisse’s emergency sale to UBS last year, facilitated by the Swiss government. Swiss regulator Finma chose
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Investing in the financial markets can be a lucrative opportunity for individuals looking to grow their wealth. However, it is crucial to understand the risks and responsibilities associated with making investment decisions. This article will delve into the importance of conducting thorough research, the uncertainties involved in forward-looking statements, and the disclaimer provided by FXStreet
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Bank of Japan Deputy Governor Ryozo Himino recently expressed concerns regarding the impact that exchange-rate fluctuations could have on economic activity. He emphasized that such fluctuations can affect inflation beyond just import prices. This highlights the importance of closely monitoring exchange rates and their potential implications for the broader economy. The upcoming US Jobs Report
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The US dollar index has hit a crucial level near the support trendline at 104.00. While this could potentially mark the beginning of a new bullish phase, the technical signals are mixed and uncertain. The stochastic oscillator is hovering near oversold territory, but the RSI remains below the neutral mark of 50. Additionally, the MACD
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An unexpected increase in initial jobless claims has the potential to influence investor expectations regarding a September Fed rate cut. This shift in labor market conditions could have ripple effects on various economic indicators such as wage growth, disposable income, and consumer confidence. Should the trend continue, consumers may respond by reducing their spending habits,
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