europefx Key Takeaways: 💵 Dollar expected to remain strong after Fed meeting 📈 USD driven by prospect of fewer Fed rate cuts and tariff risks 💶 Euro may trade around $1.05 against greenback in the first half of 2025 🌍 Europe expected to see economic improvement in second half of the year 📉 Significant drop in … Read more
Key Takeaways: 💸 Danish krone weakened following Novo Nordisk’s disappointing clinical trial results 📉 Krone trading at 7.4614 against the euro in Copenhagen 📉 Krone remained within the 7.2925 to 7.6282 range set by the central bank 📉 Novo Nordisk’s shares plummeted by 29%, largest drop on record 💼 Corporate sector flows, including from pharmaceutical … Read more
Key Takeaways: 💵 The US dollar is set for weekly gains ahead of key inflation release 📉 Dollar Index slightly lower on Friday after earlier climbing to a two-year high 🇺🇸 Fed policymakers signaling a less dovish stance with the expectation of fewer rate cuts in 2025 📈 Core PCE index expected to rise, potentially … Read more
Key Takeaways: 💸 UK retail sales rose by 0.2% in November, lower than expected 📉 Three-month volume increase was only 0.3%, weakest since June 🛍️ Food store sales rose for the first time in three months 👚 Volumes in clothing stores dropped by 2.6% 📆 Impact of school half-term holidays not adjusted for in the … Read more
Key Takeaways: 📉 UK retail sales only edged up by 0.2% in November 📊 Economists had predicted a stronger 0.5% increase in sales volumes 📆 Monthly rise was first since August, but weak momentum was seen over three months 💷 Sterling showed minimal movement against the U.S. dollar after data 🎄 Retail sales rose just … Read more
Key Takeaways: 💹 Most Asian currencies weakened with the dollar upbeat 📊 Dollar index and futures rose to their strongest levels since November 2023 📉 Chinese yuan weakened to a more-than one-year low 💵 Japanese yen fell to its weakest level in five months 📈 Speculation over Japanese government intervention due to yen weakness 🏦 … Read more
Key Takeaways: 💹 Dollar strengthened near a two-year high after Fed cut interest rates and signaled a slow easing trajectory 💵 Stronger-than-expected U.S. third quarter GDP and fewer applications for unemployment contributed to dollar gains 🌍 Currencies worldwide tumbled after Fed decision but rebounded due to choppy trading and thin volumes 🗓 Dollar index hit … Read more
Key Takeaways: 🔒 AEPD requires Worldcoin to delete all iris scanning data collected 🏢 Worldcoin rebranded to World and has its European headquarters in Erlangen, Bavaria 🌐 Worldcoin aims to establish a global identity system through iris scanning in exchange for cryptocurrency and digital ID 💻 Worldcoin must delete all iris scan data 🛡️ Concerns … Read more
Key Takeaways: 📉 The dollar pulled back from a two-year peak following the Fed’s signal of slow rate cuts in 2025 💵 U.S. third-quarter GDP growth was stronger than expected at 3.3% 📉 Currencies initially tumbled but rebounded after Fed decision on rates 🏦 Central bank policy meetings influenced currency movements 🇯🇵 Bank of Japan … Read more
Key Takeaways 💶 Swedish krona strengthened as Riksbank cut interest rates 🤔 Riksbank adopts cautious stance towards future policy easing 📉 EUR/SEK decreased post-announcement 🏦 Economists criticize the Central Bank for being cautious, but Thedéen emphasizes acceleration of rate cuts 💹 Inflation forecast raised for both 2024 and 2025, with GDP growth forecasts adjusted 📈 … Read more