A decrease of the indicator value may contribute to the fall in quotes of EUR.
A decrease of the indicator value may contribute to the fall in quotes of EUR.
The Dutch government is confident that the country will reach its gas storage targets before the upcoming heating season, aiming to ease market concerns on the matter. According to the Ministry of Climate Policy and Green Growth, current fuel reserve volumes meet the EU threshold levels for July.
Glencore will shutter its last two copper mines in Mount Isa, Queensland next week. While the mines, operational for over 60 years, will close due to declining ore quality, a final decision remains pending on whether to also close the nearby copper smelter and Townsville processing facilities.
According to Reuters, France and Germany are weighing possible countermeasures against the US if talks with the Trump administration fail to produce an agreement.
LSEG's latest forecasts show slight improvement for European businesses despite ongoing global trade uncertainty. The data suggests EU companies may see just a 0.3% profit drop in the second quarter. Earlier, analysts expected a 0.7% decline.
Analysts at ING believe the euro lacks bullish momentum. The single currency is unlikely to reach the highs seen in early July anytime soon. Meanwhile, market participants are slowly giving up on the US-EU trade agreement.
According to economists polled by Bloomberg, the Reserve Bank of Australia (RBA) will deliver three rate cuts by early next year. Previously, a similar survey suggested only two such steps during this period.
The dollar is set for its longest slump in three weeks. Bloomberg reports that options markets point to more losses ahead, and rising risks could trigger another plunge in the US currency as early as August.
The yen gained 0.3% against the dollar before quickly retreating following US President Donald Trump’s announcement of 15% tariffs on Japanese imports, Bloomberg reports. On Wednesday’s open, the yen traded at 146.604.
Gold prices dipped slightly after a three-day rally as Trump announced a highly-anticipated trade deal with Japan. This signals progress in tense talks before new August 1 tariffs take effect, Bloomberg reports.
The world of business and finance is constantly changing. What trends and directions are relevant today? The answer to this question is key to successfully navigating in a trading and investment environment and better assessing the risks involved.
The global economy can be greatly impacted by major events, causing stock markets and exchange rates to plummet. The repercussions of one nation's crisis may extend to other countries, creating a butterfly effect with far-reaching consequences. While these events may be frightening for some, traders and investors use them as a chance to generate profits amidst a crisis.
Financial institutions act as intermediaries between borrowers and lenders. This group typically includes banks, as well as non-bank organizations such as pension funds, insurance companies, credit unions, and pawnshops. By supporting global trade, business growth, and job opportunities, these institutions play a crucial role in maintaining a stable and thriving economy.
All governments serve as regulators for businesses, both domestically and internationally. The economic policies implemented by separate states have a significant impact on their currency exchange rates and living expenses.
Market players are always looking for tools and opportunities to make a profitable investment, which is accompanied by some risks. This is where capital management comes into play, with the goal of minimizing losses and maximizing profits
By closely monitoring worldwide events and economic strategies of the top nations, traders and investors can make well-informed decisions in the financial world