Quotes from Western Union:- Not much relief or a rally for the euro in the wake of news that Greece had secured a conditional loan extension that should keep it fiscally afloat for the next four months and a member of th…
- Not much relief or a rally for the euro in the wake of news that Greece had secured a conditional loan extension that should keep it fiscally afloat for the next four months and a member of the euro. Markets still see the potential for snags to happen.
- But even if things go relatively smoothly this week and Greece officially wins a four-month loan extension, markets could revisit all the turmoil and uncertainty it has faced in recent weeks all over again once this temporary fix runs its course. Uncertainty over Greece risks weighing on confidence and prolonging the road to recovery in the euro zone.
- Germany, Europe's biggest economy, appears on the mend after a its Ifo survey of business optimism rose for the fourth time in as many months, though the slight improvement to 106.8 in February from 106.7 in January was below forecasts of 107.7. The better bargain EUR buyers are enjoying today could hinge on the tone of testimony tomorrow and Wednesday by the Fed chair.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
