The Italian economy slipped into a recession in the fourth-quarter of 2018, data released Istat showed. A recession is usually defined by two consecutive quarters of negative growth. Fourth-quarter Italian GDP contracted by 0.2% quarterly or twice the expected contraction, which followed the third-quarter’s decrease of 0.1% quarterly. While economists anticipated technical recession, the severity of it may suggest a worse economic foundation moving forward. This was the first recession for the Italian economy since 2013 and is increasing the...
The US Federal Reserve maintained its key rate in the range of 2.25-2.50 percent and announced that it will be patient with regard to its possible increase this year, pointing out the uncertainty of the forecast for the American economy. Although the regulator noted that the most likely scenario is the continued growth of the US economy and the labor market, phrases appearing there in December that the risks for the economic outlook are “generally balanced” and a further increase in rates would be appropriate in 2019 disappeared from the...
Let me start today’s update by stating once again that you need to be patient with this year’s cryptocurrency market. I have been writing about the growing acceptance of cryptocurrencies and you can catch up on my latest at “Bitcoin - Forex Combo Strategy: Cryptocurrency Acceptance Grows”, but just because a lot of moving parts on the fundamental side are moving in the right direction doesn’t mean that prices will surge with each bit of new information. This is yet another sign of a maturing market where direction...
The US dollar is the most famous and sought-after currency in the Forex market. He simultaneously acts as himself and as a currency of refuge. An effective transaction involves the ability to build the correct forecast of the likely future direction of the USD price for any of the currencies. In this case, the trader will need to analyze the fundamental events. What exactly events can have an impact on the US dollar? Such events can be both events within the country and those taking place outside of its borders. Internal factors include...
The House of Commons will vote this evening, yet again, on a series of amendments to Brexit. Depending on the outcome of this evening’s votes, forex traders will hopefully get a clearer picture on the path of Brexit and the implications for the British Pound. Yesterday evening, Prime Minister May abandoned her Brexit deal which she negotiated with the EU over an 18 month period after she lost the vote by a record amount. She tried until yesterday to win concessions, but has now changed course and is backing a proposal by pro-Brexit lawmakers...
