ForexMart's Forex News

Page 45 of 45 FirstFirst ... 35434445
Results 441 to 443 of 443

Thread: ForexMart's Forex News

  1. #441
    Senior Member KostiaForexMart's Avatar
    Join Date
    Mar 2019
    Posts
    952
    Thanked: 0

    Default

    ForexMart's Forex News
    January 27. Central banks are buying gold at the fastest pace in half a century

    According to a report by economists of the International Monetary Fund and the University of California at Berkeley, gold not only did not leave the international reserve currency, but also significantly increased its performance, as the gold reserves of the world's central banks increased after the global financial crisis of 2008-2009.

    Experts note that in the third quarter of 2022, leading central banks bought more gold than in any other quarter for 55 years. The main buyers at the same time were banks of developing countries, such as Russia, China, India, Turkey, Argentina, Hungary and Belarus.

    Among the main reasons for the increase in purchases, analysts note the popularity of gold as a traditional and safe means of saving at a time when a number of countries are subject to financial sanctions.

    An interesting fact is that Russia, Iran and other countries that are subject to US sanctions can now combine blockchain technologies with gold to launch a digital currency that can compete with the dollar. Blockchain will allow these countries to make transactions with gold without actually redirecting coins or bullion.

    Moreover, gold today is the only significant asset that is not controlled by any country and that cannot be forged. It is also the only asset that largely guarantees financial confidentiality.
    Regards, PR-Manager ForexMart

  2. #442
    Senior Member KostiaForexMart's Avatar
    Join Date
    Mar 2019
    Posts
    952
    Thanked: 0

    Default

    January 30. The main economic events of the day: January 30, 2023

    At the end of last week, the dollar managed to finish trading in positive territory, and its DXY index showed a modest increase of about 20 points. Last week, which was the last full trading week of the month, turned out to be extremely volatile and saturated with the publication of important macro statistics.

    The current week promises to be no less interesting: meetings of the three largest world central banks (Fed, Bank of England, ECB) are expected at once, at which decisions on rates will be made. Market participants expect an interest rate increase of 0.50% from the ECB and the Bank of England, but only 0.25% from the Fed.

    The week will end with the publication of key data from the US labor market: the US Department of Labor will present a monthly Non-Farm Payrolls report with data for January.

    The main and only event of Monday, January 30, will be the publication of preliminary data on German GDP for the 4th quarter. Since the German economy is the locomotive of the entire European economy, a high value of the GDP indicator is considered a positive factor for EUR, and a low one is considered a negative factor.

    Analysts predict that German GDP growth in the 4th quarter of 2022 amounted to 0%, and in annual terms 0.8%. The previous values were marked at the levels of 0.4% and 1.2%, respectively. The data is better than the forecast may strengthen the euro in the short term.
    Regards, PR-Manager ForexMart

  3. #443
    Senior Member KostiaForexMart's Avatar
    Join Date
    Mar 2019
    Posts
    952
    Thanked: 0

    Default

    in ro ham eslah kon:
    February 1. Experts predict an increase in ECB rates by 50 bps

    Tomorrow, February 2, the first meeting of the European Central Bank in 2023 on the rate will be held. Market participants are confident that the ECB will raise key interest rates by 50 basis points, to the highest since 2008.

    If the market forecasts come true, the base interest rate on loans will be raised to 3%, the deposit rate to 2.5%, and the rate on margin loans to 3.25%. At the previous meeting, the ECB increased all three rates by 50 bps. In total, they were raised by 250 bps in 2022.

    Following the results of the December meeting, the head of the central bank, Christine Lagarde, said that the regulator intends to continue raising rates at a rate of 50 bps, and already in January, some representatives of the Central Bank confirmed the relevance of these plans. Now the main question for investors is whether the ECB will continue to increase rates by 50 bps in March, or will consider it necessary to slow down the pace of their increase.

    It is worth noting that the European regulator usually makes a decision on rates not in advance, but directly at each meeting, taking into account the emerging data.

    Today, data on inflation in the eurozone were published, according to which the growth rate of consumer prices in January slowed significantly to 8.5% in annual terms (from 9.2% in December). This indicator has become the lowest since May last year, but it still significantly exceeds the ECB's 2% target.
    Regards, PR-Manager ForexMart

Similar Threads

  1. Company News by ForexMart
    By Andrea ForexMart in forum Forex Brokers Discussion
    Replies: 459
    Last Post: 12-31-2022, 04:51 AM
  2. News In Forex Trading
    By fx trader in forum General Forex Discussion
    Replies: 25
    Last Post: 08-21-2022, 03:11 PM
  3. ForexMart Rebates
    By PipRebate in forum Forex Rebates and CashBackForex
    Replies: 0
    Last Post: 07-08-2018, 05:47 PM
  4. December News in Forex
    By CarlosR in forum Daily Market News
    Replies: 1
    Last Post: 12-13-2017, 10:19 PM
  5. what is the way for earn news about forex?????
    By israr_ali in forum General Forex Discussion
    Replies: 1
    Last Post: 10-25-2012, 07:53 PM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Join us