German Bundestag representative endorses Bitcoin as legal tender, aiming to integrate it into Germany’s financial landscape Read too Joana Cotar, representative of the German Bundestag, has publicly expressed her support for Bitcoin as legal tender in Germany. In a recent interview, she shared her aspirations to integrate Bitcoin into the country’s mainstream financial landscape. The
Share: The Riksbank decided against hiking its key rate in November. Krona traded weaker following the rate meeting. Economists at Commerzbank analyze SEK’s outlook. Riksbank remains cautiously restrictive, but not enough The Riksbank didn’t raise the policy rate in November but has not ruled out a further increase at the beginning of 2024.
The Nasdaq Composite this week held into last week’s gains as the lack of economic releases and the Thanksgiving Day holiday contributed to a steady risk sentiment. On the data front, the US Jobless Claims on Wednesday beat expectations across the board, which is a good thing for the market at the moment given some
Share: Kiwi’s post-US CPI rally extended this week. Economists at ANZ Bank analyze NZD/USD outlook. US interest rates set to fall more quickly than NZ interest rates in 2024 There have been and will continue to be pullbacks, but more flexible labour markets have meant that the Fed has achieved better progress in
Market Week Ahead: Gold Tests $2k, GBP/USD, EUR/USD Pop, USD Sags Markets remain risk-on with a range of US equity markets posting fresh multi-month highs. The VIX ‘fear gauge’ is at lows last seen at the start of 2020 and has fallen in excess of 46% from its late-October spike high. The growing feeling that
Additionally, the company posted a new cash record of around $157.2 billion, a significant increase compared to $147.4 billion in the previous quarter. This strong cash flow suggests that Oracle (NYSE: ORCL ) of Omaha, Warren Buffett, is attentive to market opportunities in the face of projections of an economic slowdown or recession
Share: The XAU/USD sees a boost, ascending to the $2000 level. The US Dollar weakened after mixed S&P PMIs. Higher US yields may limit the upside of the metal. The XAU/USD is finding traction in Friday’s session, capitalising on mixed S&P PMIs and a weakening US Dollar. The pair, commonly recognised as
UPCOMING EVENTS: Tuesday: Australian Retail Sales, US Consumer Confidence. Wednesday: Australian Monthly CPI, RBNZ Policy Decision, US GPD Q3 2nd Estimate. Thursday: Japan Industrial Production and Retail Sales, China PMIs, Switzerland Retail Sales, Eurozone CPI and Unemployment Rate, Canada GDP, US Core PCE, US Jobless Claims. Friday: Japan Jobs data, China Caixin Manufacturing PMI, Switzerland
Today I present you an overview of trades made using the Owl strategy – smart levels for the EURUSD, GBPUSD and AUDUSD currency pairs for the week from November 20 to 24, 2023. For convenience and timely receipt of signals I use the Owl Smart Levels Indicator. The main trading timeframe is M15, while the H1 and
