US Evades Default This Time
Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!
Big Event for EUR: ZEW Economic Sentiment
What will happen?
Euro Zone will reveal the ZEW Economic Sentiment index at 12:00 MT (GMT+2) on Tuesday, November 9. The indicator shows the view of investors and analysts on the 6-month economic outlook for the Eurozone. The survey is historically focused on the German economy as Germany tends to lead the Eurozone economy, so pay close attention to the German Economic Sentiment which is released at the same time.
Why is it important?
Last time, the EU ZEW Economic Sentiment came out worse than expected. As a result, EUR/USD dropped by 360 points after the release.
How to trade on ZEW Economic Sentiment?
It’s easy! Compare the actual data with the forecast in the economic calendar.
- If the indicator is greater than the forecasts, the EUR will rise.
- Alternatively, the EUR will drop.
Instruments to trade: EUR/USD, EUR/GBP, EUR/JPY, and other pairs with the EUR.
Similar
The US Parties Lead the Country to a Default
When will the US go bankrupt? Will it start the market crash unseen before? We have plenty to share with you, so let’s get started.
Tensions Over Debt Ceiling Rise
The Chinese economy is slowing down, while a risk that politicians will not be able to agree regarding the US national debt increases. Read the full statement to learn more!
Latest news
Nonfarm Payrolls is in Focus Today
The situation on the labor market still looks optimistic. Today we expect the Unemployment rate data. 3.5% is expected.
No More US Debts in Sight
The first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.
Gold Rises as Central Banks Buy More
About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.
