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Euro after mixed PMI data!
While the Manufacturing sector still suffers, the service sector growth is strong. According to the data published on Friday, S&P Global's flash rose to 54.1 from 52.0 in February, clearly above the 50 levels, indicating growth and challenging th...
Wall Street reversed yesterday's loss; what next?
After digesting data and announcements, investors thought long and concluded that we are close to the end of the rate hike cycle and read it as a positive sign to be happy. The question now is, how long can this optimism last?Fed forecast for the ter...
Can the USD Index breach under the 100 Mark?
Policy makers' decision in their last meeting was not hawkish, but it was not dovish as well to help the stock markets as well. More than anything else, it brought a feeling of disappointment for investors.Decision makers in the US Federal Reserve Op...
BoE Preview | March 2023
After a 50 bps rate hike in January, while we had some signs of lowering inflation and slower economic growth, some economists supported ending the rate hike cycle. However, Wednesday's published inflation numbers changed the market sentiment, and no...
Oil and conditions that are not very favorable for it
While data shows rising US inventories, fears of weaker demand also increase pressure on Oil prices. According to the American Petroleum Institute, released late Tuesday, US crude oil inventories rose by about 3.3 million barrels last week, cont...