In this review from November 9 2022, Euro/Sterling Pound was a perfect analysis that I found out when I made this analysis in the past 2 weeks and I was lead by fundamental news that Euro was bullish by fundamental news that I will show you here to recall why Euro was bullish.
Fundamental News to recall it:
1) Euro and Sterling Pound rose against he safe haven dollar on November, 7, 2022, supported by a risk on sentiment across market as investors digested positive eurozone data and looked to cash in on the strength of the US Dollar
2) A survey showed on November, 7, 2022 that investors morale in the euro zone improved in November, and reflecting hopes that recent warmer temperatures and falling energy prices will prevent as rationing on the continent this winter
3) Germany should hike taxes on rich to finance relief packages, adviser say-report
4) Germany's economic council less pessimistic than government on looming recession-source
5) German economic will not face as severe recession next year appointment optimistic economic policy that growth 1.7% compared 1.4% based on unexpected third-quarter growth despite inflation and energy supply concerns.
6) Inflation expected to hit 8% this year, but advisers said that inflation's effect on consumer's purchasing power what exceptionally strong price increase are on the way in 2023, a reason for the looming recession.
7) A German newspaper reported that the advisers will recommend the government raise taxes on the wealthy to help finance the multi-billion-euro relief packages it has agreed to fight the energy crisis.
8) Uk Businesses fear gloomy Christmas as cost of living soars.
9) Dollar slips as German bund yields strengthen Euro
10) Marc Chandler (chief market speculation at Bannockburn Global Forex) told in November, 9, 2022 that a steady climb in German bond yields weakened the Dollar on expectations of further European Central Bank tightening, which cut the spread with Treasury yields.
11) Marc Chandler believe that European Central Bank it's about more aggressiveness than Federal Reserve do, focusing in the movement in two year German bunds. He believe that it's not much difference that monetary and fiscal policy it's playing down in the U.S. election than European Central Bank trying to tightening the European monetary policy and tightening in Euro currency.
12) Germany must ask high earners to help with energy relief-economic council
13) A panel of economic advisers said that Germany must tighten its energy-relief measures in the face of soaring inflation, ensuring only households and businesses that need help are on the receiving end while asking high earners.
14) Monica Schitzer (Economist advisers) said that she look an expectations that Germany's pointing out high earners that benefit from a fuel tax cut and a planned gas price brake. She added at a news conference that "increases government debt will likely more than necessary as well as stoking inflation
15) Christian Lindner (First Ministry German Finance) said that government would carefully to examine the panel's report, but he rejected calls for higher taxes.
16) Germany to examine revised European Union debt rules closely
17) Germany welcomes the fact that the European Commission has proposd its changes to EU fiscal rules on debt.
18) ECB Nagel calls for letting long-term rates rise too.
19) European Central Bank should led long-term borrowing costs rise too, as it increases short-term interest rates to fight runaway prices in the euro zone.
20) ECB has been raising its policy rates at record speed but it is still buying bond to replenish portfolio, which has a dampening impact on long-term bond yields.
So, fundamentally Euro was in the morale up and optimistic by fundamental news that every news may to support Euro/Pound into a long term to plan to bought bonds yields. That it's a key fact that Euro can to change the trend in medium term as a signal.
So, this was a perfect trade without observations as I'm very lead by fundamental news. So, in this trade from past 2 weeks. I got 8.96% in profit that I end this in the past 2 weeks. But was a perfect trade that I found out.
Fundamental News to recall it:
1) Euro and Sterling Pound rose against he safe haven dollar on November, 7, 2022, supported by a risk on sentiment across market as investors digested positive eurozone data and looked to cash in on the strength of the US Dollar
2) A survey showed on November, 7, 2022 that investors morale in the euro zone improved in November, and reflecting hopes that recent warmer temperatures and falling energy prices will prevent as rationing on the continent this winter
3) Germany should hike taxes on rich to finance relief packages, adviser say-report
4) Germany's economic council less pessimistic than government on looming recession-source
5) German economic will not face as severe recession next year appointment optimistic economic policy that growth 1.7% compared 1.4% based on unexpected third-quarter growth despite inflation and energy supply concerns.
6) Inflation expected to hit 8% this year, but advisers said that inflation's effect on consumer's purchasing power what exceptionally strong price increase are on the way in 2023, a reason for the looming recession.
7) A German newspaper reported that the advisers will recommend the government raise taxes on the wealthy to help finance the multi-billion-euro relief packages it has agreed to fight the energy crisis.
8) Uk Businesses fear gloomy Christmas as cost of living soars.
9) Dollar slips as German bund yields strengthen Euro
10) Marc Chandler (chief market speculation at Bannockburn Global Forex) told in November, 9, 2022 that a steady climb in German bond yields weakened the Dollar on expectations of further European Central Bank tightening, which cut the spread with Treasury yields.
11) Marc Chandler believe that European Central Bank it's about more aggressiveness than Federal Reserve do, focusing in the movement in two year German bunds. He believe that it's not much difference that monetary and fiscal policy it's playing down in the U.S. election than European Central Bank trying to tightening the European monetary policy and tightening in Euro currency.
12) Germany must ask high earners to help with energy relief-economic council
13) A panel of economic advisers said that Germany must tighten its energy-relief measures in the face of soaring inflation, ensuring only households and businesses that need help are on the receiving end while asking high earners.
14) Monica Schitzer (Economist advisers) said that she look an expectations that Germany's pointing out high earners that benefit from a fuel tax cut and a planned gas price brake. She added at a news conference that "increases government debt will likely more than necessary as well as stoking inflation
15) Christian Lindner (First Ministry German Finance) said that government would carefully to examine the panel's report, but he rejected calls for higher taxes.
16) Germany to examine revised European Union debt rules closely
17) Germany welcomes the fact that the European Commission has proposd its changes to EU fiscal rules on debt.
18) ECB Nagel calls for letting long-term rates rise too.
19) European Central Bank should led long-term borrowing costs rise too, as it increases short-term interest rates to fight runaway prices in the euro zone.
20) ECB has been raising its policy rates at record speed but it is still buying bond to replenish portfolio, which has a dampening impact on long-term bond yields.
So, fundamentally Euro was in the morale up and optimistic by fundamental news that every news may to support Euro/Pound into a long term to plan to bought bonds yields. That it's a key fact that Euro can to change the trend in medium term as a signal.
So, this was a perfect trade without observations as I'm very lead by fundamental news. So, in this trade from past 2 weeks. I got 8.96% in profit that I end this in the past 2 weeks. But was a perfect trade that I found out.
