Final consumer inflation figures in the euro zone on the agenda today


The risk mood is better to start the day, but we will see what Russian-Ukrainian tensions have to offer in the upcoming session.

For now, the West is slapping Russia with meager sanctions, so it’s not something the markets should worry too much about. But Putin continues to put on a show and there is always a threat that Russia will be more aggressive, so there is still a degree of uncertainty in that regard.

I’d say that’s just part of the comedy before it all falls apart, but we’ll see. Of course, the tensions in the region will not be completely dissipated but at least the last episode will come to an end.

Major

currencies

Currencies

Currencies are generally a widely circulated form of money, being the primary medium of exchange when it comes to buying and selling goods and services. These are often issued by a specific government or set of governments, in the form of paper notes and coins. Other forms of currencies include previous metals such as gold and silver, and digital currencies such as Bitcoin. Currencies serve as the backbone of the economy of the country or countries, due to the perception of value held by the people who use that currency. For example, the US dollar (symbol $, code USD) or the British pound sterling, (symbol £, code GBP), also called fiat money, because they are not tied to any specific asset, such as gold or money. These metals were traditionally used as the primary means of payment, as they had real and real value. Even after the introduction of paper banknotes, many countries maintained a gold standard for much of the 20th century, meaning that one unit of currency could be exchanged for a fixed amount of gold. How to exchange currencies? The modern world, with the invention of electronic networks, computers and the Internet, has allowed the transfer of money to occur almost instantaneously. It also spawned a new era in currencies, including digital currencies, such as Bitcoin and Litecoin. Not backed by any government, but based on a complex set of mathematical software algorithms, the ubiquity of the internet has sparked interest and adoption in digital currencies, while offering relative anonymity. Digital currencies can now also be traded online, through exchanges and brokers, similar to foreign currency trading, known as the forex market. Forex is the largest market in the world, with a turnover of more than 5 trillion dollars per day, where fiat and floating currencies are bought and sold against other currencies, such as the euro against the dollar (EUR/USD) and the pound against the Japanese yen (GBP/JPY).

Currencies are generally a widely circulated form of money, being the primary medium of exchange when it comes to buying and selling goods and services. These are often issued by a specific government or set of governments, in the form of paper notes and coins. Other forms of currencies include previous metals such as gold and silver, and digital currencies such as Bitcoin. Currencies serve as the backbone of the economy of the country or countries, due to the perception of value held by the people who use that currency. For example, the US dollar (symbol $, code USD) or the British pound sterling, (symbol £, code GBP), also called fiat money, because they are not tied to any specific asset, such as gold or money. These metals were traditionally used as the primary means of payment, as they had real and real value. Even after the introduction of paper banknotes, many countries maintained a gold standard for much of the 20th century, meaning that one unit of currency could be exchanged for a fixed amount of gold. How to exchange currencies? The modern world, with the invention of electronic networks, computers and the Internet, has allowed the transfer of money to occur almost instantaneously. It also spawned a new era in currencies, including digital currencies, such as Bitcoin and Litecoin. Not backed by any government, but based on a complex set of mathematical software algorithms, the ubiquity of the internet has sparked interest and adoption in digital currencies, while offering relative anonymity. Digital currencies can now also be traded online, through exchanges and brokers, similar to foreign currency trading, known as the forex market. Forex is the largest market in the world, with a turnover of more than 5 trillion dollars per day, where fiat and floating currencies are bought and sold against other currencies, such as the euro against the dollar (EUR/USD) and the pound against the Japanese yen (GBP/JPY).
Read this term have changed little overall, but the Kiwi is a notable winner after a more hawkish RBNZ earlier in the day. This continues to differentiate the Aussie and Kiwi from the rest of the bloc as they have largely held up in recent weeks.

Looking ahead, there are a few releases to get things going, but they shouldn’t distract from the risk mood that is the main driver of trade sentiment at the moment.

0700 GMT – Germany March GfK consumer confidence
07:45 GMT – Business confidence in France in February
0900 GMT – Switzerland February Credit Suisse Investor Sentiment
1000 GMT – Final Eurozone CPI January figures
12:00 GMT – US MBA Mortgage Applications Feb 18

That’s all for the upcoming session. I wish you all the best days ahead and good luck with your trading! Stay safe there.


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