Italy: past, present...
- At the end of 2011 Italy was caught in a bad equilibrium characterised by high levels of debt, high levels of interest rates and low growth. Since then the country has undertaken measures to strengthen its public finances and to solve the bottlenecks which constrain its prospects. Yet, there is no time for complacency.
European dynamics: Croatia - the case of Croatia and Serbia
- Croatia is more integrated with the EU than Serbia, and is further along its convergence process. As a result, it has been more affected by the crisis, which it has been struggling to overcome since 2008. However, numerous problems are similar in both countries, such as the constraints arising from the large proportion of euro-denominated loans, the need for structural reform and the crucial issue of improving Croatia and Serbia’s attractiveness for foreign investors.
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EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in risk mood following the earlier flight to safety weighs on the US Dollar ahead of the weekend and helps the pair push higher.
GBP/USD recovers toward 1.2450 after UK Retail Sales data
GBP/USD reversed its direction and advanced to the 1.2450 area after touching a fresh multi-month low below 1.2400 in the Asian session. The positive shift seen in risk mood on easing fears over a deepening Iran-Israel conflict supports the pair.
Gold holds steady at around $2,380 following earlier spike
Gold stabilized near $2,380 after spiking above $2,400 with the immediate reaction to reports of Israel striking Iran. Meanwhile, the pullback seen in the US Treasury bond yields helps XAU/USD hold its ground.
Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium
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Week ahead – US GDP and BoJ decision on top of next week’s agenda
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