Forex
Dollar goes up against major world currencies

The U.S. dollar goes up against major currencies around the world. The dollar continues to be supported by expectations of further monetary tightening by the U.S. Federal Reserve (Fed) in the context of sustained high inflation, writes Trading Economics. Investors are assessing official data on inflation in Great Britain in September. Does the dollar go up in value?
Consumer prices last month rose at an annual rate of 10.1%, the highest in 40 years, while analysts had expected a 10% rise. British inflation was 9.9 percent in August.
The Bank of England will start selling government bonds from the Central Bank portfolio early next month as part of quantitative tightening to fight record inflation, writes Bloomberg. Initially, the regulator had planned to start selling government bonds on October 6, but then postponed it to October 31 because it had to announce the opposite step – buying up bonds.
The British Central Bank was buying up paper last week after the announcement of a massive budget stimulus by the country’s former finance minister, Quasie Kwarteng, which led to a drop in the bond market due to expectations of a strong increase in the debt burden on the government.
The euro was down 0.17 percent to $0.9841 against the dollar, down from $0.9858 at market close Tuesday.
The dollar went up 0.07% to 149.36 yen from 149.26 yen in the previous session.
Pound has fallen by 0.13% to $1.1305 from $1.1320 following the previous trading session.
The so-called offshore yuan, which is traded in Hong Kong, fell to 7.2366 yuan/$1 from 7.2240 yuan/$1.
The ICE-calculated index adds 0.07%, the broader WSJ Dollar Index adds 0.11%.
Earlier we reported that inflation in the Eurozone accelerated to 9.9% in September and 10.9% in the EU.
Forex
ITB (International Trading Brachium) Broker Announced Its YouTube channel

(Mahe, Seychelles-March 08, 2023) – ITB BROKER, LLC, an international forex broker, has announced that with our community growing, we believe that this will be the most effective medium to communicate with and so, we’re proud to announce the launch of ITB YouTube channel .
When a picture speaks a thousand words, How about a video?
- Throughout our community building initiative, we strongly believe in video as our means of communication. Video has played a pivotal role in describing our futuristic services to our audience and in communicating our disruptive vision to potential traders or investors.
- Over the next few weeks, we will be launching interesting videos on upcoming ITB features, bonuses, partnership or IB announcements and financial market expert interviews.
- YouTube is a great place to pick up forex trading tips and learn how to use them in the real world.
There are a number of YouTubers that make great educational videos, perfect for beginners or those considering taking up forex trading. ITB group with over 10 years of financial experience provides you with useful tips and hints of forex trading via its YouTube channel.
About ITB
ITB Broker or ITBFX is a leading provider of online foreign exchange (FX) trading, CFD trading, and related services.
Founded in 2017, the company’s mission is to provide enthusiastic traders with access to the world’s largest and most liquid market by offering innovative trading tools, applying excellent trading platform, meeting strict financial standards, and striving for the best online trading experience in the market.
In addition, ITB offers educational courses on FX trading and Cryptocurrencies on academy section of ITBFX website.

Forex
U.S. budget deficit totaled $262 billion in February

According to a report from the U.S. Treasury Department, the U.S. budget deficit in February was $262,434 billion compared to a $38.8 billion deficit in January. The Dow 30 also had problems.
Analysts at DailyFX suggested that the nation’s budget deficit for February was expected to be $256 billion. A year earlier, in February, the U.S. posted a budget deficit of $216,590 billion.
According to the GAO report, U.S. government spending rose 3.5 percent year over year last month to $524.548 billion, while revenue, in contrast, declined 9.5 percent to $262,114 billion.
Earlier, the U.S. edition of the Washington Post published an editorial stating that the new draft budget proposed by the Biden administration undermines U.S. national security and its ability to invest in the future, because it suggests a further growth of the U.S. national debt.
The WP editorial board noted that the new draft budget assumes a $2 trillion budget deficit, including due to the high cost of providing health insurance to the elderly of the baby boomer generation.
Earlier we reported that the EU has agreed to reduce energy consumption by 11.7% by 2030.
Forex
The EU has agreed to reduce energy consumption by 11.7% by 2030

The European Union has agreed to reduce the bloc’s energy consumption by 11.7 percent by 2030, Reuters reported.
“This will mean a real change in favor of the climate and to the detriment of Putin,” the Danish Niels Fulsang, the European Parliament’s lead negotiator, told the agency.
Initially, in 2021, the EU proposed to reduce consumption by 9%, but in May 2022, against the background of events in Ukraine, increased the target to 13% to quickly abandon Russian energy, writes Forbes. The European Parliament considered it necessary to reduce consumption by 14%. The DAX Index also had problems.
Some EU countries have continued to insist on a 9% cut. An all-night negotiation between the EU and the European Parliament resulted in a compromise: the energy consumption of EU end-users, such as households and businesses, must be 11.7 percent lower than expected in 2030.
The agreement must pass final approval by the European Parliament and EU countries before it can become legally binding.
Earlier, we reported that consumers expect lower inflation in the eurozone, higher wages.
-
Forex8 months ago
Forex Today: the dollar is gaining strength amid gloomy sentiment at the start of the Fed’s week
-
Forex4 months ago
Unbiased review of Pocket Option broker
-
World5 months ago
Why are modern video games an art form?
-
Forex8 months ago
How is the Australian dollar doing today?
-
Cryptocurrency8 months ago
What happened in the crypto market – current events today
-
Stock Markets3 months ago
Amazon layoffs news: company announces record layoffs
-
Stock Markets8 months ago
Morgan Stanley: bear market rally to continue
-
Forex7 months ago
Dollar to pound sterling exchange rate today: Pound plummeted to its lowest since 1985