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German statistics office has revealed that the country's GDP has declined in the first quarter of the year by 0.3%, compared to the previous quarter. The new data confirms that the country has entered a recession.
The rating agency Fitch has announced that it has put the US AAA debt rating on negative watch due to the failing US debt ceiling talks.
Facebook owner Meta has started a final round of employee layoffs, which is part of a program to eliminate 10,000 positions.
The stock price of NVidia has started the day's trading with a 26.08% or $79.68 gap up. The price action was caused by the company's last night's earnings release. NVidia beat earnings and revenue forecasts despite total earnings decreasing more than ten percent. Earnings per share were forecast to be at $0.924 and total revenue $6.532 billion. The actual numbers
The stock price of NVidia has started the day's trading with a 26.08% or $79.68 gap up. The price action was caused by the company's last night's earnings release.
The United States Bureau of Economic Analysis has published the US quarterly Preliminary GDP data. GDP was expected to have increased by 1.1%. The actual number has been revealed to be 1.3%. The news strengthened the USD. In the current macroeconomic environment positive GDP data indicates that the US Federal Reserve is set to continue to hike interest rates and
The United States Bureau of Economic Analysis has published the US quarterly Preliminary GDP data. GDP was expected to have increased by 1.1%. The actual number has been revealed to be 1.3%. The news strengthened the USD.
The Chinese government has announced that it is against the recently made trade agreement between the United States and Taiwan.
In general, gold trades between two zones, as the traders expect an outcome to the possible US debt default. Support is provided by the 1,952.00/1,955.00 range. Resistance is encountered at 1,982.00/1,985.00. Meanwhile, short term resistance and support can be encountered n the combination of the 50 and 100-hour simple moving averages near 1,970.00. Economic Calendar Analysis On Thursday, the US Preliminary GDP
The USD/JPY has moved above the 139.00 mark and the weekly R1 simple pivot point at 139.18. The rate's recent surge was caused by the 100-hour simple moving average. Economic Calendar On Thursday, the US Preliminary GDP and Unemployment Claims releases at 12:30 GMT are highly likely going to impact the USD. On Friday, at 12:30 GMT, the Core PCE Price Index is
The GBP/USD currency pair shortly traded below the 1.2340 level on Thursday morning. However, the event was followed by a recovery up to the 50-hour simple moving average and the 1.2390/1.2395 zone. Economic Calendar On Thursday, The US Preliminary GDP and Unemployment Claims releases at 12:30 GMT are highly likely going to impact the USD. On Friday, at 12:30 GMT, the Core PCE
As the markets switch to the safety of the US Dollar due to a possible US government default, the EUR/USD has continued to decline. By mid-Thursday, the currency pair had passed below the weekly S1 simple pivot point and reached the 1.0720 level. Economic Calendar Analysis On Thursday, The US Preliminary GDP and Unemployment Claims releases at 12:30 GMT are highly likely
In general, gold trades between two zones, as the traders expect an outcome to the possible US debt default. Support is provided by the 1,952.00/1,955.00 range. Resistance is encountered at 1,982.00/1,985.00. Meanwhile, short term resistance and support can be encountered n the combination of the 50 and 100-hour simple moving averages near 1,970.00. If the price eventually passes above 1,985.00, the
The USD/JPY has moved above the 139.00 mark and the weekly R1 simple pivot point at 139.18. The rate's recent surge was caused by the 100-hour simple moving average. An extension of the ongoing surge might be stopped by the 140.00 mark. Higher above, the combination of the 140.50 level and the weekly R2 simple pivot point could stop the surge
The GBP/USD currency pair shortly traded below the 1.2340 level on Thursday morning. However, the event was followed by a recovery up to the 50-hour simple moving average and the 1.2390/1.2395 zone. A bounce off from the combination of the 50-hour SMA, the 1.2390/1.2395 range and the 1.2400 mark would result in the pair declining back to the 1.2340 level,
As the markets switch to the safety of the US Dollar due to a possible US government default, the EUR/USD has continued to decline. By mid-Thursday, the currency pair had passed below the weekly S1 simple pivot point and reached the 1.0720 level. An extension of the ongoing decline might look for support in the 1.0700 mark. Further below, note
The streaming service company Netflix has increased its measures against password sharing in more than 100 countries. The company has forbidden passwords to be shared outside households.
United Kingdom's monthly consumer price index increase has been reported to be 8.70% year on year. The inflation number was higher than expected. However, inflation has declined below 10.00%.
In the aftermath of the recent Bud Light marketing campaign, Heineken has observed an opportunity to take over a part of the US market. The company intends to revitalise its US business and compete with Anheuser-Busch.
The co-founder of Microsoft Bill Gates has recently stated that top AI agents will replace search and shopping sites.
The price for gold has once again bounced off the 1,955.00 level. On Wednesday morning, the price traded between the 1,970.00 and 1,980.00 level. Note that the 1,970.00 mark was being strengthened by the 50 and 100-hour simple moving averages. Economic Calendar Analysis On Wednesday, at 18:00 GMT, the FOMC Meeting Minutes publication could provide more insight into the Federal Reserve's policy.
The USD/JPY has continued to fail to reach the 139.00 mark. The recent high levels have been marked as a resistance zone at 138.70/138.90. Economic Calendar On Wednesday, at 18:00 GMT, the FOMC Meeting Minutes publication could provide more insight into the Federal Reserve's policy. On Thursday, the US Preliminary GDP and Unemployment Claims releases at 12:30 GMT are highly likely going
On Tuesday, GBP/USD found support in the weekly S1 simple pivot point at 1.2373 and recovered as high as the 1.2450 mark, before the United Kingdom Consumer Price Index data was released. The inflation data caused an increase of volatility with an initial spike to the resistance zone at 1.2470/1.2485 and a follow up decline that almost reached 1.2400. Economic Calendar On
Chevron Corporation has announced this week that it would acquire PDF Energy for $7.6 billion. The major oil company intends to increase its production by 260,000 barrels per day.