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Due to a 37% decline in profits at the chips division, Sony has reported lower than expected quarterly profits. Quarterly operating profits have decline by 29%.
Gold has extended its decline, as the commodity traded 1,945.00 per ounce during mid-Thursday. Economic Calendar Analysis This week, there are no notable pre-scheduled events that might impact the currency exchange rate. Some financial news outlets note the upcoming "speech" of Jerome Powell on Thursday at 19:00 GMT. However, the head of the central bank is set to participate in a panel
The ongoing recovery of the US Dollar against the Japanese Yen has reached above the combined resistance of the 151.00 mark and the weekly R1 simple pivot point at 151.09. Economic Calendar This week, there are no notable pre-scheduled events that might impact the currency exchange rate. Some financial news outlets note the upcoming "speech" of Jerome Powell on Thursday at 19:00
The pair has found support near the 1.2250 level. Meanwhile, resistance appears to be provided by the 1.2300/1.2310 range. Economic Calendar On Friday morning, at 07:00 GMT watch the publication of the UK Gross Domestic Product data. The markets expect the data to reveal a stagnation on a month on month basis and a decrease of GDP on a quarterly basis. The
Since Tuesday, the EUR/USD has continued to respect the support of the weekly simple pivot point at 1.0664 and the 1.0660 mark. Meanwhile, it has been observed that the 50 and 100-hour simple moving averages fail to impact the pair. Economic Calendar Analysis This week, there are no notable pre-scheduled events that might impact the currency exchange rate. Some financial news outlets
The new CEO of Bayer Bill Anderson has been considering separating the firm's consumer health business from the agriculture unit to revive the company's share price.
Gold has extended its decline, as the commodity traded 1,945.00 per ounce during mid-Thursday. An extension of the ongoing decline is set to look for support in previously notable levels like the 1,940.00 mark and the 1,932.25 level. Below these levels, round price levels could impact the price, before the 1,910.25 support would be reached. However, in the case of
The ongoing recovery of the US Dollar against the Japanese Yen has reached above the combined resistance of the 151.00 mark and the weekly R1 simple pivot point at 151.09. A continuation of the ongoing surge is expected to be slowed down by the 151.50 level. Afterwards, the pair is set to test the resistance of the October 31
The pair has found support near the 1.2250 level. Meanwhile, resistance appears to be provided by the 1.2300/1.2310 range. On Thursday, it was spotted that the pair is being approached by the 200-hour simple moving average near 1.2240. If the SMA pushes the rate higher, it would test the 1.2300/1.2310 range. Above 1.2310 the 1.2350 and 1.2400 levels and the
Since Tuesday, the EUR/USD has continued to respect the support of the weekly simple pivot point at 1.0664 and the 1.0660 mark. Meanwhile, it has been observed that the 50 and 100-hour simple moving averages fail to impact the pair. A recovery of the currency pair is expected to face resistance in the 1.0720 level that appears to have turned
Reuters has revealed that Amazon has dedicated a new team to train a new AI model that has been codenamed Olympus.
In the aftermath of the tax document leak scandal, Pricewaterhouse Coopers Australia has announced that it would fire hundreds of employees, as major clients have cut ties with the firm.
Reuters has reported that Chinese buyers have made their largest one-day purchase of US soybeans. Chinese firms have been buying up food on the global market due to various production issues.
The US top 2000 stock index has mostly continued to decline in a large scale channel down pattern throughout the second part of 2023. However, most recently a major event took place. The index pierced the resistance zone at 1,735.00/1,750.00, the upper trend line of the channel pattern and the 50-day simple moving average. In theory, this event should be
At the start of November, the US stock volatility index passed below the October low level at 16.00. It indicates that the index could approach prior low levels not seen since September. The ongoing decline could soon look for support in the 14.92 and 14.65 levels that have acted as support in August and September. Below these levels note the
CNBC has reported that Citigroup has been considering cutting at least 10% of jobs in various major businesses of the group.
The price for gold has declined and revealed that it respects the support of the 1,960.00 mark and the 1,956.60/1,957.10 range. Meanwhile, the 1,970.00 level has turned from support into resistance, as it was keeping the price down. Economic Calendar Analysis This week, there are no notable pre-scheduled events that might impact the currency exchange rate. Some financial news outlets note the
By large, the USD/JPY currency pair remains near the 150.00 mark. Most recently, the pair confirmed the 149.20/149.25 range as support and started a recovery. By mid-Wednesday the pair had clearly reached above the hourly simple moving averages near 150.25 and surged to 150.80. Economic Calendar This week, there are no notable pre-scheduled events that might impact the currency exchange rate. Some
The GBP/USD currency pair encountered resistance in the 1.2430 level and started a decline. By mid-Wednesday, the pair's decline had reached the 1.2250 level. Economic Calendar On Friday morning, at 07:00 GMT watch the publication of the UK Gross Domestic Product data. The markets expect the data to reveal a stagnation on a month on month basis and a decrease of GDP
On Tuesday, the EUR/USD confirmed that it can find support in the combination of the weekly simple pivot point and the 100-hour simple moving average at 1.0665. Economic Calendar Analysis This week, there are no notable pre-scheduled events that might impact the currency exchange rate. Some financial news outlets note the upcoming "speech" of Jerome Powell on Thursday at 19:00 GMT. However,
The price for gold has declined and revealed that it respects the support of the 1,960.00 mark and the 1,956.60/1,957.10 range. Meanwhile, the 1,970.00 level has turned from support into resistance, as it was keeping the price down. A resumption of the broader decline of the commodity price would have to pass below the 1,960.00 level and the 1,956.60 level,
By large, the USD/JPY currency pair remains near the 150.00 mark. Most recently, the pair confirmed the 149.20/149.25 range as support and started a recovery. By mid-Wednesday the pair had clearly reached above the hourly simple moving averages near 150.25 and surged to 150.80. The currency pair could soon test the combined resistance of the weekly R1 simple pivot point
The GBP/USD currency pair encountered resistance in the 1.2430 level and started a decline. By mid-Wednesday, the pair's decline had reached the 1.2250 level. In the near term future, the pair was expected to approach the 1.2200 mark. However, before the round level is reached, the 200-hour simple moving average is set to provide some support. Further below, take
On Tuesday, the EUR/USD confirmed that it can find support in the combination of the weekly simple pivot point and the 100-hour simple moving average at 1.0665. A broader move below 1.0665 could result in the rate looking for support in the 200-hour simple moving average near 1.0635. Further below take into account the notable 1.0600 mark and the range