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The Swedish IKEA store owner Ingka Group intends to invest $2.2 billion in expanding its operations in the United States and compete with US retailers.
Reuters has revealed that Deutsche Bank plans to reduce the bank's executive board members from 10 to 9 and fire employees in private banking and infrastructure departments.
The President of the Federal Reserve of New York John Williams has recently stated that inflation remains high and the Federal Reserve will act to lower it.
The US Treasury Secretary Janet Yellen has stated that the United States seek constructive and fair economic ties with China.
The CEO of Tesla Elon Musk has stated that the company would concentrate on sales growth instead of profits, as the company has reported lowest gross margins in two years.
Meta Platforms has enacted another wave of employee firing. This time the company has started to lay off engineers and tech teams.
The People's Bank of China officials have revealed that there is no basis to expect long-term deflation. Inflation is set to remain intact in the Chinese economy.
Heineken has revealed that the company expects an increase of beer consumption in Europe to offset an ongoing decline of demand in Asia.
The 1.970.00 mark has provided enough resistance to the commodity price to cause a recovery. By mid-Thursday, the recovery had reached above the 50-hour simple moving average and the price was testing the 2,000.00/2,010.00 range. Economic Calendar Analysis On Friday, the US Flash Manufacturing and Services PMIs could cause an impact on the US Dollar. XAU/USD short-term forecast A move above 2,010.00 is
The USD/JPY made two attempts to reach above 135.00, before a decline stared at mid-day on Thursday. The decline reached the support zone near 134.00. Economic Calendar On Friday, the US Flash Manufacturing and Services PMIs could cause an impact on the US Dollar. Hourly Chart A move below the support zone near 134.00 might look for support in the 200-hour simple moving
The GBP/USD continues to trade in the range, which was established after the UK CPI release. Resistance is located at 1.2468/1.2474 and support is at 1.2393/1.2405. Economic Calendar On Friday, the US Flash Manufacturing and Services PMIs could cause an impact on the US Dollar. GBP/USD short-term view A move above 1.2475 could be stopped by the 1.2500 mark and the weekly R1 simple
The EUR/USD has been ignoring the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point, as it has been highly volatile between the 1.0940 mark and the resistance of the 1.0982/1.0984 range. On Thursday afternoon, the pair pierced the resistance zone. Economic Calendar Analysis On Friday, the US Flash Manufacturing and Services PMIs could cause an impact on
The 1.970.00 mark has provided enough resistance to the commodity price to cause a recovery. By mid-Thursday, the recovery had reached above the 50-hour simple moving average and the price was testing the 2,000.00/2,010.00 range. A move above 2,010.00 is expected to be slowed down by round price levels until the price once again reaches the notable levels of 2,030.00 and
The USD/JPY made two attempts to reach above 135.00, before a decline stared at mid-day on Thursday. The decline reached the support zone near 134.00. A move below the support zone near 134.00 might look for support in the 200-hour simple moving average near 133.70. Further below, note the 133.50 level and the weekly simple pivot point at 133.20. However, a resumption
The GBP/USD continues to trade in the range, which was established after the UK CPI release. Resistance is located at 1.2468/1.2474 and support is at 1.2393/1.2405. A move above 1.2475 could be stopped by the 1.2500 mark and the weekly R1 simple pivot point at 1.2523. Higher above, note the April high level at 1.2546. However, a decline would have to pass
The EUR/USD has been ignoring the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point, as it has been highly volatile between the 1.0940 mark and the resistance of the 1.0982/1.0984 range. On Thursday afternoon, the pair pierced the resistance zone. An extension of the upwards move might be slowed down by the 1.1000 mark, before
The stock price of Tesla started the day's trading with a -8.70% gap down to $164.85. The stock drop was caused by the company's earnings revealing that the company's gross profit margins have reached a two year low level. Margins have been decreasing due to the company cutting prices on its models and competing with other electric vehicle makers.
The stock price of Tesla started the day's trading with a -8.00% gap down to $166.10. The stock drop was caused by the company's earnings revealing that the company's gross profit margins have reached a two year low level.
The electric vehicle maker Tesla has announced that it would cuts its prices for a sixth time in a row in an effort to boost demand.
The Chinese government has revealed plans to stimulate the country's economic recovery by boosting local consumption.
The stock price of Netflix has reacted to the most recent quarterly results. In general, the company reported better than expected earnings, but revealed that it expects lower income in the future.
The President of the St. Louis Federal Reserve James Bullard has stated to Reuters that he expects no incoming recession and the US Fed should continue to hike interest rates to stop the rampant inflation.
The latest United Kingdom Consumer Price Index has been revealed to be at 10.1%, compared to the forecast of 9.8%. The data indicates that inflation remains persistent.
The price for gold has bounced off the 2,000.00/2,010.00 range and declined. By the middle of Wednesday's trading, the commodity price has reached the 1,975.00 level. Economic Calendar Analysis On Friday, the US Flash Manufacturing and Services PMIs could cause an impact on the US Dollar. XAU/USD short-term forecast A continuation of the ongoing decline might look for support in the February and