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The bounce off from the support of the 200-hour simple moving average has continued, as the EUR/USD currency exchange rate has reached the 1.0800 mark and the resistance of the 100-hour SMA near it. Economic Calendar Analysis On Thursday, the German Preliminary Consumer Price Index will reveal how inflation has done in the biggest economy of the Euro Zone. The European Central
The resistance of the 2,000.00 mark has held and caused another decline. By late Monday's trading hours, the commodity price had reached below 1,950.00. During the decline, the price ignored the support of the 50, 100 and 200-hour simple moving averages and the January and February high levels. A continuation of the ongoing decline is expected to find support in the
The USD/JPY recovery from the 130.00 mark has continued. By the late trading hours of Monday's trading, the pair had reached the 200-hour simple moving average near 131.80. In the case of the pair piercing the 200-hour SMA and the 132.00 level, a surge up to the 132.50 level and the weekly R1 simple pivot point at 132.59 might take place.
The ongoing recovery of the Pound against the US Dollar has continued, as by the end of Monday's trading the pair had almost reached the 1.2300 mark. During the first half of the day's trading, the pair had reached above various technical resistance levels that were laid out from 1.2245 up to 1.2260. A move above 1.2300 could face resistance in
The bounce off from the support of the 200-hour simple moving average has continued, as the EUR/USD currency exchange rate has reached the 1.0800 mark and the resistance of the 100-hour SMA near it. An extension of the ongoing decline might encounter resistance in the 1.0850 and 1.0900 levels, prior to testing the combined resistance of the weekly R1
The government of India has announced to Airbus and Boeing that the airplane makers should open up assembly plants in India.
The stock price of First Citizens BancShares opened the day's trading by 49% higher than the Friday's close. The stock price started the day at $868.27, compared to Friday's $581.80. The surge occurred due to the bank announcing that it would buy out the Silicon Valley Bank deposits and loans from the Federal Deposit Insurance Corporation. The markets appear to
The stock price of First Citizens BancShares opened the day's trading by 49% higher than the Friday's close. The stock price started the day at $868.27, compared to Friday's $581.80. The surge occurred due to the bank announcing that it would buy out the Silicon Valley Bank deposits and loans from the Federal Deposit Insurance Corporation.
Reuters has revealed that Walmart would lay off hundreds of US employees at its e-commerce fulfilment centres.
Reuters has reported that the European Central Bank has been pressuring Raiffeisen Bank to stop its business in Russian.
The Chief Executive Officers of Citigroup Jane Fraser commented on Wednesday that the recent failures of some US banks is not a credit crisis.
Accenture has revealed that it has lowered its annual growth forecasts. Moreover, the company has decided to fire 19,000 employees.
The stock price of Deutsche Bank has plummeted, as the insurance costs for a possible default of the bank have surged. By 10:00 GMT on Friday, the stock price of the company on the German stock exchanges had lost 14.54%.
The stock price of Deutsche Bank has plummeted, as the insurance costs for a possible default of the bank have surged.
The US Treasury Secretary Janet Yellen has recently stated that she is not considering deposit insurance for all US bank deposits.
The yellow metal has once again reached the 2,000.00 mark. The market appears to have returned to risk off sentiment. Meanwhile, it has been spotted that the commodity faces a resistance zone at 2,000.00. Economic Calendar Analysis On Thursday, at 12:30 GMT, the publication of Final US quarterly Gross Domestic Product is set to be published. The release might impact the USD.
The 131.50 level provided resistance and caused a decline, which by the start of Friday's European trading hours had reached 130.00. Economic Calendar On Thursday, at 12:30 GMT, the publication of Final US quarterly Gross Domestic Product is set to be published. The release might impact the USD. However, it is usually the Preliminary GDP release, which impact the markets. On Friday, the
The GBP/USD did not reach the 1.2350 level, despite making attempts for two days. The pair has revealed that it faces resistance at 1.2335/1.2345. On Friday, the currency pair had declined below 1.2300 and the 50-hour simple moving average. Economic Calendar On Thursday, at 12:30 GMT, the publication of Final US quarterly Gross Domestic Product is set to be published. The release
The EUR/USD currency pair has revealed a resistance zone at 1.0908/1.0930. The resistance zone managed to force the pair into a decline down to the 1.0830 level. During the decline, the rate passed below the support of the 50-hour SMA and the 1.0850 mark. Economic Calendar Analysis During the upcoming week, the currency pair is most likely going to be impacted by
The yellow metal has once again reached the 2,000.00 mark. The market appears to have returned to risk off sentiment. Meanwhile, it has been spotted that the commodity faces a resistance zone at 2,000.00. A move above the 2,000.00/2,010.00 zone could encounter resistance in other round levels, before reaching the 2022 high levels near 2,070.00. On the other hand, a decline of
The 131.50 level provided resistance and caused a decline, which by the start of Friday's European trading hours had reached 130.00. A move below 130.00 could look for support in the 129.50 level and the weekly S2 simple pivot point at 129.27. Further below, there appears to be no close by technical support. However, a recovery of the US Dollar against the
The GBP/USD did not reach the 1.2350 level, despite making attempts for two days. The pair has revealed that it faces resistance at 1.2335/1.2345. On Friday, the currency pair had declined below 1.2300 and the 50-hour simple moving average. A decline below the 100-hour SMA and the weekly R1 simple pivot point at 1.2260 and 1.2247 might result in a move
The EUR/USD currency pair has revealed a resistance zone at 1.0908/1.0930. The resistance zone managed to force the pair into a decline down to the 1.0830 level. During the decline, the rate passed below the support of the 50-hour SMA and the 1.0850 mark. An extension of the decline of the Euro against the US Dollar might look for support
Citigroup has issued a downgrade of the European banking sector, as it expects interest rate hikes to continue to impact lenders.