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Reuters has published a report that has revealed that Japanese firms are set to face financial difficulties due to the Bank of Japan raising interest rates. Namely, companies have priced in lower borrowing costs for future investments.
Bloomberg News has revealed that Chinese authorities have been investigating PricewaterhouseCoopers for its part in the $78 billion Evergrande fraud.
The group of Japanese workers unions Rengo has announced that it has succeeded at arranging a 5.25% pay raise for 2024 for its members. This is the largest arranged wage hike since 2013.
Microsoft, X, Match and Meta have joined Epic Games in the protest that claims that Apple has not honoured the court-order that governed Apple App Store.
In February, sales of new cars in the European Union have risen 10.1% on an annual base. The sales have increased from 5.4% in Germany up to 13.0% in France.
The German auto brand Mercedes Benz has been forced by US regulators to recall 116,020 cars due to a faulty 48 volt connection.
We have marked historical support and resistance zones on the commodity price's charts. It can be observed that these ranges are still impacting the price. Most of the zones are close by a round price levels. On Friday, the price was finding support in the 2,161.40/2,164.90 zone. Economic Calendar Analysis There are no more notable events scheduled for this week. XAU/USD short-term forecast
As the race to augment AI into vehicles accelerates, NVidia has been cooperating with BYD and other Chinese producers in developing self-driving cars.
The USD/JPY remains below the 152.00 mark, which is the 2022 high level. Meanwhile, support is found in the 151.00 and 150.50 levels. In addition, on Friday the 50-hour simple moving average was acting as support. Economic Calendar There are no more notable events scheduled for this week. USD/JPY hourly chart analysis A move above 152.00 could encounter resistance in the weekly R3 simple
The central bank announcements are over. It is clear that the GBP weakness dominates, as the rate is declining. On Friday, the pair passed below the major zone at 1.2590/1.2610. Meanwhile, we have observed that traders were 54% just after the Bank of England announcement. Then the decline occurred. On Friday, 50% of traders were short and 50% were in long
The volatility that was caused by fundamental events is over, as candles are smaller and the rate appears to have established a direction. The EUR/USD has declined, and by mid-Friday it appeared to be heading to the 1.0800 mark.Meanwhile, we have spotted that traders have closed their short positions and taken profits from the decline.Economic Calendar Analysis There are no more
We have marked historical support and resistance zones on the commodity price's charts. It can be observed that these ranges are still impacting the price. Most of the zones are close by a round price levels. On Friday, the price was finding support in the 2,161.40/2,164.90 zone. A recovery of the commodity price is set to face the 50-hour simple
The USD/JPY remains below the 152.00 mark, which is the 2022 high level. Meanwhile, support is found in the 151.00 and 150.50 levels. In addition, on Friday the 50-hour simple moving average was acting as support. A move above 152.00 could encounter resistance in the weekly R3 simple pivot point at 152.62 and the 152.50 mark. Higher above, other round
The central bank announcements are over. It is clear that the GBP weakness dominates, as the rate is declining. On Friday, the pair passed below the major zone at 1.2590/1.2610. Next target for the decline is the combination of the weekly S3 simple pivot point at 1.2547, the 1.2550 mark and the support zone at 1.2535/1.2540. The zone marks mid-February
The Consumer Price Index of Canada has revealed that prices have grown in 2.8% in February, compared to February of 2023. The markets expected a 3.1% increase. On a month on month basis prices have risen 0.3% instead of forecast 0.6%
The volatility that was caused by fundamental events is over, as candles are smaller and the rate appears to have established a direction. The EUR/USD has declined, and by mid-Friday it appeared to be heading to the 1.0800 mark. If the 1.0800 provides enough support, the rate could encounter resistance in the 1.0840 or 1.0860 levels, before approaching the 1.0880
On Thursday, the stock price of Apple plummeted 4.37% or $7.81. The drop was caused by a major US antitrust lawsuit that accuses the company of monopolizing smartphone markets. Apple has been known for year to be forcing app developers to use their Apple App Store exclusively and pay the company the commissions charged by the store. The company has
On Thursday, the stock price of Apple plummeted 4.37% or $7.81. The drop was caused by a major US antitrust lawsuit that accuses the company of monopolizing smartphone markets.
The US electric vehicle maker Tesla has announced that it would increase prices for the Model Y cars that are produced in China from April 1.
The US tech company Intel intends to spend $100 billion on the construction and expansion of factories across the United States. Intel has gained $19.5 billion in federal grants and expects to secure $25 billion in tax deductions.
Reuters has revealed that JPMorgan Chase has assembled a sports-focused investment team that is set to evaluate investing into sports franchises.
The competition regulators of France have fined Google with a 250 million Euro fine for breaching EU intellectual property laws.
Employees of Maserati are set to work reduced hours at the Italian factory. The reduced hours have been arranged in an effort to reduce work costs, but keep union workers employed.
The Swiss drug manufacturer Lonza has revealed that it would acquire a biological drug maker from Roche for a total of $1.2 billion.