Forex Market News and Analysis

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Wed, 12 Apr 2023 15:30:07 GMT

Boeing reveals targets

Boeing Company has revealed that it expects to return to 2019 737 MAX jet production numbers in 2025.

Wed, 12 Apr 2023 12:57:29 GMT

United States publish inflation data

The US Bureau of Labor Statistics has just published the monthly Consumer Price Index data sets. Consumer Price Index month on month, which was expected to be at 0.2%, is actually 0.1%, Consumer Price Index year on year, which was expected to be at 5.1%, is actually 5.0% Core Consumer Price Index month on month, which was expected to be at

Wed, 12 Apr 2023 12:33:55 GMT

United States publish inflation data

The US Bureau of Labor Statistics has just published the monthly Consumer Price Index data sets. Consumer Price Index month on month, which was expected to be at 0.2%, is actually 0.1%, Consumer Price Index year on year, which was expected to be at 5.1%, is actually 5.0% Core Consumer Price Index month on month, which was expected to be at 0.4%,

Wed, 12 Apr 2023 12:30:07 GMT

Alibaba shows off AI

The Chinese conglomerate Alibaba has joined in the AI tech hype, as the company has showed off its Ai that should be implemented in various apps.

Wed, 12 Apr 2023 09:30:05 GMT

Chinese prices decline

In China consumer and factory prices have reportedly declined, as low demand has caused a price drop not seen since June 2020.

Wed, 12 Apr 2023 06:30:07 GMT

Credit Suisse employees comment on cuts

The Swiss Bank Employees Association has announced that Credit Suisse and UBS should stop firing employees despite the emergency merger.

Tue, 11 Apr 2023 14:30:08 GMT

Oil reacts to Chinese stimulus

Crude oil price benchmarks surged on Tuesday, as the Chinese government announced stimulus, which is expected to increase demand for energy products.

Tue, 11 Apr 2023 12:30:07 GMT

Dollar declines to prior levels

During Tuesday's Asian trading hours, the US Dollar index declined back to early Monday's levels and erased prior gains.

Tue, 11 Apr 2023 11:27:28 GMT

Gold trades near 2,000.00

The price for Gold retreated below 2,000.00 on Monday, before finding support in the combination of the 1,990.00 level and the 200-hour simple moving average. At mid-day on Tuesday, the commodity price was testing the resistance of the 2,000.00/2,010.00 range. Economic Calendar Analysis On Wednesday, watch out for the US Consumer Price Index release at 12:30 GMT. The US inflation data is

Tue, 11 Apr 2023 11:24:18 GMT

USD/JPY finds support in 133.00

The USD/JPY currency pair's surge appears to have bounced off the 134.00 mark. The following decline has approached and found support at 133.00. Meanwhile, the rate is being approached by the 50-hour simple moving average. Economic Calendar On Wednesday, watch out for the US Consumer Price Index release at 12:30 GMT. The US inflation data is bound to impact the US Dollar's

Tue, 11 Apr 2023 11:18:17 GMT

GBP/USD recovers losses

The GBP/USD has found support in the 1.2350 level. The event has been followed up with a surge to the 1.2450 mark. Economic Calendar On Wednesday, watch out for the US Consumer Price Index release at 12:30 GMT. The US inflation data is bound to impact the US Dollar's value. On the same day, at 18:00 GMT, the US Federal Reserve Meeting

Tue, 11 Apr 2023 11:15:11 GMT

EUR/USD remains near 1.0900

The EUR/USD revealed a support zone below 1.0840 on Monday. The support zone was enough to cause a surge, which by mid-Tuesday had managed to reach above the technical levels near 1.0900. Economic Calendar Analysis On Wednesday, watch out for the US Consumer Price Index release at 12:30 GMT. The US inflation data is bound to impact the US Dollar's value. On

Tue, 11 Apr 2023 10:53:30 GMT

Gold trades near 2,000.00

The price for Gold retreated below 2,000.00 on Monday, before finding support in the combination of the 1,990.00 level and the 200-hour simple moving average. At mid-day on Tuesday, the commodity price was testing the resistance of the 2,000.00/2,010.00 range. A move above 2,010.00 might encounter resistance in round price levels, before reaching the 2,050.00 mark. On the other hand, a

Tue, 11 Apr 2023 10:35:17 GMT

USD/JPY respects round levels

The USD/JPY currency pair's surge appears to have bounced off the 134.00 mark. The following decline has approached and found support at 133.00. Meanwhile, the rate is being approached by the 50-hour simple moving average. A decline below 133.00 and the 50-hour SMA might look for support in the 132.50 level and the 200-hour simple moving average. Further below, the weekly

Tue, 11 Apr 2023 10:18:33 GMT

GBP/USD respects round levels

The GBP/USD has found support in the 1.2350 level. The event has been followed up with a surge to the 1.2450 mark. In the case of the rate moving above 1.2450, the currency pair would most likely face resistance in the 1.2500 level. Higher above, the April high zone is bound to act as resistance at 1.2510/1.2525. However, a decline

Tue, 11 Apr 2023 09:43:21 GMT

EUR/USD reveals support zone

The EUR/USD revealed a support zone below 1.0840 on Monday. The support zone was enough to cause a surge, which by mid-Tuesday had managed to reach above the technical levels near 1.0900. The ongoing surge of the Euro against the US Dollar is expected to encounter resistance in the 1.0920 and 1.0940 levels. Higher above, note the April high

Tue, 11 Apr 2023 08:08:21 GMT

Bitcoin reaches above 30k mark

The price for Bitcoin reached above the 30,000 level on this morning, as news of additional stimulus in China boosted most of financial markets.

Mon, 10 Apr 2023 10:30:09 GMT

Ford plans changes in products

The US carmaker Ford Motor Company has announced that it would implement dramatic reductions in product complexity starting from 2024.

Mon, 10 Apr 2023 06:30:11 GMT

Consumers complain about German banks

The German banking regulators have revealed that banking client complaints had increase by 20% during 2022.

Fri, 07 Apr 2023 15:30:06 GMT

Amazon reduces employee rewards

Amazon has announced that the company would reduce its employee stock awards, which were part of compensation plans.

Fri, 07 Apr 2023 12:30:09 GMT

Apple launches store in India

Apple has expanded by setting up its first retail store in Mumbai. The company has announced that India has become a large market that cannot be ignored.

Fri, 07 Apr 2023 09:30:07 GMT

US banks promote deposit lock in

US banks have been observed as trying to promote deposit lock in options that would pay larger interest. The sector appears to be working on avoiding bank runs.

Fri, 07 Apr 2023 06:30:09 GMT

Reuters polls on Bank of Canada policy

The results of a recent Reuters poll has revealed that the surveyed economist do not expect the Bank of Canada to decrease interest rates during 2023. The central bank appears to be set to continue with strict monetary policy.

Thu, 06 Apr 2023 16:31:03 GMT

Gold finds support in 2,000.00

The price for gold did not manage to properly surge above 2,030.00. The price declined and found support initially in the 2,010.00 level. By mid-Thursday the decline had extended and the price was finding support at 2,000.00. Economic Calendar Analysis On Friday, at 12:30 GMT, the United States will publish the Average Hourly Earnings, Non-Farm Employment Change and Unemployment Rate. On Wednesday, watch

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