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On Tuesday, the USD/JPY managed to reach above the 142.70/143.10 range and the 100-hour simple moving average. The event was followed by the pair encountering resistance in the combination of the 143.50 level and the weekly R1 simple pivot point. By mid-Wednesday, the rate had continued to test the resistance and the 142.70/143.10 range had turned into support. Economic Calendar Watch out
Imports and exports of China have continued to decrease more than expected, as weak global and domestic demand has impacted the recovery of the Chinese economy.
The GBP/USD found support in the 1.2685/1.2695 range and the 1.2700 mark. Meanwhile, a resistance range has been spotted and marked at 1.2783/1.2793. Despite the updates, the rate remained near previous levels. Economic Calendar Watch out for the US Consumer Price Index at 12:30 GMT, on Thursday. The inflation data will reveal whether the Fed is managing to fight inflation or not.
The EUR/USD continues to wait for the US CPI in the same range, as it has bounced off the support zone at 1.0935/1.0950 and recovered back to levels near 1.1000. Forecasts remain unchanged. Economic Calendar Analysis Watch out for the US Consumer Price Index at 12:30 GMT on Thursday. The inflation data will reveal whether the Fed is managing to fight
The price for gold has passed below the 1,930.00/1,932.25 range. Moreover, the previous support has turned into resistance. On Wednesday, the price was facing the 1,930.00/1,932.25 zone's and the 50-hour simple moving average's resistance. Meanwhile, support was found in the 1,925.00 level and the 1,920.30/1,922.60 range. In the case of a decline below 1,920.30 the commodity price could look for
On Tuesday, the USD/JPY managed to reach above the 142.70/143.10 range and the 100-hour simple moving average. The event was followed by the pair encountering resistance in the combination of the 143.50 level and the weekly R1 simple pivot point. By mid-Wednesday, the rate had continued to test the resistance and the 142.70/143.10 range had turned into support. A move
The GBP/USD found support in the 1.2685/1.2695 range and the 1.2700 mark. Meanwhile, a resistance range has been spotted and marked at 1.2783/1.2793. Despite the updates, the rate remained near previous levels. A move below 1.2700 and 1.2685/1.2695 might result in the rate looking for support in the 1.2650 level. This level acted as support on Thursday. Further below, note
The EUR/USD continues to wait for the US CPI in the same range, as it has bounced off the support zone at 1.0935/1.0950 and recovered back to levels near 1.1000. Forecasts remain unchanged. A decline might look for support in the 1.0935/1.0950 range, before reaching the weekly S1 simple pivot point at 1.0928. Further below, note the 1.0900 mark, the
Due to a decline in demand for meats Tyson Foods has announced that the company would shut down four meat processing plants.
Reuters has revealed that due to companies leaving the Chinese investment market the country has experienced a foreign direct investment low level not observed for 25 years. Due to this reason the Yuan has lost value because of a decline of demand.
In the second quarter of 2023 Saudi Aramco has reported a profit decline of 38%. The company has made $30 billion during the quarter.
Employee hiring has declined in the fastest pace since mid-2020 due to a slowdown of the economy.
The price for UK's Brent oil brand has been trading in a range around the 80.00 mark just like US crude oil. The reason for the trading has been the OPEC+ cartel's actions. The cartel has been adjusting its production capacity to the global demand in an effort to keep the prices around the 80.00 mark. Most recently, the commodity
Since the middle of July, the EUR/NOK currency exchange rate has been squeezed in between the support range at 11.10/11.20 and resistance of the 200-day simple moving average near 11.30. A decline below 11.10 is highly likely set to look for support in the 11.00 mark and other round levels. Note that the 10.80, 10.60 and 10.40 levels have acted
By mid-Tuesday, the situation on gold charts remained unchanged, as the commodity price continued to trade above the 1,930.00/1,932.25 range. Economic Calendar Analysis Watch out for the US Consumer Price Index at 12:30 GMT, on Thursday. The inflation data will reveal whether the Fed is managing to fight inflation or not. On August 11, the markets will look at the US Producer
On Tuesday, the USD/JPY managed to reach above the 142.70/143.10 range and the 100-hour simple moving average. The event was followed by the pair encountering resistance in the combination of the 143.50 level and the weekly R1 simple pivot point. Economic Calendar Watch out for the US Consumer Price Index at 12:30 GMT, on Thursday. The inflation data will reveal whether the
The GBP/USD currency pair has encountered resistance in the descending 200-hour simple moving average near 1.2790. The event has resulted in a decline. On Tuesday morning, the pair was heading to the support of the 1.2700 mark. Economic Calendar Watch out for the US Consumer Price Index at 12:30 GMT, on Thursday. The inflation data will reveal whether the Fed is managing
The EUR/USD appears to be waiting for this week's US Consumer Price Index release by fluctuating near the 1.1000 mark. Note that the rate has been ignoring the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point. Economic Calendar Analysis Watch out for the US Consumer Price Index at 12:30 GMT on Thursday. The inflation data will
By mid-Tuesday, the situation on gold charts remained unchanged, as the commodity price continued to trade above the 1,930.00/1,932.25 range. A move below 1,930.00 is set to find support at 1,925.00, prior to the commodity price reaching the support range above 1,920.00. On the other hand, a surge of gold's price is expected to face resistance in the combination of the
On Tuesday, the USD/JPY managed to reach above the 142.70/143.10 range and the 100-hour simple moving average. The event was followed by the pair encountering resistance in the combination of the 143.50 level and the weekly R1 simple pivot point. A move above 143.50 and the weekly R1 simple pivot point at 143.49 could be slowed down by the 144.00
The GBP/USD currency pair has encountered resistance in the descending 200-hour simple moving average near 1.2790. The event has resulted in a decline. On Tuesday morning, the pair was heading to the support of the 1.2700 mark. A move below 1.2700 might result in the rate looking for support in the 1.2650 level. This level acted as support on
Eisuke Sakakibara, who is known as Mr Yen due to his interventions in the Forex market as he served as Vice Finance Minister of Japan, has stated that the Japanese government is unlikely going to intervene in the currency market.
The EUR/USD appears to be waiting for this week's US Consumer Price Index release by fluctuating near the 1.1000 mark. Note that the rate has been ignoring the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point. A decline might look for support in the 1.0935/1.0950 range, before reaching the weekly S1 simple pivot point at
Reuters has revealed that Credit Suisse intends to lay off 80% of its employees of the Hong Kong investment banking unit.