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The US online retailer Amazon has revealed that it would offer a $5 monthly healthcare subscription plan.
In the aftermath of shortly trading above the 1.0900 mark, the EUR/USD has retreated. On Tuesday the pair was finding support in the 1.0860 level and resistance was provided by 1.0900. Economic Calendar Analysis On Thursday, the US Advance GDP data is set to reveal whether the United States are or are not experiencing a decline in the Gross Domestic Product at
After consolidating and finding support at 1,910.00, the price for gold has surged and by mid-Tuesday the 1,940.00 mark was pierced. Next target for the surge was the 1,950.00 level. In the case of a move above 1,950.00, look out for other round price levels to reveal resistance zones. On the other hand, a decline of the commodity price might find support
This week, the USD/JPY continued to trade near 130.50. Meanwhile, it was spotted that the currency pair has been ascending in a channel up pattern since January 18. If the US Dollar continues to surge against the Japanese Yen, the currency would face resistance in the 131.00 level and the weekly R1 simple pivot point at 131.62. Higher above, note
On Tuesday, the GBP/USD failed at reaching above 1.2400. The event was followed by a sharp decline, which by 12:30 GMT had reached below 1.2300 and the 200-hour simple moving average. An extension of the ongoing decline might find support in the 1.2250 level and the weekly S1 simple pivot point at 1.2230. Afterwards, the 1.2200 level could act a support. On
In the aftermath of shortly trading above the 1.0900 mark, the EUR/USD has retreated. On Tuesday the pair was finding support in the 1.0860 level and resistance was provided by 1.0900. In the case of a resumption of the Euro surge against the US Dollar, the pair would have to reach above the 1.0900 mark and the Monday's high level
Honda Motor Company has revealed that it would increase its efforts to create electric vehicles by establishing a new company division.
Ford has revealed that it would reduce up to 3,200 jobs in its European subsidiaries. Unions have reacted to the announcement with a pledge to fight the layoffs.
The United States Energy Secretary Jennifer Granholm has been revealed by Reuters to have issued a warning to Republicans that limiting the President's authority to use the country's oil reserves could increase oil prices.
The head of the Dutch central Bank Klaas Knot has stated that the markets are underestimating the rate hikes, which are planned by the European Central Bank.
The US online retailer sent out a memo on Wednesday, which ordered firing employees by the end of the day in the United States, Canada and Costa Rica.
Recently interviewed US Federal Reserve policymakers have revealed that despite recent slowdown in inflation, the central bankers want to increase base interest rates.
Microsoft Corporation has announced that it would lay off nearly 10,000 employees and eliminate their positions at the company.
Analysts surveyed by Reuters have revealed that most major US tech companies are expecting abysmal quarterly results and intend to lay off staff, which was increased during the pandemic.
Various media have reported that Microsoft has set out to cut thousands of employee jobs, as various roles in engineering and human resources are set to be eliminated.
The price for gold has returned to the support zone at 1,896.50/1,901.50. The support zone has held and keeps the price up. Meanwhile, it has been observed that the 50 and 100-hour simple moving averages are failing to impact the commodity price. Economic Calendar Analysis Watch out for the incoming release of the European, UK and US Manufacturing and Services Purchasing Managers
A transcript of a testimony of Director of Autopilot for Tesla Ashok Elluswamy has revealed that the Tesla promotion video that has been in use since 2016 does not depict the actual capabilities of the company's developed autopilot.
In the aftermath of the volatility and testing of the 131.50 mark, which was caused by the bank of Japan, the USD/JPY currency pair has returned to trade between 128.00 and 129.00. It was observed that the 50-hour simple moving average near 129.00 had turned into resistance, as the 128.00 mark acted as support. Economic Calendar Watch out for the incoming release
The major surge of the Pound against the US Dollar has stopped at the 1.2436 level. This level marks the start of the December high level zone. The zone is located from 1.2435 up to 1.2450. The resistance was enough to cause a decline of the pair below 1.2350. Economic Calendar Watch out for the incoming release of the European, UK and
The fourth attempt to pass the resistance zone of 1.0865/1.0875 pierced the range, but eventually retraced back down. From a technical perspective the situation remains unchanged, as the EUR/USD is finding support near 1.0790 and resistance is still at 1.0865/1.0875. Meanwhile, note that the pair has been slightly impacted by the combination of the 50 and 100-hour simple moving averages near
The price for gold has returned to the support zone at 1,896.50/1,901.50. The support zone has held and keeps the price up. Meanwhile, it has been observed that the 50 and 100-hour simple moving averages are failing to impact the commodity price. A decline of the price for gold would have to reach below the 1,896.50/1,901.50 zone and the 200-hour simple
In the aftermath of the volatility and testing of the 131.50 mark, which was caused by the bank of Japan, the USD/JPY currency pair has returned to trade between 128.00 and 129.00. It was observed that the 50-hour simple moving average near 129.00 had turned into resistance, as the 128.00 mark acted as support. A move of the US Dollar against
The major surge of the Pound against the US Dollar has stopped at the 1.2436 level. This level marks the start of the December high level zone. The zone is located from 1.2435 up to 1.2450. The resistance was enough to cause a decline of the pair below 1.2350. In the case of a decline of the Pound against the US
The fourth attempt to pass the resistance zone of 1.0865/1.0875 pierced the range, but eventually retraced back down. From a technical perspective the situation remains unchanged, as the EUR/USD is finding support near 1.0790 and resistance is still at 1.0865/1.0875. Meanwhile, note that the pair has been slightly impacted by the combination of the 50 and 100-hour simple moving