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As the title suggests, the GBP/USD has continued to remain near the 1.2400 mark. The pair appears to be waiting for this week's central bank rate hikes, as both the US Federal Reserve and the Bank of England are set to announce rates during this week. Economic Calendar This week, various events will impact the markets. In general, fundamentals are set to
The EUR/USD appears to be waiting for the Federal Reserve rate hike and press conference by trading near the 1.0900 level. Resistance is found at 1.0920/1.0925 and support is located at 1.0835/1.0840. Economic Calendar Analysis This week, various events will impact the markets. In general, fundamentals are set to impact the currencies. On Tuesday, at 15:00 GMT, the Consumer Board Consumer Confidence
It appears that market participants have taken profits from the commodity price's recent surge. The price has declined to trade at 1,920.00/1,935.00. Meanwhile, the metal has broken the support of various moving averages and the support trend line, which has guided it recently. The near term future of the price for gold is going to be set by the US Federal
The USD/JPY is ignoring the technical levels like the weekly simple pivot point and hourly moving averages. The reason for the moves is the fact that the pair is waiting for the Wednesday's US Federal Reserve Rate hike. The move above 130.00 could face resistance in the 130.50 and 131.00 levels. Both of these levels have recently acted as resistance.
As the title suggests, the GBP/USD has continued to remain near the 1.2400 mark. The pair appears to be waiting for this week's central bank rate hikes, as both the US Federal Reserve and the Bank of England are set to announce rates during this week. A potential decline of the currency pair would have to pass below the weekly simple
The EUR/USD appears to be waiting for the Federal Reserve rate hike and press conference by trading near the 1.0900 level. Resistance is found at 1.0920/1.0925 and support is located at 1.0835/1.0840. A surge of the Euro against the US Dollar might encounter resistance in the weekly R1 simple pivot point at 1.0918 and the 1.0920/1.0925 range. Higher above,
SAP has announced that it would cut its workforce by 2.5% by cutting nearly 3,000 jobs. Moreover, the company is set to sell its stake in Qualtrics.
The IBM Corporation has announced that it would lay off 3,900 employees. Moreover, the company has missed its annual cash target.
The CEO of Tesla Elon Musk has recently stated that the recent price cuts have increased demand for the company's vehicles, which should increase total sales.
The oil company Chevron has announced that it is tripling its share buyback budget from $25 billion up to $75.
Nokia has revealed that it expects the company to increase its telecoms market share and its sales in 2023.
In December, advertising expenditure on Twitter ads had decreased by 71%. The information has been compiled and published by Standard Media Index.
Due to a weakening of exports to Asia, the Japanese government has cuts its overall economic outlook for the first time in a period of 11 months.
The airline EasyJet has revealed that due to strong bookings for 2023 the company expects a return to profits.
The insurance broker Aon has revealed that due to various climate disasters the world has suffered a loss of $313 billion in 2022.
Volvo Cars has announced a recall of 106,900 cars due to possible faulty brakes. The recall affects most of 2023 make models.
US business jet buyers have been looking for current owners of airplanes, which might be having issues with making payments due to the ongoing financial market turbulence.
At the start of the day's trading, the stock price for Tesla jumped by nearly 10.00%. The stock price started the day at $158.37, compared to the previous close of $144.44. The boost of the stock price occurred due to the quarterly earnings results that were released after Wednesday's market close. The company had beaten its earnings forecast by
Johnson & Johnson has announced that due to high expectations in the pharmacy sector the company would increase its 2023 profit forecast.
At midnight to Thursday GMT time zone, the price for gold almost reached the 1,950.00 mark. However, resistance was encountered and a decline started. By mid-day, the price had reached below 1,935.00. 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
The decline of the USD/JPY passed one technical support level after another until it reached the 129.00 mark on Thursday morning. The round level acted as support and caused a surge up to the 130.00 level. It was observed that the 130.00 mark was acting as resistance. Namely, the main conclusion was that the round exchange rate levels are set
The recovery of the Pound against the US Dollar reached above 1.2400 on Thursday. However, the exchange rate did not reach the 1.2435/1.2450 range. Economic Calendar 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 13:30 GMT. The Advance GDP is the first
On Thursday, the EUR/USD approached the 1.0920/1.0925 zone, which once again acted as resistance. The following decline reached the 50-hour simple moving average and the 1.0900 mark. 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 13:30 GMT. The Advance
At midnight to Thursday GMT time zone, the price for gold almost reached the 1,950.00 mark. However, resistance was encountered and a decline started. By mid-day, the price had reached below 1,935.00. An extension of the downwards retracement might look for support in the 1,930.00 mark and the 100-hour simple moving averages. However, these levels failed to act as support. Further