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The World Bank has announced that in 2023 the global economy could enter into a recession, as the organization slashed its growth forecasts.
The cryptocurrency exchange Coinbase Global has announced that it would fire 950 employees, which is about 20% of the company's workforce.
The G7 countries intend to set two price caps on Russian oil products. In February, price limits are planned to be set on products trading at premium and discounts, compared to crude oil.
Amazon has revealed plans to shut down three warehouses in the United Kingdom, which would impact 1,200 jobs. The workers are set to be offered chances to move to other units.
In the fourth quarter of 2022, BMW auto sales have reportedly recovered, as the company had solved supply chain issues.
The additional support of the 50-hour simple moving average was enough to cause a move of the price for gold above the 1,879.30/1,881.60 resistance zone. Economic Calendar Analysis This week, the US Consumer Price Index release is set to dictate the short term direction of all financial markets. The data will be published on Thursday at 13:30 GMT. XAU/USD short-term forecast A
During the first half of Wednesday's trading hours, the USD/JPY currency pair was testing the resistance of the 132.45/132.65 zone. Economic Calendar This week, the US Consumer Price Index release is set to dictate the short term direction of all financial markets. The data will be published on Thursday at 13:30 GMT. Hourly Chart A recovery of the US Dollar and move
The GBP/USD currency exchange rate remains near 1.2150, as it expects the release of the US Consumer Price Index and the UK GDP data. Economic Calendar This week, the US Consumer Price Index release is set to dictate the short term direction of all financial markets. The data will be published on Thursday at 13:30 GMT. In addition, GBP traders are set
The EUR/USD continues to wait for the US Consumer Price Inflation data, as the pair trades almost flat near 1.0750. Economic Calendar Analysis This week, the US Consumer Price Index release is set to dictate the short term direction of all financial markets. The data will be published on Thursday at 13:30 GMT. EUR/USD hourly chart In the case of the 1.0750 mark
The additional support of the 50-hour simple moving average was enough to cause a move of the price for gold above the 1,879.30/1,881.60 resistance zone. A continuation of the surge might eventually test the 1,900.00 mark. On the other hand, a decline could look for support in the 1,879.30/1,881.60 and 1,867.90/1,870.40 zones. However, the direction of the price is bound
During the first half of Wednesday's trading hours, the USD/JPY currency pair was testing the resistance of the 132.45/132.65 zone. A recovery of the US Dollar and move above 132.65 might be slowed down by the 133.00, 133.50 and 134.00 levels, before the resistance zone near 134.50 would be once again reached. In addition, note the weekly R1 simple pivot
The GBP/USD currency exchange rate remains near 1.2150, as it expects the release of the US Consumer Price Index and the UK GDP data. A move below the support zone and the 1.2100 level might look for support in the combination of the 100 and 200-hour simple moving averages near 1.2050. Further below, note the 1.2000/1.2025 range and the weekly
The EUR/USD continues to wait for the US Consumer Price Inflation data, as the pair trades almost flat near 1.0750. In the case of the 1.0750 mark holding, the currency pair might look for support in the 1.0700 level and the 50-hour simple moving average. Further below, take into account the combination of the 100 and 200-hour SMAs near
In December passenger auto sales in China increased by 2.40%, as buyers rushed to take advantage of the soon to be cancelled electric vehicle subsidy.
Semafor has reported that the Microsoft Corporation intends to invest $10 billion in OpenAI, which is the owner of ChatGPT.
Throughout this week, the price for gold has been fluctuating between the support of the 1,867.90/1,870.40 range and resistance at 1,879.30/1,881.60. In the meantime, the 50-hour simple moving average had caught up with the commodity. Economic Calendar Analysis This week, the US Consumer Price Index release is set to dictate the short term direction of all financial markets. The data will be
The USD/JPY currency pair has been fluctuating between the support of the 131.30/131.40 zone and resistance at 132.45/132.65 since the start of this week's trading. Meanwhile, the pair was observed to be ignoring the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point at 131.90/132.50. Economic Calendar This week, the US Consumer Price Index release is set to
The surge of the GBP/USD, which followed the US employment data release, encountered resistance in the 1.2200 mark. The round exchange rate level held and caused a decline. By mid-Tuesday's trading, the currency pair had reached the support of the 1.2100/1.2115 range. Economic Calendar This week, the US Consumer Price Index release is set to dictate the short term direction of all
From a technical perspective the support of the 1.0500 has held and caused a surge. However, the recent surge has been attributed to the US employment data release on Friday at 13:30 GMT, which caused a broad USD decline. By the start of this week, the pair had reached and was testing the resistance of the 1.0750 level. Economic Calendar Analysis This
Throughout this week, the price for gold has been fluctuating between the support of the 1,867.90/1,870.40 range and resistance at 1,879.30/1,881.60. In the meantime, the 50-hour simple moving average had caught up with the commodity. If the additional support of the 50-hour SMA manages to push the price through the resistance of 1,881.60, the price might finally test the 1,900.00 mark.
The USD/JPY currency pair has been fluctuating between the support of the 131.30/131.40 zone and resistance at 132.45/132.65 since the start of this week's trading. Meanwhile, the pair was observed to be ignoring the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point at 131.90/132.50. A recovery of the US Dollar and move above 132.65 might be
The surge of the GBP/USD, which followed the US employment data release, encountered resistance in the 1.2200 mark. The round exchange rate level held and caused a decline. By mid-Tuesday's trading, the currency pair had reached the support of the 1.2100/1.2115 range. A move below the support zone and the 1.2100 level might look for support in the combination of
From a technical perspective the support of the 1.0500 has held and caused a surge. However, the recent surge has been attributed to the US employment data release on Friday at 13:30 GMT, which caused a broad USD decline. By the start of this week, the pair had reached and was testing the resistance of the 1.0750 level. In the
Reuters has reported that various United States banks have started preparations for a decline in profits and an upcoming recession.