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The GBP/USD broke the channel down pattern, before it even approached the 1.2000 mark. Due to that reason, the pair's decline could be considered over. Meanwhile, during Tuesday's trading hours, the pair fluctuated in the 1.2010/1.2060 range. Economic Calendar Wednesday is set to be the top day for GBP/USD traders. In the morning, at 06:00 GMT, the UK Consumer Price impact is
The decline of the Euro against the US Dollar has continued, as on Tuesday the pair reached the support of the 1.0123 level, which appeared to be once again impacting the rate. Meanwhile, it was spotted that the rate has been declining in a narrow channel down pattern. Economic Calendar Analysis On Wednesday, at 12:30 GMT the US Retail Sales and Core
Since the middle of Monday's trading up to mid-Tuesday, the price for gold made attempts at passing the combined resistance of the 1,785.00 mark, the 1,785.00/1,788.00 zone and the 50, 100 and 200-hour simple moving averages. At mid-day on Tuesday, it appeared that the metal had failed, as it declined below 1,775.00. In general, future scenarios remain unchanged. A continuation
The jewellery maker Pandora has reported a decline in sales in the United States in the second quarter of 2022. Due to that reason, the stock price of the company plummeted 7.30%.
On Tuesday morning, the US Dollar manged to pass the resistance of the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point at 133.57 against the Japanese Yen. By the start of the day's US trading, the pair had reached above the 134.50 level and the 134.35/134.55 zone. In the meantime, it was spotted that
The GBP/USD broke the channel down pattern, before it even approached the 1.2000 mark. Due to that reason, the pair's decline could be considered over. Meanwhile, during Tuesday's trading hours, the pair fluctuated in the 1.2010/1.2060 range. A broad recovery of the Pound against the US Dollar might encounter resistance in the 50-hour simple moving average near 1.2085, the 1.2100 mark,
The decline of the Euro against the US Dollar has continued, as on Tuesday the pair reached the support of the 1.0123 level, which appeared to be once again impacting the rate. Meanwhile, it was spotted that the rate has been declining in a narrow channel down pattern. A continuation of the decline is set highly likely going to look
During Tuesday's trading, European stock indices extended their recent recovery, as the surge entered its sixth consecutive day of trading.
On Monday, the People's Bank of China unexpectedly cut its base interest rate, which is contrary to the US efforts at tightening the global economic policy.
Reuters revealed on Monday that China is set to increase its fuel exports in August. However, export numbers are set to remain near low levels not seen since 2015.
The agricultural chemical and seed maker Bayer AG has launched a new platform aimed at connecting US food and fuel makers and farmers.
Daily coal production in China had increased by 16% on a year on year basis, as demand peaked in July.
The price for gold started the week with a decline below the 1,785.00 level and the zone which captures last week's low levels, and the 200-hour simple moving average. By the middle of the day's European trading, the commodity price had reached the 1,775.00 level. Economic Calendar Analysis On Wednesday, at 12:30 GMT the US Retail Sales and Core Retail Sales data
The USD/JPY currency pair has revealed that it is respecting the resistance of the 100-hour simple moving average and the support of the 50-hour SMA. On Monday morning, the pair traded near the 133.50 level. Economic Calendar On Wednesday, at 12:30 GMT the US Retail Sales and Core Retail Sales data is set to impact the rate through the value of the
The Pound has been losing value, compared to the US Dollar, in a channel down pattern since bouncing off the 1.2250 level on Thursday. Buy the middle of Monday's European trading, the price had reached the 1.2050 level. Economic Calendar Wednesday is set to be the top day for GBP/USD traders. In the morning, at 06:00 GMT, the UK Consumer Price impact
On Monday morning, the EUR/USD extended its decline, as the pair passed the support of the 100 and 200-hour simple moving averages near 1.0270 and 1.0230. By the middle of the day's European trading hours, the rate was below 1.0200. Economic Calendar Analysis On Wednesday, at 12:30 GMT the US Retail Sales and Core Retail Sales data is set to impact the
The price for gold started the week with a decline below the 1,785.00 level and the zone which captures last week's low levels, and the 200-hour simple moving average. By the middle of the day's European trading, the commodity price had reached the 1,775.00 level. A continuation of the decline of the price of gold could find support in the
The airline has announced that it had made an initial deal with Airbus about a purchase of 20 Airbus A330neo jets.
The USD/JPY currency pair has revealed that it is respecting the resistance of the 100-hour simple moving average and the support of the 50-hour SMA. On Monday morning, the pair traded near the 133.50 level. A move above the 100-hour simple moving average and the weekly simple pivot point at 133.57 could be stopped by the combination of the 200-hour
The Pound has been losing value, compared to the US Dollar, in a channel down pattern since bouncing off the 1.2250 level on Thursday. Buy the middle of Monday's European trading, the price had reached the 1.2050 level. A move below the 1.2050 level could look for support in the combination of the weekly S1 simple pivot point at 1.0227
On Monday morning, the EUR/USD extended its decline, as the pair passed the support of the 100 and 200-hour simple moving averages near 1.0270 and 1.0230. By the middle of the day's European trading hours, the rate was below 1.0200. A continuation of the decline of the Euro against the US Dollar, the pair might find support in the
Global stock markets started the week's trading with a decline, as various indices lost from 0.35% up to 0.55%.
Wizz Air has announced that the airline would resume its flights from United Arab Emirates to Russia starting from October.
July inflation in Mexico has been revealed to have hit the highest level observed since 2000.