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On Friday, Chevron revealed that the company had profited $11.6 billion during the second quarter of 2022.
In late June and early July, the UK top 100 stock index revealed a support zone, which surrounds the 7,000.00 mark. During the second half of July trading, the index managed to find enough support in the 6,970.00/7,015.00 zone to start a broad recovery. On July 29, the index passed the combined resistance of the 200-day simple moving average and
Since the last review of the USD/MXN pair conducted in the middle of June, the USD/MXN has been trading between the support of the 1.1960/1.1980 zone and the range at 20.85/21.06. During the second half of July, the currency pair bounced off the resistance zone and declined to the 20.20 level. A continuation of the decline might look for
Since the early hours of Thursday's trading, the USD/CAD currency pair has been finding support in the 1.2800 mark. Meanwhile, resistance has been observed to be found in the 100-hour simple moving average near 1.2850. If the USD/CAD resumes its decline, the rate could aim for the weekly S2 simple pivot point at 1.2717 and the 1.2700 level. However, take into
On Friday morning, the GBP/JPY currency pair shortly traded below the 162.00 level, prior to returning to trade back above it during the second half of the day. If the Pound recovers its lost value against the Japanese Yen, the rate could encounter resistance in the 163.00 and 163.50 levels, before approaching the 50, 100 and 200-hour simple moving averages
On Friday morning, the AUD/USD currency pair clearly reached above the 0.7000 mark and the 0.7020 level. However, after the event, a sharp decline occurred, which failed to find any support. By the middle of the day, the rate had reached below the 0.6920 level and was touching the Wednesday's low levels. Afterwards, a sharp recovery appeared to be heading
The decline of the Euro against the Japanese Yen has continued, as on Friday morning, the pair almost reached the 135.50 level. In the meantime, it was observed that despite being pierced round exchange rate levels have been impacting the rate. In the case of the decline of the currency pair continuing, the rate might look for support in the
The price for gold has managed to reach above the resistance zone, which surrounds the 1,750.00 level. On Friday morning, the metal reached above the 1,765.00 level. However, during the afternoon hours, a retracement back down occurred. Economic Calendar Analysis Next week, on Wednesday, the US ISM Services PMI at 14:00 GMT might impact the pair through the value of the US
The decline of the USD/JPY currency pair eventually reached the 132.50 level. However, on Friday morning, the 132.50 provided enough support to cause a recovery. By the middle of the day's European trading, the pair had almost recovered to the 134.50 mark. Economic Calendar Next week, on Wednesday, the US ISM Services PMI at 14:00 GMT might impact the pair through the
As the GBP/USD was approaching the 1.2250 mark on Friday, it suddenly started a sharp decline. By the middle of the day's European trading hours, the pair had reached the 1.2100 level. Economic Calendar Next week, on Wednesday, the US ISM Services PMI at 14:00 GMT might impact the pair through the value of the US Dollar. On Thursday, the top event
The oil company Shell has ended the quarter with a new record profit of $11.5 billion. Moreover, the company has announced a $6 billion share buyback program.
The EUR/USD currency pair has been highly volatile, as it has been reacting to major US fundamental events throughout the week. Namely, the Fed rate hike and monetary policy announcement together with the US GDP have been creating major moves. In general, the pair has been observed to be fluctuating between the support of the 1.0097/1.0115 zone and resistance at
The price for gold has managed to reach above the resistance zone, which surrounds the 1,750.00 level. On Friday morning, the metal reached above the 1,765.00 level. However, during the afternoon hours, a retracement back down occurred. The retracement down of the commodity price might look for support in the 1,743.85/1,752.60 zone. In addition, note the 50-hour simple moving average
The decline of the USD/JPY currency pair eventually reached the 132.50 level. However, on Friday morning, the 132.50 provided enough support to cause a recovery. By the middle of the day's European trading, the pair had almost recovered to the 134.50 mark. A continuation of the USD/JPY surge could encounter resistance in the 134.75 level, the weekly S1 simple pivot point
As the GBP/USD was approaching the 1.2250 mark on Friday, it suddenly started a sharp decline. By the middle of the day's European trading hours, the pair had reached the 1.2100 level. A continuation of the decline of the 1.2100 mark might look for support in the 100-hour simple moving average near 1.2095 and the weekly R1 simple pivot point at
The EUR/USD currency pair has been highly volatile, as it has been reacting to major US fundamental events throughout the week. Namely, the Fed rate hike and monetary policy announcement together with the US GDP have been creating major moves. In general, the pair has been observed to be fluctuating between the support of the 1.0097/1.0115 zone and resistance
Panasonic has announced that the company has experienced a 39.00% decline in operating quarterly profits.
This week, despite keeping its sales targets for 2022 intact, Volkswagen warned that energy uncertainty in Europe might harm the company.
In the second quarter of 2022, Toyota Motor Corporation has missed its production target by 9.80%. However, the firm commented that it expects a recovery in the third quarter of the year.
The Deputy Governor of the Bank of Japan Masayoshi Amamiya has revealed that the central bank has been constantly thinking of ways of how to end its ultra-loose policy.
The European largest food retailer Carrefour has announced that it would increase its 2022 cost saving targets and is confident in the second half of the year.
On July 28, at 12:30 GMT, the United States Bureau of Economic Analysis published the US quarterly Advance GDP data for the second quarter of 2022. The market consensus for the GDP was at 0.4% growth. The actual data revealed a decline of -0.9%. In April, the Advance GDP revealed a -1.4% decline for the first quarter of 2022. A
On July 28, at 12:30 GMT, the United States Bureau of Economic Analysis published the US quarterly Advance GDP data for the second quarter of 2022. The market consensus for the GDP was at 0.4% growth. The actual data revealed a decline of -0.9%.
A report published by Reuters on Wednesday has highlighted that, despite soaring inflation, consumer-focused companies are experiencing no decrease in demand.