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On Friday, Elon Musk revealed that the Twitter acquisition deal had been put on hold. The news caused a 20.00% drop of Twitter stock during the pre-market hours.
This week, the SoftBank Vision Fund posted a loss of $26 billion, which were attributed to the decline in tech stocks.
During Thursday's trading hours, the price for Bitcoin extended a sell off, as it wiped out all 2021 gains.
Data published on Thursday revealed that the UK economy was flat in February and actually decreased in size in March by 0.10%.
This week, US mortgage interest rates increased above the 5.50% level, which marked a 2.42% increase during the previous 12 months.
Panasonic announced this week that due to rising material and component costs the company expects its operating profit to remain flat.
Since the US Consumer Price Index release volatility decreased, the price for gold has been fluctuating between the 1,850.00 and 1,858.50 level. However, by the middle of Thursday's European trading hours, the price slightly declined, as it reached and found support at 1,845.00. Economic Calendar Analysis On Thursday, at 12:30 GMT, US Producer Price Index and Core Producer Price Index data will
In the aftermath of the US Consumer Price Index release, risk off sentiment dominated in the markets, which caused a surge of the value of the Japanese Yen against other currencies. By the middle of Thursday's European trading, on the USD//JPY charts it had resulted in a decline to the 128.50 level. Economic Calendar On Thursday, at 12:30 GMT, US Producer Price
In the aftermath of the US CPI release volatility, the GBP/USD eventually declined. Moreover, on Thursday morning, the UK Preliminary quarterly GDP was revealed to have increased by 0.80% instead of the expected 1.00%. By the middle of the day's European trading hours, the currency rate had reached below the 1.2200 mark and the weekly S1 simple pivot point at 1.2197. Economic
The EUR/USD currency exchange rate eventually declined and on Thursday morning passed below the 1.0500 mark and the support zone at 1.0472/1.0492. By the middle of the day's trading the pair appeared to be heading to the 1.0400 level and the weekly S1 simple pivot point at 1.0397. Economic Calendar Analysis On Thursday, at 12:30 GMT, US Producer Price Index and Core
Since the US Consumer Price Index release volatility decreased, the price for gold has been fluctuating between the 1,850.00 and 1,858.50 level. However, by the middle of Thursday's European trading hours, the price slightly declined, as it reached and found support at 1,845.00. A move below the 1,845.00 level could encounter support in the CPI volatility low level at 1,835.00 and
In the aftermath of the US Consumer Price Index release, risk off sentiment dominated in the markets, which caused a surge of the value of the Japanese Yen against other currencies. By the middle of Thursday's European trading, on the USD//JPY charts it had resulted in a decline to the 128.50 level. In the case that the 128.50 level acts
In the aftermath of the US CPI release volatility, the GBP/USD eventually declined. Moreover, on Thursday morning, the UK Preliminary quarterly GDP was revealed to have increased by 0.80% instead of the expected 1.00%. By the middle of the day's European trading hours, the currency rate had reached below the 1.2200 mark and the weekly S1 simple pivot point
The EUR/USD currency exchange rate eventually declined and on Thursday morning passed below the 1.0500 mark and the support zone at 1.0472/1.0492. By the middle of the day's trading the pair appeared to be heading to the 1.0400 level and the weekly S1 simple pivot point at 1.0397. If the Euro declines against the US Dollar below the 1.0400
On Wednesday, the ECB Policymaker Madis Muller stated that the European Central Bank could reveal its rate hike plan in June.
On May 11, the price of BMW was testing the resistance of the March and May high levels at 82.70/83.60. On May 12, the stock price started the day's trading at the mid-March and April low level zone at 75.35/75.90. The reason for the drop was the dividend payout done by the company. Namely, investors received their dividend payout
On May 8th, the US 500 stock index passed below the support zone at 4,035.00/4,065.00. Afterwards, as the index passed below the 4,000.00 mark, the previous support zone was confirmed as resistance. A continuation of the decline of the index is highly likely set to look for support in the 3,830.00/3,870.00 zone, which impacted the index in early 2021.
This week, Reuters published poll results, which revealed that surveyed economists expect the Japanese economy to have contracted in the first quarter of 2022.
The volatility of the US Consumer Price Index confirmed previous high and low level zones as resistance and support. Namely, support is located at 1.2910/1.2925 and resistance is at 1.3037/1.3053. On Thursday morning, the pair was testing the resistance zone. A move above the resistance zone would result in a surge that might encounter resistance in the 1.3100 and 1.3150
The all out market sell off, which started at mid-day on Wednesday due to the US CPI release, also impacted the GBP/JPY rate. Namely, the risk off sentiment caused a surge of the Japanese Yen. On the GBP/JPY charts it resulted in a passing of the support zone at 160.08/160.43. Afterwards, a sharp decline started. By 08:00 GMT, the GBP/JPY
The carnage caused by the US Consumer Price Index release found resistance in the 0.7050 mark and support was still provided by the 0.6910/0.6920. However, as the volatility returned to normal, the pair started a decline. By the start of Thursday's European trading hours, the currency exchange rate had reached below the 0.6900 mark and the weekly S2 simple pivot
On Thursday morning, the EUR/JPY currency exchange rate plummeted. The pair passed the support of the weekly S1 and S2 levels at 135.80 and 135.00 and the support zone at 134.80/135.00. Afterwards, the rate found support in the April low level zone at 134.28/134.43. If the rate reaches below the April low level zone, the rate is expected to look
During Thursday's trading hours, the prices for BTC and ETH continued to drop. BTC lost more than 10.00% and ETH declined by more than 16.00% during early European trading.
At mid-day on Tuesday, the price for natural gas started a recovery, as news came in that gas flows to Europe from Russia had been decreased by a fourth. The gas route was reported to be shut due to occupying Russian forces.