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The GBP/USD has found support in the April low level zone at 1.2975/1.2990. By the middle of Wednesday's trading hours, the pair had reached above various technical resistance levels and the 1.3060 mark. Economic Calendar On Thursday, the weekly US Unemployment Claims at 12:30 GMT might cause a minor USD move. On Friday, at 06:00 GMT the value of the GBP could adjust
The drop, which was caused by the ECB last week, eventually ended at the 1.0757 level. Most recently, on Tuesday the level acted as support and caused a recovery, which by the middle of Wednesday's trading had reached above 1.0860. Economic Calendar Analysis On Thursday, the weekly US Unemployment Claims at 12:30 GMT might cause a minor USD move. On Friday, at 07:30
At 12:30 GMT on Wednesday, the Canadian Consumer Price Index data revealed that monthly inflation in Canada had increased by 1.4%, compared to the market forecast of 0.9%. The USD/CAD reacted to the news with an immediate drop of 19 base points or 0.15%.
At 12:30 GMT on Wednesday, the Canadian Consumer Price Index data revealed that monthly inflation in Canada had increased by 1.4%, compared to the market forecast of 0.9%. The news signaled that the local demand for the Canadian currency is higher. Moreover, the Bank of Canada could tighten the supply of the Canadian currency event further in an effort
The price for gold failed to reach the 2,000.00 mark during the last week's trading, as it bounced off the resistance of the 1,995.00/1,998.40 zone. Up to the middle of Wednesday's GMT trading hours, the commodity price had passed the support of the 50, 100 and 200-hour simple moving averages and the trend line, which connects the late March and
The sharp surge of the US Dollar, compared to the Japanese Yen, encountered resistance at the 129.34/129.40 zone. At midnight to Wednesday, a decline of the pair started, which by the middle of the day had touched the 127.60 level. A continuation of the retracement back downwards might look for support in the 127.50 mark. Further below, note the weekly
On Tuesday, Hasbro announced that the company would increase its full 2022 profit forecast, despite a $100 million hit caused by the Russian invasion of Ukraine.
The GBP/USD has found support in the April low level zone at 1.2975/1.2990. By the middle of Wednesday's trading hours, the pair had reached above various technical resistance levels and the 1.3060 mark. If the recovery of the Pound against the US Dollar continues, the currency pair might first find resistance in the 1.3100 mark, before approaching the weekly R1
This week, Reuters published a report, which revealed that electric vehicle sales have continued to grow despite an increase of prices.
The drop, which was caused by the ECB last week, eventually ended at the 1.0757 level. Most recently, on Tuesday the level acted as support and caused a recovery, which by the middle of Wednesday's trading had reached above 1.0860. A continuation of the recovery of the Euro against the US Dollar might encounter resistance in the 1.0860 and
As the French food company Danone published better than forecast quarterly earnings, the stock price of the firm started a surge. By the middle of Wednesday's trading, the stock price had gained almost 10.00%. The company's quarterly sales increased by 7.10%, compared to a market forecast of 5.50%. The company also announced that despite ongoing increase in food prices it would
The USD/NOK pair passed below the combined support of an ascending trend line and the 200-day simple moving average during mid-March. In late trading of March, the rate found support in the 8.5660/8.6000 zone. Afterwards, up to April 20, the pair has been recovering. However, recently, the USD found resistance in the 8.9000 mark against the Norwegian Krona. If the
This week, the Finance Minister of Japan Shunichi Suzuki stated that the weakening Yen would boost inflation through imports.
At the start of April, the price for Tesla stock encountered the resistance of trend line, which connects the 2021 and 2022 high levels. The following decline eventually found support in the 61.80% Fibonacci retracement level at 975.35. The retracement levels are measured by connecting the 2021 March low level and the all-time-high level of November 2021. A recovery of
On Wednesday morning, the USD/CAD declined below the 1.2600 and 1.2580 level support. Moreover, by the middle of the day, the support of the 1.2560 was being pierced. Next support could be found in the 1.2540 mark and the weekly S1 simple pivot point at 1.2527. A move below 1.2540 and 1.2527 levels might eventually each the 1.2500 mark. Further
At midnight to Wednesday, the GBP/JPY pair encountered resistance at 168.35/168.45. During the first half of the day's trading, the pair was looking for support, as the 166.73/167.09 zone was observed to be acting as one. A move below the 166.73 level might look for support in the 50-hour simple moving average near 166.40 and the weekly R2 simple pivot
On Wednesday, the AUD/USD currency pair reached above the 0.7400 mark and approached technical resistance levels near 0.7420. In the meantime, analysts spotted that the rate has been recovering this week in a channel up pattern. A surge above the 0.7420 level and the upper trend line of the channel up pattern might encounter resistance in the weekly R1 simple pivot
At midnight to Wednesday, the EUR/JPY currency pair hit resistance at 139.60/139.70. During the early hours of the day's trading, the currency rate had retreated to a support zone at 138.30/138.85. In the case that the Euro resumes its surge against the Japanese Yen, the rate might once again encounter resistance at 139.60/139.70. Higher above, take into account the 140.00
The CEO of Prada Patrizio Bertelli stated on Tuesday that the company has experienced good results in 2022, despite lockdowns in China and a stop of operations in Russia.
This week, Johnson & Johnson announced that the company would suspend its sales expectations for the COVID-19 vaccine and decrease its profit outlook.
During Tuesday's trading hours, the price for oil remained flat, as output outages in Libya were offset by an expected reopening of factories in Shanghai.
During the middle of Tuesday's GMT trading hours, the Japanese Yen extended its decline, as the currency exchange rate was approaching the 128.50 mark.
On Wednesday, the Canadian Consumer Price Index data is set to impact the value of the Canadian Dollar by revealing the changes in local prices in Canada. On Thursday, the weekly US Unemployment Claims at 12:30 GMT might cause a minor USD move. On Friday, at 06:00 GMT the value of the GBP could adjust to the UK Retail Sales
On Tuesday, European stock indices declined, as the Russian invasion of Ukraine and incoming Fed tightening were blamed for a global economic slowdown.