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Trucking industry monitoring company, FreightWaves has revealed that since March there has been a sharp drop in demand for trucking, which signals an incoming decrease in all economic activity.
Various analysts commented during this week that grain companies like Bunge and Archer-Daniels-Midland are expected to reveal high profits due to the Russian invasion of Ukraine.
Reuters revealed on Monday that the German government would soon increase its inflation forecast for 2022 from 3.3% up to 6.1%.
This week, Hyundai revealed that the company's profit had surged 19.00%, despite a 10.00% decline in car sales, due to favourable exchange rates.
On Monday, Reuters revealed that Twitter would accept Elon Musk's $43 billion takeover offer.
During the week, minor moves could be created by some data releases. Meanwhile, note that the whole financial market continues to adjust to the latest comments made by the Federal Reserve about monetary tightening. On Tuesday, the US Durable Goods Orders might impact the USD value at 12:30 GMT. On Thursday, the US Advance GDP is expected to cause USD volatility across
In March, consumer prices in Japan surged by 0.8%, which is the highest reading over a period of 26 months.
After breaking the resistance of the 14.75/14.80 zone, the USD/ZAR currency pair started a surge, which was fueled by a decline of the value of the South African Rand and strength of the US Dollar. This resulted in a 7.20% surge from April 18 up to April 25. In addition, the pair has passed below the 15.50 level's resistance. A
As laid out in one of the forecast scenarios on March 28, the Japan 225 index has bounced off the combination of the 200-day simple moving average, the upper trend line of a channel down pattern and the 28,500.00 level. On April 25, the index was retreating to the April low level after a consolidation retracement occurring during the
The Governor of the People's Bank of China Yi Gang stated that the central bank would ease its policy in an effort to support the economy during the slowdowns that are caused by the coronavirus.
The USD/CAD pair was declining last week, until the US Federal Reserve policymakers revealed in interviews, how they are preparing for base interest rate hikes that are set to increase the demand for the US Dollar. Due to that reason a surge started, which on Monday had already reached the 1.2750 mark. Note that all such type of fundamental events
The GBP/JPY lost the support of the 167.00 mark and plummeted, during last week's trading. Moreover, on Monday, the rate passed the support line, which connects the April low levels. A continuation of the decline of the Pound against the Japanese Yen might aim at the weekly S2 simple pivot point at 162.23, the 162.00 mark and the 161.00 level. Meanwhile,
The resistance zone at 0.7450 was strong enough to cause a sharp decline of the AUD/USD pair below all noteworthy support levels. The rate sharply plummeted, as by April 25 the rate had reached the 0.7150 level. By doing so, the rate had passed below the March low level at 0.7170. A continuation of the decline of the pair would have
Last week, the EUR/JPY currency pair failed to pass the resistance of the 140.00 mark. Afterwards, a decline started, which by the middle of Monday's European trading hours had reached the 137.20 level. In regards to the near term future, a potential decline of the pair would most likely look for support in the 136.90/137.10 zone and the weekly
Reuters revealed on Friday that the Japanese government intends to increase gas subsidies and increase the country's reserves.
During Monday's early trading hours, the US Dollar index touched the 101.75 mark. Most recently the currency has reached levels not seen since the 2020 coronavirus crash.
On Friday, Renault revealed that in the first quarter of 2022 the company had experienced a decline in sales due to the Russian invasion of Ukraine.
The head of the International Monetary Fund Kristalina Georgieva announced this week that a continuation in the slowdown of the Chinese economy might spill over into the global economy.
This week, Reuters published a report, which stated that the global tourism is expected to recover from the pandemic by the start of 2023.
The Japanese government revealed this week that the country's economy appears to be recovering, as the COVID-19 measures have been lifted.
For the first time in two years industrial manufacturing in Shanghai has declined, as coronavirus lockdowns had halted production.
This week, the US jobless claims declined, as the unemployment claim number hit the smallest number in 52 years. The data indicates that there is a shortage of labour in the United States.
At 06:00 GMT, the UK statisticians revealed that the monthly retail sales had declined in the UK by 1.4% instead of the expected 0.3%. Namely, there is a lot less demand for the GBP in the local economy. The GBP/USD reacted to the news with a drop of 115 base points or 0.88% in an hour and half after the
At 06:00 GMT, the UK statisticians revealed that the monthly retail sales had declined in the UK by 1.4% instead of the expected 0.3%. Namely, there is a lot less demand for the GBP in the local economy.