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The EUR/USD started the week by bouncing of the resistance of the 1.0790 level. By mid-Monday, the pair had declined to the combined support of the 100 and 200-hour SMAs, weekly simple pivot point and the 1.0750 level. A move below the 1.0750 level could result in the pair looking for support in the 1.0720/1.0740 range. Further below, note the
The streaming platform Roku has announced that it expects higher than previously forecast 2024 first quarter revenues. However, the company has experienced a stock drop due to missing last quarterly market forecasts.
The Chief Executive Officer of Ford Motor Company Jim Farley has stated that he is ready to work with other US electric vehicle producers to develop a strategy to compete with Chinese firms.
JPMorgan Chase asset management and State Street have announced that they would abandon the largest climate change investing advocate group.
The Chairman of the US Federal Reserve Jerome Powell is set to speak before the United States Senate banking committee in the biannual monetary policy update on March 7. The head of the central bank is expected to provide insights into policy.
In January, the US retail sales volume has declined by 0.8%. In addition, December data has been revised downwards from an increase of 0.6% down to 0.4%.
As NVidia announced that it has been acquiring shares in firms that have been developing new AI technology, the stock price of various AI companies have been surging. The markets are guessing and buying up stocks that NVidia could be interested in.
Google has revealed that it would allow businesses to use auto updating of ChromeOS on older PC models that are set to no longer be supported by Microsoft's Windows 10. By doing so, Alphabet might acquire nearly 240 million new OS clients.
The Japanese chip company Renesas has announced that it would buy the software company Altium for a total of $5.9 billion.
Production at US factories has declined in the month of January, as the Federal Reserve is blaming harsh winter weather.
Dear Dukascopy clients, note that the requirements for equity are bound to change during the weekend. Please, adjust your positions accordingly to avoid unexpected margin calls. Maximum available leverage for the weekends and other market closure days is set to 1:30 (1:60 for accounts with maximum leverage of 1:200). The purpose of this policy is to mitigate risks caused by potential
The banking group Citi has revealed that it expects a 5.00% US Dollar surge, if the Republican Part clean sweeps the upcoming US November election.
The United States Bureau of Labor Statistics has just published the monthly Producer Price Index data. Prices for goods at the wholesale level have grown stunningly. The monthly increase in the PPI is at 0.3% and the Core PPI at 0.5%. Both were expected to increase just 0.1%. The producer price increase indicates that inflation is set to continue
The United States Bureau of Labor Statistics has just published the monthly Producer Price Index data. Prices for goods at the wholesale level have grown stunningly. The monthly increase in the PPI is at 0.3% and the Core PPI at 0.5%. Both were expected to increase just 0.1%.
Microsoft has overtaken Apple as the world's most value company. Microsoft has continued to gain due to growing cloud and AI services sector. However, Apple appears to have lost market share in China, as the Chinese consumers switch to local produced smartphones. This article concentrates on the Microsoft tech chart. From a technical perspective, Microsoft is surging in two large
The news that Apple no longer is the most valued company in the world by market capitalization have prompted for a review of the company's chart. Meanwhile, note that Apple was overtaken by Microsoft. Microsoft has continued to gain due to growing cloud and AI services sector. However, Apple appears to have lost market share in China, as the
Despite the UK economy entering a recession, in January, Retail Sales have increased 3.4%. However, the optimism is not warranted, as the sales have dropped -3.3% in December, which in nominals terms is a larger sum than the recovered amount. The GBP reacted to the news with a surge, before declining back to previous levels. In general, the rate remains
Due to pressure from Chinese competition, European electric vehicle makers Renault and Stellantis have started to cut costs in an effort to reduce EV prices.
The Alphabet owned company has revealed a new software that might read a million word long text in approximately a minute.
The electric vehicle producer Lucid has decreased the price for its Air luxury vehicle. The company intends to increase demand.
The most recent release of Japanese Gross Domestic Product data has revealed that the country has entered a recession. Moreover, the decline in GDP has moved the country to the spot of the fourth largest economy, as it has been overtaken by Germany.
Cisco Systems is set to fire 5.00% of its global workforce, which is more than 4,000 employees. Moreover, the company has lowered its revenue targets.
The Finnish telecommunications company Nokia has partnered up with Dell Technologies to develop and deploy private 5G networks.
The price for gold dipped due to the release of the US CPI. The metal traded as low as the 1,985.00 mark. However, a recovery started on Thursday. the price moved above 1,995.00 and the 2,000.00 mark, before appearing to have been stopped by the 100-hour simple moving average. Economic Calendar Analysis Watch out for the release of the United States Producer