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China Passenger Car Association has published 2023 market data. The data revealed that Volkswagen and Toyota have lost 0.6% of total market share to other producers.
The world's biggest asset manager BlackRock has announced that it would fire 3% of its workforce by laying off 600 employees.
The Japanese carmaker Honda Motor has revealed plans to introduce new electric vehicles in 2026. The company has been playing catch up to its rival sin the EV sector.
The United States administration has revealed the final version of new legislation that would make it difficult for companies to hide their actual employees under contractor laws.
A US Federal Judge has ruled that Google might have to pay $1.67 billion to a scientist, who claims that the company had infringed on his AI related patents.
The price for gold remains near 2,030.00, as markets wait for the publication of the US Consumer Price Index on Thursday at 13:30 GMT. Meanwhile, resistance is at 2,040.00, support is at 2,025.00 and the 50 and 100-hour simple moving averages fail to impact the price. Economic Calendar Analysis This week, the top event is scheduled for Thursday. At 13:30 GMT, the
The support of the 143.50 level appears to have been enough to cause a move above 144.30/145.00. It appears that it occurred due to the additional support of the 50 and 100-hour simple moving averages. However, it could be that the pair trades near the 145.00 mark, as technical levels have become irrelevant due to the approaching US Consumer Price
In general, the GBP/USD is waiting for fundamental data. The US Consumer Price Index release will set the market course on Thursday at 13:30 GMT. However, note close by technical levels. Economic Calendar This week, the top event is scheduled for Thursday. At 13:30 GMT, the United States Consumer Price Index is set to be published. This data set reveals how prices
In general, technical analysis is set to remain rather irrelevant until the publication of the US Consumer Price Index on Thursday at 13:30 GMT. Meanwhile, note that some impact could be made by strong clusters of technical levels. Support is found near 1.0930 and resistance was located at 1.0980. Economic Calendar Analysis This week, the top event is scheduled for Thursday. At
The price for gold remains near 2,030.00, as markets wait for the publication of the US Consumer Price Index on Thursday at 13:30 GMT. Meanwhile, resistance is at 2,040.00, support is at 2,025.00 and the 50 and 100-hour simple moving averages fail to impact the price. A surge of the commodity price is set to face the 2,050.00 level and
The support of the 143.50 level appears to have been enough to cause a move above 144.30/145.00. It appears that it occurred due to the additional support of the 50 and 100-hour simple moving averages. However, it could be that the pair trades near the 145.00 mark, as technical levels have become irrelevant due to the approaching US Consumer
In general, the GBP/USD is waiting for fundamental data. The US Consumer Price Index release will set the market course on Thursday at 13:30 GMT. However, note close by technical levels. A decline below the moving averages and the 1.2700 mark could eventually reach the weekly S1 simple pivot point at 1.2610 and the support range at 1.2590/1.2610. Note
In general, technical analysis is set to remain rather irrelevant until the publication of the US Consumer Price Index on Thursday at 13:30 GMT. Meanwhile, note that some impact could be made by strong clusters of technical levels. Support is found near 1.0930 and resistance was located at 1.0980. A move above 1.0980 is set to face a number of
For the first time in five months, US small business sentiment index increased in December. However, the data revealed that entrepreneurs still worry about inflation.
The US Securities and Exchange Commission has announced that it would investigate the Tuesday's fake post about approval of Bitcoin ETFs. The post caused a jump of the crypto to $48,000.00. However, the reveal that it is fake reversed the move.
Reuters has revealed that Airbus is nearing the closure of making a deal with Delta Air Lines for the delivery of dozen wide-body airplanes.
Hewlett Packard Enterprise has been reported to be nearing a $13 billion acquisition of Juniper Networks. The deal could be announced as soon as this week. However, the market has already reacted to the news, as HP has dropped 7.7% and Juniper stock surged 21%.
Data for November has revealed that during the month industrial output dropped in Germany. The decline marked a sixth month of consecutive declines.
The Chinese electric vehicle producer BYD is set to enter the Indonesian market starting from next week.
A tech company lobby group has commented that the US regulator plans to supervise digital wallets could reduce innovation and even keep some companies out of the market.
The surge of the stock price of NVidia has resulted in the asset reaching a new all-time-high level by shortly trading above the $525.00 level. The stock price of the company started to surge on Monday due to the company announcing a new desktop GPU. The new GeForce RTX 40 Super series processors are set to use artificial intelligence.
It appears that the decline of price for Gold occurred due to markets turning to Bitcoin as a safe haven asset. The move is inversely correlated to the surge of risk assets on Monday. From a technical perspective, the commodity found support in 2,020.00. By mid-Tuesday, the price had recovered to the combined resistance of the 2,040.00 level and the 100-hour
As the world read the US employment report, it was discovered that the total workforce had decreased. Namely, despite the overall data being better than expected, the numbers were misleading, as their calculation base was smaller. The USD/JPY rate reacted to the news with a move below the 144.30/145.00 zone that immediately resumed acting as resistance. Economic Calendar This week, the top
The Friday's volatility ended with the pair finding resistance in the 1.2760 level and support in the 100-hour simple moving average. On Tuesday, additional support was provided by the combination of the 50 and 200-simple moving averages near the weekly simple pivot point at 1.2718. Economic Calendar This week, the top event is scheduled for Thursday. At 13:30 GMT, the United States