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The publication of the US Federal Reserve Meeting Minutes has reminded the world that the Fed is debating a reduction of interest rates and a stop to the reduction of the central bank's balance sheet. The reminder caused a decline of the US Dollar's value.
The banking group UBS has revealed that it expects AI revenues to increase to $420 billion in 2027. The bank is upgrading its previous forecast of $300 billion.
The United States National Highway Traffic Safety Administration has announced that Ford would recall 112,965 F-150 trucks due to a rear axle issue.
Due to concern over demand for new devices in 2024, Barclays has downgraded the stock of Apple, which has caused a decline of the price to a seven week low level.
The Chinese electric vehicle maker BYD has announced that in 2023 its sales had increased by 62%. The company has sold more than three million vehicles.
Despite hosting a recovery at the end of the year, the price for gold has returned back below 2,060.00. Economic Calendar Analysis At the start of 2024, notable events start on Wednesday. At 15:00 GMT, watch the Institute for Supply Management Manufacturing Purchasing Managers Index survey results and the JOLTS Job Openings number. Note that the two releases could cause a major
The broader surge of the US Dollar has continued due to a stock sell off that was caused by a downgrading of Apple stock by Barclays. On the USD/JPY charts it has resulted in a surge above 142.50. Economic Calendar At the start of 2024, notable events start on Wednesday. At 15:00 GMT, watch the Institute for Supply Management Manufacturing Purchasing Managers
The decline of the GBP/USD currency exchange rate has reached the support of the 1.2590/1.2610 zone. Economic Calendar At the start of 2024, notable events start on Wednesday. At 15:00 GMT, watch the Institute for Supply Management Manufacturing Purchasing Managers Index survey results and the JOLTS Job Openings number. Note that the two releases could cause a major impact, if both shows
The EUR/USD decline has extended below the 1.1000 mark, as the year started with a surge of the US Dollar against other assets. However, the pair appears to have found support in the 1.0930/1.0935 zone. Economic Calendar Analysis At the start of 2024, notable events start on Wednesday. At 15:00 GMT, watch the Institute for Supply Management Manufacturing Purchasing Managers Index survey
Despite hosting a recovery at the end of the year, the price for gold has returned back below 2,060.00. An extension of the ongoing decline is expected to find support in the 2,050.00 mark. Below 2,050.00, the 2,040.00 level and the 2,044.75/1,047.75 and 2,027.15/2,030.00 ranges are capable of acting as support. However, a recovery of the metal is expected to
The broader surge of the US Dollar has continued due to a stock sell off that was caused by a downgrading of Apple stock by Barclays. On the USD/JPY charts it has resulted in a surge above 142.50. The ongoing surge could encounter resistance in the 143.00 level and the weekly simple pivot point at 143.23. In the meantime, a decline
The decline of the GBP/USD currency exchange rate has reached the support of the 1.2590/1.2610 zone. A potential move higher could encounter resistance in the weekly simple pivot point at 1.2656. Higher above, note the 50, 100 and 200-hour simple moving averages that are capable of impacting the rate. In the meantime, a passing below the 1.2590 level might result
The EUR/USD decline has extended below the 1.1000 mark, as the year started with a surge of the US Dollar against other assets. However, the pair appears to have found support in the 1.0930/1.0935 zone. A move below the 1.0930 level could result in the pair looking for support in the 1.0900 mark, before reaching the 1.0880/1.0890 range and the
McDonald's Malaysian unit has sued an anti-Israel boycott movement for making false and defamatory statements that have hurt the company's business.
GasBuddy.com has revealed that the US drivers expect gas prices do go down by 13 cents on average during 2024. The expectations have occurred due to higher US gasoline stocks and increased global refining volume.
The Chinese retailer JD.com has won an anti-monopoly lawsuit against its rival Alibaba. Alibaba has been fined 1 billion Yuan or $140.68 million.
Nippon Yusen, Mitsui O.S.K. and Hapag-Lloyd have announced that they would continue to reroute their shipping from the Suez Canal despite other firms returning to using the dangerous path.
The consumption of coffee has increased by 15% in China. Meanwhile, Brazil's exports to the country have for the first time reached over one million bags.
The United States chip maker NVidia has announced that it would launch a modified gaming chip that would comply with export controls and could be exported to China.
The price for Iron Ore has ended 2023 trading with gains of 55.00%, as Chinese government stimulus has caused demand for construction in the country and with it demand for metal.
The Chinese tech company Huawei Technologies has revealed that it expects its 2023 revenues to reach $98.5 billion, which compared to 2022 is an increase of 9.00%.
The price for Cocoa is set to end the year of 2023 with a gain of 72% and at 46 year high level. The surge of the commodity has been attributed to various supply disruptions.
Interest rates on US home loans have continued to decline, as levels not seen since May have been reached. The rate on 30-year-fixed mortgage has declined to 6.61%.
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