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The US White House has decided upon subjecting US drug makers to inflation penalties that would subject to fines pharmaceutical companies whose prices increase higher than official inflation.
In general, the rate appears to be consolidating at the 141.00 mark, as it waits for more news either from the US or Japan. In the US it is the case of whether the Dollar continues its decline or it gets oversold and a retracement recovery occurs. Meanwhile, in Japan the Prime Minister is changing the government. Media reports indicate
On Thursday, at 12:00 GMT, the United Kingdom's central bank announced the Official Bank Rate and released the Monetary Policy Summary. As forecast by the market consensus, the bank kept the rate at 5.25%. In the meantime, the Monetary Policy Committee was expected to vote with two members voting for an increase and seven for keeping the rate intact.
The rate was surging after finding support in the 1.0880/1.0888 range, as the management of the European Central Bank added fuel to the fire. Despite keeping the Euro rate unchanged, the central bank President Christine Lagarde made comments on how the policy should be strict and tight, which pushed the Euro even higher. After the events, the surge continued
The Warren Buffet fund Berkshire Hathaway has bought up Occidental petroleum shares worth nearly $588.7 million.
The maker of Photoshop Adobe has announced this week that due to regulatory issues over the company's subscriptions it expects a decline in quarterly revenues.
Reuters has reported that the ongoing changes in the government positions of Japan could change the way the central bank of the country views its ultra-easy policy. A different government might allow to change the long standing monetary course.
On Thursday, at 13:15 GMT, as it was expected by market analysts, the European Central Bank has kept its base interest rate at 4.50%. In general, the ECB has continued to follow the example of the US Federal Reserve. The initial rate announcement did not cause a notable market reaction. However, the follow up press conference by the President and
Reuters has reported that a Chinese chip designer Brite Semiconductors has managed to avoid US chip crackdown by being part-owned by the country's top sanctioned firm and backed by US financing. The company has been offering six chip designs to the People's Liberation Army.
As it was expected by market analysts, the European Central Bank has kept its base interest rate at 4.50%. In general, the ECB has continued to follow the example of the US Federal Reserve.
It has been revealed by in-depth analysis of the recent Consumer Price Index data that high rental costs have been the main driver for stubborn inflation.
On Thursday, at 12:00 GMT, the United Kingdom's central bank announced the Official Bank Rate and released the Monetary Policy Summary. As forecast by the market consensus, the bank kept the rate at 5.25%. In the meantime, the Monetary Policy Committee was expected to vote with two members voting for an increase and seven for keeping the rate intact. However,
The United Kingdom's central bank has just announced the Official Bank Rate and released the Monetary Policy Summary. As forecast by the market consensus, the bank kept the rate at 5.25%. The Monetary Policy Committee was expected to vote with two members voting for an increase and seven for keeping the rate intact. However, three instead of two members wanted
The drop of the US Dollar that was caused by the Federal Reserve boosted the price for gold. The commodity jumped and eventually surged to the resistance of the 2,040.00 mark. Meanwhile, throughout first part of Thursday's trading, the price was finding support in 2,030.00. Economic Calendar Analysis On Friday, the markets could move if one of the Markit Institute Flash Services
The Payments Systems Regulator of the United Kingdom has proposed to cap cross-border interchange fees that are charged by Visa and MasterCard in the UK and EU markets.
The USD/JPY drop that was caused by the Federal Reserve found support in the 141.00 mark. During the decline, prior low levels were passed. By mid-Thursday, the pair was trading in the 141.00/142.00 range.Meanwhile, before the drop, 54% of Dukascopy traders were short. After the event, 58% were in short positions. It appears that traders had benefited. Economic Calendar After the US
The GBP/USD surged due to the Fed rate comments. The pair moved above the 1.2590/1.2610 range and confirmed it as support two times by mid-Thursday. Meanwhile, the Bank of England was set to release its rate, which was set to remain unchanged. Due to this reason, forecasts are made pre-event. Economic Calendar After the US reveal their policy, the rest of the
The Federal Reserve announced that it could cut interest rates in 2024, which caused a massive drop of the US Dollar. The EUR/USD jumped and reached levels near the 1.0900 mark. After the event, the pair shortly reached above 1.0900, before retracing downwards and revealing a support zone at 1.0880/1.0888. Economic Calendar Analysis After the US reveal their policy, the rest of
The drop of the US Dollar that was caused by the Federal Reserve boosted the price for gold. The commodity jumped and eventually surged to the resistance of the 2,040.00 mark. Meanwhile, throughout first part of Thursday's trading, the price was finding support in 2,030.00. A surge above 2,040.00 could face resistance in the 2,050.00 and 2,060.00 levels. Higher above,
The USD/JPY drop that was caused by the Federal Reserve found support in the 141.00 mark. During the decline, prior low levels were passed. By mid-Thursday, the pair was trading in the 141.00/142.00 range. An extension of the ongoing decline would find support in round exchange rate level. Most notably, the 140.00 mark is expected to act as support. In
The GBP/USD surged due to the Fed rate comments. The pair moved above the 1.2590/1.2610 range and confirmed it as support two times by mid-Thursday. Meanwhile, the Bank of England was set to release its rate, which was set to remain unchanged. Due to this reason, forecasts are made pre-event. In general, the rate is expected and was showing that
The Federal Reserve announced that it could cut interest rates in 2024, which caused a massive drop of the US Dollar. The EUR/USD jumped and reached levels near the 1.0900 mark. After the event, the pair shortly reached above 1.0900, before retracing downwards and revealing a support zone at 1.0880/1.0888. In the case of the pair extending the recent gains,
As it was expected by market analysts, the Swiss National Bank has kept its SNB Policy Rate at 1.75%. However, despite the flat rate, the Swiss Franc lost value, as the central bank announced a change of future inflation forecasts. Namely, the SNB revealed that it expects lower than previously forecast inflation throughout 2024 and up to 2026. In general,
As it was expected by market analysts, the Swiss National Bank has kept its SNB Policy Rate at 1.75%. However, despite the flat rate, the Swiss Franc lost value, as the central bank announced a change of future inflation forecasts.