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The currency exchange rate has reached above the 1.0600 mark. However, the 1.0620 level is acting as resistance. It caused a retracement on Thursday and kept the rate down mid-Monday. Meanwhile, it has been spotted and charted that the rate is in a channel up pattern. Economic Calendar Analysis This week, the rate could react to European and United States data releases. On
Gold almost reached the 2,000.00 mark, before starting a consolidation. The consolidation started, as the price hit the upper trend line of the channel up pattern. On Monday, the commodity was finding support in the combination of the 50-hour simple moving average and the 1,970.00 mark. A resumption of the surge of the metal's price is now expected to face
The USD/JPY currency pair has once again reached the 150.00 mark. At this level the markets expect the Bank of Japan to intervene in the forex market and strengthen the Japanese Yen. A strengthening of the Yen would result in the currency pair declining below the support of the 100-hour simple moving average which has kept the pair up
The US White House has decided to create 31 new regional tech hubs that would make them eligible for $500 million in federal funding.
The GBP/USD has confirmed that it is respecting a support zone near the 1.2100 mark. The zone caused a recent recovery of the pair that managed to reach above the 50 and 100-hour simple moving averages. On Monday, the pair broke the 200-hour moving average at 1.2185 and approached the resistance zone at 1.2215/1.2225. A move above the resistance range
The currency exchange rate has reached above the 1.0600 mark. However, the 1.0620 level is acting as resistance. It caused a retracement on Thursday and kept the rate down mid-Monday. Meanwhile, it has been spotted and charted that the rate is in a channel up pattern. A move above 1.0620 could result in the rate facing the combined resistance of
The Japanese competition control authorities have started an investigation of Google possibly breaching antimonopoly laws in the segment of web search services.
The stock price of Volkswagen has dropped more than 3.00% during Monday's trading due to the company reducing its annual profit margin outlook. Volkswagen has announced that due to its blunder in raw material price hedging it expects a return on sales of 7.0-7.3%. The new margins are a downgrade from the precious 7.5%-8.5%. Meanwhile, the company expects the previously
The stock price of Volkswagen has dropped more than 3.00% during Monday's trading due to the company reducing its annual profit margin outlook.
The total unrealized losses on securities of the Bank of America have increased to $131.6 billion. However, the bank does not expect them to generate actual losses.
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 third quarter Gross Domestic Product numbers have revealed an increase of 6.2%, compared to the previous quarter. Year on Year, the GDP has increased 4.9%.
The Taiwanese company Foxconn and US chip maker NVidia have announced a new partnership that is set to concentrate on new Ai factories.
Bloomberg News have reported that Singapore authorities have started an investigation of possible money laundering at Credit Suisse.
Despite limiting exports to China, the US government has included in recently released rules a clause that allows the semiconductor companies to suggest ways of exporting small and medium size system chips.
As tensions in the Middle East continue, Iran has called for a oil embargo on export to Israel. The news have caused US light crude and UK Brent oil prices to reach levels not seen since September.
The Chinese tech company Baidu has revealed a new version of its AI model. Ernie 4.0 is set to compete with the OpenAI's GPT-4 model.
The surge continues, as the metal's price has reached the 1,950.00 mark at mid-Wednesday. Meanwhile, analysts have spotted that the surge could have occurred in a yet unconfirmed channel up pattern. Economic Calendar Analysis On Thursday, the US weekly Unemployment claims could create a minor reaction in the US Dollar. However, by large this event is being ignored by the markets, unless
The pair continues to act strange, as the markets expect Bank of Japan manipulation. On Tuesday, the pair suddenly dipped below 148.80, before returning to previous levels. It appears as if someone wanted to trigger the stops of the buyers below the 149.30/149.50 range. Meanwhile, the 149.80 level continues to act as resistance. Economic Calendar On Thursday, the US weekly Unemployment claims
By mid-Wednesday, the pair continued to bounce between the support range at 1.2040/1.2050 and resistance at 1.2218/1.2225. Economic Calendar This week, there are couple of events that might cause minor reactions in the Forex market. On Thursday, the US weekly Unemployment claims could create a minor reaction in the US Dollar. However, by large this event is being ignored by the markets,
The EUR/USD has passed above the resistance range at 1.0555/1.0565 However, the pair has not managed to reach above the 1.0600 mark and the weekly R1 simple pivot point. Economic Calendar Analysis On Thursday, the US weekly Unemployment claims could create a minor reaction in the US Dollar at 12:30 GMT. However, by large this event is being ignored by the markets,
The surge continues, as the metal's price has reached the 1,950.00 mark at mid-Wednesday. Meanwhile, analysts have spotted that the surge could have occurred in a yet unconfirmed channel up pattern. Higher above, note the 1,970.00 and 1,980.00 levels that have acted as resistance in July. Above these levels, the 2,000.00 mark is expected to slow down the surge. However, in
The pair continues to act strange, as the markets expect Bank of Japan manipulation. On Tuesday, the pair suddenly dipped below 148.80, before returning to previous levels. It appears as if someone wanted to trigger the stops of the buyers below the 149.30/149.50 range. Meanwhile, the 149.80 level continues to act as resistance. A move above the 149.80 level is
By mid-Wednesday, the pair continued to bounce between the support range at 1.2040/1.2050 and resistance at 1.2218/1.2225. A decline might look for support in the 1.2120 level and the zone above it. Further below, Note the two October low level zones at 1.2105/1.2110 and 1.2040/1.2050. In addition, the weekly S1 could provide support at 1.2060. On the other hand, a potential