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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. On the EUR/USD charts the pair had additional support of the 1.0900 mark and a recovery
The decline of the price for gold had reached the support of the 2,030.00 mark, as the US Federal Reserve Meeting Minutes were published and caused a reversal of the course of the US Dollar. On the gold charts it resulted in a recovery back to 2,050.00. A move above 2,050.00 is expected to encounter resistance in the 2,060.00 level
The tech giant Intel has announced that it would create an independent company based on its AI software development projects. The new project would be backed by DigitalBridge Group asset managers and associate investors.
The Fed Meeting Minutes caused a decline of the USD at 19:00 GMT on Wednesday. However, the USD/JPY pair did not start a broader decline, as it found support in the 143.00 mark. By mid-Thursday, the US Dollar had continued to appreciate against the Yen and reached the 144.00 level. In the near term future, the pair could approach the
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. In combination with the strong support of the 1.2590/1.2610 range, the fundamental event caused
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. On the EUR/USD charts the pair had additional support of the 1.0900 mark and
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.