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On Wednesday, the USD/JPY currency pair pierced the lower trend line of the broad channel down pattern. However, the pair immediately found support in the 2024 low level at 140.80. The low level provided enough support for the rate to return to trade between the 142.00 and 143.00 levels. Economic Calendar This week's notable events are over. USD/JPY hourly chart analysis In the case
The decline of the GBP/USD has found support in the 1.3000 mark and the range that surrounds it. The event was followed by a recovery that on Thursday started to respect the resistance of the 1.3100 level. Economic Calendar This week's notable events are over. GBP/USD hourly chart analysis A move above 1.3100 is expected to immediately encounter resistance in the 200-hour simple moving
Despite the Euro being impacted by the ECB rate cut, the rate has continued to respect technical levels. The rate is finding support in the 1.1000 mark and the zone that surrounds it. In the meantime, resistance is found in the 1.1040/1.1060 range. Economic Calendar Analysis This week's notable events are over. EUR/USD hourly chart analysis A move above the 1.1040/1.1060 zone and the
Gold has finally managed to break above 2,530.00. A new high has been booked at 2,555.00, which is acting as resistance. Meanwhile, the price is finding support at 2,545.00. An extension of the ongoing surge could encounter resistance in any of the round price levels. However, it is most likely that the 2,600.00 will act as a major resistance. On the
On Wednesday, the USD/JPY currency pair pierced the lower trend line of the broad channel down pattern. However, the pair immediately found support in the 2024 low level at 140.80. The low level provided enough support for the rate to return to trade between the 142.00 and 143.00 levels. In the case of a resumption of the prior recovery, the
The decline of the GBP/USD has found support in the 1.3000 mark and the range that surrounds it. The event was followed by a recovery that on Thursday started to respect the resistance of the 1.3100 level. A move above 1.3100 is expected to immediately encounter resistance in the 200-hour simple moving average and the 1.3120/1.3130 zone. Above these levels, the
Despite the Euro being impacted by the ECB rate cut, the rate has continued to respect technical levels. The rate is finding support in the 1.1000 mark and the zone that surrounds it. In the meantime, resistance is found in the 1.1040/1.1060 range. A move above the 1.1040/1.1060 zone and the 200-hour simple moving average might be slowed down by
Almost 900 Chinese auto suppliers and EV makers have visited the Frankfurt auto show, as the German carmakers have reported that they have been loosing market share.
The US Bureau of Labor Statistics has published the monthly Producer Price Index data sets. In general, the data revealed higher than expected price growth at the producer level. The US Dollar is reacting to the news by surging.
The US Bureau of Labor Statistics has published the monthly Producer Price Index data sets. In general, the data revealed higher than expected price growth at the producer level. The US Dollar is reacting to the news by surging. Market consensus forecast was that the US Producer Price Index will increase on a month-to-month basis by 0.1%. Actual price growth
Nomura Holdings have announced that the firm expects high revenue growth due to a major increase in trading, over the span of next three years.
The European Central Bank has cut its Main Refinancing Rate, which is the base rate for all Euro debt. Namely, the rate is the base borrowing cost for the European currency. The rate has been reduced from 4.25% to 3.65%, as expected by market analysts.
The European Central Bank has cut its Main Refinancing Rate, which is the base rate for all Euro debt. Namely, the rate is the base borrowing cost for the European currency. The rate has been reduced from 4.25% to 3.65%, as expected by market analysts. The Euro is reacting to the news by increasing volatility, but the rate remains at
The ManpowerGroup has conducted a survey, which has revealed that hiring trends are set to remain unchanged in the fourth quarter of 2024.
Reuters has revealed that Boeing has delayed the supplying of 737 Max aeroplanes, as the firm still struggles with production.
The Chinese tech firm Huawei has reported that it has received orders for nearly 3 million new tri-fold phones. The new phones are seen as a direct competitor to the iPhone 16.
As the antitrust trial of Google started, the US Justice Department prosecutor has stated that Google aimed to dominate online advertising tech by controlling customers and competitors.
The US tech giant has introduced the iPhone 16. The new phone is set to use AI software in American English.
Due to reported underhood fires, the US National Highway Traffic Safety Administration has started an investigation of 781,000 Jeep Gladiator and Wrangler cars.
The United States Bureau of Labor Statistics has published the US monthly inflation data, the Consumer Price Index. In general, the inflation data met market expectations. Markets are reacting to the news by buying the US Dollar in favour of other assets.
The United States Bureau of Labor Statistics has published the US monthly inflation data, the Consumer Price Index. In general, the inflation data met market expectations. Markets are reacting to the news by buying the US Dollar in favour of other assets. The Consumer Price Index month on month change was forecast to show an increase of 0.2%. Actual released
The Chinese consumer inflation has increased in August, as prices grew at a rate not seen for half-a-year. The August CPI showed a change of 0.6%.
Markets have reduced their expectations for the second quarter growth numbers of the Japanese Gross Domestic Product. Most quote the tightening of monetary policy as the reason for the change of forecasts.
A new energy unit of Panasonic Holdings has finished the preparation for the production of new high-capacity electric vehicle batteries.