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Abbot Laboratories has beat market expectations for quarterly financial results. The company's stock has surged due to the announcement.
The United States administration's economic adviser Jared Bernstein has stated that increasing tariffs on Chinese metal goods would not increase inflation.
Reuters has revealed that the United States Securities is investigating whether investment firms are complying with policies that are aimed at decreasing insider trading.
The stock price of Netflix is set to start Friday's US trading with a gap down of 6.34% or a price decline of $38.71. In general, the drop has occurred due to the company announcing that it will no longer provide subscriber statistics. Market analyst have been using the subscriber numbers to model future earnings projections. The cancelling of the
The stock price of Netflix is set to start Friday's US trading with a gap down of 6.34% or a price decline of $38.71. In general, the drop has occurred due to the company announcing that it will no longer provide subscriber statistics.
The United States regulators have revealed that Ford would recall 456,565 trucks and SUVs due to a battery issue.
The long awaited Bitcoin halving day has arrived. Market participants were expecting the day, as the technical event cuts the creation for BTC and boosts its price.
Due to a grain oversupply, US wheat farmers are expected to not make a profit in 2024. Grain prices have been hovering near four year low levels.
On Friday, stock indices in Asia and Europe dropped, as the markets went into risk off mode due to the Israeli attack on Iran. However, follow up reports indicate that the attack was limited and no damage was sustained. The reports started a recovery of the equity markets.
The United States National Highway Traffic Safety Administration has announced that it is increasing resources that are spent on investigating reports that nearly 3 million Honda vehicles could suddenly trigger automatic breaking.
As Netflix is easing its password-sharing crackdown, markets are set to watch the firm's subscriber number change. The subscriber number is used as a measure of upcoming earnings.
The airline Ryanair has revealed that the firm expects Boeing to deliver 40 brand new airplanes by mid-July, despite production issues at the US plane maker factories.
Aerospace parts producer Loar Holdings intends to reach a market valuation of $2.28 billion, as the firm has announced that it would debut on the US stock market.
The Vietnamese electric vehicle maker VinFast has announced higher than expected 2024 first quarter earnings. Stock price of the firm has reacted to the news with a surge.
The price for gold found support on Monday and recovered. However, the 2,400.00 mark and prior high level range is acting as resistance. Meanwhile, it has been observed that the ascending 200-hour simple moving average has acted as support and caused the most recent push up to 2,400.00. Economic Calendar Analysis This week, notable events are over. Next week, economic data could
The USD/JPY rate continued its surge until it encountered resistance in the 154.70/154.80 range. Moreover, on Tuesday, support was revealed at 153.85/153.95. Since Tuesday, the pair has been fluctuating between these levels. Meanwhile, it appears that support and resistance is found from time to time in the 50 and 100-hour simple moving averages. On Thursday, the rate was being squeezed
The GBP/USD has revealed that it has been finding support in the 1.2410/1.2425 range. This range has kept the pair up throughout the week. Meanwhile, the 50 and 100-hour simple moving averages near 1.2450 and 1.2470. On Thursday, the moving averages failed to keep the pair down and a surge was expected to occur. Economic Calendar This week, notable events are over.
President of the United States, Joe Biden has called upon increasing tariffs on Chinese metal products. Potential tariffs are bound to improve the stock prices of US steelworks.
The EUR/USD continued to find support in the 1.0600 mark for most part of the week. The support was strong enough to eventually start a surge that broke the resistance of the 50 and 100-hour simple moving averages. Economic Calendar Analysis This week, notable events are over. Next week, economic data could start impacting the markets on Tuesday. On Tuesday, the Markit
The price for gold found support on Monday and recovered. However, the 2,400.00 mark and prior high level range is acting as resistance. Meanwhile, it has been observed that the ascending 200-hour simple moving average has acted as support and caused the most recent push up to 2,400.00. A move above 2,400.00 is expected to result in a surge to
The USD/JPY rate continued its surge until it encountered resistance in the 154.70/154.80 range. Moreover, on Tuesday, support was revealed at 153.85/153.95. Since Tuesday, the pair has been fluctuating between these levels. Meanwhile, it appears that support and resistance is found from time to time in the 50 and 100-hour simple moving averages. On Thursday, the rate was being
The GBP/USD has revealed that it has been finding support in the 1.2410/1.2425 range. This range has kept the pair up throughout the week. Meanwhile, the 50 and 100-hour simple moving averages near 1.2450 and 1.2470. On Thursday, the moving averages failed to keep the pair down and a surge was expected to occur. A surge of the Pound against
During 2024, crude oil prices have surged 16.00%. The surge in the energy commodity price has recently been argued as a reason for the returning inflation in the United States. Moreover, due to the surge not relenting, more inflation is expected by market analysts.
The EUR/USD continued to find support in the 1.0600 mark for most part of the week. The support was strong enough to eventually start a surge that broke the resistance of the 50 and 100-hour simple moving averages. An extension of the ongoing surge is set to face the combination of the 1.0700 mark, the weekly simple pivot point