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Due to a decline in demand for beer, US barley farmers have turned to wheat and feed grade barley. The farming sector is expected to suffer a decline in income, as the new crops are priced lower than the previously grown.
Reuters has reported that Samsung Electronics intends to start a cost-cutting program that would include the firing of up to 30% of its workforce.
The football club Manchester United has reported a fifth year of financial losses, as net losses have increased to 113 million GBP.
The Chief Executive Officer of the Bank of America Brian Moynihan has recently commented that Warren Buffett has been a great investor of the bank, but the CEO has not asked Buffet why he has made recent sales of the firm's stock.
The United Kingdom's Office for National Statistics has published the country's monthly Consumer Price Index data. Annual inflation in the UK remains at 2.2%, which indicates that the Bank of England has to keep monetary policy tight. This fact caused an appreciation of the GBP.
The United Kingdom's Office for National Statistics has published the country's monthly Consumer Price Index data. Annual inflation in the UK remains at 2.2%, which indicates that the Bank of England has to keep monetary policy tight. This fact caused an appreciation of the GBP. The target of the BoE for annual inflation is 2.0%. Inflation had been decreasing over
The government of the Netherlands has clarified that ASML has to acquire a licence to provide spare parts for equipment that has been sold to China.
The Italian UniCredit has revealed that it has purchased a 9% stake of Commerzbank from the German government. The news signal that the two banking groups could merge into one entity.
Bank of Japan policymaker Junko Nakagawa has recently commented that the central bank would continue to hike rates if inflation is as forecast.
The Chinese-Swedish electric vehicle maker Lynk & Co is not going to raise prices in Europe due to EU tariffs on EV's, as stated by the European CEO of the company Nicolas Appelgren.
The publication of the monthly US Retail Sales data has caused a market move. In general, Retail Sales have slightly increased not declined, which indicates that the US Fed can keep policy tighter for longer. The data release has caused a slight surge of the value of the US Dollar.
The publication of the monthly US Retail Sales data has caused a market move. In general, Retail Sales have slightly increased not declined, which indicates that the US Fed can keep policy tighter for longer. The data release has caused a slight surge of the value of the US Dollar. The Retail Sales and Core Retail Sales which exclude auto
At the start of the year, the stock price of Boeing plummeted as the firm had issues with safety compliance that resulted in stopped production, checks and eventually even the US Congress got involved. However, the situation calmed, and the stock started to recover from May up to early August. In early August, more bad news came, as issues
Thailand based electric vehicle makers have asked the government to renegotiate incentives, as the firms are experiencing a sales decline.
The top 500 US stock index is once again heading to the all-time high level that was booked in July. In late August, a passing of this level failed, as the index bounced off the 5,655.00 mark. A move above the all-time high might face resistance in the form of the 5,700.00 mark. This level is bound to impact the
In early August, the New Zealand Dollar found support against the Japanese Yen in the 2024 low level at 83.15. This event was followed by a recovery that eventually encountered resistance at 91.50/91.80. In September, the rate declined. The ongoing decline might reach the support of the 2024 low level at 83.15. If this level fails to hold, the
Data for August has revealed that the number of insolvencies in Germany has continued to increase, as the number has increased by 10.7%, compared to August 2023.
The US Census Bureau has finished compiling 2023 data. Main takeaways are that income has risen by 4.00%, but the increase of income has not caused a decline of poverty.
The firm known as Campbell Soup has changed its name to The Campbell's Company, as the firm shifts to other packaged foods.
Nike has reported that its stockholders have voted against the firm joining binding agreements to address human rights issues of workers in high-risk countries.
The price for gold almost reaches the 2,600.00 mark on Friday. However, the price has clearly encountered resistance at 2,590.00. Meanwhile, support is found at 2,575.10/2,577.50. In general, the commodity is consolidating before making the next move. Economic Calendar Analysis This week, the top event of them all is scheduled. On Wednesday, at 18:00 GMT, the US Federal Reserve is set to
The USD/JPY has declined more than expected, as the rate has broken the broad channel down pattern. However, on Monday, the pair appeared to have found support near the 139.50 level. The follow-up recovery has encountered resistance in the prior 2023 low level at 140.80 and the 50-hour simple moving average. Economic Calendar This week, the top event of them all is
The recovery of the Pound against the US Dollar has revealed a channel up pattern. The channel represents the market expectations of a US interest rate cut that is scheduled for Wednesday. Meanwhile, note that the surge has reached the 1.3200 mark, which appears to be acting as a magnet to the pair. Namely, the rate is consolidating its gains near
The bounce off from the 1.1000 mark has gained more momentum. The surge has revealed that it is occurring in a channel up pattern that has guided the pair through the resistance of the 1.1100 mark and the upper trend line of the broad channel down pattern. By late Monday, the rate was finding support in the weekly R1 simple pivot