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The rocket motor producer Ursa Major has received a $12.5 million contract from the Pentagon. The contract is set to allow the firm to build new production and testing facilities.
Data for August has revealed that Indonesian trade surplus reached a three-month-high level in August. The data passed market expectations.
Johnson & Johnson has managed to convince an Oregon judge to overturn the verdict that mandated the firm to pay out $260 million to 62,000 consumer claims that the firm's products were contaminated with asbestos.
As it was forecast in August, the USD/CHF currency pair has reached the support of the 0.8330/0.8435 range. Meanwhile, the rate remains in the channel down pattern. The big question now is which one of the two fails, the support zone or the descending channel. A move below 0.8330/0.8435 would result in the rate reaching levels not seen since the
At the start of September, the GBP/JPY currency pair encountered resistance in the 200-day simple moving average and declined below the support of the 190.00 mark. By the middle of the month, the rate found support at 183.70/184.40 and started a recovery. This week, the pair was back above the support of the 190.00 and was expected to soon
The stock price of Visa has plummeted 4.25% at the start of September 24 US trading. The drop was caused by the announcement that the US Department of Justice that it is set to sue the company for allegedly monopolizing the US debit-card market. The upcoming lawsuit is set to extend the stock decline, if it drags on or the
The publication of the US Consumer Board Consumer Confidence index has caused a minor market reaction, despite the survey results showing a bleak picture. The survey results were forecast to show a positive future outlook with a reading of 103.9. However, actual survey results showed a reading of 98.7. The US Dollar index reacted to the news by declining just 28
The retail giant Amazon has mandated its office workers to work five days in a week at the office, starting from 2025. Namely, the firm is getting rid of remote work.
The US United Auto Workers union has filed charges against the United States car brand owner Stellantis. UAW claims that the firm has been ignoring the agreement between the union and the firm that was made in autumn of 2023.
Despite issues at the Swedish producer of truck batteries Northvolt, Scania has revealed that it will stick to the supplier and postpone the previously planned increased production of battery-electric trucks.
The US Presidential Administration has granted Intel Corporation $3 billion for the development of a Secure Enclave for microelectronics. In general, the term covers a wide array of weapon system components.
The research firm IDC has revealed that it expects the demand for virtual and artificial reality headsets to grow from 6.7 million per year to 22.9 million in 2028.
The CEO of Ryanair Michael O'Leary has stated that the ongoing Boeing strike might decrease the number of new received aeroplanes in the next summer from 25 down to 20.
The price for gold has managed to break the 2,600.00 level's resistance. By late Monday's trading, the commodity price had reached the 2,635.00 level. In the meantime, it was spotted that the 2,620.00 level was providing support. Economic Calendar Analysis On Tuesday, the CB Consumer Confidence index might impact the markets via an adjustment of the US Dollar's value at 14:00 GMT.
The support of the 141.70/142.00 range was enough to eventually cause a surge that broke the 143.45/143.80 zone and reached the 144.50 level. The 144.50 has held and caused another decline of the pair, as the USD/JPY looks for support. Economic Calendar On Tuesday, the CB Consumer Confidence index might impact the markets via an adjustment of the US Dollar's value at
Despite the decline that was caused by the UK PMI release, the rate has found support in the 1.3250 level and the 100-hour simple moving average. The event was followed by a recovery of the rate and eventually the booking of a new high level near 1.3350. In the meantime, a channel up pattern has been spotted that has been
In August, new home prices in China have declined at the fastest pace in nine years. The data indicates that stimulus measures failed to create a recovery of the real estate sector.
Despite the publication of the European PMIs and sharp decline, the EUR/USD currency pair remains near the 1.1150 mark. In general, the rate still respects the resistance of 1.1200 and the support range near 1.1080. Economic Calendar Analysis On Tuesday, the CB Consumer Confidence index might impact the markets via an adjustment of the US Dollar's value at 14:00 GMT. On Thursday,
The price for gold has managed to break the 2,600.00 level's resistance. By late Monday's trading, the commodity price had reached the 2,635.00 level. In the meantime, it was spotted that the 2,620.00 level was providing support. The ongoing surge is set to face more resistance from the 2,650.00 level, as round levels have always impacted the metal during its
The support of the 141.70/142.00 range was enough to eventually cause a surge that broke the 143.45/143.80 zone and reached the 144.50 level. The 144.50 has held and caused another decline of the pair, as the USD/JPY looks for support. An extension of the short term decline could look for support in the 100-hour simple moving average and the 143.00
Despite the decline that was caused by the UK PMI release, the rate has found support in the 1.3250 level and the 100-hour simple moving average. The event was followed by a recovery of the rate and eventually the booking of a new high level near 1.3350. In the meantime, a channel up pattern has been spotted that has been
Despite the publication of the European PMIs and sharp decline, the EUR/USD currency pair remains near the 1.1150 mark. In general, the rate still respects the resistance of 1.1200 and the support range near 1.1080. A recovery of the Euro against the US Dollar might be slowed down by the weekly simple pivot point at 1.1140 and the 100-hour simple
During the morning hours of Monday, S&P Global published one by one the results of the Manufacturing and Services sector Purchasing Managers Indices for European Union countries. In general, the survey results are worse than the markets expected. The gradual data releases caused a 76 point or -0.68% decline of the Euro against the US Dollar. French Flash Manufacturing PMI
The Danish logistics giant DVS has revealed that it would buy the Deutsche Bahn's logistic subsidiary Schenker for a total of 14.3 billion Euro. The deal is set to make DVS the world's largest logistics firm.