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The commodity trading company Trafigura has revealed that it expects the demand for EVs, power infrastructure, AI and automation to result in the demand increase of additional 10 million tons.
United Parcel Service has revealed that the firms has surpassed market expectations for the company's quarterly profits. The firms has managed to profit by firing 12,000 non-union employees and with it reducing costs.
The US tech giant Apple has announced that it would hold a tech event on May 7. It is usual that new products are announced at these events.
On April 23rd, the US Dollar dropped at 13:45 GMT. The drop was created by the publication of the United States Manufacturing and Services sector Purchasing Managers Indices. Released numbers showed a slowdown of US business activity. The price for gold surged on the news and broke the descending trend line that had pushed the metal down. However, the surge stopped
On April 23rd, the US Dollar dropped at 13:45 GMT. The drop was created by the publication of the United States Manufacturing and Services sector Purchasing Managers Indices. Released numbers showed a slowdown of US business activity. On the USD/JPY charts it resulted in a dip below the 154.70/154.80 range down to the support of the 100-hour simple moving average. These
On April 23rd, the US Dollar dropped at 13:45 GMT. The drop was created by the publication of the United States Manufacturing and Services sector Purchasing Managers Indices. Released numbers showed a slowdown of US business activity. On GBP/USD charts it resulted in a strengthening of the ongoing recovery. The rate reached the resistance of the 1.2460 level. This resistance held
On April 23rd, the US Dollar dropped at 13:45 GMT. The drop was created by the publication of the United States Manufacturing and Services sector Purchasing Managers Indices. Released numbers showed a slowdown of US business activity. The EUR/USD got the needed push up above the 1.0675/1.0690 range, the weekly R1 at 1.0695 and the 1.0700 mark. After fluctuating above these
Yesterday, after the US market close, Tesla revealed the company's quarterly financial results. In general, the firm announced worse than expected results, but announced future plans that could save the company. The stock price is set to jump nearly 12.00% or $17.00 at the start of Wednesday's trading.
S&P Global PMI indices have revealed to the world that business activity in the United State had decreased, as the reading decreased from 52.1 in March down to 50.9 in April.
On April 23, after the US market close, Tesla revealed the company's quarterly financial results. In general, the firm announced worse than expected results, but announced future plans that could save the company. The company has reported the biggest revenue decline since 2012. Moreover, the financial results are below the lowest of market expectations. The markets expected earnings
On April 23rd, the US Dollar dropped at 13:45 GMT. The drop was created by the publication of the United States Manufacturing and Services sector Purchasing Managers Indices. Released numbers showed a slowdown of US business activity. The price for gold surged on the news and broke the descending trend line that had pushed the metal down. However, the surge
On April 23rd, the US Dollar dropped at 13:45 GMT. The drop was created by the publication of the United States Manufacturing and Services sector Purchasing Managers Indices. Released numbers showed a slowdown of US business activity. On the USD/JPY charts it resulted in a dip below the 154.70/154.80 range down to the support of the 100-hour simple moving average.
On April 23rd, the US Dollar dropped at 13:45 GMT. The drop was created by the publication of the United States Manufacturing and Services sector Purchasing Managers Indices. Released numbers showed a slowdown of US business activity. On GBP/USD charts it resulted in a strengthening of the ongoing recovery. The rate reached the resistance of the 1.2460 level. This resistance
On April 23rd, the US Dollar dropped at 13:45 GMT. The drop was created by the publication of the United States Manufacturing and Services sector Purchasing Managers Indices. Released numbers showed a slowdown of US business activity. The EUR/USD got the needed push up above the 1.0675/1.0690 range, the weekly R1 at 1.0695 and the 1.0700 mark. After fluctuating above
On April 23rd, the US Dollar dropped at 13:45 GMT. The drop was created by the publication of the United States Manufacturing and Services sector Purchasing Managers Indices. Released numbers showed a slowdown of US business activity. Both PMIs were forecast to reveal an expansion with a reading of 52.0. Actual numbers were 50.9 for Services sector and a reading
The US jet engine maker GE Aerospace has increase its 2024 profit forecast due to a successful start of this year.
US vehicle maker General Motors has published higher than expected quarterly financial results. Moreover, the firm has increased its annual profit forecast, as the company observed stable prices and demand for gas-engine cars.
The soft drink producer PepsiCo has beaten analyst quarterly revenue forecasts. Profits have been driven by high international demand for Tropicana juices and Cheetos.
Due to ongoing tax cut programs, the fiscal revenues of the Chinese government have declined in the first quarter of 2024.
The US firm Bristol Myers Squibb has signed a $380 million contract with Cellares for the production of CAR-T cell therapies.
Due to high military demand the defence and aerospace firm RTX has experienced a 20.00% surge in its quarterly profits.
US fashion retailer Express has filed for bankruptcy in the United States and the firm would close down more than 100 stores.
As the US Dollar continues to strengthen, the price for gold has declined. The USD has been strengthening due to risk on sentiment increasing after tensions in the Middle East did not escalate. Meanwhile, the talk of rising inflation in the US has been continuing, as pressure increases on the US Federal Reserve to tighten policy. Economic Calendar Analysis At 13:45 GMT,
Despite piercing the support range at 153.85/153.95, the USD/JPY returned to trade above it and eventually surged. On Monday, the rate was once again testing the 154.70/154.80 range. Meanwhile, support appeared to be provided by the 50 and 100-hour simple moving averages near 154.50. On Tuesday, the rate passed above the 154.70/154.80 range. However, it was still confirming the range as