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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.
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
The GBP/USD found support in the 1.2300 mark on Monday, and recovered to the resistance of the 50-hour simple moving average on Tuesday. Meanwhile, it has been observed that traders remain long, despite the pair continuing to book new low levels.Economic Calendar At 13:45 GMT, all of financial markets could move due to the publication of the United States Manufacturing and Services
The European Union country Purchasing Managers Indices were released from 07:15 GMT up to 08:00 GMT. In general, the event caused a surge of the Euro. However, the move was stopped by the 1.0675/1.0690 range and the weekly R1 simple pivot point at 1.0695. In general, the markets expected that the Manufacturing and Services sectors are doing badly. Although, it was
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. On Tuesday, the metal's
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
The GBP/USD found support in the 1.2300 mark on Monday, and recovered to the resistance of the 50-hour simple moving average on Tuesday. A move below 1.2300 could result in the rate looking for support in the weekly S2 simple pivot point at 1.2280, the 1.2250 level and afterwards the combination of the 1.2200 mark and the weekly S3 simple
The European Union country Purchasing Managers Indices were released from 07:15 GMT up to 08:00 GMT. In general, the event caused a surge of the Euro. However, the move was stopped by the 1.0675/1.0690 range and the weekly R1 simple pivot point at 1.0695. In general, the markets expected that the Manufacturing and Services sectors are doing badly. Although,
The EV maker Tesla has reduced the price for the Full Self-Driving software by a third. The software now costs $8,000.00.
The European Union country Purchasing Managers Indices were released from 07:15 GMT up to 08:00 GMT. The event caused a surge of the Euro, as the service sector revealed shown growth instead of a decline.
The European Union country Purchasing Managers Indices were released from 07:15 GMT up to 08:00 GMT. In general, the event caused a surge of the Euro. However, the move was stopped by the 1.0675/1.0690 range and the weekly R1 simple pivot point at 1.0695. In general, the markets expected that the Manufacturing and Services sectors are doing badly. Although,
The real estate firm Rightmove has revealed that home prices in the United Kingdom have reached a new record high level.
The US electric vehicle maker Tesla has announced that it would reduce car prices in China, Germany and other countries. These news were identified as the cause of an extension of the ongoing stock price decline.
Reuters has reported that Micron is set to receive $6.1 billion in grants from the US government.
The Alaska Air Group has revealed that it expects bigger than forecast earnings in the current quarter due to an unforeseen increase in demand for travel.
President of the New York Federal Reserve John Williams has commented that the US monetary regulators see no need to cut interest rates, as the US economy remains strong.
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. An extension of the
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. If the rate breaks above the 154.70/154.80 range, the 155.00 mark is expected to act as
The GBP/USD has passed below the support zone at 1.2410/1.2425 and the 1.2400 mark. The Pound has continued to loose value against the USD. On Monday, the rate was heading already to the 1.2300 level. A move below 1.2300 could result in the rate looking for support in the weekly S2 simple pivot point at 1.2280, the 1.2250 level and
The EUR/USD has confirmed the 1.0675/1.0690 as a resistance range. Moreover, the range was approached by the 200-hour simple moving average which provided additional pressure. On Monday, the pair was heading once again to the support of the 1.0600 mark, the weekly S1 simple pivot point at 1.0606 and the 1.0602/1.0613 zone. A move below this zone will look