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The price for gold has encountered resistance in the 200-hour simple moving average, which has pushed the commodity price down. On, Tuesday, the rate was approaching the 2,300.00 level that is expected to act as support. Economic Calendar Analysis This week, the top fundamental event will take place. The United States Federal Reserve will announce its monetary policy on Wednesday at 18:00
The USD/JPY continued to move higher and higher, as the Dollar gained value and the Yen kept getting weaker. This in turn has caused another intervention of the Bank of Japan. The central bank pushed the Yen up, which caused a drop of the rate. However, it stopped at the support of the 154.70/154.80 range. The range held and caused a
UK pharmaceutical giant AstraZeneca stock has experienced a surge due to the firm reporting a quarterly revenue increase of 19.00%.
The GBP/USD currency pair initially failed to reach above the 1.2535/1.2540 range. However, on Monday, the range was passed. On Tuesday, the 50-hour simple moving average caught up with the pair and provided additional support. Economic Calendar This week, the top fundamental event will take place. The United States Federal Reserve will announce its monetary policy on Wednesday at 18:00 GMT. In
The EUR/USD has been highly volatile since the last review, but the pair has mostly traded between 1.0740 and the support range at 1.0675/1.0700. In the meantime, the rate is ignoring the hourly simple moving averages and the previously marked trend lines. Economic Calendar Analysis This week, the top fundamental event will take place. The United States Federal Reserve will announce its
The price for gold has encountered resistance in the 200-hour simple moving average, which has pushed the commodity price down. On, Tuesday, the rate was approaching the 2,300.00 level that is expected to act as support. A move below 2,300.00 could look for support in early April's support and resistance zones near 2,265.00 and 2,225.00. On the other hand, a recovery
The USD/JPY continued to move higher and higher, as the Dollar gained value and the Yen kept getting weaker. This in turn has caused another intervention of the Bank of Japan. The central bank pushed the Yen up, which caused a drop of the rate. However, it stopped at the support of the 154.70/154.80 range. The range held and
The GBP/USD currency pair initially failed to reach above the 1.2535/1.2540 range. However, on Monday, the range was passed. On Tuesday, the 50-hour simple moving average caught up with the pair and provided additional support. In general, the rate is expected to move higher and test the resistance of the weekly R1 simple pivot point at 1.2588 and the
The EUR/USD has been highly volatile since the last review, but the pair has mostly traded between 1.0740 and the support range at 1.0675/1.0700. In the meantime, the rate is ignoring the hourly simple moving averages and the previously marked trend lines. A potential surge above 1.0740 is set to face resistance in the weekly R1 at 1.0755, before the
The Chinese electric battery maker CATL has revealed a new LFP battery that promises to increase electric vehicle range to 1,000 km.
Danone and Nestle have reported that consumers around the world are either buying premium or cheap class products, as demand for middle segment has been dropping.
Screen producer LG Display has returned to losing money, as the firm has reported a financial loss of the first quarter of the year. The firm has been hit by weakening demand for TVs and smartphones.
The Gross Domestic Product for South Korea in the first quarter of 2024 has surpasses market expectations. The economy has grown by 1.3%, compared to the forecast 0.6% growth.
In the first quarter of 2024, Hyundai has suffered due to weak sales in South Korea. The firm's quarterly profits have declined by 2.4%.
A major deal is being done in the mining sector. The BHP Group has revealed that it would like to acquire Anglo American for a total of $38.8 billion. These news caused a surge of the AAL stock, as BHP intends to pay a 31% premium on current stock price.
President of the United States Joe Biden has decided to grant Micron Technology a grant for up to $6.14 billion that would allow the firm to build two new factories in the United States.
The US telecom firm has managed to pass Wall Street analyst expectations for new subscriber growth. More people have bought up the firm's high end unlimited plans.
Investors of Tesla, who sued against Musk's $56 billion pay has asked Delaware judges to keep the case in the state, as Musk has tried to move his legal home to Texas.
Chief Executive Officer of HSBC Michael Roberts has recently stated in an interview that wealthy clients from China and Hong Kong are investing in the US markets, despite recent decline.
For the first time in seven quarters, Boeing has experienced a decline in quarterly revenues, as the firm has had to delay its plane deliveries. The company experienced quality issues with production during the first part of 2024.
United States Supreme Court has indicated that it is supporting Starbucks in its objection to a judge's order to rehire seven employees that pushed for employee unionization.
The tobacco company Philip Morris International has revealed that in the first quarter of 2024 it has earned higher than expected revenue. High income was caused by demand for Zyn nicotine pouches and heated tobacco.
New family house construction in the United States has surpassed forecasts as new home sales have reached a six-month high level.
A regulatory filing has revealed that Fisker might file for bankruptcy during the next 30 days unless the firm gets a relief from creditors.