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The online retailer AliExpress has recruited the famous UK football captain David Beckham for a promotional campaign.
Reuters has reported that Starbucks has been forced to reduce prices in China due to stiff local competition that has been taking the giant's market share.
Bill Gross, the famous bond investor, has been interviewed by Financial Times. Gross has stated that a return of Donald Trump to the US Presidency would reduce the value of bonds.
The Conference Board has published the CB Consumer Confidence reading. The data surprised the markets with a positive reading of 102.00 instead of the expected bad reading of 96.00. US Dollar index reacted to the news by extending an ongoing recovery against peer currencies.
The Conference Board has published the CB Consumer Confidence reading. The data surprised the markets with a positive reading of 102.00 instead of the expected bad reading of 96.00. US Dollar index reacted to the news by extending an ongoing recovery against peer currencies.
Reuters has reported that Saudi Aramco intends to sell the firm's shares as soon as June.
In May, as shown by business surveys, German business morale remained unchanged, compared to April.
At the G7 meeting, the Japanese representatives have confirmed a push against the excessive decline of the value of the Japanese Yen.
A proxy advisor Glass Lewis has advised Tesla shareholders to reject Elon Musk's $56 billion pay package. If approved, the pay would be the largest in US history.
The Bank of Japan is set to be more cautious with its inflation targeting efforts, as the Governor Kazuo Ueda has stated that the bank faces challenges reversing years of ultra-easy policy.
The Premier of China Li Qiang has revealed that he has encouraged Samsung to invest more money in China.
After another round of funding that raised $6 billion, the Elon Musk's AI project xAI has reached a total valuation of $24 billion.
The decline from the 2,450.00 level was larger than any short sellers expected, as on Friday the price was below 2,330.00. However, this week, the metal started to recover, as the short selling did not continue further below 2,330.00. Economic Calendar Analysis This week, the markets will concentrate first on the US CB Consumer Confidence release on Tuesday at 14:00 GMT. A
The pair has moved a bit higher by advancing above 156.00/156.30. Since Friday, the pair has been fluctuating around the 157.00 level, waiting for new fundamentals or approaching technical levels to push it higher. Economic Calendar This week, the markets will concentrate first on the US CB Consumer Confidence release on Tuesday at 14:00 GMT. A surprise in the consumer sentiment reading
Despite passing below the 1.2700 mark, the GBP/USD did not decline further, as it found support in the 200-hour simple moving average at 1.2675. On Monday, the rate was reaching new high levels and aiming at the 1.2800 level. Economic Calendar This week, the markets will concentrate first on the US CB Consumer Confidence release on Tuesday at 14:00 GMT. A surprise
The top event on the EUR/USD chart in the prior week was the passing below the lower trend line of the channel up pattern. However, it did not result in a broad decline. The rate found support near 1.0810 and by Monday the pair was once again approaching the 1.0875/1.0885 range. Economic Calendar Analysis This week, the markets will concentrate first on
The decline from the 2,450.00 level was larger than any short sellers expected, as on Friday the price was below 2,330.00. However, this week, the metal started to recover, as the short selling did not continue further below 2,330.00. An extension of the ongoing recovery is set to face resistance in round price levels, as they have been impacting the
The pair has moved a bit higher by advancing above 156.00/156.30. Since Friday, the pair has been fluctuating around the 157.00 level, waiting for new fundamentals or approaching technical levels to push it higher. A resumption of the prior surge of the Dollar against the Yen is set to face the 157.50 level and the weekly R1 simple pivot point
Despite passing below the 1.2700 mark, the GBP/USD did not decline further, as it found support in the 200-hour simple moving average at 1.2675. On Monday, the rate was reaching new high levels and aiming at the 1.2800 level. Before reaching the 1.2800 mark, the rate has to reach above the weekly R1 simple pivot point at 1.2773. If the
The top event on the EUR/USD chart in the prior week was the passing below the lower trend line of the channel up pattern. However, it did not result in a broad decline. The rate found support near 1.0810 and by Monday the pair was once again approaching the 1.0875/1.0885 range. A move above the 1.0875/1.0885 range and the weekly
The Chinese government has set up a third fund that is aimed to subsidize the semiconductor industry. New fund has financing for a total of $47.5 billion.
At the start of the week, crude oil price benchmarks remained at prior prices, as market focus moved to the upcoming OPEC+ meeting that is scheduled for June 2.
During Monday's trading session, Asian stock indices surged. The surge was attributed to an announced chip stimulus package by the Chinese government and a meeting between heads of states in South Korea.
Recently published data has revealed that Tesla has been optimizing its production by reducing Model Y production amounts in Shanghai.