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Due to a grain oversupply, US wheat farmers are expected to not make a profit in 2024. Grain prices have been hovering near four year low levels.
On Friday, stock indices in Asia and Europe dropped, as the markets went into risk off mode due to the Israeli attack on Iran. However, follow up reports indicate that the attack was limited and no damage was sustained. The reports started a recovery of the equity markets.
The United States National Highway Traffic Safety Administration has announced that it is increasing resources that are spent on investigating reports that nearly 3 million Honda vehicles could suddenly trigger automatic breaking.
As Netflix is easing its password-sharing crackdown, markets are set to watch the firm's subscriber number change. The subscriber number is used as a measure of upcoming earnings.
The airline Ryanair has revealed that the firm expects Boeing to deliver 40 brand new airplanes by mid-July, despite production issues at the US plane maker factories.
Aerospace parts producer Loar Holdings intends to reach a market valuation of $2.28 billion, as the firm has announced that it would debut on the US stock market.
The Vietnamese electric vehicle maker VinFast has announced higher than expected 2024 first quarter earnings. Stock price of the firm has reacted to the news with a surge.
The price for gold found support on Monday and recovered. However, the 2,400.00 mark and prior high level range is acting as resistance. Meanwhile, it has been observed that the ascending 200-hour simple moving average has acted as support and caused the most recent push up to 2,400.00. Economic Calendar Analysis This week, notable events are over. Next week, economic data could
The USD/JPY rate continued its surge until it encountered resistance in the 154.70/154.80 range. Moreover, on Tuesday, support was revealed at 153.85/153.95. Since Tuesday, the pair has been fluctuating between these levels. Meanwhile, it appears that support and resistance is found from time to time in the 50 and 100-hour simple moving averages. On Thursday, the rate was being squeezed
The GBP/USD has revealed that it has been finding support in the 1.2410/1.2425 range. This range has kept the pair up throughout the week. Meanwhile, the 50 and 100-hour simple moving averages near 1.2450 and 1.2470. On Thursday, the moving averages failed to keep the pair down and a surge was expected to occur. Economic Calendar This week, notable events are over.
President of the United States, Joe Biden has called upon increasing tariffs on Chinese metal products. Potential tariffs are bound to improve the stock prices of US steelworks.
The EUR/USD continued to find support in the 1.0600 mark for most part of the week. The support was strong enough to eventually start a surge that broke the resistance of the 50 and 100-hour simple moving averages. Economic Calendar Analysis This week, notable events are over. Next week, economic data could start impacting the markets on Tuesday. On Tuesday, the Markit
The price for gold found support on Monday and recovered. However, the 2,400.00 mark and prior high level range is acting as resistance. Meanwhile, it has been observed that the ascending 200-hour simple moving average has acted as support and caused the most recent push up to 2,400.00. A move above 2,400.00 is expected to result in a surge to
The USD/JPY rate continued its surge until it encountered resistance in the 154.70/154.80 range. Moreover, on Tuesday, support was revealed at 153.85/153.95. Since Tuesday, the pair has been fluctuating between these levels. Meanwhile, it appears that support and resistance is found from time to time in the 50 and 100-hour simple moving averages. On Thursday, the rate was being
The GBP/USD has revealed that it has been finding support in the 1.2410/1.2425 range. This range has kept the pair up throughout the week. Meanwhile, the 50 and 100-hour simple moving averages near 1.2450 and 1.2470. On Thursday, the moving averages failed to keep the pair down and a surge was expected to occur. A surge of the Pound against
During 2024, crude oil prices have surged 16.00%. The surge in the energy commodity price has recently been argued as a reason for the returning inflation in the United States. Moreover, due to the surge not relenting, more inflation is expected by market analysts.
The EUR/USD continued to find support in the 1.0600 mark for most part of the week. The support was strong enough to eventually start a surge that broke the resistance of the 50 and 100-hour simple moving averages. An extension of the ongoing surge is set to face the combination of the 1.0700 mark, the weekly simple pivot point
Markets were expecting United Airlines to suffer major financial losses in the first quarter of 2024. However, the company has lost only a total of $200 million. The news have caused a surge of the company's stock price.
The Chairman of the Federal Reserve Jerome Powell commented this week that progress in battling inflation has not continued and there could be no rate cuts during 2024. These news boosted a decline of stock indices.
On April 20, the next halving of Bitcoin is set to occur. The markets look forward to the event as the prior halvings in 2012, 2016 and 2020 were followed by massive rallies.
Chinese government has reported that the quarterly gross domestic product of the country has increased by 5.3%, compared to the first quarter of 2023.
This week, Goldman Sachs reported higher than expected quarterly earnings, as investment banking profits have resulted in the bank making most since 2021.
Due to a boost from new trends in sneakers, Adidas stock price has experienced major profits. The firm has revealed that it has beaten its quarterly financial expectations. These news have caused a 8.00% surge of the company's share price.
The US government has granted Lockheed Martin a $17 billion contract to create next generation interceptor aircraft that could defend the country against intercontinental ballistic missiles.