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The Information has reported that the CEO of Tesla has been laying off senior executives in a new round of cost cutting.
The aircraft engine maker MTU Aero Engines has reported that it has increased profits due to new orders for Eurofighter engines.
It has been revealed by Reuters that the strike that has shut down three Stellantis factories is set to end and production would restart in early May.
On May 1, US monetary policy makers, who decide upon the supply of the US Dollar, announced the Federal Funds Rate. The rate is used as a base rate for all USD denominated debt. The Fed has kept the interest rate unchanged at 5.50%, as the financial markets expected. In addition, the central bank has published the Federal Open Markets
The airline Air France- KLM has reported higher than expected quarterly losses, as the firm has faced higher costs.
US monetary policy makers, who decide upon the supply of the US Dollar, have just announced the Federal Funds Rate. The rate is used as a base rate for all USD denominated debt. The Fed has kept the interest rate unchanged at 5.50%, as the financial markets expected.
The electric vehicle maker Stellantis has missed its quarterly revenue expectations by revealing a 12% drop in the earnings.
The International Monetary Fund is set to disburse $1.1 billion in an effort to help the Pakistani economy.
On April 30, Amazon reported its quarterly revenues. Despite making more income than expected, the firm's stock is plummeting. In general, the trend that was observed in other companies has also impacted Amazon. Current quarter has been good, but the future looks bleak. Total net income increased a stunning 229.00% year on year. Sales in AWS grew 17.25%. However, quarter
Last night, Amazon reported its quarterly revenues. Despite making more income than expected, the firm's stock is plummeting. In general, the trend that was observed in other companies has also impacted Amazon. Current quarter has been good, but the future looks bleak.
Data for April has revealed that Chinese services and factory activity has slowed down their growth. The economy has continued to grow, but at a slower pace than previously.
The US restaurant chain McDonalds has revealed that due to the Middle East boycotts it has missed its quarterly revenue forecasts.
Latest data from the Confidence Board has revealed that Consumer Confidence in the United States has decreased to 97.0. Moreover, the prior reading has been downwards revised to 103.1.
The US machinery production firm Caterpillar has revealed that it expects sales to decline in the next fiscal quarter due to weakening demand.
The banking group Barclays has reported a 12% decline in quarterly profits. However, the stock of the bank has surged, as markets expected a broader income decline.
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.In regards to the future, the Federal Reserve is about to impact the markets.Economic Calendar Analysis This week, the top
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