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The United States National Highway Traffic Safety Administration has reported that is investigating reports of brake assist loss on more than 3,300 Cadillac Lyriq cars.
The publication Electrek has reported that Tesla is set to fire more than 10.00% of the company's workforce in an optimization reform. This would amount to a firing of more than 14,000 people.
The United States Internal Revenue Service has announced that it has surpassed its goals in assisting taxpayers and reducing phone waiting times. Previously, the agency has been scrutinized for being outdated in its processing of US tax collection.
Reuters has reported that Tesla has been scouting India for locations for its showroom locations, as the company intends to expand in India's market.
The People's Bank of China has kept its policy rate unchanged. However, despite unchanged rate the central bank appears to have tightened monetary supply by using bond instruments.
In the first quarter of 2024, the Chinese GDP growth is expected to have declined due to an ongoing real estate market downturn.
The recent and still ongoing surge of the US Dollar has been attributed to the markets changing their expectations for US monetary policy. As new data continues to confirm a return of inflation, US monetary policy is expected to return to tightening instead of easing.
Reuters has reported that Chinese and Russian firms have been marking new copper and other metals as scrap metal to avoid taxation and sanctions set on such exports.
The surge of the metal's price has surged above the 2,400.00 mark. However, resistance was found in the 2,430.00 mark and a sharp decline occurred. However, it appears that after a 100 dollar drop the price found support at 2,330.00. The follow up surge has encountered resistance in the range that surrounds the 2,350.00 level and the 50 and 100-hour
On Monday, the USD/JPY was already surging, when US Retail Sales were released. The data boosted the USD even more. At mid-day the rate was above 154.00 and was heading to the combination of the 154.50 level and the weekly R2 at 154.56.Meanwhile, traders have become even more bullish, as 69% of open positions were long. Economic Calendar On Thursday, a minor
The decline of the Pound against the US Dollar has found support in the 1.2425/1.2435 range. However, by mid-Monday, the rate had reached the resistance of the 50-hour simple moving average and the 1.2500 mark. It was observed that the broader decline was resuming. Economic Calendar On Wednesday, the UK Consumer Price Index is expected to impact the value of the Pound.
The EUR/USD has declined, as expected. The rate has found support, as it approached the trend line that acted as support throughout March. On Monday, the rate recovered and traded with low volatility near the 1.0650 level. It appeared that the pair was waiting for additional news, before picking a direction. Economic Calendar Analysis On Thursday, a minor move could occur due
The surge of the metal's price has surged above the 2,400.00 mark. However, resistance was found in the 2,430.00 mark and a sharp decline occurred. However, it appears that after a 100 dollar drop the price found support at 2,330.00. The follow up surge has encountered resistance in the range that surrounds the 2,350.00 level and the 50 and
On Monday, the USD/JPY was already surging, when US Retail Sales were released. The data boosted the USD even more. At mid-day the rate was above 154.00 and was heading to the combination of the 154.50 level and the weekly R2 at 154.56. A move above the weekly R2 and the 154.50 level, is expected to face resistance in the
At the start of the week, the financial markets were watching the Middle East, as a response from Israel to the weekend attack was expected to impact commodity prices.
The US Census Bureau has published the United States monthly retail sales data. In general, the data shows high demand at the retail level. The publication strengthened the US Dollar's value.
The US Census Bureau has published the United States monthly retail sales data. In general, the data shows high demand at the retail level. The publication strengthened the US Dollar's value. Higher retail sales indicate that consumers continue to buy despite rising prices. The data signals that retailers can and will continue to increase prices and inflation will continue to
The decline of the Pound against the US Dollar has found support in the 1.2425/1.2435 range. However, by mid-Monday, the rate had reached the resistance of the 50-hour simple moving average and the 1.2500 mark. It was observed that the broader decline was resuming. A decline of the GBP/USD pair is set to look for support in the 1.2450 level
The EUR/USD has declined, as expected. The rate has found support, as it approached the trend line that acted as support throughout March. On Monday, the rate recovered and traded with low volatility near the 1.0650 level. It appeared that the pair was waiting for additional news, before picking a direction. In the near term future, the rate could be
During Monday's Asian trading hours, stock indices of Asian stock markets declined, as the market expected to all profit be reduced by higher costs that would be created by increased oil prices as a result of an escalation of the conflict in Middle East.
On Monday, market analysts expected crude oil prices to surge at the start of US market trading, as middle east geopolitics are set to squeeze supply.
The Governor of the Bank of Japan Kazuo Ueda has stated that he BoJ has ruled out responding to a weak Japanese Yen by hiking interest rates.
A poll done by Reuters has revealed that it is likely that In April exports from China have increased, after a drop in March.
During the first quarter of 2024, BMW has increased its total car sales by 1.1%. Meanwhile, its competitor Mercedes Benz has experienced a 6.00% decline that was attributed to supply chain issues.