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The Swiss National Bank has reduced its Policy Rate from 1.25% down to 1.00%. The rate cut was expected. Due to this reason, the Swiss Franc did not lose value. An hour after the rate reveal, the rate returned to trade near 0.8500.
The owner of Google, Alphabet, has won a legal case against the European Union antitrust regulators and is not going to pay a 1.49 billion EUR fine.
The Swiss National Bank has reduced its Policy Rate from 1.25% down to 1.00%. The rate cut was expected. Due to this reason, the Swiss Franc did not lose value. Moreover, algorithmic traders sold off the rate after the announcement. However, an hour after the rate reveal, the rate returned to trade near 0.8500.
Citigroup has conducted a survey of wealthy clients. The survey has revealed that wealthy families have increased investment in risk assets and have reduced cash holdings.
Reuters has published a report that indicates that 2024 US holiday hiring at retailers is set to be lower than the one in 2023. Retailers hired 564,200 seasonal workers in 2023. Expectations for 2024 fluctuate around the 520,000 mark.
Starting from November, Walmart is set to increase the hourly pay for 100,000 employees. Entry level workers will make $16 per hour instead of the prior $15.
Research published by the Atlantic Council has revealed to the world that 98% or 134 country central banks are looking into the use of digital currencies.
As the US Dollar continues to weaken, the price for of gold continue to grow. By mid-Wednesday, the price had touched the 2,670.00 level and retraced to find support at 2,650.00/2,655.00. Economic Calendar Analysis On Thursday, the markets might react to the publication of the US Final GDP data release. However, the Final release is the one with the less impact
During the first half of this week, the rate found support in the 143.00 level, before returning to test the resistance of the 144.50 level. Economic Calendar On Thursday, the markets might react to the publication of the US Final GDP data release. However, the Final release is the one with the less impact of the three US GDP releases. On Friday, at
The surge of the Pound against the US Dollar has reached the 1.3430 level where it met the upper trend line of the channel up pattern. Since then, the rate has found support in the 50-hour simple moving average, and the surge could continue. Economic Calendar On Thursday, the markets might react to the publication of the US Final GDP data release.
The Insurance Institute for Highway Safety has tested Volvo Pilot Assist and Tesla Autopilot software programs. The research has concluded that drivers engage in various activities and are distracted when using partial automation. Moreover, drivers do not comply with rules set by the carmakers.
The recovery of the EUR/USD rate has managed to break the resistance of the 1.1200 mark. However, the weekly R1 simple pivot point has provided enough resistance for a retracement back down to occur. Economic Calendar Analysis On Thursday, the markets might react to the publication of the US Final GDP data release. However, the Final release is the one with the
As the US Dollar continues to weaken, the price for of gold continue to grow. By mid-Wednesday, the price had touched the 2,670.00 level and retraced to find support at 2,650.00/2,655.00. Eventually, the surge should break through all round levels and face the 2,700.00 mark. The major round price level is set to hold for at least a week. Meanwhile, a
During the first half of this week, the rate found support in the 143.00 level, before returning to test the resistance of the 144.50 level. A passing above 144.50 is expected to immediately be stopped by the 145.00 mark. Higher above, note the weekly R1 simple pivot point at 145.68. In the case of a decline, the rate might find
The surge of the Pound against the US Dollar has reached the 1.3430 level where it met the upper trend line of the channel up pattern. Since then, the rate has found support in the 50-hour simple moving average, and the surge could continue. A continuation of the prior surge is set to face the combination of the pattern's upper trend
Johnson and Johnson (JNJ) Q1 and Q2 performance has been above market expected returns when it comes to Earnings performance. Although GAAP earnings and GAAP EPS for Q2 have been lower comparing to previous year (-12.8% and -5.9%), Q2 2024 Sales worldwide have increased by 4.3%. Organic Growth and Free cash flow are key priorities of JNJ Capital Allocation strategy,
The recovery of the EUR/USD rate has managed to break the resistance of the 1.1200 mark. However, the weekly R1 simple pivot point has provided enough resistance for a retracement back down to occur. A broader decline of the Euro against the US Dollar is set to result in the rate looking for support in the 1.1180 and 1.1160 level,
Reuters have revealed that Vista Equity Partners and Blackstone intend to acquire Smartsheet in a purchase that would value the software firm at $8 billion.
The Financial Times have reported that the governments of Japan and United States have negotiated a deal to reduce tech exports to China. In general, the countries want to reduce semiconductor exports.
The smart glasses producer EssilorLuxottica has extended the firm's partnership with Meta Platforms. The two companies have entered a long-term contract that is aimed at the creation of new smart eyewear.
The rocket motor producer Ursa Major has received a $12.5 million contract from the Pentagon. The contract is set to allow the firm to build new production and testing facilities.
Data for August has revealed that Indonesian trade surplus reached a three-month-high level in August. The data passed market expectations.
Johnson & Johnson has managed to convince an Oregon judge to overturn the verdict that mandated the firm to pay out $260 million to 62,000 consumer claims that the firm's products were contaminated with asbestos.
As it was forecast in August, the USD/CHF currency pair has reached the support of the 0.8330/0.8435 range. Meanwhile, the rate remains in the channel down pattern. The big question now is which one of the two fails, the support zone or the descending channel. A move below 0.8330/0.8435 would result in the rate reaching levels not seen since the