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The GBP/USD has revealed a support and a resistance zones. Support is found at 1.2390/1.2395. Resistance is provided by the 1.2470/1.2480 range. On Monday, the pair bounced off the resistance and resumed its decline. Economic Calendar On Wednesday, at 18:00 GMT, the FOMC Meeting Minutes publication could provide more insight into the Federal Reserve's policy. On Thursday, The US Preliminary GDP and
The EUR/USD has reached a new low level by trading near 1.0760 during the end of the last week. However, a recovery of the Euro followed. On Monday the currency pair bounced off a resistance zone at 1.0825/1.0830. The zone was strengthened by the weekly simple pivot point at 1.0822 and the 100-hour simple moving average. Meanwhile, support appeared to
The price of gold declined to the 1,955.00 level during the prior week. However, on Friday, a recovery started and the price reached back up to 1,980.00 levels. An extension of the recovery of the commodity price might encounter resistance in the 2,000.00/2,010.00 range and the 200-hour simple moving average. Above the resistance zone take into account round levels that have
The sharp surge of the US Dollar against the Japanese Yen ended on Friday at mid-day. On that day the Chairman of the US Federal Reserve Jerome Powell spoke at an event with the ex-Chairman Bernanke. The comments made by the two caused a run to safety. From a technical perspective, the pair broke the channel up pattern and declined
The GBP/USD has revealed a support and a resistance zones. Support is found at 1.2390/1.2395. Resistance is provided by the 1.2470/1.2480 range. On Monday, the pair bounced off the resistance and resumed its decline. The ongoing decline might look for support in the 1.2390/1.2395 level. Further below, note the weekly S1 simple pivot point at 1.2373 and the combination of the
The EUR/USD has reached a new low level by trading near 1.0760 during the end of the last week. However, a recovery of the Euro followed. On Monday the currency pair bounced off a resistance zone at 1.0825/1.0830. The zone was strengthened by the weekly simple pivot point at 1.0822 and the 100-hour simple moving average. Meanwhile, support appeared
Home prices in China have continued to grow in April, as an increase of +0.4% has been reported. However, the pace of growth has slowed down compared to 0.5% in March.
UBS Group AG has revealed in a regulatory filing that it was rushed into buying its rival Credit Suisse Group in an unwanted deal.
The ex-CEO of Frist Republic Bank Michael Roffler has stated that the collapse of the bank occurred due to contagion from other banks not strategy, liquidity or bank's management.
UBS Group AG has revealed that it expects to take a loss of $17 billion due to the takeover of Credit Suisse.
The Chief Executive Officer of Tesla Elon Musk has warned investors that the company would not be immune to the upcoming tough economy.
The US Treasury Secretary Janet Yellen has stated that a US default might trigger a recession and break the financial markets.
The European Union member states have given the final approval to the first set of crypto regulation rules in the world.
The US President Joe Biden and head of Congress Republicans Kevin McCarthy have revealed to have closed in on a deal to avoid the possible US sovereign default on June 1.
China's April economic data has revealed that the country's economic recovery has been slowing down. The recent data indicates that policymakers might implement more economic stimulus.
The price for gold dropped below the 2,000.00 mark in the aftermath of the US Retail Sales release on Tuesday. The fundamental event strengthened the US Dollar. Moreover, information came into news flows that the US politicians had made progress in US government debt talks. Economic Calendar Analysis On Wednesday, at 18:00 GMT, the FOMC Meeting Minutes publication could provide more insight
The surge of the USD/JPY continues. Mid-Wednesday the currency pair passed above the combined resistance of the weekly R2 and the 137.00 mark. It was expected that the rate could soon reach for the May high level zone at 137.50/137.75. Economic Calendar On Wednesday, at 18:00 GMT, the FOMC Meeting Minutes publication could provide more insight into the Federal Reserve's policy. On
The GBP/USD has passed below the 1.2445 level and booked a new May low level at 1.2420. Economic Calendar On Wednesday, at 18:00 GMT, the FOMC Meeting Minutes publication could provide more insight into the Federal Reserve's policy. On Thursday, The US Preliminary GDP and Unemployment Claims releases at 12:30 GMT are highly likely going to impact the USD. On Friday, at
The 1.0900 mark held and caused a decline, which on Wednesday morning passed below the support of the 1.0845 level. Economic Calendar Analysis On Wednesday, at 18:00 GMT, the FOMC Meeting Minutes publication could provide more insight into the Federal Reserve's policy. On Thursday, The US Preliminary GDP and Unemployment Claims releases at 12:30 GMT are highly likely going to impact the
The price for gold dropped below the 2,000.00 mark in the aftermath of the US Retail Sales release on Tuesday. The fundamental event strengthened the US Dollar. Moreover, information came into news flows that the US politicians had made progress in US government debt talks. By the middle of Wednesday's trading hours, the commodity had reached below the 1,990.00 level.
The surge of the USD/JPY continues. Mid-Wednesday the currency pair passed above the combined resistance of the weekly R2 and the 137.00 mark. It was expected that the rate could soon reach for the May high level zone at 137.50/137.75. A move above 137.75 could be slowed down by the 138.00 mark or the weekly R2 simple pivot point at 138.35.
The GBP/USD has passed below the 1.2445 level and booked a new May low level at 1.2420. In the case of the Pound continuing to lose value against the US Dollar, the rate could look for support in the 1.2400 mark and the weekly S1 simple pivot point at 1.2365. Below these levels, note the 1.2350 and 1.2300 levels. However, a recovery
Berkshire Hathaway has disclosed that it has started to invest in Capital One Financial Corporation and Diageo Plc. Meanwhile, the fund has reduced stakes in Bank of New York Mellon Corp, US Bancorp, TSMC and RH.
The 1.0900 mark held and caused a decline, which on Wednesday morning passed below the support of the 1.0845 level. A continuation of the ongoing decline of the Euro against the US Dollar might look for support in the 1.0800 mark and the weekly S1 simple pivot point at 1.0779. Further below, note the weekly S2 simple pivot point