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The Republicans of the US House of Representatives have managed to move forward a bill that would increase the US debt ceiling up to $31.4 trillion. Next step for the law is to be passed by the US Senate.
The UK pharmacy company AstraZeneca has beat its quarterly result expectations. The good results were attributed to the cancer drug Imfinzi and sales across emerging market countries.
Unilever has smashed quarterly results by revealing that the company is capable to continue to hike prices. The company has increased sales by 10.5% via hiking prices by 10.7%. Meanwhile sales volumes had declined only 0.2%.
The US Treasury Secretary Janet Yellen has stated that a US default on sovereign debt would cause an economic catastrophe. The US service of debt has come into question, as interest rates have continued to surge and the US Congress fails to negotiate on a new debt ceiling.
Gold has continued to test the 2,000.00/2,010.00 range's resistance. Each time the metal makes an attempt, a US data release causes a strengthening of the US Dollar and subsequent drop of the price for Gold. At mid-day on Thursday, the US GDP caused a drop of the price down to 1,985.00. The United States Bureau of Economic Analysis has published the
Despite piercing the weekly S1 simple pivot point and declining to almost 133.00, the USD/JPY recovered on Wednesday. In general, the rate appears to be consolidating in a range between 133.00 and 134.00, as it expects more US financial data. Economic Calendar The US Core PCE Price Inflation at 12:30 GMT on Friday and the next week's Federal Reserve Rate hike are
At mid-day on Wednesday, the GBP/USD was making another attempt to reach above the 1.2500 mark, as the US Durable Goods Orders data was released. The data revealed that US consumers continue to buy long term use goods, which signals that inflation would remain high. In turn, high inflation might force the US Federal Reserve to hike interest rates more
The EUR/USD was heading to the 1.1100 mark at mid-day on Wednesday, as the US Durable Goods Orders data was released. The data revealed that US consumers continue to buy long term use goods, which signals that inflation would remain high. In turn, high inflation might force the US Federal Reserve to hike interest rates more than expected. Due to
Gold has continued to test the 2,000.00/2,010.00 range's resistance. Each time the metal makes an attempt, a US data release causes a strengthening of the US Dollar and subsequent drop of the price for Gold. At mid-day on Thursday, the US GDP caused a drop of the price down to 1,985.00. The United States Bureau of Economic Analysis has just
The United States Bureau of Economic Analysis has just published the country's quarterly Advance GDP data. The markets expected that the GDP would have increased by 2.0% during the quarter. The data came in below expectations, as GDP had increased by 1.1%.
The United States Bureau of Economic Analysis has just published the country's quarterly Advance GDP data. The markets expected that the GDP would have increased by 2.0% during the quarter. The data came in below expectations, as GDP had increased by 1.1%. The lower data confirms views of an upcoming recession. A potential recession would cause a run to
Despite piercing the weekly S1 simple pivot point and declining to almost 133.00, the USD/JPY recovered on Wednesday. In general, the rate appears to be consolidating in a range between 133.00 and 134.00, as it expects more US financial data. The US Advance GDP on Thursday at 12:30 GMT, the US Core PCE Price Inflation at 12:30 GMT on
The United States Conference Board consumer confidence survey results have revealed that the index has reached a nine month low level.
At mid-day on Wednesday, the GBP/USD was making another attempt to reach above the 1.2500 mark, as the US Durable Goods Orders data was released. The data revealed that US consumers continue to buy long term use goods, which signals that inflation would remain high. In turn, high inflation might force the US Federal Reserve to hike interest rates more
The EUR/USD was heading to the 1.1100 mark at mid-day on Wednesday, as the US Durable Goods Orders data was released. The data revealed that US consumers continue to buy long term use goods, which signals that inflation would remain high. In turn, high inflation might force the US Federal Reserve to hike interest rates more than expected. Due
The stock price of Facebook owner Meta has jumped $31.23 or 14.93% in US pre-market opening trading. The jump of the equity was caused by better than expected quarterly financial results. Meta reported earnings per share at $2.20 instead of expected $2.021 which is a beat of 8.86%. Meanwhile, total revenues were higher by 3.53% than the forecasts. In addition, note
The stock price of Facebook owner Meta has jumped $25.45 or 12.14% in US pre-market opening trading. The jump of the equity was caused by better than expected quarterly financial results.
The parent of Google has announced that the company would buy back stock for a total amount of $70 billion due to the company beating its first quarter earnings estimates.
Microsoft has announced that the company has launched a new data centre in Poland in the southern part of the country at Katowice.
The Swiss banking group UBS has revealed that due to setting aside emergency funds for covering investments in toxic mortgages the bank has reduced its first quarter profit by half.
Microsoft published its quarterly results after Tuesday's trading hours. The company has revealed stunning results, which caused the stock to trade up 8.37% at $298.72, before Wednesday's open. The stock price has reached levels not seen since April 2022.
Microsoft published its quarterly results after Tuesday's trading hours. The company has revealed stunning results, which caused the stock to trade up 8.37% at $298.72, before Wednesday's open. The stock price has reached levels not seen since April 2022. In general, the company has beat its quarterly revenue and profit expectations. Namely, earnings are 9.42% and revenues are 3.60% higher
Gold started a surge at the start of Tuesday's US trading hours, as US banks experienced another stock price crash. However, the surge was stopped by the 2,000.00/2,010.00 range's resistance. Meanwhile, it was spotted on Wednesday that the price was finding support in the 50 and 100-hour simple moving averages. In general, previous forecast scenarios remain relevant. Economic Calendar Analysis This week,
The decline of the US Dollar against the Japanese Yen has reached the combined support of the weekly S1 simple pivot point at 133.37 and the 133.40 level. Meanwhile, it has been observed that the 133.80 level acts as resistance. Economic Calendar This week, the US Advance GDP release at 12:30 on Thursday is bound to impact the value of the US