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The third quarter Gross Domestic Product numbers have revealed an increase of 6.2%, compared to the previous quarter. Year on Year, the GDP has increased 4.9%.
The Taiwanese company Foxconn and US chip maker NVidia have announced a new partnership that is set to concentrate on new Ai factories.
Bloomberg News have reported that Singapore authorities have started an investigation of possible money laundering at Credit Suisse.
Despite limiting exports to China, the US government has included in recently released rules a clause that allows the semiconductor companies to suggest ways of exporting small and medium size system chips.
As tensions in the Middle East continue, Iran has called for a oil embargo on export to Israel. The news have caused US light crude and UK Brent oil prices to reach levels not seen since September.
The Chinese tech company Baidu has revealed a new version of its AI model. Ernie 4.0 is set to compete with the OpenAI's GPT-4 model.
The surge continues, as the metal's price has reached the 1,950.00 mark at mid-Wednesday. Meanwhile, analysts have spotted that the surge could have occurred in a yet unconfirmed channel up pattern. Economic Calendar Analysis On Thursday, the US weekly Unemployment claims could create a minor reaction in the US Dollar. However, by large this event is being ignored by the markets, unless
The pair continues to act strange, as the markets expect Bank of Japan manipulation. On Tuesday, the pair suddenly dipped below 148.80, before returning to previous levels. It appears as if someone wanted to trigger the stops of the buyers below the 149.30/149.50 range. Meanwhile, the 149.80 level continues to act as resistance. Economic Calendar On Thursday, the US weekly Unemployment claims
By mid-Wednesday, the pair continued to bounce between the support range at 1.2040/1.2050 and resistance at 1.2218/1.2225. Economic Calendar This week, there are couple of events that might cause minor reactions in the Forex market. On Thursday, the US weekly Unemployment claims could create a minor reaction in the US Dollar. However, by large this event is being ignored by the markets,
The EUR/USD has passed above the resistance range at 1.0555/1.0565 However, the pair has not managed to reach above the 1.0600 mark and the weekly R1 simple pivot point. Economic Calendar Analysis On Thursday, the US weekly Unemployment claims could create a minor reaction in the US Dollar at 12:30 GMT. However, by large this event is being ignored by the markets,
The surge continues, as the metal's price has reached the 1,950.00 mark at mid-Wednesday. Meanwhile, analysts have spotted that the surge could have occurred in a yet unconfirmed channel up pattern. Higher above, note the 1,970.00 and 1,980.00 levels that have acted as resistance in July. Above these levels, the 2,000.00 mark is expected to slow down the surge. However, in
The pair continues to act strange, as the markets expect Bank of Japan manipulation. On Tuesday, the pair suddenly dipped below 148.80, before returning to previous levels. It appears as if someone wanted to trigger the stops of the buyers below the 149.30/149.50 range. Meanwhile, the 149.80 level continues to act as resistance. A move above the 149.80 level is
By mid-Wednesday, the pair continued to bounce between the support range at 1.2040/1.2050 and resistance at 1.2218/1.2225. A decline might look for support in the 1.2120 level and the zone above it. Further below, Note the two October low level zones at 1.2105/1.2110 and 1.2040/1.2050. In addition, the weekly S1 could provide support at 1.2060. On the other hand, a potential
The EUR/USD has passed above the resistance range at 1.0555/1.0565 However, the pair has not managed to reach above the 1.0600 mark and the weekly R1 simple pivot point. An extension of the ongoing surge would have to break the 1.0600 mark and the weekly R1 simple pivot point, before approaching the October high level range at 1.0635/1.0640. On the other
US auto regulators have revealed that Tesla has to recall 55,000 of its Model X electric vehicles due to a failure of the vehicle controller. The controller does not display a warning in the case of low brake fluid.
This week, Johnson & Johnson has announced that the company expects larger than previously forecast profits for 2023.
The Swedish tech giant Ericsson has commented that it expects uncertainty to dominate the telecoms industry into the year of 2024. Moreover, the company is not going to provide financial guidance for the year.
In the aftermath of a crackdown on password sharing, Netflix is expected to increase prices, as the company announced its earnings on Wednesday.
Rolls-Royce Holdings have announced that the company would fire as much as 2,500 employees to cut costs.
The publication of the United States monthly Retail Sales data has caused a surge of the US Dollar. In less than five minutes after the publication, the US Dollar index gained 28 points or 0.26%. US monthly core retails sales change was expected to be an increase of 0.2%. Instead the actual number is a 0.6% growth. Meanwhile, the Retail Sales
The publication of the United States monthly Retail Sales data has caused a surge of the US Dollar. In less than a minute after the publication, the US Dollar index gained 20 points or 0.18%.
The Taiwan Semiconductor Manufacturing Company has revealed that it expects a third quarter profit decline of 30%.
Gold has reacted to a run to safety. Before the weekend, markets went into safe haven assets, as an escalation of the war in Middle East was expected. The commodity price reacted to the events with a surge to the resistance of the 1,932.50 level. Afterwards, a retracement to the support of the 1,910.00 level occurred. On Tuesday, the metal
The USD/JPY currency exchange rate has reached above the 148.50/149.00 range. The previous resistance appears to have turned into support. However, the 149.80 level has acted as resistance, before the pair has hit the 150.00 mark. Economic Calendar This week, there are couple of events that might cause minor reactions in the Forex market. On Thursday, the US weekly Unemployment claims could