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The stock price of LVHM has plummeted more than 6.00% at the start of Wednesday's European trading. The French luxury group's stock trades at a low level not observed since December. The drop was caused by low sales volumes in the third quarter of 2023.
The stock price of LVHM has plummeted more than 6.00% at the start of Wednesday's European trading. The French luxury group's stock trades at a low level not observed since December. The drop was caused by low sales volumes in the third quarter of 2023.
The Global Energy Monitor think tank has published research that indicates that the global coal industry might get rid of more than 1 million jobs by 2050. The job losses are expected to occur, if the world shifts to other energy sources.
The International Monetary Fund has stated that around 5.00% of banks are set to struggle in a potential economic decline that would be caused by high interest rates.
The Financial Times has reported that the European Union has started an investigation into Chinese steelmaker subsidies. The subsidies could be aimed at undermining European steel producers.
The central bank of Israel has boosted the value of the Shekel via the sale of foreign currency reserves. The sales are expected to amount to up to $30 billion.
The price for gold has started to recover, as it has reached above 1,855.00. Meanwhile, prior support and resistance zones have been marked on the chart. In addition, note that the commodity might be trading in a channel up pattern, as it has been respecting an ascending resistance line that connects October high levels. Economic Calendar Analysis Watch out for the US
Since the bounce off from the 150 mark, the USD/JPY has been trading between two zones. Support is found at 148.15/148.30. Resistance is located at 149.30/149.50. Meanwhile, it appears that the rate is ignoring the simple moving averages and the weekly simple pivot point.Economic Calendar Watch out for the US inflation data. On Wednesday, the US Producer Price Index is set
The GBP/USD is facing the resistance zone that is located at 1.2260/1.2285. Meanwhile, on Tuesday support was being provided by the 50-hour simple moving average. Economic Calendar Watch out for the US inflation data. On Wednesday, the US Producer Price Index is set to be published at 12:30 GMT. Also on Wednesday, the US Federal Reserve will publish the FOMC Meeting Minutes.
The EUR/USD is facing the resistance of the 1.0600/1.0620 zone. The zone has previously acted as support and resistance. Economic Calendar Analysis Watch out for the US inflation data. On Wednesday, the US Producer Price Index is set to be published at 12:30 GMT. Also on Wednesday, the US Federal Reserve will publish the FOMC Meeting Minutes. The minutes could reveal more
The price for gold has started to recover, as it has reached above 1,855.00. Meanwhile, prior support and resistance zones have been marked on the chart. In addition, note that the commodity might be trading in a channel up pattern, as it has been respecting an ascending resistance line that connects October high levels. A potential decline of the commodity
Since the bounce off from the 150 mark, the USD/JPY has been trading between two zones. Support is found at 148.15/148.30. Resistance is located at 149.30/149.50. Meanwhile, it appears that the rate is ignoring the simple moving averages and the weekly simple pivot point. A move above the 149.50 mark is expected to face major resistance in the 150.00 mark.
IG Metall workers union has revealed that it has been joined by the Tesla Brandenburg employees. The workers have joined the union due to safety, overwork and health concerns.
The GBP/USD is facing the resistance zone that is located at 1.2260/1.2285. Meanwhile, on Tuesday support was being provided by the 50-hour simple moving average. A breaking of the 1.2260/1.2285 range is expected to result in a surge of the Pound against the US Dollar. The potential surge would face resistance at the 1.2300 mark and the weekly R1 simple
The EUR/USD is facing the resistance of the 1.0600/1.0620 zone. The zone has previously acted as support and resistance. A bounce off from the 1.0600 level is expected to result in the rate looking for support in the 1.0560 level and the 50-hour simple moving average. Below this level, it is highly likely that the rate could stop at the
The invention of new weight loss drugs has caused major demand for self-injection syringes with the new anti-obesity medication. Companies have reported to be investing billions in the expansion of production.
Reuters has published an article that lays out how the CEO of Tesla and owner of Twitter could lose his latest legal battle against the United States Securities and Exchange Commission.
The Saudi news agency has announced that United Arab Emirates, Saudi Arabia, Oman, Kuwait, Iraq and Bahrain are set to stick to oil production adjustments.
The start of the war in Israel has caused a run to safety. Market participants have been observed to be buying both the US Dollar and gold. Due to this reason, the surge of the price for gold has been rather low. The price jumped and has stuck near the 1,850.00 mark. Economic Calendar Analysis Watch out for the US inflation data.
Despite the US Dollar moving due to the publication of monthly US employment data and the war in Israel, the USD/JPY has not reacted. Namely, in theory the supposed safe haven currency, the Japanese Yen, should have decline due to the US employment, but strengthened at the start of the conflict in the Middle East. Instead, the Yen slightly reacted
The financial markets have ignored technical levels due to fundamental events taking place. On Friday, the US employment data caused high volatility and an eventual decline of the US Dollar. On Monday, the Dollar recovered because of a run to safety that started due to the war in Israel. During the events the GBP/USD pair's channel down pattern initially held. However,
The EUR/USD has ignored technical levels due to fundamental events taking place. On Friday, the US employment data caused high volatility and an eventual decline of the US Dollar. On Monday, the Dollar recovered because of a run to safety that started due to the war in Israel. By mid-Monday it was observed that the pair had resumed to respect technical
Reuters has published a report on US gasoline prices, which indicates that, due to rising stock prices and crude oil price decline, gas prices in the United States could decline to as low as $3 per gallon.
The start of the war in Israel has caused a run to safety. Market participants have been observed to be buying both the US Dollar and gold. Due to this reason, the surge of the price for gold has been rather low. The price jumped and has stuck near the 1,850.00 mark. For the price to decline it would have