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Scope Ratings has announced that the high Italian sovereign budget deficit might make the country ineligible for the ECB bond support scheme. The lack of support for bonds could cause a decrease of the country's credit rating.
The electric vehicle maker Tesla has announced a price cut in the United States for the Model 3 and Model Y cars by nearly 2.7 and 4.2%.
It has been observed by market participants that the price for orange juice has continued to reach new all-time high level each week for more than a month.
Dear Dukascopy clients, note that the requirements for equity are bound to change during the weekend. Please, adjust your positions accordingly to avoid unexpected margin calls. Maximum available leverage for the weekends and other market closure days is set to 1:30 (1:60 for accounts with maximum leverage of 1:200). The purpose of this policy is to mitigate risks caused by potential
Bloomberg News has reported that Apple might switch Apple Safari browser's search engine from Google to DuckDuckGo.
The United States Bureau of Labor Statistics has just published the monthly employment data. The markets were waiting for the release for most part of the week. In general, the event has caused a spike up of the US Dollar that amounted to 52 points or 0.49%. Released data most importantly consists of the Non-Farm Employment Change, Average Hourly Earnings
US shoppers have experiences record prices for chicken, as producers have reduced production and shoppers increase demand due to a switch from beef and pork. Market analysts expect Tyson Foods to benefit the most from the price increases.
The United States Bureau of Labor Statistics has just published the monthly employment data. The markets were waiting for the release for most part of the week. In general, the event has caused a spike up of the US Dollar.
Reuters has published to the world how Citigroup managers intend to review its staff and decide upon reassignment or firing. In general, the banking group has started its largest reorganization in decades.
The Japanese stock index made another attempt to pass above the 33,500.00 mark in mid-September. The resistance of the high level was enough to cause a decline below the 50-day simple moving average and the 31,245.00/31,800.00 range. Most recently the stocks found support at 30,285.00/30,630.00 and the 200-day SMA. A recovery of the stock index would most likely face
The price for orange juice has continued to surge since early 2022. The surge occurred in a massive channel up pattern until mid-September. in September, the pattern was broken to the upside. Namely, the surge gained more momentum. However, the price remains in a smaller scale pattern that has guided it up since the start of July. In general, the
US healthcare worker unions and Kaiser Permanente have failed to make an agreement on contracts. The failure to negotiate has started a 75,000 medical worker strike, which is the largest in US history.
The US Energy Information Administration has reported that finished motor gasoline demand had decreased to 8 million barrels per day, which is the lowest level since the start of the year. Moreover, JP Morgan has reported that seasonally adjusted US gas consumption has hit a 22 year low. The news have caused an oil price decline.
Gold has reached below 1,920.00 level's support. However, it has not yet approached further support levels. Economic Calendar Analysis On Friday, the top event of the week will take place. The United States will publish the monthly employment data at 12:30 GMT. The release will consist of the Average Hourly Earnings, Non-farm Employment Change and the Unemployment Rate. XAU/USD short-term forecast A decline
The USD/JPY pair has booked a lower low and lower high level. Namely, the low is at 148.25 and the high is at the combination of the weekly simple pivot point and the 50-hour simple moving average at 149.08. By late Thursday's trading, the pair was set to once again reach the 148.25 level. Economic Calendar On Friday, the top event of
On Thursday, the GBP/USD currency exchange rate passed the resistance of the 200-hour simple moving average that had kept the rate down since mid-Wednesday. After confirming the moving average as support, the rate approached the upper trend line of the channel down pattern that had guided the rate down since August 30. Economic Calendar On Friday, the top event of the week
The EUR/USD recovery has reached above the 1.0530 level and the 100-hour simple moving average. The 100-hour SMA was keeping the rate down on Wednesday. On Thursday, the rate reached the resistance of the 200-hour SMA near 1.0540. Economic Calendar Analysis On Friday, the top event of the week will take place. The United States will publish the monthly employment data at
Gold has reached below 1,920.00 level's support. However, it has not yet approached further support levels. A decline is expected to look for support in the low level zone at 1,805.00/1,808.00. Afterwards, the 1,800.00 mark is most likely going to act as support. On the other hand, a recovery of the commodity price could face resistance in the 50 and 100-hour
The USD/JPY pair has booked a lower low and lower high level. Namely, the low is at 148.25 and the high is at the combination of the weekly simple pivot point and the 50-hour simple moving average at 149.08. By late Thursday's trading, the pair was set to once again reach the 148.25 level. A move below the 148.25
On Thursday, the GBP/USD currency exchange rate passed the resistance of the 200-hour simple moving average that had kept the rate down since mid-Wednesday. After confirming the moving average as support, the rate approached the upper trend line of the channel down pattern that had guided the rate down since August 30. If the pair breaks the pattern, resistance could
The EUR/USD recovery has reached above the 1.0530 level and the 100-hour simple moving average. The 100-hour SMA was keeping the rate down on Wednesday. On Thursday, the rate reached the resistance of the 200-hour SMA near 1.0540. A move above the 200-hour SMA near 1.0540, would highly likely result in the pair testing the resistance of the weekly simple
Reuters has reported that Meta has started to lay off employees in the Reality Labs division, which is developing the Metaverse.
The latest release of HCOB Composite Purchasing Managers Index for the Euro Zone has revealed that demand in the economic block had declined in September at a pace not observed since 2020.
On Wednesday, October 4, crude oil prices declined by more than $5.00. Both US light crude oil and UK Brent crude oil prices have broken their ascending channel patterns. The breaking of the patterns occurred due to US data indicating weak demand for gasoline. The US Energy Information Administration was the catalyst of the price drop, as it reported that