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The NZD/USD rate has been trading between support at 0.5990/0.6085 and resistance at 0.6380/0.6420 for most of 2023. Most recently, the pair bounced off the resistance zone and declined to the support of the 50-day simple moving average. A decline below the 50-day simple moving average could result in the rate looking for support in the 0.5990/0.6085 range. Further below,
The US Small Caps stock index has surged since early May. Most recently the index was approaching the 2,000.00 mark and the 2022 high at 2,033.50. Meanwhile, it has been spotted that the surge has occurred in a channel up pattern. A continuation of the ongoing surge would have to break the resistance of the 2,000.00 mark and the 2022
The price for gold has revealed resistance and support zones. Support is found at 1,957.25/1,964.20. Resistance is encountered at 1,984.20/1,987.70. Meanwhile, the price appears to be respecting the 50 and 100-hour simple moving averages. Economic Calendar Analysis This week, all attention will be on the expected US Federal Reserve Rate hike at 18:00 GMT on Wednesday. The Federal Reserve is expected to
It has been spotted that the recovery of the US Dollar against the Yen has occurred in a channel up pattern since July 18. Meanwhile, the rate is being supported by the ascending 50-hour simple moving average. Economic Calendar This week, all attention will be on the expected US Federal Reserve Rate hike at 18:00 GMT on Wednesday. The Federal Reserve is
The GBP/USD has passed below the support and resistance zone near 1.2850. The range could soon be confirmed as resistance and a decline of the Pound against the US Dollar might continue. Economic Calendar This week, all attention will be on the expected US Federal Reserve Rate hike at 18:00 GMT on Wednesday. The Federal Reserve is expected to increase base interest
The EUR/USD bounced off the 1.1240/1.1275 range and started a decline. By July 24, the rate had reached below the 1.1100 mark. Economic Calendar Analysis This week, all attention will be on the expected US Federal Reserve Rate hike at 18:00 GMT on Wednesday. The Federal Reserve is expected to increase base interest rate by 0.25%. On Thursday, the European Central Bank is
The Dutch tech company Philips has announced that it would increase its profit forecasts. Moreover, the company has beat earnings expectations for the previous quarter.
The price for gold has revealed resistance and support zones. Support is found at 1,957.25/1,964.20. Resistance is encountered at 1,984.20/1,987.70. Meanwhile, the price appears to be respecting the 50 and 100-hour simple moving averages. A move above the 50 and 100-hour simple moving averages could result in another test of the 1,984.20/1,987.70 range. Higher above, note that the 2,000.00 mark
It has been spotted that the recovery of the US Dollar against the Yen has occurred in a channel up pattern since July 18. Meanwhile, the rate is being supported by the ascending 50-hour simple moving average. A continuation of the surge is set to face resistance in the zone at 142.70/143.00. Higher above, note the weekly R1 simple pivot
The GBP/USD has passed below the support and resistance zone near 1.2850. The range could soon be confirmed as resistance and a decline of the Pound against the US Dollar might continue. A continuation of the decline might find support in the 1.2800 and 1.2750 levels. Further below, note the weekly S1 simple pivot point at 1.2736 and the two
The EUR/USD bounced off the 1.1240/1.1275 range and started a decline. By July 24, the rate had reached below the 1.1100 mark. A continuation of the ongoing decline could look for support in the weekly S1 simple pivot point at 1.1063, the 1.1050 level and the combination of the 1.1000 mark and the weekly S2 simple pivot point. Further below,
The Japanese government has revealed that it intends to coordinate with the Bank of Japan to create a slowdown of inflation in 2024.
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
In June, the Peoples Bank of China has increased its gold reserves by 23 tons. The central bank has extended its gold buying spree into an eight consecutive month.
The Vice-President has revealed throughout July that the services sector has turned into a significant drivers of European inflation.
The United Nations food agency has revealed that its world price index had declined in June to a two year low level. The index is now 23.4% below its peak of March 2022.
Airbus has received a received record amount of orders from India, as the country's airlines have ordered a total of 1,004 airplanes in the first half of 2023.
The US Defense Department has revealed that it has strategic Germanium reserves. However, there are no Gallium reserves. Due to this reason the Pentagon would use the Defense Production Act to increase domestic mining.
The nominal base salaries of Japan have experienced largest growth since 1995. In May, salaries have increased by 2.50%. However, due to inflation real wages have decreased 1.2%.
Chinese authorities have ended the regulatory revamp of Ant Group. Reuters has reported that Ant is set to be fined 8 billion Yuan or $1.1 billion.
The Chief Financial Officer of the New Development Bank of the BRICS countries has commented that the country economic association does not intend to create its own currency.
Volkswagen has revealed that the company has been monitoring the recent semiconductor and rare metal dispute between China and United States. The company has announced that it would be ready to deal with supply issues.
The airline Norwegian Air has made a deal to acquire its domestic competitor Wideroe for a total of $106 million. The companies are set to operate independently, but with more collaboration and integration.
The Austrian bank Raiffeisen Bank International has once again delayed leaving the Russian market, as Austrian officials have increased their defence of the bank in the United States and Europe.