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On Sunday, Tesla announced that the company had delivered 466,000 vehicles in the second quarter of 2023. The market consensus was that the carmaker would deliver around 445,000 cars. Market commentators indicate that the company managed to sell more cars due to decreasing prices. The news caused a surge of the stock price during Monday's pre-market hours. The shares
The Pound has been surging against the Japanese Yen since March in a channel up pattern. The pattern captures the difference between the central bank policies of the two currencies. The Bank of England has been hiking rates and combatting inflation. The Bank of Japan has been easing and weakening its currency. Meanwhile, from a technical perspective the pair respects
Crude oil prices have rallied at the start of this week due to Saudi Arabia extending its supply decrease through August.
Exxon Mobil and Tetra Technologies have agreed upon developing 6,100 of Lithium rich Arkansas land.
Toyota Motor has reported an increase of global sales in May by 10%, compared to May 2022. The company has sold 838,478 cars, compared to 761,466 in the year prior.
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
The stock price of Apple has continued to book new high levels as during the week it has reached the $190.00 levels. The stock surge has been attributed to a broader tech stock surge that has been fuelled by AI optimism.
Google has revealed that it would lay off employees at its mapping app Waze due to a merger with Google Ads technologies.
The Chinese tech giants Ant Group and Tencent Holdings have revealed that they would allow users to use international credit cards on their platforms.
The annual profits of Chinese firms have extended their decline during the five first months of 2023. The year-on-year profits in May have declined by 18.8%.
Bloomberg has reported that UBS intends to lay off more than 50% of the Credit Suisse workforce starting from July.
The United States Bureau of Economic Analysis has published the US Final quarter on quarter Gross Domestic Product data. The markets expected US economy to have grown in the first quarter of the year by 1.4%. Instead of the expected, the economy has been reportedly increased by 2.0%. On gold charts it resulted in a drop from the 50-hour simple moving
The surge of the US Dollar against the Japanese Yen continues, as the USD gets stronger and the Yen loses value against peer currencies. The USD/JPY pair reached above the 144.50 mark and the weekly R1 simple pivot point at 144.63 at mid-Thursday due to the US GDP release. Economic Calendar On Friday, at 12:30 GMT, the US Core PCE Price Index
The United States Bureau of Economic Analysis has published the US Final quarter on quarter Gross Domestic Product data. The markets expected US economy to have grown in the first quarter of the year by 1.4%. Instead of the expected, the economy has been reportedly increased by 2.0%. On the GBP/USD charts it resulted in a drop below 1.2600. The weekly
The United States Bureau of Economic Analysis has published the US Final quarter on quarter Gross Domestic Product data. The markets expected US economy to have grown in the first quarter of the year by 1.4%. Instead of the expected, the economy has been reportedly increased by 2.0%. On the EUR/USD charts it resulted in a drop down to the 1.0860
The United States Bureau of Economic Analysis has published the US Final quarter on quarter Gross Domestic Product data. The markets expected US economy to have grown in the first quarter of the year by 1.4%. Instead of the expected, the economy has been reportedly increased by 2.0%. On gold charts it resulted in a drop from the 50-hour simple moving
The Wall Street Journal has reported that the United States government has been considering AI chip export restrictions on exports to China.
The surge of the US Dollar against the Japanese Yen continues, as the USD gets stronger and the Yen loses value against peer currencies. The USD/JPY pair reached above the 144.50 mark and the weekly R1 simple pivot point at 144.63 at mid-Thursday due to the US GDP release. The United States Bureau of Economic Analysis has published the US Final
The United States Bureau of Economic Analysis has published the US Final quarter on quarter Gross Domestic Product data. The markets expected US economy to have grown in the first quarter of the year by 1.4%. Instead of the expected, the economy has been reportedly increased by 2.0%. On the GBP/USD charts it resulted in a drop below 1.2600. The weekly
The United States Bureau of Economic Analysis has published the US Final quarter on quarter Gross Domestic Product data. The markets expected US economy to have grown in the first quarter of the year by 1.4%. Instead of the expected, the economy has been reportedly increased by 2.0%. On the EUR/USD charts it resulted in a drop down to the
The next month's volatility index CFD has been finding support in a support zone at 14.85/15.00. Meanwhile, resistance is being provided by the 17.35/17.90 range. A move below 14.85/15.00 would result in the index being at low levels not seen for years. In such an environment fundamental events could cause retracements and reveal support zones. Besides that, look at round levels. However,
The South African stock index has revealed support and resistance zones that the equities continue to respect. Most recently, the index retreated to trade in the support zone at 69,000.00/70,250.00. A passing below the 69,000.00 mark could result in the pair declining to the low level range at 67,000.00/67,550.00. However, the decline could be slowed down by the 68,000.00
The United States Bureau of Economic Analysis has published the US Final quarter on quarter Gross Domestic Product data. The markets expected US economy to have grown in the first quarter of the year by 1.4%. Instead of the expected, the economy has been reportedly increased by 2.0%. The higher GDP data signals that the US economy remains strong and
Ford Motor Company has announced employee layoffs in Canada and the United States to reduce costs.