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The Ifo institute has announced that in 2023 the German economy is set to decrease more than previously forecast.
Intel Corporation has announced a major restructuring of its manufacturing activities. The company intends to create a separate entity that would generate its own margin.
The Swiss National Bank has increased its base interest rate by 0.25% and revealed that it would continue to tighten monetary policy.
Gold has been declining and reaching below one support level after another. This week, it appeared that the commodity price could reach the 1,900.00 mark. Economic Calendar Analysis The commodity price might react to the release of the US Services and Manufacturing PMIs on Friday at 13:45 GMT. XAU/USD short-term forecast Note that the metal's price was finding support and resistance in the
For the last couple of days the USD/JPY currency pair has been finding support in the 100-hour simple moving average. Economic Calendar The rate could be impacted by the publication of the US Manufacturing and Services PMIs at 13:45 GMT. Hourly Chart A continuation of the ongoing surge of the US Dollar against the Japanese Yen might stop at the 142.50 mark, the
Despite the surprise Bank of England interest rate hike, the GBP/USD currency exchange rate remains near 1.2800. For most part of the week, the pair has traded between 1.2700 and 1.2850. Meanwhile, technical levels appear to have little impact on the pair. Economic Calendar On Friday, the rate could react to the Flash Manufacturing and Services PMI releases. UK data will be
The Euro has recovered against the US Dollar above the 1.1000 mark. At mid-day on Thursday, the pair pierced the round level indicating that the pair could continue to move higher. Economic Calendar Analysis The currency pair might react to the upcoming release of the European and US Flash Manufacturing and Services sector PMIs. The European releases will happen from 07:15 up
Gold has been declining and reaching below one support level after another. This week, it appeared that the commodity price could reach the 1,900.00 mark. Note that the metal's price was finding support and resistance in the 1,915.00 level during mid-March. Below the 1,900.00 mark, the 1,895.00 has acted as support and resistance also in March. On the other hand, a
For the last couple of days the USD/JPY currency pair has been finding support in the 100-hour simple moving average. A continuation of the ongoing surge of the US Dollar against the Japanese Yen might stop at the 142.50 mark, the weekly R1 simple pivot point at 142.80 or the 143.00 level. However, a potential decline below the 100-hour simple moving
Despite the surprise Bank of England interest rate hike, the GBP/USD currency exchange rate remains near 1.2800. For most part of the week, the pair has traded between 1.2700 and 1.2850. Meanwhile, technical levels appear to have little impact on the pair. A move above 1.2850 could be stopped by the 1.2900 mark or the weekly R1 simple pivot point at
The Euro has recovered against the US Dollar above the 1.1000 mark. At mid-day on Thursday, the pair pierced the round level indicating that the pair could continue to move higher. A move above 1.1000 might be stopped by the weekly R1 or R2 simple pivot points at 1.1028 and 1.1118. In addition, the 1.1050 and 1.1100 could act as
In an unexpected move the Bank of England has increased its official bank rate to 5.00%. The event has caused a strengthening of the Pound against peer currencies.
Goldman Sachs have revealed that the major bank expects OPEC+ countries to do another oil production cut.
Reuters has reported that French consumers have started to decrease their food budgets by choosing lesser quality foods, as a 16% record food inflation has hit the country.
The Bank of America has issued research that forecasts the Japanese stock market to reach a new record high in early 2025.
The CEO of Neste has commented that the company expects renewable fuels to drive the company's growth in 2023.
Advance Auto Parts has decreased its 2023 profit expectations due to elevated costs. The announcement caused a drop of the company's stock price.
The most recent quarterly Canadian GDP data has revealed that the country's economy has increased by 3.1% in the first quarter of 2023.
Economists surveyed by Reuters have revealed that the Bank of England is most likely going to increase its Official Bank Rate up to 5.00%.
The Russian miner Nornickel has revealed that it expected the worldwide Palladium market to turn into a production surplus of 300,000 ounces in 2024.
American Airlines group has reported that it would increase its second quarter earnings expectations due to a rise in demand for travel.
The carmaker Jaguar Land Rover has announced a recall of almost 6,400 I-Pace electric vehicles in the United States due to battery overheating issues.
Employees of the failed Credit Suisse have reportedly been leaving the bank in the hundreds each week, as uncertainty over the bank's takeover has gripped workers.
Analysts surveyed by Reuters have revealed that they see a price decline in the US housing market. However, the ongoing decline is expected to be less than previously thought.