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The recovery from the 1,764.00/1,766.15 range found resistance in the 1,780.00 level. Afterwards, a decline appears to be finding support in the 200-hour simple moving average near 1,770.00. By mid-Wednesday, the price remained above the 200-hour SMA, as the 50-hour SMA approached from above and acted as resistance. Namely, the price is expected to get squeezed in between the SMAs
By mid-Wednesday, the USD/JPY currency pair reached the 137.80 level. Meanwhile, it was spotted that the pair might be supported by an ascending supporting trend line. A continuation of the appreciation of the US Dollar against he Japanese Yen is set to test the following levels. The 138.00 mark, the weekly R1 simple pivot point at 138.24, the 138.50 and
The weekly simple pivot point at 1.2162 eventually failed to keep the pair up and on Wednesday morning the GBP/USD almost reached the 1.2100 level. However, by mid-day the rate had recovered and reached the 1.2180 level, where resistance was provided by the 50-hour simple moving average. A move above 1.02180 might immediately encounter resistance in the 1.2200 level, the 100-hour
The EUR/USD eventually passed below the support of the 100-hour simple moving average near 1.0490 and the weekly simple pivot point at 1.0456. However, on Wednesday morning, the pair found support in the 200-hour simple moving average near 1.0440. In addition, it appears that the 1.0450 level acted as support. By the middle of Wednesday's trading, the rate had
In the aftermath of the FTX fiasco, the US bank Goldman Sachs has decided to invest in crypto companies with decreased valuations.
Due to government incentives, BP has decided to invest in a new hydrogen fuel production hub in Whiting, Indiana.
The Reserve Bank of Australia has once again hiked base interest rates by 0.25%. By doing so, the central bank has hiked the rate to 3.10%, which is the highest level in a decade.
The founder of FTX Sam Bankman-Fried has tweeted that he would give testimony to the US House Financial Services Committee on the collapse of his crypto exchange.
The Chinese electric vehicle manufacturer BYD has announced that it would start exporting vehicles to Japan by early 2023.
At the start of the days US trading, the stock price for Tesla declined by 3.00%. The stock price reacted to a report about production cuts in China. It has been reported by Bloomberg news agency that Tesla has decreased its Model Y output in Shanghai by 20%, compared to November levels. The company has not responded to the reports.
The price for gold eventually declined, as a broad asset sell off occurred on Monday. The decline passed below both support zones near 1,795.00 and 1,785.00. Eventually, the decline ended, as the commodity price found support in the 1,764.00/1,766.15 range. On Tuesday morning, the range was strengthened by the 200-hour simple moving average, which appeared to be pushing the
The recovery of the US Dollar against the Japanese Yen has reached the combination of the 137.50 level and the 200-hour simple moving averages, which have acted as resistance. Meanwhile, on Tuesday morning it was spotted that support was found in the 136.50 level. Economic Calendar On Friday, the US Producers Price Index and Core Producers Price Index are set to reveal
The top Apple supplier Foxconn has revealed that its plant in China would be back to full output in early January.
The retracement downwards of the Pound against the US Dollar found support in the weekly simple pivot point at 1.2162. On Tuesday morning, the pair was approached by the 100-hour simple moving average near 1.2180 and it appeared to have started to push the pair up. Economic Calendar On Friday, the US Producers Price Index and Core Producers Price Index are set
The EUR/USD has passed the support of the 50-hour simple moving average and the 1.0500 mark. Moreover, the recent channel up pattern was broken. On Tuesday morning, the currency pair was finding support in the 100-hour simple moving average near 1.0480. Economic Calendar Analysis On Friday, the US Producers Price Index and Core Producers Price Index are set to reveal inflation changes
The price for gold eventually declined, as a broad asset sell off occurred on Monday. The decline passed below both support zones near 1,795.00 and 1,785.00. Eventually, the decline ended, as the commodity price found support in the 1,764.00/1,766.15 range. On Tuesday morning, the range was strengthened by the 200-hour simple moving average, which appeared to be pushing the price
The recovery of the US Dollar against the Japanese Yen has reached the combination of the 137.50 level and the 200-hour simple moving averages, which have acted as resistance. Meanwhile, on Tuesday morning it was spotted that support was found in the 136.50 level. In the case of the rate resuming the recovery, the pair would have to pass the resistance
The retracement downwards of the Pound against the US Dollar found support in the weekly simple pivot point at 1.2162. On Tuesday morning, the pair was approached by the 100-hour simple moving average near 1.2180 and it appeared to have started to push the pair up. A surge of the Pound against the US Dollar might encounter resistance in the 1.2250
The EUR/USD has passed the support of the 50-hour simple moving average and the 1.0500 mark. Moreover, the recent channel up pattern was broken. On Tuesday morning, the currency pair was finding support in the 100-hour simple moving average near 1.0480. A decline below the 100-hour simple moving average might look for support in the combination of the weekly simple
Due to the reduction of COVID measures in China, the Yuan has surged above the 7.00 mark against the US Dollar. This is the strongest level since mid-September.
This week, the European Union, Australian and G7 country price cap on Russian oil exports came into force. However, there was no observable impact on oil prices, as the price cap appeared to have been price in beforehand.
Reuters has reported that the electric vehicle unit of Evergrande would suspend mass production due to a lack of orders.
The Chief Financial Officer of the state of Florida has announced that they would pull out $2 billion of assets from BlackRock's ESG fund. The divestment makes a precedent for removing a state investment from an environmental, social and corporate governance policy implementing fund.
The electric vehicle company Tesla has delivered its first heavy duty truck to PepsiCo. However, the company has not offered the model's pricing or revealed production plans.