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On Monday morning, the EUR/USD confirmed that the 0.9900 level can act as resistance, as the pair bounced off it. An extended decline of the Euro against the US Dollar might find support in the weekly simple pivot point at 0.9814, the 50 and 100-hour simple moving averages and the 0.9800 mark. Further below, take into account the 200-hour
Toyota has announced that the company expects to once again decrease its 2022 output forecasts due to a shortage of semiconductors.
American Airlines have announced that due to an increase in demand, the airline expects strong fourth quarter results. The company expects earnings per share between 50 and 70 cents. Meanwhile, analysts forecasts earnings per share at 22 cents.
The stock price of Snap plummeted at the start of the day's trading, as the company reported that it expects zero revenue growth in the current quarter. The news impacted all social media stock prices, as YouTube owner Alphabet, Meta Platforms and Twitter stocks declined from 1.70% up to 9.20%.
The stock price of Snap plummeted at the start of the day's trading, as the company reported that it expects zero revenue growth in the current quarter. The news impacted all social media stock prices, as YouTube owner Alphabet, Meta Platforms and Twitter stocks declined from 1.70% up to 9.2%.
Dow Inc has revealed that due to rising energy prices and declining demand for chemicals, the company's net income had decreased by 56%.
The price for gold eventually encountered resistance in the combination of the 1,645.00 level, the 100-hour simple moving average and the upper trend line of a channel down pattern. The resistance forced the price into retreating down to the 1,615.00/1,622.00 zone. he support zone appeared to have caused another recovery. Economic Calendar Analysis On Monday, look out for the Markit Services and
The USD/JPY step by step approached the 150.50 level, which was reached and acted as resistance for two hours. Afterwards, the rate surged sharply and easily reached above the 151.00 mark. By the middle of the day's European trading, the rate had reached above 151.30. At the moment of writing, the rate appeared to be unstoppable. Economic Calendar On Monday, look out
As the UK Prime Minister resigned, the Pound initially surged and reached above 1.1300. However, the spike upwards was followed by a decline. By the middle of Friday's trading, the pair had almost reached the 1.1100 mark. Economic Calendar On Monday, look out for the Markit Services and Manufacturing sector Purchasing managers Indices. The European release is set to occur from 07:15
On Friday morning, the EUR/USD bounced off the 0.9800 mark and declined below the support of the 200-hour simple moving average near 0.9765. By the middle of the day, the rate was approaching the support of the weekly simple pivot point at 0.9719 and the 0.9708/0.9715 zone. Economic Calendar Analysis On Monday, look out for the Markit Services and Manufacturing sector Purchasing
The price for gold eventually encountered resistance in the combination of the 1,645.00 level, the 100-hour simple moving average and the upper trend line of a channel down pattern. The resistance forced the price into retreating down to the 1,615.00/1,622.00 zone. he support zone appeared to have caused another recovery. A recovery of the metal might be stopped by the 50-hour
The USD/JPY step by step approached the 150.50 level, which was reached and acted as resistance for two hours. Afterwards, the rate surged sharply and easily reached above the 151.00 mark. By the middle of the day's European trading, the rate had reached above 151.30. At the moment of writing, the rate appeared to be unstoppable. An extension of the
The US wireless carrier has announced that it would increase its 2022 profit forecasts, as Americans have been observed to be upgrading to 5G plans.
As the UK Prime Minister resigned, the Pound initially surged and reached above 1.1300. However, the spike upwards was followed by a decline. By the middle of Friday's trading, the pair had almost reached the 1.1100 mark. An extension of the ongoing decline would have no technical support as low as the weekly S1 simple pivot point at 1.0941 and the
On Friday morning, the EUR/USD bounced off the 0.9800 mark and declined below the support of the 200-hour simple moving average near 0.9765. By the middle of the day, the rate was approaching the support of the weekly simple pivot point at 0.9719 and the 0.9708/0.9715 zone. A decline below the weekly simple pivot point and the 0.9708 level could
The money markets indicate that on October 26 the Bank of Canada would hike its base interest rates by additional 0.75%.
Mercedes-Benz has signed a 1.50 billion Euro deal with Rock Tech Lithium for the supply of 10,000 tons of lithium per year.
In September, US home builder sentiment index continued to decline, as it dropped additional eight points.
The ratings agency Fitch has announced that it expects the strong labour market and consumer demand to reduce the impact of an economic recession in the United States.
The price for gold eventually found support above the 1,615.00/1,622.00 zone. The 1,625.00 level appears to have acted as support. During the first half of Thursday's trading, the price recovered back up to the 1,635.00 level. Economic Calendar Analysis This week, there is only one notable scheduled event, which could impact the US Dollar and the financial markets. On Thursday, a minor
On Thursday morning, the USD/JPY currency pair shortly reached above the 150.00 mark and the weekly R2 simple pivot point at 149.98. The 150.00 mark is a major benchmark for the pair and most financial news outlets are reporting on the event. Economic Calendar This week, there is only one notable scheduled event, which could impact the US Dollar and the financial
The decline of the Pound against the US Dollar has continued, as on Thursday morning the pair approached the 1.1150 level and the weekly simple pivot point at 1.1160. Economic Calendar This week, there is only one notable scheduled event, which could impact the US Dollar and the financial markets. On Thursday, a minor move could occur due to the Philadelphia Federal
On Thursday morning, the EUR/USD found support in the 200-hour simple moving average near 0.9755. The support was enough to cause a retracement to the combined resistance of the levels near 0.9800. Namely, the 0.9800 mark, the 100-hour SMA and the 50-hour SMA were located at 0.9795/0.9810. Economic Calendar Analysis This week, there is only one notable scheduled event, which could impact
AB Volvo has revealed that despite higher earnings in the third quarter of 2022, the company is experiencing a rise in material costs and disruptions of supply. The announcement caused a 6.10% or 10.78 SEK decline of the company's share price.