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As global demand for Chinese goods has increased, the Chinese exports have increased more than expected during the period of January and February.
Due to a new 1.2% tax on streaming companies in France, Spotify has increased prices in the country. The government officially intended to use the tax to help music creators. However, the consumer is set to pay for the subsidy not the streaming firm.
Novo Nordisk has announced that its new experimental weight loss drug has shown to be more effective than expected. The news caused a 10.00% surge of the company's stock price.
The US Bureau of Labor Statistics has published the monthly US employment data sets. Data reveals a mixed month, as the statistics have shown good and bad aspects in the US labour market. USD reacted to the news by sharply dropping and resuming the previous decline, as mixed news appear to have allowed the market to continue on in
The US Bureau of Labor Statistics has just published the monthly US employment data sets. Data reveals a mixed month, as the statistics have shown good and bad aspects in the US labour market.
As the US monetary policy makers have made comments that rate cuts are unlikely, the price for crude oil has declined. Oil prices react to lower and higher rates, as lower rates mean more economic activity that always causes demand for oil.
The Governor of the Federal Reserve Michelle Bowman has stated this week that the US economy is not yet ready for rate cuts and the Fed would hike rates, if would be needed.
The weight loss drug maker Novo Nordisk has passed Tesla in market capitalization and become the 12th most valuable company in the world. The event has taken place due to a surge of Novo and a decline of Tesla.
The European central bank has announced that it has made good progress in battling inflation, as Euro Zone inflation has reached down to 2.6% in January and is expected to be at 2.4% in February.
Due to weakening electric vehicle demand, Morgan Stanley has announced a price target cut for the stock of Tesla. The news caused an extension of the ongoing share price decline.
The Abu Dhabi Etihad Airways have reported profits in 2022 and 2023. Moreover, the company's CEO has announced that the company could do an initial public offering by improving its governance and transparency of the balance sheet.
The financial markets have been observed to be preparing for a return of Donald Trump to the US Presidency. Namely, investors have adjusted to Trump's planned policies that affect the Chinese market, defence stocks and emerging market currencies.
US retailer Target has announced that it expects a sales recovery in 2024. Meanwhile, the company has revealed a new paid membership. The news caused a 12.00% jump of the company's stock price.
The government of the Netherlands has started talks with the country's largest company and semiconductor equipment producer ASML to gain assurance that the firm would remain in the country.
Gold broke the ascending pattern, as the price was consolidating sideways. However, the surge has resumed and the commodity has reached the 2,160.00 level. It is clear now that round price levels impact the metal. By large, until something changes fundamentally in the US monetary policy, it is unlikely that the surge would end. In general retracements occur, price consolidates and
The decline of the USD/JPY continues. On Thursday, the pair found support in the weekly S3 simple pivot point at 147.60. Economic Calendar Top event of the week is scheduled for Friday at 13:30 GMT. The United States employment data sets are going to impact the financial markets. The release consists of Average Hourly Earnings change, Non-Farm Employment Change and the Unemployment
Recent comments made by the head of the US Federal Reserve have weakened the US Dollar. It has resulted in a surge of the GBP/USD that has continued to break one resistance after another. In addition, it has been spotted that the surge has occurred in a channel up pattern. Economic Calendar Top event of the week is scheduled for Friday at
The EUR/USD managed to finally breach the 1.0860/1.0890 range and the combination of the 1.0900 mark and the weekly R2 simple pivot point. However, the rate consolidated before the ECB policy announcement and the announcement caused a retracement to the support of the passed range and the weekly R1 simple pivot point. After the fundamental event passed, EUR/USD continued the surge. Meanwhile,
Gold broke the ascending pattern, as the price was consolidating sideways. However, the surge has resumed and the commodity has reached the 2,160.00 level. It is clear now that round price levels impact the metal. By large, until something changes fundamentally in the US monetary policy, it is unlikely that the surge would end. In general retracements occur, price
The decline of the USD/JPY continues. On Thursday, the pair found support in the weekly S3 simple pivot point at 147.60. An extension of the ongoing decline is expected to look for support in the 146.65/147.10 range. Further below, the 146.00 level might stop the decline. In the case of a USD recovery, watch the weekly S2 simple pivot point at
Recent comments made by the head of the US Federal Reserve have weakened the US Dollar. It has resulted in a surge of the GBP/USD that has continued to break one resistance after another. In addition, it has been spotted that the surge has occurred in a channel up pattern. In the near term future, the pair is set
The EUR/USD managed to finally breach the 1.0860/1.0890 range and the combination of the 1.0900 mark and the weekly R2 simple pivot point. However, the rate consolidated before the ECB policy announcement and the announcement caused a retracement to the support of the passed range and the weekly R1 simple pivot point. After the fundamental event passed, EUR/USD continued
The Asset Management Association of China has reported that local investors have bought up assets abroad and hit the limit for outbound assets. The investors have turned to other markets, as the Chinese market has struggled due to low confidence, real estate sector issues and government involvement.
The ECB Main Refinancing Rate has just been released. As expected, the central bank has kept the rate at 4.50%. In addition, the central bank published its Monetary Policy Statement. The event caused a minor 0.20% dip of the EUR/USD. The dip was attributed to a sentence in the policy statement. "Financing Conditions are restrictive and past interest rate