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The USD/JPY passed the ascending support trend line in a sharp move, which eventually paused near 136.30. Throughout Thursday's trading, the pair fluctuated between 136.30 and 137.20. A move below the 136.30 level and the 100-hour simple moving average might look for support in the 136.00 level and the weekly simple pivot point at 135.93. Further below, round price levels could
On Thursday, the GBP/USD pair found support in the weekly simple pivot point at 1.2162 and surged to the 1.2250 level. In the case of the pair moving above 1.2250, the 1.2300 and 1.2350 levels are highly likely to act as resistance, as they stopped the last week's surge. However, a decline of the Pound against the US Dollar might
The recovery of the EUR/USD initially stalled at the 1.0550 level. However, after retracing down and finding support in the 50-hour simple moving average, the pair eventually surged above 1.0550. An extension of the ongoing surge of the Euro against the US Dollar might encounter resistance in the 1.0600 mark and the weekly R1 simple pivot point at 1.0622.
Blackstone Private Credit Fund has revealed in a regulatory filing that in the fourth quarter of 2022 the fund has received withdrawal requests from its investors that amount to nearly 5.00% of the total outstanding stock.
In November, Chinese exports have reached worst level since February 2020, as the steepest decline since May 2020 has been observed. The decline has been attributed to a decline in global demand and local production disruptions.
Tesla has announced a 6,000 Yuan ($859.20) to Chinese buyers starting from Wednesday up to the end of the year.
The Chief Financial Officer of BlackRock Gary Shedlin has revealed that the company would freeze hiring and reduce spending. In October, the asset manager revealed that its assets under management had decreased by 16%.
The government of South Korea and foreign electric vehicle makers have asked the US administration to create a $4,000 tax credit for EV buyers. The producers have suffered since the US cancelled a prior $7,500 tax credit for EVs assembled outside of North America.
The South Korean electronics companies LG and Samsung have revealed plans to invest additional $2 billion in Vietnam.
The Chief Economist of the European Central Bank Philip Lane has stated that the central bank would have to increase interest rates to tame inflation, despite inflation being close to peak.
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
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. Economic Calendar On Friday, the US Producers Price Index and Core Producers Price Index are set to reveal inflation changes in the United States at the production level. In general, it is assumed that producer level
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. Economic Calendar On Friday, the US Producers Price Index and Core Producers Price Index are
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 recovered and
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.