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The oil company Shell has ended the quarter with a new record profit of $11.5 billion. Moreover, the company has announced a $6 billion share buyback program.
The EUR/USD currency pair has been highly volatile, as it has been reacting to major US fundamental events throughout the week. Namely, the Fed rate hike and monetary policy announcement together with the US GDP have been creating major moves. In general, the pair has been observed to be fluctuating between the support of the 1.0097/1.0115 zone and resistance at
The price for gold has managed to reach above the resistance zone, which surrounds the 1,750.00 level. On Friday morning, the metal reached above the 1,765.00 level. However, during the afternoon hours, a retracement back down occurred. The retracement down of the commodity price might look for support in the 1,743.85/1,752.60 zone. In addition, note the 50-hour simple moving average
The decline of the USD/JPY currency pair eventually reached the 132.50 level. However, on Friday morning, the 132.50 provided enough support to cause a recovery. By the middle of the day's European trading, the pair had almost recovered to the 134.50 mark. A continuation of the USD/JPY surge could encounter resistance in the 134.75 level, the weekly S1 simple pivot point
As the GBP/USD was approaching the 1.2250 mark on Friday, it suddenly started a sharp decline. By the middle of the day's European trading hours, the pair had reached the 1.2100 level. A continuation of the decline of the 1.2100 mark might look for support in the 100-hour simple moving average near 1.2095 and the weekly R1 simple pivot point at
The EUR/USD currency pair has been highly volatile, as it has been reacting to major US fundamental events throughout the week. Namely, the Fed rate hike and monetary policy announcement together with the US GDP have been creating major moves. In general, the pair has been observed to be fluctuating between the support of the 1.0097/1.0115 zone and resistance
Panasonic has announced that the company has experienced a 39.00% decline in operating quarterly profits.
This week, despite keeping its sales targets for 2022 intact, Volkswagen warned that energy uncertainty in Europe might harm the company.
In the second quarter of 2022, Toyota Motor Corporation has missed its production target by 9.80%. However, the firm commented that it expects a recovery in the third quarter of the year.
The Deputy Governor of the Bank of Japan Masayoshi Amamiya has revealed that the central bank has been constantly thinking of ways of how to end its ultra-loose policy.
The European largest food retailer Carrefour has announced that it would increase its 2022 cost saving targets and is confident in the second half of the year.
On July 28, at 12:30 GMT, the United States Bureau of Economic Analysis published the US quarterly Advance GDP data for the second quarter of 2022. The market consensus for the GDP was at 0.4% growth. The actual data revealed a decline of -0.9%. In April, the Advance GDP revealed a -1.4% decline for the first quarter of 2022. A
On July 28, at 12:30 GMT, the United States Bureau of Economic Analysis published the US quarterly Advance GDP data for the second quarter of 2022. The market consensus for the GDP was at 0.4% growth. The actual data revealed a decline of -0.9%.
A report published by Reuters on Wednesday has highlighted that, despite soaring inflation, consumer-focused companies are experiencing no decrease in demand.
The quarterly results of T-Mobile have revealed that the company had succeeded in its strategy at lowering subscription fees and increasing subscriber count.
The price for natural gas found support in the 5.35/5.60 zone at the start of July. The event was followed by a sharp surge up to the late May and early June high level zone at 9.45/9.67. On July 26, the price bounced off the resistance zone and retreated to 8.50. In the case of the commodity price declining, round
Since the second part of June, the price for Bitcoin has been testing the resistance zone at 21,970.00/24,340.00. During late July, the rate had even approached the upper border of the resistance zone. On July 28, the pair was located at the 23,000.00 mark. A move above the 24,340.00 level is expected to encounter resistance in the 25,000.00 mark. Higher
The US Federal Reserve rate hike and subsequent comments about easier policy has caused a decline of the USD/CAD rate back to June levels. Moreover, the vital support of the 1.2800 mark was passed on Thursday morning. An extension of the ongoing decline of the US Dollar against the Canadian Dollar might look for support in the 1.2750 and 1.2700
The GBP/JPY currency pair appears to have reacted to the risk on sentiment, which was caused by the US Federal Reserve at 18:00 GMT on Wednesday. Namely, the Pound surged against the Japanese Yen and shortly reached above the 166.50 level. Afterwards, a decline back to the 164.50 level occurred. On Thursday morning, the pair was trading around the 165.00
The US Federal Reserve rate hike and the following press conference moved the AUD/USD rate to trade between the resistance of the 0.7000 mark and the support of the 0.6975/0.6980 zone. However, it was observed that the pair was managing to shortly reach above the 0.7000 level. If the Australian Dollar reaches above 0.7000, the 0.7040 and 0.7060 levels could act
Since the start of Wednesday's trading, the EUR/JPY currency exchange rate has been observed to respect the support and resistance of round exchange rate levels. Namely, the 138.00, 138.50, 139.00 and 139.50 levels were acting as either support or resistance. On Thursday morning, the pair was fluctuating between the 138.00 and 138.50 levels. A surge of the Euro against the
The parent company of Tata Motors, JLR, announced this week that it expects sales to increase, as the chip shortage eases.
The press conference of the Chairman of the Federal Reserve Jerome Powell caused a drop of the value of the US Dollar. The event resulted in a surge of the price for gold through the resistance of the 1,735.00/1,740.00 zone. On Thursday morning, the commodity was testing the resistance of the July high levels at 1,743.85/1,752.50. Economic Calendar Analysis Note that on Thursday,
On Wednesday, the value of the US Dollar plummeted despite the US Federal Funds Rate hike. The decline occurred due to comments made by the head of the Federal Reserve that they could ease the future policy of rate hikes. Due to that reason, the USD adjusted to the possible future of a smaller demand for the US currency. On the