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As the total car sales have declined in Europe, the electric car registration had increased to 9.9% of the total registered new cars.
During the second part of Wednesday's trading hours, the price for gold declined below the 1,697.40/1,700.70 zone. During the first half of Thursday's trading, the price was steadily declining, as by 09:00 GMT the 1,685.00 level was reached. Economic Calendar Analysis On Friday, take into account the US Markit Services and Manufacturing Purchasing Managers Index release at 13:45 GMT. The rate might
During the early hours of Thursday's European trading, the USD/JPY currency pair reached above the 138.50 mark, as it continued its recovery that was started on Tuesday. Economic Calendar On Friday, take into account the US Markit Services and Manufacturing Purchasing Managers Index release at 13:45 GMT. The rate might be impacted through the USD value reacting to the publication. Hourly Chart The
The resistance zone, which is located near the 1.2050 mark, has held and caused a decline to the range at 1.1960/1.1970 and the 2019 low level. However, during the early hours of Thursday's European trading hours the rate appeared to be passing below the support zone. Economic Calendar On Friday, the pair might react to the publication of the UK monthly retail
The carmaker Volvo has announced that the company expects flat or even lower retail sector sales in 2022.
The resistance of the 1.2070/1.2080 zone managed to hold and cause a decline, which eventually resulted in the EUR/USD declining below the 1.0200 mark. Economic Calendar Analysis This week, the EUR/USD is set to react to the European Central Bank Monetary Policy Statement release on July 21, Thursday, at 12:15 GMT. On Friday, the pair might react to two data releases. First
During the second part of Wednesday's trading hours, the price for gold declined below the 1,697.40/1,700.70 zone. During the first half of Thursday's trading, the price was steadily declining, as by 09:00 GMT the 1,685.00 level was reached. In the case of the commodity price continuing to decline, gold could eventually reach the 2021 low level at 1,670.50. However, take into
During the early hours of Thursday's European trading, the USD/JPY currency pair reached above the 138.50 mark, as it continued its recovery that was started on Tuesday. The next target for the recovery might be the 139.00 level. Above the round exchange rate level note the 2022 high level zone at 139.35/139.38. However, a possible decline of the US Dollar against the
The resistance zone, which is located near the 1.2050 mark, has held and caused a decline to the range at 1.1960/1.1970 and the 2019 low level. However, during the early hours of Thursday's European trading hours the rate appeared to be passing below the support zone. A potential extension of the decline of the Pound against the US Dollar might look
The stock price of Carnival Cruises has suffered a major decline, as during European trading hours on the London stock exchange the stock price plummeted 5.80%. The decline was caused by the management of the company announcing a new share issue.
The stock price of Carnival Cruises has suffered a major drop, as during European trading hours on the London stock exchange the stock price plummeted 5.80%. The decline was caused by the management of the company announcing a new share issue. Namely, the company is raising cash to cover its liabilities each time the stock price surges by issuing
The resistance of the 1.2070/1.2080 zone managed to hold and cause a decline, which eventually resulted in the EUR/USD declining below the 1.0200 mark. In general, on Thursday, technical analysis is set to be worthless, as today at 12:15 GMT the European Central Bank is set to hike its base interest rate and make a monetary policy statement. The
Armani has revealed that in the first half of 2022 the company's revenues had increased by 20.00%, as sales had increased above 2019 levels.
A German consumer group has filed a lawsuit against Tesla due to concerns over misleading CO2 ads and failure at data protection.
As a Spanish workers union gave its approval, the German carmakers Mercedes Benz has announced that it would invest 1.2 billion in an expansion of the company's plant in Vitoria.
During early July the German top 40 stock index looked for and eventually found support in the March 2022 low level zone at 12,430.00/12,475.00. During mid-July the stocks recovered and by July 20, the index was testing the resistance of the 13,280.00/13,460.00 zone, which marks the late 2020 highs and 2021 low levels. In addition, resistance was provided by the
AB Volvo revealed on Tuesday that the company had made higher than forecast profits, as demand for the company's trucks increased.
On June 14, the price for light crude oil broke the ascending wedge pattern, which guided the price since late April. Afterwards, a decline occurred, which took the form of a descending channel pattern. During mid-July trading, the commodity price pierced the low level zone at 93.20/95.80 and traded at levels not seen since February. If the price continues to
The US Dollar has continued to decline against the Canadian Dollar. However, the pair has not plummeted by a lot, as the 1.2850 level is still acting as support. Meanwhile, resistance is provided by the weekly S1 simple pivot point at 1.2898 and the 1.2900 mark. An extension of the ongoing decline would have to pass the 1.2850 level, before reaching
On Tuesday, the support of the 50-hour simple moving average was enough to cause a surge of the GBP/JPY above the previous high level, as the rate touched the 166.25 level. During early Wednesday's trading, the currency pair had remained near 166.00. Meanwhile, the 50-hour simple moving average was approaching the rate from below. In the case of the moving
Since Tuesday, the AUD/USD currency pair has managed to reach above the 0.6900 level and shortly traded above 0.6920. In general, the pair has moved only slightly, which has resulted in the previous forecasts remaining intact. If the recovery of the Australian Dollar continues, the currency pair could encounter resistance in the weekly R2 simple pivot point at 0.6948 and the
During the first part of Wednesday's European trading hours, the EUR/JPY broke the resistance of the weekly R2 simple pivot point at 141.73 and almost reached the 142.00 mark. However, prior to properly touching the round exchange rate level, the pair bounced off the 141.94 level and declined below 141.50. If the Euro resumes its recovery against the Japanese Yen,
The world's largest lock maker Assa Abloy has reported that it had beat its second quarter earnings expectations, as sales had grown in the US and Europe.
Throughout this week, the price for gold has continued to trade near the 1,710.00 level throughout this week. The future scenario forecasts remain unchanged. Economic Calendar Analysis On Friday, take into account the US Markit Services and Manufacturing Purchasing Managers Index release at 13:45 GMT. The rate might be impacted through the USD value reacting to the publication. XAU/USD short-term forecast In the