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The final data for the first quarter of 2022 has revealed that the US economy has decreased by in size by 1.6%.
This week, FedEx revealed that the company expects its profit margin to increase to 12% by 2025.
On Wednesday, the Bank of America revealed that despite the ongoing stock decline during the first six months of 2022 the markets have experienced a $193 billion net inflow.
As the yellow metal's price shortly reached below the 1,815.00 mark, the price became highly volatile. Namely, during the mid-day hours of Wednesday, the price was highly volatile between 1,812.00 and 1,833.00. Economic Calendar Analysis The pair might react to the Thursday's release of the US Core PCE Price Index at 12:30 GMT. On Friday, note the US ISM Manufacturing PMI at
This week, Mercedes announced that the company would open new production plants for the production of electric vehicles.
At mid-day on Wednesday, the USD/JPY currency pair reached above the previous June high levels at 136.60/136.70. Economic Calendar The pair might react to the Thursday's release of the US Core PCE Price Index at 12:30 GMT. On Friday, note the US ISM Manufacturing PMI at 14:00 GMT. Hourly Chart Next target for the surge could be the 137.00 mark, which might act
The GBP/USD currency pair has passed below the support of the weekly S1 simple pivot point at 1.2174 and the previous week's low level zone at 1.2160/1.2170. Economic Calendar The pair might react to the Thursday's release of the US Core PCE Price Index at 12:30 GMT. On Friday, note the US ISM Manufacturing PMI at 14:00 GMT. GBP/USD short-term review A continuation of
The resistance zone at 1.0600/1.0607 held and the EUR/USD eventually passed below various support levels. During the early hours of Wednesday's trading, the pair had shortly traded below the 1.0500 mark. Meanwhile, resistance was found in the combination of the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point at 1.0542. Economic Calendar Analysis The pair might react
As the yellow metal's price shortly reached below the 1,815.00 mark, the price became highly volatile. Namely, during the mid-day hours of Wednesday, the price was highly volatile between 1,812.00 and 1,833.00. If the price continues to decline, it might look for support in the 1,805.00/1,809.00 zone, prior to reaching the 1,800.00 mark. On the other hand, a surge of the commodity
At mid-day on Wednesday, the USD/JPY currency pair reached above the previous June high levels at 136.60/136.70. Next target for the surge could be the 137.00 mark, which might act as resistance. However, a potential retracement back down might look for support in the 136.60/136.70 zone and the weekly R1 simple pivot point at 136.50.
The GBP/USD currency pair has passed below the support of the weekly S1 simple pivot point at 1.2174 and the previous week's low level zone at 1.2160/1.2170. A continuation of the decline of the Pound against the US Dollar might look for support in the 1.2150 and 1.2100 levels, before reaching the weekly S2 simple pivot point at 1.2085. Meanwhile, a
The resistance zone at 1.0600/1.0607 held and the EUR/USD eventually passed below various support levels. During the early hours of Wednesday's trading, the pair had shortly traded below the 1.0500 mark. Meanwhile, resistance was found in the combination of the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point at 1.0542. If the rate passes above
The head of the World Bank announced on Wednesday that it doubts that the global economy could avoid a recession.
It was revealed on Tuesday that Warren Buffet's Berkshire had acquired additional shares of Occidental and increased its stake in the company to more than 16.00%.
Nissan has announced that the company would pause its production in Russia for a period of six months.
This week, the European Central Bank is hosting its annual central bank forum in Sintra, Portugal. Market participants look forward to clues on future monetary policy.
The bounce off from the resistance of the descending trend line eventually reached the last week's low level zone at 1,816.90/1,823.50. Economic Calendar Analysis On Wednesday, note the Final US Quarterly GDP data. The data release might cause minor reactions on the chart. Later on the same day, at 13:00 GMT, the heads of the ECB, Bank of England and the Fed are
On Tuesday morning, the USD/JPY currency pair managed to reach above the resistance levels that surround the 135.50 level. By the middle of the day's European trading hours, the rate was heading to the weekly R1 simple pivot point at 136.49, the 136.50 mark and the June 21 and 22 high level zone at 136.60/136.70. Economic Calendar On Wednesday, note the Final
Despite reaching above the 1.2300 mark, the GBP/USD found resistance in a recent high level zone at 1.2315/1.2330. Meanwhile, support is being found in the 200-hour simple moving average and the weekly simple pivot point at the 1.2250 mark. Economic Calendar On Wednesday, note the Final US Quarterly GDP data. The data release might cause minor reactions on the chart. Later on the
At mid-day on Monday, the EUR/USD reached above the 1.0600/1.0607 zone. However, resistance was immediately encountered in the weekly R1 simple pivot point at 1.0616. During the first half of Tuesday's trading hours, the pair was fluctuating below the 1.0600 mark and the 1.0570 level. Meanwhile, the pair was being approached by the support of the 50-hour simple moving average. Economic
The bounce off from the resistance of the descending trend line eventually reached the last week's low level zone at 1,816.90/1,823.50. If the support levels hold, a potential recovery of the commodity price might occur. A move higher could encounter resistance in the combination of the 1,830.00 level and the 50 and 100-hour simple moving averages. Higher above, note the descending
On Tuesday morning, the USD/JPY currency pair managed to reach above the resistance levels that surround the 135.50 level. By the middle of the day's European trading hours, the rate was heading to the weekly R1 simple pivot point at 136.49, the 136.50 mark and the June 21 and 22 high level zone at 136.60/136.70. If the pair reaches above the
Despite reaching above the 1.2300 mark, the GBP/USD found resistance in a recent high level zone at 1.2315/1.2330. Meanwhile, support is being found in the 200-hour simple moving average and the weekly simple pivot point at the 1.2250 mark. A move above the resistance zone might be stopped by the weekly R1 simple pivot point at 1.2337. Higher above, note the
The Swiss Federal Crime Court has convicted Credit Suisse for failing to prevent money-laundering, as a former employee did not prevent a cocaine trafficking gang of laundering its profits.