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On Wednesday, the price for gold passed below the 1,640.00 level's support. By the middle of the day, the pair had reached the 1,630.00 level. Economic Calendar Analysis This week, there is only one notable scheduled event, which could impact the US Dollar and the financial markets. On Thursday, a minor move could occur due to the Philadelphia Federal Reserve Manufacturing Index
Due to an unknown reason on Tuesday, the USD/JPY pair dipped down to 148.15. It could be possible that the Bank of Japan made another attempt to intervene in the forex market. However, an hour later the rate was back above 149.00. On Wednesday, the surge continued, as by mid-day the rate was at 149.75. Economic Calendar This week, there is only
The GBP/USD pair reached below the support of the channel up pattern, which afterwards turned into resistance. Once the pair approached the combined resistance of the 1.1350 level and the trend line, a decline started. At 06:00 GMT the decline increased due to the publication of the UK Consumer Price Index. It was revealed that year-on-year basis inflation in September
On Wednesday, the EUR/USD declined below the support levels near 0.9800 and reached the 0.9760 level. During the second part of the day the pair fluctuated between the 0.9760 and 0.9800 levels. Economic Calendar Analysis This week, there is only one notable scheduled event, which could impact the US Dollar and the financial markets. On Thursday, a minor move could occur due
On Wednesday, the price for gold passed below the 1,640.00 level's support. By the middle of the day, the pair had reached the 1,630.00 level. An extension of the decline might look for support in round price levels, prior to reaching the September low levels near 1,615.00. On the other hand, a recovery of the commodity price would face resistance in
Due to an unknown reason on Tuesday, the USD/JPY pair dipped down to 148.15. It could be possible that the Bank of Japan made another attempt to intervene in the forex market. However, an hour later the rate was back above 149.00. On Wednesday, the surge continued, as by mid-day the rate was at 149.75. The pair faces no resistance to
The GBP/USD pair reached below the support of the channel up pattern, which afterwards turned into resistance. Once the pair approached the combined resistance of the 1.1350 level and the trend line, a decline started. At 06:00 GMT the decline increased due to the publication of the UK Consumer Price Index. It was revealed that year-on-year basis inflation in September in
On Wednesday, the EUR/USD declined below the support levels near 0.9800 and reached the 0.9760 level. During the second part of the day the pair fluctuated between the 0.9760 and 0.9800 levels. A move above 0.9800 could encounter resistance in the 50-hour simple moving average near 0.9840. Higher above, note the Monday's and Tuesday's high levels at 0.9865/0.9875. Afterwards, the
The Pound's value was steadily declining on October 19 morning, as at 06:00 GMT the UK Consumer Price Inflation data was published. It was revealed that year-on-year basis inflation in September in the United Kingdom had reached 10.10%. The markets expected inflation to be at 10.00%. The GBP/USD reacted to the news with a 33 base point or 0.29%
The stock price of Netflix surged more than 15.00% during the first 30 minutes of the day's US trading due to better than expected quarterly earnings report. The company reported earnings per share of $3.10 instead of market expected $2.14. Meanwhile, the company's total revenue increased by only 1.12%.
The United Arab Emirates have announced that the recent OPEC+ output cut was a correct and not politically based decision.
The stock price of Netflix surged more than 15.00% during the first 30 minutes of the day's US trading due to better than expected quarterly earnings report. The company reported earnings per share of $3.10 instead of market expected $2.14. Meanwhile, the company's total revenue increased by only 1.12%.
In October German investor morale had unexpectedly recovered, as the ZEW economic sentiment index improved to -59.2 from -61.9 in September.
The Chinese Sinopec Corporation has revealed that it had struck a new high yield gas field in the Sichuan basin, which amounts to a total of 258,600 cubic meters.
The Korean carmakers Hyundai and Kia have announced that they have included in their third quarter reports provisions amounting to a total of $2 billion.
The largest Chinese electric vehicle maker BYD has announced that its third quarter profits had most likely quadrupled, as it had successfully increased its lead over Tesla.
The statistics bureau of China has delayed the release of the country's third quarter gross domestic product and other economic data.
The Wall Street Journal has revealed that Goldman Sachs intends to overhaul its business by combining its trading and investment banking units.
The French car manufacturer Renault has announced that it expects electric vehicles and hybrids to make up 40% of its brand sales in 2022.
Despite attempting to recover at mid-day on Monday, the price for gold has returned to trade near the 1,650.00 level. On Tuesday morning, the pair attempted a recovery and failed due to the resistance of the 100-hour SMA and the 1,660.00 level. Economic Calendar Analysis This week, there is only one notable scheduled event, which could impact the US Dollar and the
The USD/JPY has reached not only above the 148.85 level, but also the 149.00 mark. Economic Calendar This week, there is only one notable scheduled event, which could impact the US Dollar and the financial markets. On Thursday, a minor move could occur due to the Philadelphia Federal Reserve Manufacturing Index release at 12:30 GMT. Hourly Chart On Tuesday morning, the pair
On Thursday, the GBP/USD currency pair reached above the 1.1400 mark and almost reached the 1.1450 level. However, before reaching the 1.1450 level, the GBP started a decline against the USD. During the early hours of Tuesday's trading, the pair as finding support in the 1.1300 level. Meanwhile, it was spotted that the rate has been surging in a channel
The EUR/USD broke the resistance of the 0.9800 level on Monday. By the middle of Tuesday's trading, a follow up surge had reached above the 0.9850 level. Economic Calendar Analysis This week, there is only one notable scheduled event, which could impact the US Dollar and the financial markets. On Thursday, a minor move could occur due to the Philadelphia Federal Reserve
Despite attempting to recover at mid-day on Monday, the price for gold has returned to trade near the 1,650.00 level. On Tuesday morning, the pair attempted a recovery and failed due to the resistance of the 100-hour SMA and the 1,660.00 level. A resumption of the price recovery could encounter resistance in the 100-hour simple moving averages near 1,660.00. Higher