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Biogen Inc provided successful results of experimental Alzheimer's drug. Hence, shares of Biogen gain more then 30% today after market opening. 16:40
The government of Ireland has announced that it would implement two new budgets, which are aimed at easing the consumer pain of rising living costs.
This week, the US Justice Department went to court against JetBlue Airways and American Airlines. The US officials intend to force the airlines to end a partnership.
The decline of the price for gold has reached the 1,615.00 level. The commodity price has been gradually declining from one round price level to another. In general, the situation remains unchanged. Economic Calendar Analysis On Friday, at 12:30 GMT the Core Personal Consumption Expenditure Price Index is bound to make an impact, as the head of the Federal Reserve Jerome Powell
The USD/JPY currency pair remained below the 144.70/145.00 zone up to the middle of Wednesday's European trading. Meanwhile, the support of the 50-hour SMA had caught up with the rate. In general, previous scenarios remained valid. Economic Calendar On Friday, at 12:30 GMT the Core Personal Consumption Expenditure Price Index is bound to make an impact, as the head of the Federal
On Wednesday morning, the GBP/USD currency pair found support in the weekly S1 simple pivot point at 1.0637. Meanwhile, it appeared that minor resistance was provided by the 50-hour simple moving average near 1.0740. Economic Calendar On Friday, at 12:30 GMT the Core Personal Consumption Expenditure Price Index is bound to make an impact, as the head of the Federal Reserve Jerome
The resistance of the 50-hour simple moving average was enough to force the EUR/USD into declining an reaching a new low level. On Wednesday morning, the pair touched the 0.9540 level. Economic Calendar Analysis On Friday, at 12:30 GMT the Core Personal Consumption Expenditure Price Index is bound to make an impact, as the head of the Federal Reserve Jerome Powell revealed
The decline of the price for gold has reached the 1,615.00 level. The commodity price has been gradually declining from one round price level to another. In general, the situation remains unchanged. A resumption of the decline of the metal's price might continue from one round price level to the next one until the 1,600.00 mark would be reached. In the meantime,
The auto producer Stellantis and Uber have announced that the two companies would create a partnership to focus on the electric vehicle market in France.
The USD/JPY currency pair remained below the 144.70/145.00 zone up to the middle of Wednesday's European trading. Meanwhile, the support of the 50-hour SMA had caught up with the rate. In general, previous scenarios remained valid. A move above the 145.00 level might result in the rate finding resistance in the 145.50 and 145.75 levels. However, it is currently unclear at
On Wednesday morning, the GBP/USD currency pair found support in the weekly S1 simple pivot point at 1.0637. Meanwhile, it appeared that minor resistance was provided by the 50-hour simple moving average near 1.0740. A decline of the GBP against the US Dollar below the weekly S1 simple pivot point at 1.0637 might look for support in the 1.0600 and 1.0500
The resistance of the 50-hour simple moving average was enough to force the EUR/USD into declining an reaching a new low level. On Wednesday morning, the pair touched the 0.9540 level. An extension of the ongoing decline of the Euro against the US Dollar might look for support in the 0.9500 and 0.9450 levels. Further below, note the weekly S2
The head of the World Trade Organization Ngozi Okonjo-Iweala has stated that it expects global trade forecasts for 2022 to be downwards revised.
The Chief Financial Officer of BMW Nicolas Peter has stated that the company expects to reach its 7.00%-9.00% margin target, as demand in China had recovered during the third quarter of the year.
The USD/CAD pair has encountered resistance in the 1.3800 level and support was provided by the 1.3650 level. In addition, the 1.3650 level was strengthened by the 50-hour simple moving average. Meanwhile, the rate was ignoring the weekly R1 simple pivot point at 1.3718. A move above 1.3800 could encounter resistance in the 1.3850 level and the weekly R2 simple pivot
In the aftermath of the Monday's GBP crash, the GBP/JPY currency pair has recovered. On Tuesday, the pair was trading almost flat at the 156.00 level. If the Pound recovers against the Yen, the rate might encounter resistance in the combination of the 158.00 level, the weekly simple pivot point at 158.39 and the 100-hour simple moving average. On the other
On Monday, the AUD/USD rate found support in the 0.6440 level and started a recovery. On Tuesday, the recovery encountered resistance in the form of the 50-hour simple moving average. The SMA pushed the rate down. A decline below the 0.6440 level might look for support at 0.6400 and the weekly S2 simple pivot point at 0.6362. Further below, note the
This week, the drop of the EUR/JPY eventually found support in the 137.50 level, before retracing to levels near 139.00. On Tuesday, the pair fluctuated in the 138.75/139.50 range. A move above 139.50 might encounter resistance in the 140.00, 140.50 and 141.00 levels. In addition, the weekly simple pivot point at 140.58 could stop a potential surge of the
On Monday, the Philippines government announced that it would shut down 175 offshore gambling companies and deport 40,000 Chinese workers.
The price for gold has booked a new low level, as it approached the 1,620.00 level during the late hours of Monday's trading. The level acted as support and caused a retracement of the price up to the 1,640.00 level. Economic Calendar Analysis This week, there are two times to look at the economic event calendar. On Tuesday, at 14:00 GMT, the
The recovery of the USD/JPY pair has reached the 144.70/145.00 zone, which had acted as resistance for most of September. Once the zone was broken last week, the Bank of Japan intervened in the market. Economic Calendar This week, there are two times to look at the economic event calendar. On Tuesday, at 14:00 GMT, the CB Consumer Confidence index could impact
Since encountering resistance in the form of the 1.0900 level up to mid-Tuesday, the GBP/USD pair had confirmed the weekly S1 simple pivot point at 1.0637 as support and recovered to the combined resistance of the 1.0800 level and the 50-hour simple moving average. Namely, the GBP/USD has not been this low for more than half a century. Economic Calendar This week, there
This week, a decline in demand for copper was attributed to copper prices reaching a two-month-low level.
The EUR/USD currency pair has revealed that it finds support in the 0.9600 level and resistance is provided by the 0.9700 mark. In the meantime, it was spotted on Tuesday morning that the pair was approached from above by the additional resistance of the 50-hour simple moving average. Economic Calendar Analysis This week, there are two times to look at the economic