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Abercrombie & Fitch has announced that it would cut its 2022 margin and sales forecasts due to a recent surprise quarterly loss, which was attributed to rising inflation.
The price for Natural Gas recently reached above the previous 2022 high level zone above 9.50 and reached the 10.00 mark, which has acted as resistance. Meanwhile, it has been spotted that the commodity price has been surging in a channel up pattern. A potential decline of the commodity price is expected to look for support in the 9.00 mark
The recovery of the United Kingdom top 100 stocks continued into August. However, it ended on August 18 when the index bounced off the 7,550.00/7,580.00 zone. Afterwards, short term support was found in the 200-day simple moving average, before the rate passed below it. On August 29, the index was finding support in the 50-day SMA near 7,360.00. An extension
At mid-day on Monday, the USD/CAD pair bounced off the 1.3060/1.3075 zone that captures the August high levels of the rate. By 13:00 GMT, the rate was heading down to the 1.3000 level, which was being strengthened by the weekly simple pivot point at 1.2996. In addition, the 50, 100 and 200-hour simple moving averages were approaching the round exchange
In the aftermath of the Jackson Hole symposium, the GBP/JPY currency pair has managed to surge above the 162.00 level. At mid-day on Monday, the rate reached above 162.00 and appeared to be heading to the 162.50 level and the weekly R1 simple pivot point at 162.61. In the case of a surge above 162.60, the rate could encounter resistance
Tesla has announced that the state of California should mandate new vehicles sold starting from 2035 to be electric or plug-in hybrids.
On Monday morning, the AUD/USD currency pair passed below the support of the 0.6855/0.6860 zone. However, it was observed that the 0.6840 level had stopped the broad decline, which started on Friday, and a recovery was taking place. In the case of a recovery of the Australian Dollar against the US Dollar the pair could encounter resistance first in the 0.6900
On Friday, the EUR/JPY currency pair found support in the 200-hour simple moving average and started a surge. By the middle of Monday's European trading hours, the rate had reached the resistance of the weekly R1 simple pivot point at 138.34 and the August high level at 138.45. A move above the August high level and the 138.50 level could
The Friday's Jackson Hole central banker meeting has added more force to the ongoing decline of the price for gold. On Monday morning, as the markets opened, the price reached the 1,720.00 level, which appeared to be acting as support. Economic Calendar Analysis This week, on Tuesday the release of the US CB Consumer Confidence and JOLTS Job Openings data at 14:00
The speech of the Chairman of the US Federal Reserve Jerome Powell on Friday initially caused a drop of the USD/JPY rate, before a broad surge of the USD started. On the USD/JPY charts the initial drop reached the 200-hour simple moving average near 136.20. By the middle of Monday's European trading hours, the pair had surged to the 139.00
In the aftermath of the Jackson Hole symposium of central bankers, the GBP/USD currency pair declined. On Monday morning, the rate had reached the 1.1650 level, which acted as support. Economic Calendar This week, on Tuesday the release of the US CB Consumer Confidence and JOLTS Job Openings data at 14:00 GMT might impact the financial markets through the value of the
The Friday's central banker meeting in Jackson Hole impacted the EUR/USD currency pair in the form of a spike up, which almost touched the 1.0100 level. However, the move was followed by a decline. By the middle of Monday's trading, the pair had reached the 0.9900/0.9915 support zone. Economic Calendar Analysis This week, on Tuesday the release of the US CB Consumer
The Wall Street giant Citigroup has revealed that it would close down its commercial and consumer banking business in Russia.
The Friday's Jackson Hole central banker meeting has added more force to the ongoing decline of the price for gold. On Monday morning, as the markets opened, the price reached the 1,720.00 level, which appeared to be acting as support. A passing below 1,720.00 might look for support in the 1,710.00/1,715.00 zone. The zone captures the late July low levels. Further
The speech of the Chairman of the US Federal Reserve Jerome Powell on Friday initially caused a drop of the USD/JPY rate, before a broad surge of the USD started. On the USD/JPY charts the initial drop reached the 200-hour simple moving average near 136.20. By the middle of Monday's European trading hours, the pair had surged to the 139.00
In the aftermath of the Jackson Hole symposium of central bankers, the GBP/USD currency pair declined. On Monday morning, the rate had reached the 1.1650 level, which acted as support. An extension of the decline of the Pound against the US Dollar might look for support in the weekly S2 simple pivot point at 1.1601 and the 1.1600 mark. Further
The Friday's central banker meeting in Jackson Hole impacted the EUR/USD currency pair in the form of a spike up, which almost touched the 1.0100 level. However, the move was followed by a decline. By the middle of Monday's trading, the pair had reached the 0.9900/0.9915 support zone. If the pair declines below 0.9900, the weekly S1 simple pivot point
The Electric Reliability Council of Texas has revealed that it had experienced new demand records this summer 11 times. However, no blackouts have been experienced.
It has been revealed that in August business sentiment in Germany had declined. However, the decline had been less than expected by financial market forecasters.
The Thai lender SCBX has announced that it would stop its $500 million acquisition of the crypto exchange Bitkub.
Honda Motor Company revealed this week that the company would decrease its output in Japan by up to 40% due to disruption of supply.
Bank of Japan Board Member Toyoaki Nakamura has revealed that the central bank would continue on with its ultra-easy monetary policy, despite the decline of the Japanese Yen.
The European Central Bank President Lagarde commented this week that climate change has had an impact on the ongoing global high inflation.
The Chinese government has advised farmers to replant or switch their crops due to the subsiding of a record heatwave.