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On Monday morning, the EUR/USD extended its decline, as the pair passed the support of the 100 and 200-hour simple moving averages near 1.0270 and 1.0230. By the middle of the day's European trading hours, the rate was below 1.0200. Economic Calendar Analysis On Wednesday, at 12:30 GMT the US Retail Sales and Core Retail Sales data is set to impact the
The price for gold started the week with a decline below the 1,785.00 level and the zone which captures last week's low levels, and the 200-hour simple moving average. By the middle of the day's European trading, the commodity price had reached the 1,775.00 level. A continuation of the decline of the price of gold could find support in the
The airline has announced that it had made an initial deal with Airbus about a purchase of 20 Airbus A330neo jets.
The USD/JPY currency pair has revealed that it is respecting the resistance of the 100-hour simple moving average and the support of the 50-hour SMA. On Monday morning, the pair traded near the 133.50 level. A move above the 100-hour simple moving average and the weekly simple pivot point at 133.57 could be stopped by the combination of the 200-hour
The Pound has been losing value, compared to the US Dollar, in a channel down pattern since bouncing off the 1.2250 level on Thursday. Buy the middle of Monday's European trading, the price had reached the 1.2050 level. A move below the 1.2050 level could look for support in the combination of the weekly S1 simple pivot point at 1.0227
On Monday morning, the EUR/USD extended its decline, as the pair passed the support of the 100 and 200-hour simple moving averages near 1.0270 and 1.0230. By the middle of the day's European trading hours, the rate was below 1.0200. A continuation of the decline of the Euro against the US Dollar, the pair might find support in the
Global stock markets started the week's trading with a decline, as various indices lost from 0.35% up to 0.55%.
Wizz Air has announced that the airline would resume its flights from United Arab Emirates to Russia starting from October.
July inflation in Mexico has been revealed to have hit the highest level observed since 2000.
A union of GlobalFoundries and Qualcomm has been revealed, as the companies have agreed to work together on doubling their combined chip manufacturing.
The Chief Executive Officer of AngloGold Ashanti Alberto Calderon has stated in a recent interview that he expects the company's cost inflation to decrease in 2023 to single digits from a peak of 13.00%.
For the first time in four months, in July, Japanese households had increased spending, as an increase of 1.5%, compared to June, has been reported.
The United Nations have reported that the global food price index has declined to 140.9, compared to 154.3 in June.
Due to the recent strike, the Scandinavian airline SAS has experienced a 32% decline in passenger volumes in July, compared to June.
Suzuki Motor has revealed that the company has not experienced a slowdown of demand for cars in either the Japanese or the Indian market.
Refinitiv has reported that during the prior week global investment and money market funds had experienced largest financial inflows since November 3 of 2021.
Pfizer has announced that the company would pay $68.50 per share to acquire Global Blood Therapeutics. The company intends to use the cash made from COVID-19 products to invest in other sectors.
The price for gold appears to be waiting for the US inflation data releases that are scheduled for this week on Wednesday at 12:30 GMT and Thursday at 12:30 GMT. During Tuesday's trading hours, the price of the commodity fluctuated around the 1,790.00 mark. Economic Calendar Analysis This week, the top event for all markets will be the US Consumer Price Index
This week, the USD/JPY pair is trading around 135.00, as it awaits the release of the US Consumer Price Index on Wednesday and the Producers Price Index on Thursday. Resistance is found in a zone at 135.50 and support is provided by the 134.50 level. Economic Calendar This week, the top event for all markets will be the US Consumer Price Index
The GBP/USD is trading around the 1.2100 mark, as it has begun to await for this week's fundamental events. The US CPI, PPI and UK GDP data releases are set to guide the exchange rate during the rest of the week. However, technical levels might act as short term resistance or support. Economic Calendar This week, the top event for all markets
On Tuesday morning, the EUR/USD ended its sideways trading around the 1.0200 mark with a surge. By 09:00 GMT, the rate had reached the 1.2050 mark. In the meantime, the markets were expecting the US Consumer Price Index release on Wednesday at 12:30 GMT. In general, it was expected that the whole financial markets will remain near previous levels until the
The price for gold appears to be waiting for the US inflation data releases that are scheduled for this week on Wednesday at 12:30 GMT and Thursday at 12:30 GMT. During Tuesday's trading hours, the price of the commodity fluctuated around the 1,790.00 mark. A move above 1,790.00 could encounter resistance in the last week's high at 1,795.00, prior to reaching
This week, the USD/JPY pair is trading around 135.00, as it awaits the release of the US Consumer Price Index on Wednesday and the Producers Price Index on Thursday. Resistance is found in a zone at 135.50 and support is provided by the 134.50 level. A surge of the USD against the Japanese Yen would have to pass the 135.50 level,
The GBP/USD is trading around the 1.2100 mark, as it has begun to await for this week's fundamental events. The US CPI, PPI and UK GDP data releases are set to guide the exchange rate during the rest of the week. However, technical levels might act as short term resistance or support. A move of the pair upwards might encounter resistance