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The White House has revealed that in an effort to reduce inequality the administration might increase the minimum federal wage.
Tencent announced this week that the company would block Chinese gamers from accessing unapproved foreign games.
During this week, most moves in crude oil prices were attributed to news about supplies being cut from Russia and a demand decrease due to the upcoming Easter holidays.
On Thursday, Volkswagen revealed that its profits had risen in the first quarter of 2022. However, the company commented that future profits might be impacted by the war in Ukraine.
This week, Shanghai reported that the city had reached a new benchmark of new coronavirus cases, as new cases reached above 27,000 on Thursday.
On Wednesday, MasterCard and Nexo announced that they would release a crypto-backed payment card.
Since mid-Tuesday, the price for gold has fluctuated between a support zone at 1,965.70/1,970.00 and resistance at 1,978.50/1,982.00. Meanwhile, the 50-hour simple moving average had caught up to the price. However, the SMA did not provide either support or resistance. Economic Calendar Analysis XAU/USD short-term forecast If the commodity price reaches above 1,982.00 and continues to surge, it might eventually reach the
The resistance of the 126.15/126.30 zone was enough to cause a decline, which eventually passed below the trend line, which connects the pair's April low levels. Namely, the trend lie guided the pair up. On Thursday, the rate was looking for support near the 125.20 level, where various technical levels were located. Economic Calendar Hourly Chart If the US Dollar starts a recovery
On Wednesday, the GBP/USD eventually broke resistance levels against the US Dollar. By the middle of Thursday's trading hours, the rate had reached and bounced off the resistance of the 1.3150 mark. Afterwards, a decline started, which was heading to the cluster of technical levels at 1.3040/1.3060. The zone was made up of previous high levels, the weekly simple pivot point
On April 14, the European Central Bank kept its base rates in the negative zone and revealed that it would end asset purchases only in the third quarter of 2022. The news indicate that the rampant inflation in the European Union is set to continue, and the value of the Euro is going to decline. The news caused a drop of
Since mid-Tuesday, the price for gold has fluctuated between a support zone at 1,965.70/1,970.00 and resistance at 1,978.50/1,982.00. Meanwhile, the 50-hour simple moving average had caught up to the price. However, the SMA did not provide either support and resistance. If the commodity price reaches above 1,982.00 and continues to surge, it might eventually reach the 2,000.00 mark. Note that round
The resistance of the 126.15/126.30 zone was enough to cause a decline, which eventually passed below the trend line, which connects the pair's April low levels. Namely, the trend lie guided the pair up. On Thursday, the rate was looking for support near the 125.20 level, where various technical levels were located. If the US Dollar starts a recovery
On Wednesday, the GBP/USD eventually broke resistance levels against the US Dollar. By the middle of Thursday's trading hours, the rate had reached and bounced off the resistance of the 1.3150 mark. Afterwards, a decline started, which was heading to the cluster of technical levels at 1.3040/1.3060. The zone was made up of previous high levels, the weekly simple pivot
On April 14, the European Central Bank kept its base rates in the negative zone and revealed that it would end asset purchases only in the third quarter of 2022. The news indicate that the rampant inflation in the European Union is set to continue, and the value of the Euro is going to decline. The news caused a drop
This week, Reuters published a report, which indicated that the Chinese COVID-19 lock-downs are bound to further deteriorate the global supply chains.
On April 14, the European Central Bank kept its base rates in the negative zone and revealed that it would end asset purchases only in the third quarter of 2022. The news indicate that the rampant inflation in the European Union is set to continue, and the value of the Euro is going to decline. Quoting the statement: "Inflation has increased significantly
Bloomberg news revealed this week that Chinese anti-corruption agents were investigating Jack Ma's Ant Group's connections to state owned companies.
At 11:45 GMT, the European Central Bank kept its base rates in the negative zone and revealed that it would end asset purchases only in the third quarter of 2022. The EUR/USD plummeted more than 50 base points or 0.50% in less than ten minutes.
On Wednesday, US mortgage rates increased above 5.00%, as real estate buyers appeared to be rushing to lock in rates before further rises.
Since the last review that was conducted on March 15, the France top 40 stock index has been trading between the support zone at 6,387.00/6,470.00 and resistance at 6,787.00/6,830.00. In the meantime, by April 14 the index appeared to be ignoring the 23.60% Fibonacci retracement level at 6,707.80 and the 50-day simple moving average near 6,625.00. A potential surge of the
Since the low level was booked in the middle of March, the Chinese top 50 stock index has been testing the resistance of the 13,940.00/14,140.00 zone. On April 14, the 50-day simple moving average was approaching the resistance zone from above. In the meantime, the higher low levels, which have been acting as support are marked at 13,200.00 and
Data released this week revealed that imports into China had declined during March due to the Covid lock-downs in major industrial and shipping centres.
In general, the Bank of Canada hiked interest rates, increasing the demand for the Canadian Dollar in Canada, as all financial transactions using the interest rate now need additional 0.50%. On the USD/CAD charts it resulted in a move below the support zone at 1.2562/1.2566 and the 200-hour simple moving average. On Thursday, the pair was confirming the zone as
During Thursday's trading hours, the price for Natural Gas reached levels not seen since 2008, as the price traded above the 0.7110 level.