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The US steel maker Cleveland-Cliffs has announced the buyout of Canadian competitor Stelco Holdings in a deal worth $2.5 billion.
Competition regulators of France have revealed that they are investigating NVidia over anti-competitive practices.
In the second quarter of 2024, the global smartphone market has increased by 6.5%. The increase has been led by Samsung and Apple.
The price for gold found enough support in the 2,350.00 to start a recovery. Afterwards, the price for Gold gained additional strength from the US CPI. By Monday, July 15, the commodity price was heading to the 2,450.00 level which mark's the all-time-high. Economic Calendar Analysis On Tuesday, watch the publication of the US Retail Sales at 12:30 GMT. The markets
The USD/JPY broke out of the triangle pattern and started a surge that was eventually approaching the 162.00 level. As the pair approached the 162.00 mark, the US CPI release caused a major drop of the US Dollar. On the USD/JPY charts, the event resulted in a decline to the 157.30/157.40 range that has turned into support. Afterwards, an attempted recovery
The last week's breaking of the 1.2800/1.2820 range has been followed up by a surge to the 1.3000 mark. The 1.3000 is acting as resistance and keeping the GBP/USD down. Economic Calendar On Tuesday, watch the publication of the US Retail Sales at 12:30 GMT. The markets could move due to an adjustment in the USD value. GBP/USD hourly chart analysis The approaching
The bullish scenario has taken place on the EUR/USD charts, as the pair broke above 1.0850 and confirmed this level as support. By July 15, the rate had reached above 1.0900 level and was testing the resistance of the 1.0920 level. Economic Calendar Analysis On Tuesday, watch the publication of the US Retail Sales at 12:30 GMT. The markets could move due
The European aerospace firms Airbus and Thales are considering a tie-up in space activates in an effort to compete with new market participants.
The price for gold found enough support in the 2,350.00 to start a recovery. Afterwards, the price for Gold gained additional strength from the US CPI. By Monday, July 15, the commodity price was heading to the 2,450.00 level which mark's the all-time-high. A move above the 2,450.00 is expected to be slowed down by round price levels until the
The USD/JPY broke out of the triangle pattern and started a surge that was eventually approaching the 162.00 level. As the pair approached the 162.00 mark, the US CPI release caused a major drop of the US Dollar. On the USD/JPY charts, the event resulted in a decline to the 157.30/157.40 range that has turned into support. Afterwards, an
The last week's breaking of the 1.2800/1.2820 range has been followed up by a surge to the 1.3000 mark. The 1.3000 is acting as resistance and keeping the GBP/USD down. The approaching 50-hour simple moving average might provide the needed support for the rate to move above 1.3000. Above the 1.3000, resistance might be encountered in the weekly R1
The bullish scenario has taken place on the EUR/USD charts, as the pair broke above 1.0850 and confirmed this level as support. By July 15, the rate had reached above 1.0900 level and was testing the resistance of the 1.0920 level. A move higher could be slowed by the combination of the weekly R1 simple pivot point at 1.0945 and
The global markets were recovering on Monday, as the head of the US Federal Reserve was set to deliver opening remarks at the Economic Club of Washington DC.
Results of a Reuters poll have revealed that market analysts expect inflation in India to rise due to soaring prices for vegetables.
The Handelsblatt has reported that business insolvencies in Germany in the first half of 2024 have increased by 41%, compared to the first half of 2023.
Exports from Taiwan have topped market expectations, as AI demand has caused an increase of exports of 23.5% in June, compared to June of last year.
The Federal Aviation Administration has announced the inspection of 2,600 Boeing airplanes for a potential issue with oxygen masks.
Reuters has revealed that the investment fund KKR has decided to reduce its stake in the chip tool producer Kokusai Electric.
Walt Disney has revealed plans to launch an additional cruise ship that would sail from Japan starting in 2028.
Vodafone and Meta have worked together on improving video delivery without impacting quality, which has resulted in major freeing up of capacity on 11 European networks.
The American-French-Italian car producer Stellantis has revealed that it would expand its hybrid line up in Europe to 36 models by the year of 2026.
At 12:30 GMT, the Bureau of Labor Statistics revealed newest inflation data regarding United States. Consumer Price index is below the expected CPI numbers forecast.
The US airline Boeing has started talks with the US Defense Department in regards to the potential impact of the firm pleading guilty in the recent public trial.
The German car maker Porsche has announced this week that the firm has delivered less cars in 2023. The decline has occurred due to a 33% annual drop of sales in China.