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The surge of the price for gold face the resistance of the 2,070.00 level. However, most recently, the 50-hour simple moving average has been pushing the commodity up and could cause a breaking of the resistance. Economic Calendar Analysis There are no notable events scheduled for this week. XAU/USD short-term forecast In the case of a surge above 2,070.00, the 2,075.00 and
The USD/JPY kept respecting the resistance of the 50-hour simple moving average during early trading of the week. However, the SMA eventually broke and turned into support. Economic Calendar There are no notable events scheduled to occur this week. USD/JPY hourly chart analysis The 50-hour SMA could push the rate up into testing the resistance of the weekly simple pivot point at 143.23, before
It has been spotted that since late Friday's trading, the GBP/USD currency pair has been finding support in the 50 and 100-hour simple moving averages. Meanwhile, on Wednesday the 200-hour SMA caught up to the pair from below. Economic Calendar There are no notable events scheduled for the holiday week. GBP/USD hourly chart analysis In the case of the moving averages pushing the rate
The EUR/USD currency pair has reached a new high level, as the 1.1008/1.1017 has provided support and caused a move above 1.1050. Economic Calendar Analysis There are no notable events scheduled during the holiday week. EUR/USD hourly chart analysis An extension of the ongoing surge might be slowed down by the 1.1100 mark, before the pair approaches the weekly R2 simple pivot point at
The surge of the price for gold face the resistance of the 2,070.00 level. However, most recently, the 50-hour simple moving average has been pushing the commodity up and could cause a breaking of the resistance. In the case of a surge above 2,070.00, the 2,075.00 and 2,090.00 levels could slow down the commodity price, before the 2,100.00 would be
The USD/JPY kept respecting the resistance of the 50-hour simple moving average during early trading of the week. However, the SMA eventually broke and turned into support. The 50-hour SMA could push the rate up into testing the resistance of the weekly simple pivot point at 143.23, before the rate once again tests the 144.30/145.00 range. In the meantime,
It has been spotted that since late Friday's trading, the GBP/USD currency pair has been finding support in the 50 and 100-hour simple moving averages. Meanwhile, on Wednesday the 200-hour SMA caught up to the pair from below. In the case of the moving averages pushing the rate up, it could encounter resistance in the 1.2780/1.2795 range, the 1.2800 mark
The EUR/USD currency pair has reached a new high level, as the 1.1008/1.1017 has provided support and caused a move above 1.1050. An extension of the ongoing surge might be slowed down by the 1.1100 mark, before the pair approaches the weekly R2 simple pivot point at 1.1149 and the 1.1150 level. On the other hand, a decline of the Euro
The government of Israel has granted Intel $3.2 billion for the creation of a new chip plant. The total costs of the plant amount to $25 billion.
During Wednesday's trading, European and Chinese stock indices surged, as gains were attributes to global interest rate cut expectations.
The South Korean electronics giant Samsung has announced that it would invest $280 million in a new facility in Japan that would research new chip packaging.
Due to a potential airbag issues, Toyota has announced the recall of 1.12 million cars that have been produced from 2022 up to 2022.
Dear Dukascopy clients, note that the requirements for equity are bound to change during the weekend. Please, adjust your positions accordingly to avoid unexpected margin calls. Maximum available leverage for the weekends and other market closure days is set to 1:30 (1:60 for accounts with maximum leverage of 1:200). The purpose of this policy is to mitigate risks caused by potential
The Wall Street Journal has reported that the United States administration has been evaluating additional tariffs on Chinese produced electric vehicles. The spread of the news is bound to impact the price of Tesla stock.
The news of a safety scandal at Daihatsu and a major vehicle recall have caused a decline of the stock price of Toyota.
Due to high demand for cybersecurity services the Canadian firm BlackBerry has reported higher than expected quarterly earnings results.
Reuters has published a report indicating that most of global banks no longer expect a recession in the United States in 2024.
Pilots of Southwest Airlines have managed to negotiate a $12 billion five-year contract. However, details of the deal are kept confidential.
The recent decline of crude oil prices has been caused by the US Energy Information Administration revealing that the US has increased its inventories by 2.9 million barrels. These news offset prior concern over disruption caused by the Houthis in the Red Sea.
The price of gold remains below resistance at 2.045.10/2,047.75 and above support at 2,027.20/2,030.00. In general, the situation and forecasts are unchanged. Economic Calendar Analysis On Friday, the United States Bureau of Economic Analysis will publish the Core Personal Consumption Expenditure Price Index at 13:30 GMT. The change of the index shows how inflation impacts consumers. It is different from the CPI
The 144.30/145.00 range has caused a decline of the pair which has passed one support level after another. By mid-Thursday, the pair had reached the 142.00 mark. Economic Calendar On Friday, the United States Bureau of Economic Analysis will publish the Core Personal Consumption Expenditure Price Index at 13:30 GMT. The change of the index shows how inflation impacts consumers. It is
The 1.2750 level held and caused a decline of the Pound. Moreover, the decline was massively impacted by the lower than expected UK Consumer Price Index release. Namely, markets expected annual inflation to be down from 4.6% to 4.3%, but the actual number was 3.9%. The major decline of inflation signals that the central bankers of the United Kingdom could
Instead of heading straight to the 1.1000 mark, the EUR/USD consolidated and found support in the 1.0930/1.0935 range. The range held and on Thursday the pair finally reached the 1.1000 mark, which was pierced at mid-day. Economic Calendar Analysis On Friday, the United States Bureau of Economic Analysis will publish the Core Personal Consumption Expenditure Price Index at 13:30 GMT. The change
The price of gold remains below resistance at 2.045.10/2,047.75 and above support at 2,027.20/2,030.00. In general, the situation and forecasts are unchanged. A move above 2,047.75 is expected to immediately face resistance in the 2,050.00 mark. Higher above, note the marked levels that impacted the commodity during its recent surge to all-time-high levels. However, a potential decline would look for support