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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
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. A move below 142.00 could find support in the 141.50 and 141.00 levels that acted as support during the end of last week. Further below, note the major impact that the 140.00 mark
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
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. The pair is testing the resistance of the 1.1000 mark and the zone at 1.1008/1.1017. In addition, note that this week the weekly R1
Reuters has revealed that the airplane producer Airbus is set to book a record year of jet orders in 2023, as companies have ordered almost 200 aircraft.
Due to Chinese retailers shifting toward low price goods and services, the deflation experienced by the country could become permanent.
General Motors, Volkswagen and Toyota and two air bag producers have announced that they were opposing US auto safety regulator call to recall 52 million air bag inflators. The regulators have argued that the airbag inflators could rupture and send shrapnel flying.
The People's Bank of China has kept the Yuan loan one-year rate at 3.45% and the five-year rate at 4.20%.
Stock indices of various country markets have managed to reach two-year high levels, as a lot lower than expected UK inflation caused a British stock surge that lead the rally, on Wednesday.
An independent panel has revealed that 64 models of Daihatsu have safety issues, which has prompted a scandal that has been followed by an investigation and the company halting the shipping of vehicles.
Bloomberg news has revealed that Tesla would skip this year's employee merit-based stock compensations.
After trading 74 years on the Tokyo stock exchange, the shares of Toshiba have been delisted. A decade of turmoil and scandals have resulted in a decline of the brand and a buyout.
The global shipping company has reported lower than expected quarterly profits. In addition, FedEx reduced its annual income expectations. As a result of the news, the company's stock price started Wednesday's trading with a gap down of 12.08%. In general, FedEx earnings increased by 23% to $1.01 billion or $3.99 per share. However, markets expected the earnings per share to be
The global shipping company has reported lower than expected quarterly profits and reduced its annual income expectations. As a result of the news, the company's stock price was set to start Wednesday's trading with a gap down of nearly 10.00%.
The Bank of America has researched that the top demanded bonds during 2023 have been European government bonds, which has reached a market value of $10 trillion. The Euro bonds are expected to return 6.5% to their holders.
On Wednesday, the United Kingdom Office for National Statistics released the country's Consumer Price Index data. The event caused a major drop of the Pound against peer currencies.
On Wednesday, at 07:00 GMT, the United Kingdom Office for National Statistics released the country's Consumer Price Index data. The event caused a major drop of the Pound against peer currencies. The market consensus forecast was that inflation in the United Kingdom had declined from 4.6% to 4.3%. However, the actual inflation was even lower, as CPI had increased by
The Japanese central bank has announced that it would continue with its ultra-loose monetary policy despite a widely discussed expectations of an end to the stimulus. Governor of the BoJ Ueda stated that the policymakers were waiting for more evidence of wage and price increases that would justify a change of policy.
The Japanese company Nippon Steel has reaffirmed that it considers the purchase of US Steel at $55.00 per share as reasonable. The offer is still at a 10% premium, compared to most recent prices.
Crude oil prices have recently declined due to the United States creating a task force that would guard commerce in the Red Sea from attacks by Yemeni militants.
By looking at technical charts it can be seen that a broad weakness of the US Dollar across the markets against peer currencies has pushed the price for gold higher. However, some attribute the move to the Houthi attack on shipping in the Red Sea. Highly likely that it is a combination of the two factors, as only gold has
The Japanese central bank has announced that it would continue with its ultra-loose monetary policy despite a widely discussed expectations of an end to the stimulus. Governor of the BoJ Ueda stated that the policymakers were waiting for more evidence of wage and price increases that would justify a change of policy. The Japanese Yen's value adjusted to the announcement with
Unexpectedly to our analysts, the GBP/USD found support in the 1.2630 level. The pair did not even approach the 1.2590/1.2610 range. The event is attributed to the major strength that the range showed during the first half of December. The following recovery eventually reached the 1.2750 mark that acted as resistance and by the end of Tuesday's trading a decline had
The support of the 1.0880/1.0888 range and the weekly simple pivot point was enough to cause a surge of the Euro against the US Dollar. By mid-Tuesday, the pair had passed above the 1.0960/1.0965 range that acted as resistance. By the end of the day, it appeared that the zone had acted as support. Economic Calendar Analysis During the week before Christmas,