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Gold failed to properly reach above 2,000.00 and started a decline that eventually found support in the 1,970.00 mark. On Thursday, it was spotted that the commodity price was respecting the resistance of the 1,990.30/1,997.15 zone. Economic Calendar Analysis On Friday, watch the US employment data release at 12:30 GMT. The release will consist of the US Average Hourly Earnings monthly change,
The surge that was caused by the future inflation forecast changes of the Bank of Japan eventually resulted in a USD/JPY 233 pip move or a surge of 1.56%. A new 2023 high level was reached and tested two times at 151.70. Afterwards, the US Dollar began to consolidate its gains near 151.50, as the US Federal Reserve revealed its
The GBP/USD has reacted to the Federal Reserve Rate Hike and Fed Press Conference with a surge. However, the moves have been consistent with notable levels. Namely, the pair respects the support of the 1.2100 mark and the resistance of the 1.2200 level. Meanwhile, the weekly simple pivot point acts as support and resistance at 1.2159. Economic Calendar On Thursday, the Bank
In general, as soon as the EUR/USD reveals a larger scale direction, a fundamental event reverses it. This way the pair has traded around the 1.0600 mark for two weeks. The United States Federal Reserve has just revealed that it will keep the Federal Funds Rate unchanged at 5.50%. The news caused a 0.15% drop of the US Dollar index from
Gold failed to properly reach above 2,000.00 and started a decline that eventually found support in the 1,970.00 mark. On Thursday, it was spotted that the commodity price was respecting the resistance of the 1,990.30/1,997.15 zone. If the price manages to break above 1,990.30/1,997.15, the 2,000.00 and 2,010.00 levels are expected to once again act as resistance. Higher above,
The surge that was caused by the future inflation forecast changes of the Bank of Japan eventually resulted in a USD/JPY 233 pip move or a surge of 1.56%. A new 2023 high level was reached and tested two times at 151.70. Afterwards, the US Dollar began to consolidate its gains near 151.50, as the US Federal Reserve revealed
The GBP/USD has reacted to the Federal Reserve Rate Hike and Fed Press Conference with a surge. However, the moves have been consistent with notable levels. Namely, the pair respects the support of the 1.2100 mark and the resistance of the 1.2200 level. Meanwhile, the weekly simple pivot point acts as support and resistance at 1.2159. A move above 1.2200
In general, as soon as the EUR/USD reveals a larger scale direction, a fundamental event reverses it. This way the pair has traded around the 1.0600 mark for two weeks. The United States Federal Reserve has just revealed that it will keep the Federal Funds Rate unchanged at 5.50%. The news caused a 0.15% drop of the US Dollar index
The United States Treasury Department has announced that it would need an additional quarter of debt auction size increases to meet the US financing needs.
The European Union data regulators have revealed that they could ban targeted advertising on Instagram and Facebook. Noncompliance with the ban could cost Meta up to 4.00% of the global turnover.
The CEO of Tesla Elon Musk has announced that the company intends to produce 200,000 electric pickup trucks per 2024.
The United States Federal Reserve has just revealed that it will keep the Federal Funds Rate unchanged at 5.50%. The news caused a 0.15% drop of the US Dollar index from 107.00 down to 106.82. The event was followed by the press conference of the Chairman of the Federal Reserve Jerome Powell. His initial talk caused a boost of
The United States Federal Reserve has just revealed that it will keep the Federal Funds Rate unchanged at 5.50%.
The quarterly earnings publication of AMD has caused a 7.30% surge of the company's stock price. The company beat the earnings per share forecast by 3.02% and the total revenues by 1.77%.
The quarterly earnings publication of AMD has caused a 8.13% surge of the company's stock price. Although, the Q3 results have not been that spectacular, compared to expectations. The company beat the earnings per share forecast by 3.02% and the total revenues by 1.77%. The surge could be attributed to the fact that prior to the earnings report the stock had
In October, factory activity in China unexpectedly declined, which indicates that the post-Covid recovery of the economy might be losing momentum.
Reuters has reported that Chinese firms have been buying up French and Australian wheat. The buying has started due to Chines crop being damaged by dry weather.
The Bank of Japan has kept its policy rate at -0.10%. In addition, the board announced details that caused a drop of the Yen. Namely, the BoJ revised its inflation forecasts for 2023, 2024 and 2025. If compared to US and European announcements of 2.00% inflation in 2024, the news indicate that the Bank of Japan will do less tightening
The Chief Executive Officer of Carlsberg has announced that the company is cutting all ties to its Russian business, but refuses to make a deal with the Russian government. Any of the proposed deals would only legitimize the already done seizure of Carlsberg assets.
British Petroleum has reported its third quarter financial results. The markets expected the company to have earned $4.0 billion. However, the actual earnings were $3.3 billion.
United States pharmacy workers from Walgreens and CVS have started three day walkout to protest working conditions.
The price for gold remains above the 1,990.30/1,997.15 zone, as it looks for support to start a surge. Meanwhile, the 100 and 200-hour simple moving averages are trying to catch up with the rate. In general, previously described scenarios remain valid. Economic Calendar Analysis This week most events will be ignored due to a simple reason. The US central bank, The Federal
Forget about technical analysis for now. The Bank of Japan has revealed its policy stance and it is impacting the USD/JPY through the value expectations for the Japanese Yen. In general, the central bank has caused the rate to reach a new 2023 high. The Bank of Japan has kept its policy rate at -0.10%. Namely, the BoJ is not going
The currency pair has managed to reach above the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point at 1.2159. At mid-day on Tuesday, the rate respected the resistance of the 1.2200 mark. Economic Calendar This week most events will be ignored due to a simple reason. The US central bank, The Federal Reserve is scheduled to make