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The United States Federal Reserve has just announced its Federal Funds Rate. Markets expected the Fed to keep the base interest rate unchanged at 5.50%. The Fed has done exactly that.
The food producer Unilever has announced that it is spinning off ice cream unit and fire 7,500 employees in a cost savings programme. Markets saw the announcement as positive. The stock price of the company surged more than 5.00%.
The Consumer Price Index of Canada has revealed that prices have grown in 2.8% in February, compared to February of 2023. The markets expected a 3.1% increase. On a month on month basis prices have risen 0.3% instead of forecast 0.6% The news caused a surge of the USD/CAD, as the value of the Canadian Dollar declined due to algorithmic
Reuters has reported that Fidelity International intends to fire 16% of its employees in the Chinese fund unit.
The owner of Facebook and Instagram has announced that it could reduce its monthly subscription fees by almost half. These news caused an initial dip of the company's stock price. However, the initial dip quickly turned into a surge. In general, the stock dropped 3.15% during the early hours of Tuesday's trading, before returning to prior levels by the start
The suppliers of NVidia SK Hynix has launched mass production of new next generation memory chips that are used in AI chipsets.
Chinese Xiaomi has beaten its fourth quarter of 2023 revenue expectations and posted a 10.9% increase in the total revenues.
The Chief Executive Officer of Tesla Elon Musk has revealed in an interview that his use of Ketamine has been benefiting Tesla investors.
The tech company Super Micro Computers has joined the S&P 500 company list, as its value has surged due to demand for AI servers and close cooperation with NVidia.
The US tech giant NVidia has revealed a new AI chip, the B200, which is set to be 30 times faster at some tasks than the preceding chips.
The weight loss drug producer Novo Nordisk has revealed that it would place more grants outside of the home country of Denmark.
BYD, the Chinese electric vehicle producer, continues to reveal upgraded car models with lower prices. Most recently the Destroyer 07 hybrid has received a makeover and an 11.3% reduction in price.
The price for gold has traded below the 2,150.00/2,165.00 support range. However, it appears that he price is set to wait out near the 2,150.00 mark until the US Federal Reserve rate announcement and press conference. Meanwhile, some resistance is found in the 50, 100 and 200-hour simple moving averages near 2,155.00/2,165.00. Economic Calendar Analysis All of the financial markets will be
The rate is already reacting to central bank announcements. On Tuesday, the Bank of Japan ended eight years of negative interest rates by hiking to 0.10%. This is the first Japanese rate hike in 17 years. In theory, the rate hike should have strengthened the Japanese Yen. However, after a short lived move downwards, the USD/JPY surged and reached above
The decline of the GBP/UD has reached below the 1.2700 mark. However, it appears that the rate could soon consolidate. Namely, the traders who shorted the drop from 1.2900 to 1.2670 appear to be taking profits, which is causing a surge. Profits are being taken due to the upcoming US and UK central bank rate announcements. Despite market expectations, the two
After declining below 1.0900/1.0920 range, the EUR/USD returned to the range and confirmed it as resistance at mid-Monday. The event was followed up by a decline that during the first half of Tuesday had reached the 1.0840 level. In general, the pair could soon consolidate due to the upcoming United States Federal Reserve rate hike that is scheduled for late Wednesday.
The founder of the Vietnamese electric vehicle producer VinFast has created a new company named V-Green. The firm is set to develop new EV charging stations.
The price for gold has traded below the 2,150.00/2,165.00 support range. However, it appears that he price is set to wait out near the 2,150.00 mark until the US Federal Reserve rate announcement and press conference. Meanwhile, some resistance is found in the 50, 100 and 200-hour simple moving averages near 2,155.00/2,165.00. The upcoming event could change direction of the
The rate is already reacting to central bank announcements. On Tuesday, the Bank of Japan ended eight years of negative interest rates by hiking to 0.10%. This is the first Japanese rate hike in 17 years. In theory, the rate hike should have strengthened the Japanese Yen. However, after a short lived move downwards, the USD/JPY surged and reached
The decline of the GBP/UD has reached below the 1.2700 mark. However, it appears that the rate could soon consolidate. Namely, the traders who shorted the drop from 1.2900 to 1.2670 appear to be taking profits, which is causing a surge. Profits are being taken due to the upcoming US and UK central bank rate announcements. Despite market expectations,
After declining below 1.0900/1.0920 range, the EUR/USD returned to the range and confirmed it as resistance at mid-Monday. The event was followed up by a decline that during the first half of Tuesday had reached the 1.0840 level. In general, the pair could soon consolidate due to the upcoming United States Federal Reserve rate hike that is scheduled for
The food producer Unilever has announced that it is spinning off ice cream unit and fire 7,500 employees in a cost savings programme. Markets saw the announcement as positive. The stock price of the company surged more than 5.00%.
The Bank of Japan has hiked its base interest rate from the -0.10 rate up to +0.10. This it he first rate hike in Japan in 17 years. The event has ended the eight years of negative interest rates in Japan. However, instead of an expected surge of the Japanese Yen. The Yen shortly surged, before resuming the previous
The Bank of Japan has hiked its base interest rate from the -0.10 rate up to +0.10. This it he first rate hike in Japan in 17 years. The event has ended the eight years of negative interest rates in Japan.