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On Tuesday, the USD/JPY hit the combined resistance of the upper trend line of the channel up pattern and the weekly R2 simple pivot point at 149.17. The resistance caused a retracement down to the support of the weekly R1 at 148.76. A move below 148.76 could find support in the 50-hour simple moving average near 148.60. Further below,
The GBP/USD has reached the support of the weekly S1 simple pivot point at 1.2170. A recovery from the 1.2170 level could encounter resistance in the 1.2200 mark and the 50-hour simple moving average near 1.2220. Higher above, note the 1.2250 level and the 100-hour simple moving average. However, in the case of a resumption of the decline of the
Since Monday, the EUR/USD has traded near the 1.0600 mark. Despite passing below support levels, the rate did not decline further. In general, previous scenarios remain valid. The next target for the decline could be the combination of the 1.0550 level and the weekly S2 simple pivot point at 1.0543. Further below note the 1.0500 mark and the lower trend
The Canadian government has announced that a five top Canadian grocery retail sale chains have agreed to help the government in stabilizing food prices.
It has been revealed by the Wall Street Journal that Tesla has been in talks with Saudi Arabia about the potential construction of a new electric vehicle factory.
On Monday, the price for gold plummeted and hit the support of the 1,915.00 mark. Economic Calendar Analysis This week, all attention will be on the US Core PCE Price Index release on Friday at 12:30 GMT. XAU/USD short-term forecast A move below 1,915.00 could result in the commodity price looking for support in the 1,910.25 level. Below this level take into account
The USD/JPY is heading for the 150.00 mark, as this Monday it approached the 149.00 level. Economic Calendar This week, all attention will be on the US Core PCE Price Index release on Friday at 12:30 GMT. Hourly Chart Resistance could be encountered in the 149.00 mark, the upper trend line of the channel up pattern and the weekly R2 simple pivot point
This week, the Pound reached the 1.2200 mark and was set to decline further. Economic Calendar This week, all attention will be on the US Core PCE Price Index release on Friday at 12:30 GMT. GBP/USD short-term view The decline could look for support in the weekly S1 simple pivot point at 1.2170 and the lower trend line of the channel down pattern. In
On September 25, the EUR/USD currency pair passed below the 1.0600 mark and the weekly S1 simple pivot point at 1.0592 Economic Calendar Analysis This week, all attention will be on the US Core PCE Price Index release on Friday at 12:30 GMT. EUR/USD hourly chart The next target for the decline could be the combination of the 1.0550 level and the weekly S2
On Monday, the price for gold plummeted and hit the support of the 1,915.00 mark. A move below 1,915.00 could result in the commodity price looking for support in the 1,910.25 level. Below this level take into account the 1,900.00 mark. On the other hand, a recovery of the price could face resistance in the combination of the 50, 100 and
The USD/JPY is heading for the 150.00 mark, as this Monday it approached the 149.00 level. Resistance could be encountered in the 149.00 mark, the upper trend line of the channel up pattern and the weekly R2 simple pivot point at 149.17. Any of these levels could slow down the surge and force the rate into a consolidation via
This week, the Pound reached the 1.2200 mark and was set to decline further. The decline could look for support in the weekly S1 simple pivot point at 1.2170 and the lower trend line of the channel down pattern. In the case of the pattern failing, the rate might reach for the 1.2510 level and the combination of the weekly
On September 25, the EUR/USD currency pair passed below the 1.0600 mark and the weekly S1 simple pivot point at 1.0592 The next target for the decline could be the combination of the 1.0550 level and the weekly S2 simple pivot point at 1.0543. Further below note the 1.500 mark and the lower trend line of a channel down
US retail store chain Macy's has announced that it would hire 38,000 employees for the holiday season sale. However, the number is smaller than previous years. In 2021 the company hired 71,000 thousand employees.
The President of Turkey Tayyip Erdogan has asked the CEO of Tesla Elon Musk to build a factory in Turkey, as the country was revealed to be one of the top candidates for new construction.
The South Korean workers union of Hyundai has agreed to take a 12% wage hike to stop a potential strike. Hyundai has managed to avoid potential production stops.
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
Despite firing 10% of its employees in January, Salesforce has announced a hiring of 3,300 employees, as business has picked back up.
The United Kingdom government has been revealed to be set to finance the decarbonization of Tata Steel with nearly 500 million GBP. However, the deal is set to put at risk more than 3,000 jobs in Wales.
Reuters has reported that Citigroup has started major lay offs of its staff that include reductions in compliance, support and risk management departments.
The CEO of Ford Motor Company Jim Farley has revealed that a possible agreement to the initial proposal of United Auto Workers unions would mean a bankruptcy of the company. The workers had demanded a 40% wage increase, cut of workweeks and pension benefits.
The third largest bank of Canada, the Bank of Montreal, has announced that it would close its retail auto financing business. The move is set to result in major job losses.
The US antitrust lawsuit against Google has continued into its second week, as the lawmakers have called to testify Verizon executives.
Reuters has compiled and published a report on how Goldman Sachs, Morgan Stanley and Citigroup have started to lay off employees in an effort to save costs.