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The EUR/USD currency exchange rate has passed below the 1.0700 mark. However, the event did not result in a broader decline, as the pair started to trade sideways. By mid-Friday the EUR/USD had bounced around the 1.0700 mark and broken the channel down pattern by remaining almost flat. Economic Calendar Analysis This week, notable events are over. Due to this reason, the
The low level zone near 1,915.00 has provided enough support for the price for gold eventually reaching above the 1,920.00/1,923.00 range and the 50-hour simple moving average. However, the commodity appears to have started trade around the 1,925.00 mark. A recovery of the commodity price could result in the rate encountering resistance in the 100-hour simple moving average near 1,927.00.
The USD/JPY passed below 147.00 and almost reached the 146.50 level, before starting a recovery. By mid-Friday, the currency pair had almost reached the 147.50 level and the weekly R1 simple pivot point. A move above 147.50 and the weekly R1 simple pivot point at 147.54 could result in another test of the 147.80/147.87 range. This range acted as resistance
The carmaker Stellantis has announced that the company expects internal combustion engine vehicles to remain in use until at least 2050.
The GBP/USD bounced off the combined support of the weekly S2 at 1.2447 and the lower trend line of the channel down pattern. During the early hours of Friday's trading, the pair reached the upper trend line of the pattern near 1.2500 and appeared to have resumed the broader decline. A continuation of the Pound's decline against the US Dollar
The EUR/USD currency exchange rate has passed below the 1.0700 mark. However, the event did not result in a broader decline, as the pair started to trade sideways. By mid-Friday the EUR/USD had bounced around the 1.0700 mark and broken the channel down pattern by remaining almost flat. In the case of a proper move below 1.0700 the EUR/USD would
Recently, the stock price of Apple has declined due to a string of bad news. Namely, China has increased restrictions on iPhone use and researches have found spyware on Apple devices. China increases iPhone restrictions - The Chinese government has increased its curbs on use of iPhone by government employees. Namely, employees have been forbidden to use phones at work. Researchers
This week, the US weekly jobless claims had reached a low level not seen since February. Moreover, it has been announced that productivity had reached a high level not seen for years.
The Tesla factory in Shanghai has hit a new record, as it has produced a total of 2 million cars.
The price for gold reached for the 1,915.00 mark, before starting a recovery. At mid-day on Thursday, the commodity price had reached above the 1,920.00/1,923.00 range and faced the 50-hour simple moving average. Economic Calendar Analysis This week, notable events are over. Due to this reason, the current momentum might remain intact. XAU/USD short-term forecast A resumption of the broader decline is expected
The USD/JPY currency pair has been bouncing off the 147.80/147.88 range. The zone has been marked on the hourly candle chart as resistance. Meanwhile, on Thursday, support was found at 147.23/147.36. Economic Calendar This week, notable events are over. Due to this reason, the current momentum might remain intact. Hourly Chart A move above 147.88 is expected to almost immediately face resistance in
The GBP/USD resumed its descent after the release of the better than expected US ISM Services PMI survey results. In the aftermath of the initial drop, it was spotted that the recent lower low and lower high levels can be connected to reveal support and resistance lines. At mid-day on Thursday, the rate was looking for support in the combination
Despite the surge that was caused by the release of the better than forecast US ISM Services PMI, the EUR/USD has remained above the 1.0700 mark. However, on Thursday the rate was approached by the additional resistance of the 50-hour simple moving average, which could push the rate down. Economic Calendar Analysis This week, notable events are over. Due to this reason,
The price for gold reached for the 1,915.00 mark, before starting a recovery. At mid-day on Thursday, the commodity price had reached above the 1,920.00/1,923.00 range and faced the 50-hour simple moving average. A resumption of the broader decline is expected to look for support in the 1,920.00/1,923.00 range that has previously acted as both support and resistance. Below 1,920.00,
The USD/JPY currency pair has been bouncing off the 147.80/147.88 range. The zone has been marked on the hourly candle chart as resistance. Meanwhile, on Thursday, support was found at 147.23/147.36. A move above 147.88 is expected to almost immediately face resistance in the 148.00 mark. Higher above, take into account the 148.50 level and the combination of the weekly
This week, crude oil prices surged due to the output cuts done by Saudi Arabia and Russia. The surge resulted in oil price benchmarks reaching high levels not seen since November.
The GBP/USD resumed its descent after the release of the better than expected US ISM Services PMI survey results. In the aftermath of the initial drop, it was spotted that the recent lower low and lower high levels can be connected to reveal support and resistance lines. At mid-day on Thursday, the rate was looking for support in the
Despite the surge that was caused by the release of the better than forecast US ISM Services PMI, the EUR/USD has remained above the 1.0700 mark. However, on Thursday the rate was approached by the additional resistance of the 50-hour simple moving average, which could push the rate down. A move below 1.0700 could result in the EUR/USD looking for
Alphabet's Google has reached a tentative settlement in the US lawsuit, which claimed that the US Play Store violated US antitrust legislation.
The Taiwan Semiconductor Manufacturing Company has revealed that it would decide this week whether to invest in the chip designers Arm Holdings initial public offering.
United States auto safety regulators have ordered a recall of 52 million ARC Automotive and Delphi Automotive air bag inflators. The recall has been made due to possible ruptures that can send metal fragments flying.
A teardown of the Huawei Mate 60 Pro phone done by TechInsights has revealed that the Chinese chipmaker SMIC has created a new advanced processor.
The Institute for Supply Management has just released the United States Services sector Purchasing Managers Index survey results. The market consensus forecast was an index of 52.5 that would show an expansion of the sector. The actual survey result has been revealed to be 54.5. The news caused a surge of the US Dollar due to being better than
The Institute for Supply Management has just released the United States Services sector Purchasing Managers Index survey results. The market consensus forecast was an index of 52.5 that would show an expansion of the sector. The actual survey result has been revealed to be 54.5. The news caused a surge of the US Dollar due to being better than expected.