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The US energy company Chevron has started talks with its LNG facilities in Australia to avert a potential worker strike.
The United States Commerce Secretary Gina Raimondo has recently stated that China should create a fair and predictable playing field for US businesses so that stable commercial relationships could be created.
The Chief Executive Officer of Renault Luca de Meo has revealed that Chinese firms have become more competitive in the electric vehicle segment and European firms should catch up.
In August, Ryanair passenger traffic had reached a new record high, as it has increased by 12%, compared to August of 2022.
Tesla has announced that it would extend the delivery time for Model Y Long Range in China to 6-8 weeks.
The Biden administration has announced that it would offer $12 billion in grants and loans to car producers that would upgrade their plants to manufacture electric vehicles.
The decline of the metal's price has found support in the 100-hour simple moving average. Since finding support, up to mid-Monday, the rate fluctuated near the 1,940.00 level. Economic Calendar Analysis Watch the US ISM services PMI release on Wednesday at 14:00 GMT. Besides this release, there are no notable events scheduled that can impact the financial markets. XAU/USD short-term forecast In the
Reuters poll results have revealed that the markets expect the Reserve Bank of Australia to keep its base interest rate at 4.10%.
The recovery from the 144.50 mark has encountered resistance in the 146.30/146.60 range. Economic Calendar Watch the US ISM services PMI release on Wednesday at 14:00 GMT. Besides this release, there are no notable events scheduled that can impact the financial markets. Hourly Chart If the USD/JPY reaches above the 146.60 level, the rate could be slowed down by the 147.00 mark, before
On Friday, the GBP/USD reacted to the strengthening of the US Dollar, which was caused by the US monthly employment data release. The decline of the pair eventually found support in the 1.2548/1.2579 range and started a recovery. By mid-Monday, the rate had reached the combined resistance of the 50, 100 and 200-hour simple moving averages near 1.2650. Economic Calendar Watch the
The EUR/USD has confirmed a support zone near the August low level of 1.0766. Namely, there is support at 1.0766/1.0771. The support zone has caused a recovery, due to which the pair is heading to the resistance levels near 1.0830. Economic Calendar Analysis Watch the US ISM services PMI release on Wednesday at 14:00 GMT. Besides this release, there are no notable
The decline of the metal's price has found support in the 100-hour simple moving average. Since finding support, up to mid-Monday, the rate fluctuated near the 1,940.00 level. In the case of the 100-hour simple moving average pushing the commodity price up, resistance could be found in the 1,950.00 mark and the upper trend line of the channel up pattern. However,
The recovery from the 144.50 mark has encountered resistance in the 146.30/146.60 range. If the USD/JPY reaches above the 146.60 level, the rate could be slowed down by the 147.00 mark, before the 147.23/147.36 August high level range. On the other hand, a possible decline of the US Dollar against the Yen could look for support in the 146.00
On Friday, the GBP/USD reacted to the strengthening of the US Dollar, which was caused by the US monthly employment data release. The decline of the pair eventually found support in the 1.2548/1.2579 range and started a recovery. By mid-Monday, the rate had reached the combined resistance of the 50, 100 and 200-hour simple moving averages near 1.2650. A move
The EUR/USD has confirmed a support zone near the August low level of 1.0766. Namely, there is support at 1.0766/1.0771. The support zone has caused a recovery, due to which the pair is heading to the resistance levels near 1.0830. Near the 1.8030 level, the rate is set to face the combination of the 50, 100 and 200-hour simple
The Chinese electric vehicle maker BYD has revealed that the company has sold 1,792,184 vehicles during the period from January up to August, which is a 82.2% year-on-year increase.
Reuters has reported that various Chinese banks have reduced interest rates for Yuan deposits.
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
Gold has continued to test the 1,950.00 mark and the upper trend line of the channel up pattern. However, the release of the US monthly employment data strengthened the US Dollar on Friday at 12:30 GMT. The event resulted in the metal's price declining as low as 1,935.00 by 15:00 GMT. Economic Calendar Analysis Next week, watch the US ISM services PMI
The release of the US data reached its peak with the release of the US monthly employment data. Just after the release of data on Friday at 12:30 GMT, the USD/JPY dropped to 144.50. The round level acted as support and caused a recovery. By 14:30 GMT, the pair was heading tot he 146.00 level and the combination of the
During the week of notable US data releases the GBP/USD surged to the resistance of the 1.2750 level. The resistance was enough to cause a decline, which on Friday was passing below the weekly simple pivot point at 1.2640. Economic Calendar Next week, watch the US ISM services PMI release on Wednesday at 14:00 GMT. Besides this release, there are no notable
Throughout this week, the EUR/USD traded in accordance with US data releases. Most of action occurred in reactionary moves. As the releases are over, technical reviews are back in favour. On Friday, after the last notable events, the EUR/USD was looking for support in the weekly simple pivot point at 1.0829. Meanwhile, resistance was encountered in the 50-hour simple moving average
Gold has continued to test the 1,950.00 mark and the upper trend line of the channel up pattern. However, the release of the US monthly employment data strengthened the US Dollar on Friday at 12:30 GMT. The event resulted in the metal's price declining as low as 1,935.00 by 15:00 GMT. If the commodity price declines below 1,935.00, the
The release of the US data reached its peak with the release of the US monthly employment data. Just after the release of data on Friday at 12:30 GMT, the USD/JPY dropped to 144.50. The round level acted as support and caused a recovery. By 14:30 GMT, the pair was heading tot he 146.00 level and the combination of