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The volatility of the US CPI release limited the GBP/USD rate to the 1.2700/1.2780 range. Namely, support is at 1.2700 where the round price level acts as support together with the 200-hour simple moving average. Resistance is provided by the 1.2780/1.2795 range. Economic Calendar On Friday, at 13:30 GMT, inflation at the producer level will be revealed, as the US Producer Price
During the volatility caused by the US Consumer Price Index, the EUR/USD encountered resistance in the 1.1000 mark, which kept the rate down. On Friday, prior to the PPI publication, the rate had returned to trade near 1.0950. Economic Calendar Analysis On Friday, at 13:30 GMT, inflation at the producer level will be revealed, as the US Producer Price Index will be
The US CPI publication bounced the price for gold in the previously described range of 2,025.00/2,040.00. However, after the event, the price declined as low as the 2,015.00 mark, before support was found. The follow up recovery on Friday managed to reach above the 2,050.00 mark. The ongoing surge could encounter resistance in the 2,060.00 level, prior to the commodity
After the CPI release, the USD/JPY almost touched the 146.50 level, as a decline started. The decline has resulted in the pair finding support in the 144.30/145.00 range and the 100-hour simple moving average. A resumption of the surge has to pass the 145.50 level and the 50-hour simple pivot point. Higher above, note the 146.00 and 146.50 levels. Above
The volatility of the US CPI release limited the GBP/USD rate to the 1.2700/1.2780 range. Namely, support is at 1.2700 where the round price level acts as support together with the 200-hour simple moving average. Resistance is provided by the 1.2780/1.2795 range. A move below 1.2700 could look for support in the various recent low levels at 1.2685 and 1.2675,
During the volatility caused by the US Consumer Price Index, the EUR/USD encountered resistance in the 1.1000 mark, which kept the rate down. On Friday, prior to the PPI publication, the rate had returned to trade near 1.0950. An extension of the decline of the Euro against the USD could look for support in Thursday's low at 1.0930, before approaching
Due to shipping disruptions in the Red Sea, Tesla has announced that it would stop most of its output for two week in the company's Berlin factory. The stock price of Tesla reacted to the news by dropping below $220.00.
As the United States and the United Kingdom have announced airstrikes on Houthis in Yemen, crude oil prices have surged. The surge is attributed to the potential escalation that would lead to another war in the Middle East. By 11:00 GMT on Friday, Brent Crude oil was up 4.43% and US Light Crude was up 4.68%
As the United States and the United Kingdom have announced airstrikes on Houthis in Yemen, crude oil prices have surged by 3.0%. The surge is attributed to the potential escalation that would lead to another war in the Middle East.
Chesapeake Energy has announced that it would buy out its rival Southwestern Energy for $7.4 billion. The deal is set to make the company the largest natural gas producer in the United States.
Ripple Labs is set to buy back $285 million of the company's shares from employees and early investors. In general, the particularities of the deal are set to push the valuation of the company to $11 billion.
Amazon has announced that the company would fire several hundred of staff in studio and streaming operations. Namely, Amazon MGM Studios and Prime Video employees are set to be laid off.
The Japanese stock index Nikkei 225 has reached above the 35,000.00 mark for the first time since February of 1990.
Due to a drought Maersk is set to avoid the Panama Canal and use rail transport to ship containers. The drought is set to add even more to global shipping costs, as the Suez Canal is being avoided due to terrorist attack risks.
Alphabet has revealed that Google is set to fire hundreds of employees in the engineering hardware and assistant teams. Most of the layoffs would occur in department responsible for Augmented Reality.
The United States Bureau of Labour Statistics has published the United States Consumer Price Index data. The data revealed that inflation in the United States is higher than expected. The month on month change of the index was expected to be an increase of 0.2%. Actual number is 0.3%. The monthly Core CPI change was forecast to be at
The United States Bureau of Labour Statistics has published the United States Consumer Price Index data. The data revealed that inflation in the United States is higher than expected. The US Dollar is surging and the stock market is dropping.
The United States Securities and Exchange Commission has approved the long awaited new Bitcoin Equity Traded Funds. The announcement fuelled a surge of the crypto that was heading to the 48,000.00 mark.
The electric vehicle maker Tesla has announced a new restyled Model 3 for the North American market.
China Passenger Car Association has published 2023 market data. The data revealed that Volkswagen and Toyota have lost 0.6% of total market share to other producers.
The world's biggest asset manager BlackRock has announced that it would fire 3% of its workforce by laying off 600 employees.
The Japanese carmaker Honda Motor has revealed plans to introduce new electric vehicles in 2026. The company has been playing catch up to its rival sin the EV sector.
The United States administration has revealed the final version of new legislation that would make it difficult for companies to hide their actual employees under contractor laws.
A US Federal Judge has ruled that Google might have to pay $1.67 billion to a scientist, who claims that the company had infringed on his AI related patents.