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On Wednesday, the United Kingdom Office for National Statistics released the country's Consumer Price Index data. The event caused a major drop of the Pound against peer currencies.
On Wednesday, at 07:00 GMT, the United Kingdom Office for National Statistics released the country's Consumer Price Index data. The event caused a major drop of the Pound against peer currencies. The market consensus forecast was that inflation in the United Kingdom had declined from 4.6% to 4.3%. However, the actual inflation was even lower, as CPI had increased by
The Japanese central bank has announced that it would continue with its ultra-loose monetary policy despite a widely discussed expectations of an end to the stimulus. Governor of the BoJ Ueda stated that the policymakers were waiting for more evidence of wage and price increases that would justify a change of policy.
The Japanese company Nippon Steel has reaffirmed that it considers the purchase of US Steel at $55.00 per share as reasonable. The offer is still at a 10% premium, compared to most recent prices.
Crude oil prices have recently declined due to the United States creating a task force that would guard commerce in the Red Sea from attacks by Yemeni militants.
By looking at technical charts it can be seen that a broad weakness of the US Dollar across the markets against peer currencies has pushed the price for gold higher. However, some attribute the move to the Houthi attack on shipping in the Red Sea. Highly likely that it is a combination of the two factors, as only gold has
The Japanese central bank has announced that it would continue with its ultra-loose monetary policy despite a widely discussed expectations of an end to the stimulus. Governor of the BoJ Ueda stated that the policymakers were waiting for more evidence of wage and price increases that would justify a change of policy. The Japanese Yen's value adjusted to the announcement with
Unexpectedly to our analysts, the GBP/USD found support in the 1.2630 level. The pair did not even approach the 1.2590/1.2610 range. The event is attributed to the major strength that the range showed during the first half of December. The following recovery eventually reached the 1.2750 mark that acted as resistance and by the end of Tuesday's trading a decline had
The support of the 1.0880/1.0888 range and the weekly simple pivot point was enough to cause a surge of the Euro against the US Dollar. By mid-Tuesday, the pair had passed above the 1.0960/1.0965 range that acted as resistance. By the end of the day, it appeared that the zone had acted as support. Economic Calendar Analysis During the week before Christmas,
By looking at technical charts it can be seen that a broad weakness of the US Dollar across the markets against peer currencies has pushed the price for gold higher. However, some attribute the move to the Houthi attack on shipping in the Red Sea. Highly likely that it is a combination of the two factors, as only
The Japanese central bank has announced that it would continue with its ultra-loose monetary policy despite a widely discussed expectations of an end to the stimulus. Governor of the BoJ Ueda stated that the policymakers were waiting for more evidence of wage and price increases that would justify a change of policy. The Japanese Yen's value adjusted to the announcement
Unexpectedly to our analysts, the GBP/USD found support in the 1.2630 level. The pair did not even approach the 1.2590/1.2610 range. The event is attributed to the major strength that the range showed during the first half of December. The following recovery eventually reached the 1.2750 mark that acted as resistance and by the end of Tuesday's trading a
The support of the 1.0880/1.0888 range and the weekly simple pivot point was enough to cause a surge of the Euro against the US Dollar. By mid Tuesday, the pair had passed above the 1.0960/1.0965 range that acted as resistance. By the end of the day, it appeared that the zone had acted as support. The surge of the pair
The Japanese central bank has announced that it would continue with its ultra-loose monetary policy despite a widely discussed expectations of an end to the stimulus. Governor of the BoJ Ueda stated that the policymakers were waiting for more evidence of wage and price increases that would justify a change of policy. The Japanese Yen's value adjusted to the announcement
IBM has announced that it would acquire enterprise integration platforms from Software AG for a total of $2.33 billion. The company intends to boost its AI and cloud products.
The United States airline Southwest Airlines is set to pay a $140 million fine for the cancellation of 16,900 flights during the 2022 holiday season that resulted in the stranding of 2 million passengers.
Goldman Sachs has decreased its 2024 Brent price forecast by $10 per barrel due to strong supply in the United States. The bank expects prices to remain in the $70/90$ range.
The Chinese Communist Party Finance and Economy Office has announced that the country's economy is set to improve in 2024.
Reuters has reported that Chinese banks have been selling off bad loans at an unseen pace, as regulators have been pressuring the sector to get rid of bad debt.
The price for gold has moved below the 2,027.70/2,030.00 range, which has turned from support into resistance. Meanwhile, it appears that support was found in the 200-day simple moving average. Economic Calendar Analysis During the week before Christmas, there will be a couple of data releases that could impact the financial markets. On Thursday, not the publication of the US Final GDP
The USD/JPY appears to be still waiting for the Bank of Japan to initiate a move, as the central bank is set to announce its future policy. Meanwhile, the rate started to surge, as it moved above 142.50. However, it could be short sellers closing their positions and taking profit before the fundamental event. Economic Calendar During the week before Christmas, there
The GBP/USD declined on Friday and the move extended on Monday. It has been observed that resistance is found in the 1.2700 mark. Support is provided by the weekly simple pivot point at 1.2656, the 1.2650 level and the 100-hour simple moving average close below these levels.Our traders were 61% since Friday. It is assumed that most have their positions
The EUR/USD rate has declined below the 1.0900 mark, where it appears to have found support in the combination of the weekly simple pivot point, 100-hour simple moving average and the 1.0880/1.0888 range.Meanwhile, Dukascopy traders have been short since Friday and most likely were gaining profits. Economic Calendar Analysis During the week before Christmas, there will be a couple of data releases
The Japanese giant Nippon Steel has announced that it would buy the United States Steel Corporation for a total of $14.9 billion. The US Steel shares reacted to the news with a jump of 27.30% that resulted in a price at $49.90 at the start of the day's trading. The trading price was still below the offer of Nippon Steel.