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The EUR/USD has passed below the 1.0700 mark, which previously acted as support. In general, the pair has reached levels not seen since March, as the US Dollar continues to gain value. An extension of the ongoing decline might be slowed down by round exchange rate levels, as it has been spotted that round levels manage to impact the rate.
The CEO of JPMorgan Chase & Co Jamie Dimon has visited China and during the visit announced that the US and China need to increase engagement.
This week, the CEO of Tesla Elon Musk has visited China to meet with top officials of the country among which are Foreign, Commerce and Industry Ministers.
The Turkish President Tayyip Erdogan has won the Turkish Presidential Election and has extended his rule into a third decade by defeating Kemal Kilicdaroglu.
The CEO of NVidia Jensen Huang has stated at an event in Taipei that due to AI everyone can become a computer programmer via speaking to a computer.
The Japanese stock index Nikkei has hit a high level not seen since 1990. The index traded at 31,560,43 during Monday's trading. The surge was attributed to a decline of the Yen, which in turn was caused by the US debt deal announcement causing a strengthening of the US Dollar.
The US President Joe Biden and House Speaker Kevin McCarthy have agreed to suspend the $31.4 trillion debt ceiling until January 1 of 2025. The two parties have sent a legislative proposal to the US Congress.
Reuters has reported that a surge in airline customer complaints has forced regulators to put airlines under review in Canada, United States and the European Union.
During the past trading sessions, gold has been finding support in the 1,940.00 mark. Meanwhile, resistance appears to be provided by the 50-hour simple moving average not the 1,952.00/1,955.00 range or the 1,950.00 mark. On Monday, the 50-hour SMA was located near 1,945.00. Economic Calendar Analysis Watch for the US ISM Manufacturing PMI on Thursday at 14:00 GMT and the Friday's release
The surge of the US Dollar against the Japanese Yen continues. On Monday morning, the rate attempted to reach the 141.00 mark, before retracing back down to the support of the 50-hour simple moving average near 140.15. Economic Calendar Watch for the US ISM Manufacturing PMI on Thursday at 14:00 GMT and the Friday's release of the US Unemployment data at 12:30
On Friday, the GBP/USD bounced off the resistance zone at 1.2390/1.2395 and the 100-hour simple moving average. However, the decline was actually caused by fundamental events. The US PCE Inflation data caused a surge of the value of the US Dollar. On Monday, the pair found resistance in the 100-hour simple moving average and support appeared to be provided by
The EUR/USD has recently encountered resistance near 1.0760 and found support at 1.0700 level. However, by mid-Monday, the rate was at the same levels as on Thursday and Friday. Economic Calendar Analysis Watch for the US ISM Manufacturing PMI on Thursday at 14:00 GMT and the Friday's release of the US Unemployment data at 12:30 GMT. EUR/USD hourly chart A decline of the pair
The surge of the US Dollar against the Japanese Yen continues. On Monday morning, the rate attempted to reach the 141.00 mark, before retracing back down to the support of the 50-hour simple moving average near 140.15. In the case that the 50-hour SMA once again pushes the pair up, the rate would aim at the resistance of the 141.00
US sanctioned Chinese firm stocks have experienced a share price boom, as patriotic Chinese investors have been buying up the equity of these firms.
During the past trading sessions, gold has been finding support in the 1,940.00 mark. Meanwhile, resistance appears to be provided by the 50-hour simple moving average not the 1,952.00/1,955.00 range or the 1,950.00 mark. On Monday, the 50-hour SMA was located near 1,945.00. In the near term future, the 50-hour simple moving average might push the price down and through the
On Friday, the GBP/USD bounced off the resistance zone at 1.2390/1.2395 and the 100-hour simple moving average. However, the decline was actually caused by fundamental events. The US PCE Inflation data caused a surge of the value of the US Dollar. On Monday, the pair found resistance in the 100-hour simple moving average and support appeared to be provided by
The EUR/USD has recently encountered resistance near 1.0760 and found support at 1.0700 level. However, by mid-Monday, the rate was at the same levels as on Thursday and Friday. A decline of the pair is expected to look for support in the 1.0700 mark and the weekly S1 simple pivot point at 1.0673. Further below, the weekly S2 might
The Turkish Lira has reached a record low level against peer currencies. The USD/TRY traded above 20.0750 during mid-European hours. The drop of the currency was caused by the re-election of Recep Rayyip Erdogan as the country's President. Erdogan has extended his rule in Turkey for a third decade. In general, the re-election of the current head of state
The Turkish Lira has reached a record low level against peer currencies. The USD/TRY traded above 20.0750 during mid-European hours. The drop of the currency was caused by the re-election of Recep Rayyip Erdogan as the country's President.
The Wall Street Journal has reported that the person, which reported on a major bribery case at Ericsson in 2019, has been awarded $279 million by the US Securities and Exchange Commission.
The worldwide grain trader Viterra has been negotiating a merger with US competitor Bunge. The deal might reshape how global grain trade operates.
The New York City Banking Commission has voted to stop deposits into the city's accounts at Capital One and KeyBank after a failure of the bank to submit anti-discrimination plans.
The US Justice Department has revealed that in the upcoming months it would take actions against short sellers, which are being blamed for the recent US regional bank rout.
The US Bureau of Economic Analysis has just published its monthly Core PCE Price Index. The index was expected to reveal personal consumption expenditures to have increased by 0.3%. The actual increase has been revealed to be 0.4%.