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On Monday the pair was once again approaching the 1.0875/1.0885 range. The range held and caused another decline of the pair that on Wednesday reached below the combination of the hourly moving averages and the weekly simple pivot point. Economic Calendar Analysis On Thursday, at 12:30 GMT the publication of the United States Preliminary GDP and Unemployment Claims could impact the market
The recovery of gold stopped at 2,360.00. The level held and caused a decline back to the 2,326.60/2,334.40 range that has acted as support. A recovery of the metal's price has to reach above 50 and 100-hour simple moving averages near 2,350.00 and the 2,360.00 mark. Higher above, the 200-hour SMA might act as resistance near 2,380.00, before teh 2,400.00
In general, the pair is still near 157.00. However, a new hihg was booked at midnight to Wednesday at 157.40. In the meantime, during the morning hours of the day, the pair confimred that the 50 and 100-hour simple moving averages are acting as support. A resumption of the prior surge of the Dollar against the Yen is set
The 1.2800 level has been reached as expected. It has acted as resistance and the scenario of a decline has been ongoing. At mid-Wednesday, the pair passed below the 200-hour simple moving average and the weekly simple pivot point near 1.2725. Next target was the 1.2700 mark If the 1.2700 level fails to hold, support could be looked for in
On Monday the pair was once again approaching the 1.0875/1.0885 range. The range held and caused another decline of the pair that on Wednesday reached below the combination of the hourly moving averages and the weekly simple pivot point. If the pair recovers, it might face resistance combination of the 50, 100 and 200-hour simple moving averages and the weekly
The President of the Minneapolis Federal Reserve Bank Neel Kashkari has stated to CNBC that the Fed needs to see more signs of declining inflation before a rate cut.
Reuters has reported that Amazon has been in talks with the Italian government about investing billion in expansion of cloud infrastructure.
In April, the inflation measure that is used by the Bank of Japan has declined and reached below the 2.0% measure for the first time since August 2022.
In 2023, Japan has remained world's top creditor, as its net external assets have reached a new record high level.
The online retailer AliExpress has recruited the famous UK football captain David Beckham for a promotional campaign.
Reuters has reported that Starbucks has been forced to reduce prices in China due to stiff local competition that has been taking the giant's market share.
Bill Gross, the famous bond investor, has been interviewed by Financial Times. Gross has stated that a return of Donald Trump to the US Presidency would reduce the value of bonds.
The Conference Board has published the CB Consumer Confidence reading. The data surprised the markets with a positive reading of 102.00 instead of the expected bad reading of 96.00. US Dollar index reacted to the news by extending an ongoing recovery against peer currencies.
The Conference Board has published the CB Consumer Confidence reading. The data surprised the markets with a positive reading of 102.00 instead of the expected bad reading of 96.00. US Dollar index reacted to the news by extending an ongoing recovery against peer currencies.
Reuters has reported that Saudi Aramco intends to sell the firm's shares as soon as June.
In May, as shown by business surveys, German business morale remained unchanged, compared to April.
At the G7 meeting, the Japanese representatives have confirmed a push against the excessive decline of the value of the Japanese Yen.
A proxy advisor Glass Lewis has advised Tesla shareholders to reject Elon Musk's $56 billion pay package. If approved, the pay would be the largest in US history.
The Bank of Japan is set to be more cautious with its inflation targeting efforts, as the Governor Kazuo Ueda has stated that the bank faces challenges reversing years of ultra-easy policy.
The Premier of China Li Qiang has revealed that he has encouraged Samsung to invest more money in China.
After another round of funding that raised $6 billion, the Elon Musk's AI project xAI has reached a total valuation of $24 billion.
The decline from the 2,450.00 level was larger than any short sellers expected, as on Friday the price was below 2,330.00. However, this week, the metal started to recover, as the short selling did not continue further below 2,330.00. Economic Calendar Analysis This week, the markets will concentrate first on the US CB Consumer Confidence release on Tuesday at 14:00 GMT. A
The pair has moved a bit higher by advancing above 156.00/156.30. Since Friday, the pair has been fluctuating around the 157.00 level, waiting for new fundamentals or approaching technical levels to push it higher. Economic Calendar This week, the markets will concentrate first on the US CB Consumer Confidence release on Tuesday at 14:00 GMT. A surprise in the consumer sentiment reading
Despite passing below the 1.2700 mark, the GBP/USD did not decline further, as it found support in the 200-hour simple moving average at 1.2675. On Monday, the rate was reaching new high levels and aiming at the 1.2800 level. Economic Calendar This week, the markets will concentrate first on the US CB Consumer Confidence release on Tuesday at 14:00 GMT. A surprise