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The ongoing spread of a cocoa bean disease in West Africa continues to disrupt the market. On March 26, the cocoa price hit the $10,000 mark. The price has surged 136.44% in 2024 by gaining $5,852.45.
Reuters has reported that Chinese regulators are pressuring commercial banks to speed up the approval of new loans for private real estate developers.
The United States defence company Northrop Grumman Corporation has been trading each quarter depending on their financial results. Most recently, the stock dropped as low as 426.50. Following the drop, the price has recovered. On March 20, the stock reached a trend line that has acted as resistance since late 2022. A move above the trend line is expected to
The US aeronautics and defence company Lockheed Martin has been all over the news for a couple of years due to various countries increasing defence spending. In general, LMT is selling the world rockets and fighter jets. However, the increased demand has not resulted in a broad surge. Since the initial pop up in early 2022, the firm has
The US pharma company AbbVie has decided to acquire the drug development firm Landos Biopharma for $212 million.
The Swedish tech firm Ericsson has announced that the firm would fire 1,200 employees due to a reduction in investment spending.
The Chief Executive Officer of Boeing Dave Calhoun is set to step down by the end of the year, as the board of the company has decided to shake up the management.
The major tech firm has announced that it would continue on to defend its compliance with the European Union's Digital Marketing Act, as the company claims to have made changes to comply with the new law.
The weight loss drug maker Novo Nordisk has acquired Cardior Pharmaceuticals for $1.1 billion to improve the company's cardiovascular segment.
Reuters has published a report that describes how a potential US interest rate cut might increase the chances of a re-election of the US President Joe Biden.
On Friday, the price was finding support in the 2,161.40/2,164.90 zone. During the second part of the day's trading, the price passed below this zone. However, at 2,157.40 a rebound started. By mid-Monday, the price had recovered and traded above the 50, 100 and 200-hour simple moving averages near 2,175.00. Economic Calendar Analysis This week, the financial markets could react to a
In general, the situation and the analysis of the rate has not changed since Friday. The USD/JPY remains below the 152.00 mark, which is the 2022 high level. Meanwhile, support is found in the 151.00 and 150.50 levels. In addition, the 50 and 100-hour simple moving averages have been acting as support. Economic Calendar This week, the financial markets could react to
The European Union regulators have decided to probe Apple, Google and Meta under the new EU Digital Markets Act.
Despite moving below the 1.2590/1.2610 range, the GBP/USD did not extend the decline. Instead, buying started at 1.2580 and the pair managed to recover. By mid-Monday, the rate was approaching the 1.2650 level and the weekly simple pivot point at 1.2659. Economic Calendar This week, the financial markets could react to a couple of United States macroeconomic events. First of all, the
As expected, the EUR/USD has reached the 1.0800 mark. The round level acted as support and caused a recovery. By mid-Monday's trading, the rate was above the 50-hour simple moving average and the 1.0840 level. Economic Calendar Analysis This week, the financial markets could react to a couple of United States macroeconomic events. First of all, the publication of the US Final
On Friday, the price was finding support in the 2,161.40/2,164.90 zone. During the second part of the day's trading, the price passed below this zone. However, at 2,157.40 a rebound started. By mid-Monday, the price had recovered and traded above the 50, 100 and 200-hour simple moving averages near 2,175.00. A recovery of the commodity price is set to face
In general, the situation and the analysis of the rate has not changed since Friday. The USD/JPY remains below the 152.00 mark, which is the 2022 high level. Meanwhile, support is found in the 151.00 and 150.50 levels. In addition, the 50 and 100-hour simple moving averages have been acting as support. A move above 152.00 could encounter resistance in
Despite moving below the 1.2590/1.2610 range, the GBP/USD did not extend the decline. Instead, buying started at 1.2580 and the pair managed to recover. By mid-Monday, the rate was approaching the 1.2650 level and the weekly simple pivot point at 1.2659. A move above the weekly simple pivot point at 1.2659 could encounter resistance in the 100 and 200-hour simple
As expected, the EUR/USD has reached the 1.0800 mark. The round level acted as support and caused a recovery. By mid-Monday's trading, the rate was above the 50-hour simple moving average and the 1.0840 level. An extension of the ongoing recovery could face resistance in the combination of the 1.0850 level, the weekly simple pivot point at 1.0850 and the
The US National Highway Traffic Safety Administration has forced Chrysler to recall 286,000 cars that have a defect which causes a rupture of airbag inflators.
As Boeing has been suffering with quality issues, Airbus has clenched orders for Boeing's customers. Two Asian airlines have ordered 65 jets from the European company.
The dollar denominated government bonds of Argentina have experienced a surge and reached an all-time high level. This surge has been attributed to the President Javier Milei managing to transform the country's economy.
Reuters has published a report that has revealed that Japanese firms are set to face financial difficulties due to the Bank of Japan raising interest rates. Namely, companies have priced in lower borrowing costs for future investments.
Bloomberg News has revealed that Chinese authorities have been investigating PricewaterhouseCoopers for its part in the $78 billion Evergrande fraud.