On Tuesday, the EUR/USD pair experienced some price movements. Let’s break down the key levels and potential scenarios for traders to watch. Recent Price Action Support: The pair found support above 1.0795. Resistance: It encountered resistance below 1.0835. This suggests that after a short-term rise, the EUR/USD could continue its downward trend. Key Levels to…
Taylor Wimpey has welcomed Labour’s planning reforms as an “important early step” to delivering more homes across England, as its half-year profits fell by nearly 60%. The UK’s second biggest housebuilder said the new government’s proposed changes to the National Planning Policy Framework (NPPF) marked an important move to address the negative impact that planning…
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Yesterday, after the main trading session on the Nasdaq, Microsoft released its second-quarter report:→ Earnings per share: actual = $2.95, forecast = $2.93;→ Gross revenue: actual = $64.72 billion, forecast = $64.38 billion. Despite key figures exceeding analyst expectations, MSFT’s share price plummeted, falling below the psychological threshold of $400 in after-hours trading. Investor disappointment…
AUD/USD declined heavily from well above 0.6650. NZD/USD also tumbled and is now attempting a recovery from 0.5850. Important Takeaways for AUD USD and NZD USD Analysis Today · The Aussie Dollar started a major decline below the 0.6610 level against the US Dollar. · There is a connecting bearish trend line forming with resistance…
The Euro zone growth has been a focal point of economic discussions recently. In the second quarter of 2024, the region’s economy grew by 0.3%, surpassing expectations despite the challenges posed by a contraction in Germany. This unexpected increase in Euro zone GDP Q2 signals a cautious recovery, offering a glimmer of hope amid prevailing…
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Key Highlights Gold is attempting a fresh increase from the $2,350 support zone. It cleared a connecting bearish trend line with resistance at $2,388 on the 4-hour chart. Oil prices extended losses and traded below $75.50. The US ADP employment could change by 150K in July 2024. Gold Price Technical Analysis Gold prices found support…
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