One of the largest oil companies Exxon Mobil Corp. has begun preparations for a gradual shutdown of production at its oil refinery in Foz-sur-Mer in southern France due to a strike launched by trade unions, employees are demanding higher wages to cover inflation. Salary negotiations are scheduled for September. The unions want the management to also commit to paying the ...
The pound/dollar pair is traded on an hourly chart within the framework of a downtrend. It shows that the euro/dollar exchange rate is trading below the level of the moving average with a period of 55 on the hourly chart (the level of 1.2149), which disposes to lower prices in the short term. I recommend working from sales within the framework of this wave model.The ...
The euro/dollar pair is traded on an hourly chart within the framework of an uptrend. It shows that the euro/dollar exchange rate is trading above the level of the moving average with a period of 55 on the hourly chart (level 1.0452), which disposes to a price increase in the short term. I recommend working from sales within the framework of this wave model.The ...
Technology corporation Meta Platforms expects that the second half of the year will become more difficult, as the company faces macroeconomic pressures and problems with data privacy in the advertising segment. The company's management believes that in difficult times, Meta should prioritize more ruthlessly and work flawlessly in conditions of slower growth, when you ...
Google, owned by Alphabet Inc, has agreed to pay $90 million to settle a legal dispute with app developers. Earlier, developers accused Google of using agreements with smartphone manufacturers and technical barriers to make most payments through its Google Play payment system, for the use of which you have to pay a commission of 30%.In addition, Google said it would ...
The market the day beforeThe session on June 30, the main American stock exchanges ended in the red zone. The S&P 500 lost 0.88%, closing at 3,785 points. Nasdaq and Dow Jones fell by 1.33% and 0.82%, respectively. Eight of the 11 sectors in the S&P 500 ended the day in negative territory. Real estate companies (+0.33%) and utilities (+1.10%), as well as ...
The market the day beforeTrading on June 29, the main benchmarks of the US stock market ended in different directions. The S&P 500 dropped 0.07%, closing at 3,819 points, the Nasdaq lost 0.03%, the Dow Jones added 0.27%. Issuers from the healthcare sectors (+0.87%) and discretionary consumer goods (+0.49%) showed positive dynamics. Energy companies (-3.43%) ...
At trading in Asia on Thursday, the EUR/USD currency pair is trading with a decrease in quotations, remaining within the current support level at 1.0432 with the resistance level at 1.0544. The four-hour chart is developing noticeably below the exponential moving averages, demonstrating the bearish potential of the current market trend in the short term.Moving ...
The "pearl in the crown of Switzerland" and one of the richest banks in the country, Credit Suisse, is again at the center of a scandal: the company was fined 2 million francs for legalizing the proceeds from international cocaine trafficking.As it turned out, the capital of the Bulgarian mafia was stored in Credit Suisse. From 2004 to 2008, the bank conducted ...
The Nasdaq Composite index has already lost more than 30% since the beginning of the year. And according to Alan Greenspan, the iconic chairman of the Fed, if the stock market falls by 30-40% in a few weeks or months, then it's a bubble.So, what's in our yard? Maybe this is the dotcom 2.0 crisis?The Dotcom Bubble in 2000: How the market collapsed 20 years ...
In 2019, the "sub-sanctioned" Iran began to increase oil supplies in circumvention of sanctions. Mostly tankers went to China and the Mediterranean: Syria and Turkey. And by the beginning of 2022, the fleet for transporting sanctioned Iranian and Venezuelan oil had tripled. It accounted for approximately 400 million barrels per year. And such a "ghost armada" successfully ...
Today, on June 9, Ethereum developers informed the community about the successful merger of the oldest Ethereum Ropsten test network using the Proof-of-Work algorithm with the Beacon test network using the Proof-of-Stake consensus algorithm, which was one of the final test steps before the full update of the Ethereum 2.0 network.Repeated testing of the chain with ...
Duties on the import of solar cells have been canceled. On Monday, President Biden declared a state of emergency in the United States. The reason is not a natural disaster, as one might think, but the threat of a shortage of electricity. It, in turn, is associated with a shortage of production capacity, according to the White House.The reaction of the ...
The governor of the Bank of England, Andrew Bailey, said that bitcoin is impractical as a means of payment. While cryptocurrencies are not being calculated massively. But today, large companies not only use blockchain, but also accept crypto as payment:Coca-Cola. In 2020, the corporation's Asia-Pacific division announced that it would allow ...
ECB Council member Pablo Hernandez de Cos believes that the EU economy will not reach the pre-pandemic level until the end of the second half of 2023.The governor of the Spanish central bank has joined the chorus of ECB policymakers calling for the first rate hike in more than a decade to curb the highest inflation rate since the creation of the euro and prevent ...
Speaking at the Bitcoin 2022 conference in Miami, the president of the autonomous region of Madeira, Miguel Albuquerque, made several ambitious statements about the prospects of Bitcoin on the islands."I believe in the future and I believe in Bitcoin," Albuquerque said.He recalled that de facto, Bitcoin is already a legal means of payment on the island, since ...
In terms of activity, the Pound Sterling currency pair against the New Zealand Dollar (GBP/NZD) is one of the most volatile crosses with GBP, which is what many investors use, but the pair is still considered quite exotic.The British pound vs New Zealand dollar cross-pair is a financial instrument in which Sterling Pounds purchased for New Zealand Dollars are the ...
The interbank Forex currency market has been operating for more than 40 years, but the controversy surrounding it has not subsided yet. There is no doubt about the existence of Forex – it is traded by governments of countries, major international banks, corporations, brokerage and dealer companies, etc. Daily turnover reaches several trillion dollars and is constantly ...
Acquaintance with the financial market begins with the identification of participants and the exact clarification of their functions. The market assumes the presence of the main actors on it – traders. That is, a trader is a person who directly trades, the main market participant. This term can be applied to all types of markets. If we talk specifically about the ...
ECN technology first appeared in 1999 and has been actively conquering the financial services market ever since. More and more ECN brokers and companies offering ECN accounts began to appear. But let's figure out how this transaction execution system differs from others, what advantages and disadvantages it has, and whether all traders really need to choose ECN accounts ...
