1.BMW:-BMW lowered its profit margin expectations for its automotive segment for 2022 due to the war in Ukraine, the German carmaker said on Wednesday. BMW Group now predicts growth of earnings before interest and taxation (EBIT) in its car segment in a range of 7-9% due to the war’s...
GENERAL MOTORS Technical Analysis: Weekly Chart In the weekly charts, GENERAL MOTORS was trading in the down channel. It is trading below all SMA. The immediate support is 39.96 & the resistance level is at 44.00. GENERAL MOTORS was trading in the down channel before the breakout downside. GENERAL...
EURUSD is trading up 0.70% at 1.0971 The euro and other European currencies edged up on Wednesday ahead of this week’s central bank meeting and supported by reports that the European Union was discussing joint bond issuance to finance energy and defence spending. After touching a 22-month low on...
AUDNZD Technical Analysis: Weekly Chart In the weekly charts, AUDNZD is trading in an up channel. It is trading above all SMA. The immediate support is 1.0611 & the resistance level is at 1.0692. AUDNZD is trading in the up channel until there is a trend reversal. AUDNZD Technical...
Dollar Index is trading up 0.76% at 99.254 The U.S. dollar tracked higher while the euro slumped to a fresh low as soaring crude prices raised fears that the war in Ukraine will result in a stagflation shock, particularly to countries in Europe. At 3:20 AM ET (0820 GMT),...
NZDCAD Technical Analysis: Weekly Chart In the weekly charts, NZDCAD is trading in a down channel. It is trading above 20 days SMA & below 50 and 100 days SMA. The immediate support is 0.8631 & the resistance level is at 0.8762. NZDCAD is trading in the down channel...
AUD/USD is trading up 0.04% at 0.7276 Australia’s economy rebounded in the fourth quarter, with a gain of 3.4% QoQ, just shy of the consensus of 3.5%. This is an impressive turnaround from Q3, which came in at -1.9%. The primary driver of the robust reading was consumer spending,...
EUR/USD is trading down 0.31% at 1.1183 The Russian rouble plunged and the euro nursed losses against the U.S. dollar on Monday as the West ramped up sanctions against Russia over its Ukraine invasion, prompting investors to shun riskier currencies. Western allies have ramped up efforts to punish Russia...
USDNOK Technical Analysis: Weekly Chart In the weekly charts, USDNOK is trading in an up channel. It is trading above 20 and 50 days SMA & below 100 days SMA. The immediate support is 8.7775 & the resistance level is at 9.0442. USDNOK is trading in the up channel...
USD/CAD is trading up 0.04% at 1.2817 The Canadian dollar weakened to its lowest level since December against its U.S. counterpart on Thursday as Russia’s invasion of Ukraine triggered a flight to safety in global financial markets. Stock markets globally slumped and the safe-haven U.S. dollar rallied after the...
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