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FxWirePro- Currency Strength Index (4- Hour chart)- Currency pairs to watch(EURGBP and CHFJPY) for the day

May 18, 2022 09:47 am UTC| Technicals

Pair Value Recommendation EURGBP 379.96 Strong Buy CHFJPY -340.16 Strong Sell EURGBP Major resistance- 0.8535 Near-term support- 0.8430 Trend reversal...

FxWirePro- Currency Strength Index (4- Hour chart)- Currency pairs to watch(USDCAD and CADJPY) for the day

May 18, 2022 09:40 am UTC| Technicals

Pair Value Recommendation EURGBP 379.96 Strong Buy CHFJPY -340.16 Strong Sell EURGBP Major resistance- 0.8535 Near-term support- 0.8430 Trend reversal...

FxWirePro- GBPJPY Daily Outlook

May 18, 2022 09:21 am UTC| Technicals

GBPJPY declined sharply after upbeat UK inflation data. The yearly CPI came at 9% in Apr 40-year high as energy prices soars. Any breach below 1.2350 confirms intraday bearishness. GBPJPY hits an intraday low of 159.85 and...

FxWirePro: S&P500 Daily outlook

May 18, 2022 09:02 am UTC| Technicals

Major support- 3800 SP500 has formed double bottom around 3850 and shown a minor pullback. The index regained above 4000 on upbeat market sentiment. Aggressive tightening measures by Fed put pressure on the...

FxWirePro-USDCHF Daily Outlook

May 18, 2022 08:58 am UTC| Technicals

The pair pared gains made the previous week on US dollar profit booking. US dollar gained after Fed chairman comments. He said that the Central bank plans to be more aggressive if inflation pressure continues. US retail...

FxWirePro: EUR/GBP bounces off 200-DMA support, pound dampened as UK inflation misses forecasts

May 18, 2022 07:29 am UTC| Technicals

Chart - Courtesy Trading View EUR/GBP was trading 0.35% higher on the day at 0.8469 at around 07:20 GMT, up from session lows at 0.8432. The pair has bounced off major support at 200-DMA after the British pound was...

FxWirePro: GBP/CHF hovers around 200-DMA, pound remains bid ahead of UK inflation data

May 18, 2022 05:54 am UTC| Technicals

Chart - Courtesy Trading View The British pound gained traction overnight as a reaction to upbeat UK employment data, pushing the pair higher. UK inflation data for April month is due early on Wednesday at 06:00 GMT....

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Economy

Amorepacific apologizes for employees’ ₩3 billion heist

AmorePacific, a South Korean beauty, and cosmetics chaebol issued an apology on Tuesday, May 17, after it was revealed that three of its staff stole money from the company. The employees were said to have embezzled a total...

Reebok stores in Russia up for sale, Turkish retailer FLO Magazacilik reportedly in talks to take over

Reebok is selling over 100 of its stores in Russia and Turkeys retail company, FLO Magazacilik, is currently in discussion for the acquisition of the properties. The talks were reportedly confirmed by the latters chairman,...

Samsung reportedly raising prices of its semiconductor products

Samsung Electronics Co. is reportedly mulling on hiking prices for its chips. It is considering up to a 20% increase, and this was first reported on Friday. The company is said to be currently in talks with foundry...

Court picks KG Group as SsangYong Motor preferred bidder

SsangYong Motor is in search of a new buyer after its acquisition deal with Edison Motors Company failed to push through. The race to acquire the South Koreabased automobile manufacturer opened again, and companies have...

Nike inks Stanford's Rachel Heck as first NIL golfer

US sportswear brand Nike has signed Stanford Universitys Rachel Heck as its first name, image, and likeness (NIL) golf athlete. Heck is presently ranked third in the World Amateur Golf Rankings, with significant...

Politics

Kevin McCarthy has 'nowhere to run' following subpoena from Jan. 6 committee, says former federal prosecutor

The congressional committee investigating the January 6 insurrection has moved towards issuing subpoenas to several sitting Republican members of Congress in recent weeks. According to a former federal prosecutor, House...

US House plans to move domestic terrorism bill for a vote this week

The recent mass shootings have renewed calls for action to curb any racially-motivated acts of violence around the US. House Democrats are planning to bring the domestic terrorism bill for a vote this week. In a report...

Joe Biden eases some policies on Cuba

US President Joe Biden and his administration made another reversal of some policies that were implemented under the Trump administration. This week, the Biden administration eased some of the policies regarding Cuba,...

North Korea: Kim Jong-un orders military to stabilize distribution of COVID-19 medicine

North Korea has been dealing with an outbreak of COVID-19 since it was first reported last week. North Korean leader Kim Jong-un has ordered his military to stabilize the distribution of medicine for COVID-19 in the...

Science

Hyundai Mobis’ monitoring system reduces drowsy driving risks by 30%

Hyundai Mobis Co. has come up with an in-house brainwave-based driver monitoring system that can reduce the risk of drowsy driving by up to one-third. The system, dubbed M.Brain, is a wearable earpiece that continuously...

California start-up Bionaut Labs to send tiny robots on voyage into brains

California start-up Bionaut Labs will conduct its first clinical trials on sending miniature robots deep inside the human skull to treat brain disorders The tiny injectable robots can be guided through the brain using...

Kirin, Meiji University develop electric chopsticks that make low-salt food taste salty

Food producer Kirin and Meiji University have developed a pair of chopsticks that stimulate the taste of salt in foods with low salt content through extensive research. This technology, which has yet to be named,...

Japanese researchers develop plastic with self-repairing powers

Japanese researchers have found a way to create self-repairing plastics that can be used in many products and reduce the amount of waste now polluting the planet. It might have practical applications for home...

Osaka University team proves safety of iPS-based cornea transplant

An Osaka University research team has concluded that the worlds first clinical trial, transplanting corneal tissues derived from induced pluripotent stem cells, or iPS cells, was safe and effective. According to the...

Technology

Bloober Team CEO responds to ‘Silent Hill 2’ remake rumors

Silent Hill is once again making headlines with rumors that multiple projects for the franchise are in the pipeline. The reports said Bloober Team is working on a remake of Silent Hill 2, but CEO Piotr Babieno said they...

YouTube Music for Wear OS adds support for Wi-Fi, LTE streaming

Google previously promised to make YouTube Music for Wear OS function more independently on smartwatches even when users do not have their phones nearby. That will come true this week as the company announced the imminent...

Sony unveils revamped PS Plus games lineup and free trials

There is only a week left before the all-new PS Plus goes live in some regions. Sony released a preview of popular first-party and third-party games available to download at launch. While the list of games with free trials...

AirPods could also shift to USB-C port in the ‘foreseeable future’

More reports have emerged suggesting that Apple is a step closer to ditching the Lightning port for USB-C. And analyst Ming-Chi Kuo provided more insight on the matter, noting that the tech giant is also planning on...
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