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FxWirePro –USDCAD Daily Outlook

Jun 13, 2022 08:50 am UTC| Technicals

Intraday bias - Bullish USDCAD gained more than 300 pips in the past four days on board-based US dollar buying. US CPI came at 8.6% in May compared to a forecast of 8.3%, the largest YOY increase in 40 years....

FxWirePro- GBPJPY Daily Outlook

Jun 13, 2022 08:43 am UTC| Technicals

GBPJPY showed a follow-through selling after a massive sell-off on Friday. The weak Pound sterling against USD on policy divergence between US Fed and BOE. The dismal UK GPD also putting pressure on the Pound sterli ng at...

FxWirePro: AUD/USD retraces from session lows, takes support at 0.70 handle

Jun 13, 2022 07:25 am UTC| Technicals

Chart - Courtesy Trading View Spot Analysis: AUD/USD was trading 0.22% lower on the day at 0.7027 at around 05:55 GMT Previous Weeks High/ Low: 0.7247/ 0.7037 Previous Sessions High/ Low: 0.7137/...

FxWirePro: USD/JPY breaks above 135 handle, hits 24-year high at 135.197

Jun 13, 2022 05:52 am UTC| Technicals

Chart - Courtesy Trading View USD/JPY was trading 0.35% higher on the day at 134.84 at around 05:40 GMT. The pair broke above 135 handle to hit 24-year high at 135.19 before paring some gains. Red hot U.S. inflation...

FxWirePro- Gold Weekly Outlook

Jun 13, 2022 05:52 am UTC| Technicals

Ichimoku Analysis (Weekly chart) Tenken-Sen- $1892.66 Kijun-Sen- $1911.92 Gold price lost its shine on upbeat US inflation data. It came at 8.6% in May compared to a forecast of 8.3%, the largest YOY...

FxWirePro: EUR/NZD remains at risk of an eventual drop to A major fibo

Jun 10, 2022 22:38 pm UTC| Technicals

EUR/NZD initially dipped but recovered some ground as rate hike, inflation angst soured risk sentiment. EUR/NZD drops below the 5-DMA , slide halts at the 1.4938(38.2%fib),break below will accelerate towards 1.4850...

FxWirePro:EUR/AUD down trend on the brink of resuming

Jun 10, 2022 22:10 pm UTC| Technicals

EUR/AUD dipped on Friday as the mood remained bearish amid rising rising concerns about inflation and interest rate hikes. The European Central Bank confirmed on Thursday that it will hike interest rates by 25 basis...

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Economy

US Dollar Stays Steady Amid Economic Mixed Signals as Global Inflation Reports Loom

US dollar index is trading in a narrow range between 106.33 and 106.96 in past one week due to mixed US economic data. As of November 14, 2024, the Producer Price Index (PPI) showed no change from the previous...

Russia Cuts Gas to Austria in Payment Showdown: EU Energy Crisis Takes a Heated Turn

In a dramatic escalation of Europes energy woes, Russia abruptly halted gas supplies to Austria on Saturday over a contentious payment dispute involving Austrias largest energy firm, OMV, and Russian state-owned Gazprom....

Why Inflation Won’t Stop Tariffs: ‘The Political Agenda Matters More,’ Warns Economist

As inflation continues to strain household budgets, voters remain deeply concerned about rising costs. Yet, according to UBS Chief Economist Paul Donovan, inflation fears are unlikely to deter the United States from...

‘Trump Trade’ Economics Explained: How Tariffs, Deregulation, and Spending Plans Could Reshape the Market

The Trump trade is back in focus following the dramatic market reactions to Donald Trumps return to the White House. With equities soaring, Treasury yields climbing, and the U.S. dollar strengthening, Bank of America...

‘Republican Power Play’: Trump’s Second Term Brings ‘Explosive’ Shifts in Congress Compared to 2016 Sweep

The Republican Partys decisive victory in the 2024 elections has reignited comparisons to its 2016 sweep that handed the GOP control of both the White House and Congress. However, while the broad goals of the Republican...

Politics

Coinbase CEO Armstrong's Game-Changing Proposal to Musk’s D.O.G.E.: Sovereign Wealth and Spending Caps

Brian Armstrong, CEO of Coinbase, has challenged Elon Musks D.O.G.E. commission with a game-changing proposal: implement a government spending cap and establish a U.S. sovereign wealth fund distributing dividends to...

Lummis Calls on Treasury to Swap Gold for Bitcoin in Strategic Reserve Plan

Wyoming Senator Cynthia Lummis is urging the U.S. Treasury Department to convert a portion of its gold holdings into Bitcoin, proposing the creation of a strategic Bitcoin reserve to address inflation and the soaring...

Dana White Doubles Down on Election Controversy: ‘Harris Only Won States Without Voter ID’

UFC President Dana White has entered the political fray with remarks that ignited heated debates regarding voter identification laws and the 2024 presidential election. White, known for his unapologetic opinions, allegedly...

Detroit Lions Celebrate Victory with 'Trump Dance,' Sparking Social Media Firestorm

In an electrifying display of victory, the Detroit Lions celebrated their latest win with a unique and eyebrow-raising dance move that has since been dubbed the Trump dance. The celebratory moment, captured during their...

Americans Overwhelmingly Back Mass Deportation Amid Border Crisis: 'The Tipping Point Has Been Reached'

A new poll reveals a striking shift in public sentiment as the majority of Americans now support mass deportation, citing frustration over record-breaking border crossings during the Biden administration. Conducted by ABC...

Science

Blue Origin Prepares to Test New Glenn Rocket, Set to Rival SpaceX's Falcon Rockets

Blue Origin is making significant strides toward testing its New Glenn rocket, designed to compete with SpaceXs Falcon lineup. With seven BE-4 engines producing 3.8 million pounds of thrust, the New Glenn is set to test...

SpaceX’s $2.9 Billion Moon Ship Reveals Spacious Design for Future Lunar Missions

SpaceXs latest prototype of its Starship Human Landing System (HLS) offers an inside look at the spacious, two-story design that could soon carry astronauts to the Moon. A central feature in NASAs Artemis program, this...

CDC Urges Second COVID-19 Vaccine for Seniors: ‘Protect Your Health This Season!’ Experts Say It’s Critical

In a recent public health announcement, the Centers for Disease Control and Prevention (CDC) recommended that individuals aged 65 and older receive a second dose of the 2024-2025 COVID-19 vaccine. This additional dose, the...

Breakfast Secrets: 'Fiber-rich Foods Are the Key to Weight Loss!' Experts Reveal Shocking Truth

Health experts often emphasize the importance of a balanced diet combined with regular exercise for weight management. However, for many, achieving these goals can be a daunting challenge. Instead of drastic food...

Scabies Surge Sparks Alarm: Doctors Warn Brits, 'Don't Ignore That Rash!'

Doctors in the United Kingdom are sounding the alarm over a dramatic rise in scabies cases, urging residents not to dismiss any signs of the itchy skin condition. Recent data shows that hospitals detected approximately...

Technology

Shiba Inu Set for Major Rally as Golden Cross Signals 23% Price Surge

Shiba Inu, the meme-inspired cryptocurrency, appears poised for a significant price increase as a golden cross forms on its daily chart. This bullish indicator suggests SHIB could surge by 23%, following a healthy...

Bitcoin’s Bull Run Sparks $135K Ceiling Forecast, but Could a $70K Correction Be Inevitable?

CryptoQuant CEO Ki Young Ju projects Bitcoins price ceiling at $135K, but analysts highlight leveraged market risks that could lead to a correction to $70K. ETF inflows and bullish trends fuel optimism amid market...

XRP Surges 82%, Golden Cross Signals Historic Breakout Beyond $1.265

XRPs price skyrocketed over 80% this week, reaching $1.265, its highest in three years. A rare golden cross pattern on the weekly chart hints at what could be a historic price rally for the cryptocurrency. XRP Rockets...

Trump’s Crypto Win Rocks Ethereum: Bitcoin Soars, ETH Slumps ‘More Brutal Than I Expected’

Ethereums decline against Bitcoin has surprised experts, with Lyn Alden calling the drop more brutal than expected. Despite Trumps crypto-friendly administration, Bitcoin surged 31%, leaving Ethereum struggling with a...

Tyler Winklevoss: D.O.G.E. Could Be the US’s Secret Weapon Against Rising Inflation

Tyler Winklevoss, co-founder of Gemini, supports D.O.G.E.s innovative approach to tackling inflation while criticizing the SECs restrictive stance. He emphasizes Bitcoins potential as digital gold amid U.S. economic...