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Mon, Nov 18, 2024 07:32 AM All times are UTC

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FxWirePro: WTI remains on the back foot for the third consecutive session, OPEC meeting in focus

Jun 02, 2022 12:30 pm UTC| Technicals

Chart - Courtesy Trading View WTI trades in the red for the third consecutive day. Outlook remains bearish. US oil came under renewed pressure on reports of Saudi Arabias likely increase of oil output. Reuters...

FxWirePro: AUD/JPY erases early losses, holds cloud base support to resume upside

Jun 02, 2022 11:07 am UTC| Technicals

Chart - Courtesy Trading View AUD/JPY was trading 0.10% higher on the day at 93.39 at around 11:00 GMT. The pair has edged higher from session lows at 92.84, finds strong support at daily cloud. Growing fears of...

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

Jun 02, 2022 10:01 am UTC| Technicals

Pair Value Recommendation AUDUSD 352.50 Strong Buy GBPJPY 355.21 Strong Buy GBPJPY Major resistance-163.50 Near-term support- 161.75 Trend reversal...

FxWirePro: EUR/JPY Daily Outlook

Jun 02, 2022 09:49 am UTC| Technicals

Chart - Courtesy Trading View EUR/JPY was trading 0.19% higher on the day at 138.74 at around 09:30 GMT, outlook bullish. The pair is grinding higher for the 6th straight session, hits fresh 5-week highs just shy of...

FxWirePro- USDCAD daily outlook

Jun 02, 2022 09:21 am UTC| Technicals

Significant Support - 1.2600 USDCAD recovered slightly after the hawkish Bank of Canada monetary policy. The Central bank hiked interest rates by 50 bpbs to 1-1/2. It stated that BOC going to act forcefully to...

FxWirePro- GBPJPY Daily Outlook

Jun 02, 2022 08:31 am UTC| Technicals

GBPJPY holds above 162 levels on a weak yen. The pound sterling dropped sharply after the upbeat US ISM manufacturing index. The renewed US dollar weakness supports GBPUSD at lower levels. Any breach above 1.2550 confirms...

FxWirePro: AUD/USD set for further weakness, 'Death Cross' and 'Gravestone Doji' weigh

Jun 02, 2022 06:22 am UTC| Technicals

Chart - Courtesy Trading View Spot Analysis: AUD/USD was trading 0.15% lower on the day at 0.7161 at around 06:05 GMT Previous Weeks High/ Low: 0.7166/ 0.7035 Previous Sessions High/ Low: 0.7230/...

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Economy

FxWirePro- Major Economic events for the week

Date Time Currency Event Actual Forecast Previous Tue Nov 19 12:30...

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...

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...