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Thu, Jan 09, 2025 07:37 PM All times are UTC

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FxWirePro: USD/CAD bulls undeterred, eyes 23.6%fib resistance

Oct 14, 2024 16:09 pm UTC| Technicals

USD/CAD rose on Monday as lower oil prices and stronger greenback weighed on commodity linked Canadian dollar. Oil prices declined about 2% OPEC on Monday cut its forecast for global oil demand growth in 2024 and also...

FxWirePro: USD/ CNY uptrend resumes rise towards key fibo at 7.085

Oct 14, 2024 14:56 pm UTC| Technicals

USD/ CNY strengthened on Monday as Chinas yuan weakened as Chinas broad economic stimulus promises made over the weekend failed to inspire investors across the globe. The Chinese government announced plans on Saturday...

FxWirePro- BTCUSD Daily Outlook

Oct 14, 2024 11:40 am UTC| Digital Currency Technicals

Intraday bias - Bullish Intraday level to watch - $550 Any close above $620 confirms a bullish continuation. BNBUSDtrades in a narrow range between $586 and $pared some of its gains after forming a...

FxWirePro: USD/ZAR gaining momentum for a move towards 17.600 level

Oct 14, 2024 11:17 am UTC| Technicals

The USD/ZAR strengthened on Monday as South Africas rand weakened amid a risk-off mood driven by an underwhelming China fiscal stimulus. The focus was firmly on China where the government on Saturday pledged to...

FxWirePro- Buy EURJPY on dips

Oct 14, 2024 10:13 am UTC| Technicals

Potential Reversal Zone (PRZ)- 162.38 The EUR/JPY currency pair has shown a range-bound behavior recently, with key levels and market sentiment influencing its movement. It hit alow of 161.90 the previous week and is...

FxWirePro-Major pair market sentiment (CCI-ADX-EMA Setup) (European Session)

Oct 14, 2024 10:09 am UTC| Technicals

Pair 4-Hour 8-hour Major resistance Major Support Trend...

USDCHF holds above 0.8600 on strong US dollar,good to buy on dips

Oct 14, 2024 08:55 am UTC| Technicals

Intraday bias remains bullish as long as support 0.84990 holds. It hit ahigh of 0.86026 at the time of writing and is currently trading around 0.85960. The PPI for final demand was flat in September after a 0.2%...

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Economy

China's Inflation Struggles: December CPI Signals Deflationary Concerns Amid Weak Demand

Chinas CPI for December 2024 was reported to have come in at a yearly growth of 0.1%, which matched market expectations yet fell short of the November reading of 0.2%. The slight fall has continued to depress inflationary...

Mizuho Reveals January US Top Picks: Chewy, GE Vernova, and More

Mizuho has unveiled its January US Top Picks, spotlighting Chewy, GE Vernova, Enliven Therapeutics, Quest Diagnostics, DuPont, and Salesforce. These companies align with Mizuhos high-conviction investment ideas, driven by...

RBC Upgrades Utilities Sector While Downgrading Energy

RBC Capital Markets has upgraded the Utilities sector to Overweight, naming it the top defensive sector, while downgrading Energy to Market Weight. The decision follows a survey of RBCs US analysts, which revealed...

Stock Futures Rise Amid Economic Data and Earnings Warnings

US stock futures edged higher Wednesday, signaling a possible rebound after Tuesdays dip driven by strong economic figures. By 03:27 ET, SP, Nasdaq, and Dow futures rose 0.2% each. The previous session saw declines as...

Morgan Stanley’s Wilson Predicts Choppy Start, Brighter Second Half for 2025

Morgan Stanleys Chief US Equity Strategist, Mike Wilson, forecasts a volatile first half of 2025, with recovery prospects improving in the latter half. Speaking to Bloomberg Television, Wilson noted that recent stock and...

Politics

Robert F. Kennedy Jr.’s Path to HHS Sparks Fierce Debate over Health and Leadership in America

Robert F. Kennedy Jr., a controversial figure in health advocacy, is reportedly on the verge of securing the votes necessary for confirmation as Secretary of Health and Human Services (HHS). The development has ignited...

Department of Justice Faces Scrutiny Over $100 Million Spent on Controversial DEI Programs in Four Years

The Department of Justice (DOJ) has come under fire following revelations that it spent over $100 million on diversity, equity, and inclusion (DEI) programs in the last four years, according to a report by Fox News. The...

Biden Honors Jan. 6 Committee Members With Prestigious Award, Sparking Fierce Debate Across the Nation

President Joe Biden is set to award the Presidential Citizens Medal to key members of the Jan. 6 committee, including Republican Liz Cheney and Democrat Bennie Thompson. The announcement, first reported by Axios, has...

Elon Musk Sparks Outrage With Explosive Accusations Against Biden’s Border Policies

Tech mogul Elon Musk has once again stirred controversy, this time with his incendiary claim that President Joe Bidens open-border policies constitute 100% treason. The bold accusation, made via Musks widely followed...

Biden’s Bold Move to Permanently Ban Offshore Oil Drilling Sparks Nationwide Debate Before Trump Takes Office

In a dramatic end-of-term decision, President Joe Biden is reportedly planning to implement a permanent ban on offshore oil drilling in key areas, according to Bloomberg. The move is seen as a final effort to solidify his...

Science

Bill Gates’ Shocking New Malaria Solution Unveiled as Genetically Modified Mosquitoes Turn Into Flying Vaccinators

In a groundbreaking and controversial move, researchers funded by the Bill and Melinda Gates Foundation at Leiden University Medical Center have developed a revolutionary approach to combat malaria. The team has created...

Explosive CIA Whistleblower Claims Havana Syndrome Victims Face Cancer, Dementia, and Government Betrayal

A former CIA operative has come forward with alarming allegations, claiming that victims of the mysterious Havana Syndrome are now battling devastating health issues, including cancer, dementia, and Parkinsons disease. The...

FDA Approval of Opdivo Injection Sparks Hope for Cancer Patients with Revolutionary Treatment Update

In a significant advancement for cancer care, the U.S. Food and Drug Administration (FDA) has approved an injectable version of Bristol Myers Squibbs blockbuster cancer drug Opdivo. Branded as Opdivo Qvantig, the new...

Public Health Experts Warn of ‘Quad-Demic’ as Flu, COVID, RSV, and Norovirus Threaten Winter Surge

Public health experts are raising alarms over a potential quad-demic this winter, with flu, COVID-19, respiratory syncytial virus (RSV), and norovirus all expected to surge simultaneously. This unprecedented convergence of...

Philippines' 'Missile Acquisition' Plan Provokes China's 'Arms Race' Warning

The Philippines has announced plans to acquire the U.S.-developed Typhon missile system to bolster its maritime defense capabilities. This decision has elicited strong reactions from China, which warns that such a move...

Technology

Big Tech's Dominance Poses Risks for 2025 Markets

Market concentration remains a significant risk as 2025 begins, according to Barclays strategists. The continued dominance of mega-cap Tech limits a broad-based rise in US equities, with Big Tech maintaining an outsized...

Galaxy Z Flip FE and Watch8 Classic Rumored in Database Leak as Samsung Plans August Unpacked Reveal

The Galaxy Z Flip FE and Watch8 Classic have surfaced in a database, fueling rumors about their global debut at Samsungs highly anticipated August Unpacked event. These devices highlight Samsungs push toward affordability...

Apple Skips TSMC’s Pricey 2nm Chips for iPhone 17 Pro Over Steep Costs and Limited Production

Citing high production costs and limited capacity, Apple has delayed using TSMCs 2nm chips in its iPhone 17 Pro models. The advanced chips are now expected in 2026 with the iPhone 18 Pro series. Apple Delays iPhone 17 Pros...

MINISO Stock Climbs as 'Black Myth Wukong' Alliance Sparks Global Excitement

MINISO shares soared in Hong Kong and New York after announcing a partnership with Black Myth Wukong, Chinas groundbreaking AAA game. The collaboration includes co-branded products set for 2025, reflecting MINISOs drive to...

Apple Faces $95 Million Settlement Over Siri Recordings Linked to Privacy Breaches and User Ads

Apple has settled a class action lawsuit for $95 million over claims that its Siri assistant recorded private conversations and disclosed them to advertisers. Millions of users are eligible for compensation, with the class...