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Wed, Dec 25, 2024 05:20 AM All times are UTC

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FxWirePro: USD/ JPY loses momentum but maintains a bullish outlook

Dec 17, 2024 10:58 am UTC| Technicals

The USD/JPY eased slightly on Tuesday as markets cut expectations for a Japanese rate hike this week, shifting the focus to a possible move in January. The BOJ ended negative interest rates in March and raised its...

FxWirePro: USD/ZAR bulls gear up for next leg higher, eyes 18.200 level

Dec 17, 2024 10:34 am UTC| Technicals

USD/ZAR strengthened on Tuesday as the South African rand weakened against a stronger dollar as investors focused on the Federal Reserves interest rate decision. The Fed is expected to cut rates by 25 basis points on...

FxWirePro- Major European Indices

Dec 17, 2024 08:04 am UTC| Technicals

Germany DAX - 20282 (-0.25%) Major resistance- 21132 Near-term resistance - 20550/21000 Minor support- 20250/20000/19760/19587/19430/19285 Trend reversal level- 17000 The pair holds above...

FxWirePro- USDCHF Trade Idea

Dec 17, 2024 08:01 am UTC| Technicals

The pair surged sharply after mixed US economic data. Overall bias remains bullish as long as support 0.8780 holds. It hit a high of 0.89646 at the time of writing and is currently trading around 0.89644. The latest SP...

GBP/JPY Soars on Positive UK Jobs Data: Traders Eye Key Resistance Levels

Dec 17, 2024 07:38 am UTC| Technicals

The GBP/JPY currency pair surged after upbeat UK jobs data. It is currently trading at approximately 195.64. Notably, the Potential Reversal Zone (PRZ) is set at 200.20, indicating levels where traders may anticipate a...

FxWirePro: NZD/USD outlook weaker on renewed downside pressure

Dec 17, 2024 06:27 am UTC| Technicals

The NZD/USD dipped on Tuesday as dollar firmed ahead of U.S. Federal Reserve rate decision. All eyes will be on the Fed, particularly its projections for next year, with markets expecting a 25-basis-point cut on...

FxWirePro: USD/CNY maintains bullish bias with focus on 7.350

Dec 17, 2024 06:12 am UTC| Technicals

USD/CNY strengthened on Tuesday as traders braced for additional easing measures from Peoples Bank of China following weaker-than-expected economic data. Economic data this week showed unexpected weakness in...

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Economy

US Treasury Reveals EV Charger Tax Credit Details Find Out If Your Property Qualifies Now

The US Treasury has clarified EV charger tax credit rules, offering up to 30% back for eligible properties. Use a new mapping tool to discover if your home or business qualifies for this clean energy incentive. Inflation...

China's WuXi AppTec Exits Gene Therapy Market Amid US Restrictions and Security Concerns

Chinas WuXi AppTec has signed an agreement to sell its gene therapy manufacturing arm, WuXi Advanced Therapies, to U.S.-based Altaris LLC, following mounting restrictions on Chinese firms in the United States over national...

American Airlines Christmas Eve Flight Delays Resolved After Hour-Long Grounding Caused by Technical Glitch

A technical glitch caused American Airlines to ground flights for an hour on Christmas Eve, delaying thousands of passengers during one of the busiest travel periods of the year. Operations resumed quickly, sparing the...

S&P 500 Climbs Ahead of Christmas Break with Tech Gains and $10B Equity Inflows

The SP 500 rose 1.1% Tuesday as tech stocks extended their rally. Equity inflows reached $10 billion, marking the largest since January 2017, while trading activity thinned ahead of the Christmas holiday. Tech Stocks...

Gold Inches Up as Rising Dollar and Fed’s Rate Policy Pressure Investors

Gold prices inched higher in Asian markets Tuesday, with spot gold gaining 0.2 percent, while futures added 0.1%. The precious metals upward movement was limited as the Federal Reserves hawkish policy reinforced dollar...

Politics

Trump's '100% Serious' Greenland Purchase Plan Sparks Global Controversy

President-elect Donald Trump has reignited his ambition to acquire Greenland, declaring he is 100% serious about purchasing the autonomous Danish territory. This move has prompted significant international debate and...

Kamala Harris Leads J.D. Vance in 'Nail-Biting' 2028 Poll, Sparks Heated Debate

A recent SoCal Strategies poll has placed Vice President Kamala Harris narrowly ahead of Ohio Senator J.D. Vance in a hypothetical 2028 presidential matchup. The poll, released on Tuesday, shows Harris with 43% of likely...

Majority of Americans Confident in Trump's Ability to Achieve Middle East Peace, Poll Reveals

A recent survey by the Napolitan Institute indicates that 54% of Americans believe President-elect Donald Trumps administration will bring an end to conflicts in the Middle East. This optimism follows Trumps electoral...

Trump’s ‘Faith Commitment’ Praised by Cardinal Dolan Sparks Debate on President-Elect’s Religious Convictions

President-elect Donald Trump reportedly reassured Cardinal Timothy Dolan, the Archbishop of New York, of his dedication to his faith during a private conversation. Cardinal Dolan revealed that Trump emphasized his belief...

Trump’s ‘Death Penalty Push’ for Violent Offenders Promises Strict Justice, Sparks Intense National Debate

Former President Donald Trump announced a hardline stance on violent crime, pledging to reinstate and expand the death penalty for individuals convicted of heinous crimes. During a rally, Trump declared that, if...

Science

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...

Christmas Eve Asteroid' to Skim Past Earth at 14,743 mph Tonight, NASA Warns

NASA has announced that an asteroid, comparable in size to a 10-story building, will make a close approach to Earth on Christmas Eve. The space rock, designated 2003 SD220, is expected to pass by our planet at a speed of...

Emergency Declared as Bird Flu 'Spreads' to California Dairy Cows

California Governor Gavin Newsom has officially declared a state of emergency in response to the rapidly escalating bird flu outbreak. The declaration comes after avian influenza was detected in dairy cows, a rare and...

Missing Radioactive Material in New Jersey Sparks Panic — Are Drones ‘Hunting for It’?

A small amount of radioactive material went missing in New Jersey earlier this month, raising concerns over public safety and potential security risks. The U.S. Nuclear Regulatory Commission (NRC) confirmed on December 2,...

Some black holes at the centers of galaxies have a buddy − but detecting these binary pairs isn’t easy

Every galaxy has a supermassive black hole at its center, much like every egg has a yolk. But sometimes, hens lay eggs with two yolks. In a similar way, astrophysicists like us who study supermassive black holes expect to...

Technology

Musk’s X Raises Premium-Plus Plan to $22 With Creator Payouts and AI Features in Focus

X, the platform owned by Elon Musk, raised its premium-plus subscription to $22 in the U.S., emphasizing enhanced creator payouts and advanced AI-driven features like the Grok chatbot. The updated pricing takes effect for...

'Drones Plummet onto Crowd' at Orlando Holiday Show, Prompting NTSB Investigation

The National Transportation Safety Board (NTSB) has initiated an investigation into a malfunction involving unmanned aircraft systems (UAS) that resulted in drones falling into the audience during a holiday show at Lake...

Trump's 'Tech Dream Team' Appointments Spark Debate Over Administration's Digital Strategy

President-elect Donald Trump has unveiled a series of high-profile appointments to his technology team, signaling a robust commitment to advancing the United States position in artificial intelligence (AI) and digital...

Tesla Rolls Out Mobile Megapack Chargers for Holidays Across the US, Find Out the Locations Here

Tesla has introduced mobile Megapack chargers at major U.S. travel hotspots to support increased holiday traffic. Travelers can find these high-speed chargers in locations like Bakersfield, Primm, El Centro, and Cambridge,...

Apple Releases 'Urgent' Warning as iPhone Users Targeted by 'Mercenary' Spyware Attacks

Apple has issued an urgent alert to iPhone users, warning of sophisticated spyware attacks orchestrated by private entities targeting high-profile individuals. These mercenary spyware tools, notably Pegasus, can infiltrate...