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Wed, Dec 25, 2024 05:06 PM All times are UTC

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FxWirePro: USD/CNY bulls undeterred, eyes 7.300 level

Dec 12, 2024 12:13 pm UTC| Technicals

USD/CNY strengthened on Thursday as Yuan weakened on expectation China may weaken the yuan to weather the risk of U.S. trade tariffs. Chinese long-term rates fell to historic lows on expectations of monetary easing,...

FxWirePro- Woodies Pivot (Major)

Dec 12, 2024 12:04 pm UTC| Technicals

Woodies Pivot...

FxWirePro- Major European Indices

Dec 12, 2024 11:36 am UTC| Technicals

Germany DAX - 20432 (0.03%) Major resistance- 21132 Near-term resistance - 20500/21000 Minor support- 20250/20000/19800/19587/19430/19285 Trend reversal level- 17000 The pair holds above...

FxWirePro- USDCHF Trade Idea

Dec 12, 2024 11:12 am UTC| Technicals

The pair jumped more than 50 pips after SNBs dovish rate cut.Overall bias remains bullishas long as support0.8780holds. It hit ahighof 0.88949at the time of writing and is currently trading around 0.88776. On December...

FxWirePro- CADJPY Trade Idea

Dec 12, 2024 09:25 am UTC| Technicals

CADJPY trades higher after the BOC monetary policy.It hitsan intraday high of 107.99with current trading around 107.91. On December 11, 2024, the Bank of Canada (BoC) cut its key interest rate by 0.50 percentage points...

FxWirePro- EURJPY Trade idea

Dec 12, 2024 08:53 am UTC| Technicals

The EUR/JPYpared some of its gains on the weak Euro. It hit a high of 160.07 yesterday and currently trading around 159.54.The bearish intraday outlook is maintained as long as the resistance at 160.35holds. The...

FxWirePro- Buy GBPJPY on dips

Dec 12, 2024 08:45 am UTC| Technicals

The GBP/JPY currency pair surged more than 200 pips on the weak yen. The pair hit a high of 194.83yesterday and is currently trading at approximately 194.39.Notably, the Potential Reversal Zone (PRZ) is set at 200.20,...

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Economy

China Approves New VAT Law Effective 2026 to Boost Key Sectors and Economic Recovery

China has passed a comprehensive value-added tax law, effective in January 2026, consolidating regulations and offering targeted exemptions for sectors like agriculture, research, and welfare institutions. The reform aims...

Sam Altman Says Superintelligence Will Ignite a 10X Boom in AI Breakthroughs Transforming the Future of Innovation

Sam Altman envisions a world where superintelligence propels AI innovation 10x faster than expected, transforming global progress and redefining humanitys future. Early Arrival of AGI Sparks Debate The most noteworthy is...

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...

Politics

Eric Trump's ‘Amazon Cart for Countries’ Post Sparks Outrage and Debate on Global Diplomacy

Eric Trumps social media post suggesting the United States could buy territories on Amazon has gone viral, sparking controversy over its timing and implications. The post comes on the heels of President-elect Donald Trumps...

Ex-Democrat’s Scathing Exit’ Blames DNC for ‘Toxic Culture’ and Praises Trump Allies as ‘More Humane’

Prominent Democratic National Committee (DNC) fundraiser Lindy Li has announced her departure from the Democratic Party, citing a toxic internal culture and backlash stemming from her outspoken critiques of party...

Biden’s Holiday Bill’ Sparks Controversy Over Lawmaker Pension Ban and Clemency Actions

President Joe Biden finalized a wave of legislative measures on Christmas Eve, signing at least 50 bills into law, including a new provision targeting corrupt lawmakers pensions. The legislation has stirred widespread...

Bannon’s Fiery Warning’ Sparks Speaker Mike Johnson Leadership Debate in Congress

Right-wing commentator and MAGA movement leader Steve Bannon has issued a stark warning about House Speaker Mike Johnsons leadership, claiming his continued tenure could jeopardize President-elect Donald Trumps legislative...

Pope Francis’ ‘Bold’ Call for Russia-Ukraine Peace Talks Stirs Debate During Christmas Address

In his annual Christmas Urbi et Orbi address, Pope Francis delivered a fervent plea for an end to the Russia-Ukraine War, urging global leaders to embrace reconciliation and dialogue. Speaking from the central balcony of...

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

BYD Factory in Brazil Faces Investigation as Chinese Workers Found in 'Slavery-like Conditions'

Brazilian officials discovered 163 Chinese workers in slavery-like conditions at a BYD factory construction site in Bahia. Workers faced withheld passports, long hours, and unsafe environments, sparking an ongoing...

Toyota Targets BYD and Chinese Rivals with Shanghai EV Factory for Lexus Production by 2027

Toyota is reportedly planning a new EV factory in Shanghai to independently produce Lexus models, starting in 2027. The move comes as the automaker faces stiff competition from Chinese rivals like BYD in the worlds largest...

Biden Hands China Chip Tariff Probe to Trump as Trade War Heats Up Over Semiconductor Dominance

The U.S. has opened a trade investigation into Chinese legacy semiconductors, aiming to curb Beijings state-driven chip buildup. The probe, announced just weeks before Donald Trumps inauguration, could lead to additional...

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...