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Wed, Dec 25, 2024 04:30 PM All times are UTC

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FxWirePro: NZD/USD strongly bearish despite upside attempts

Dec 12, 2024 06:19 am UTC| Technicals

The NZD/USD pair recovered above 0.5800 level on Thursday as investors reacted to a benign U.S. consumer inflation report. Wednesdays November US CPI report showed a 0.3% rise, the largest increase since April,...

FxWirePro:AUD/USD gains some upside momentum after but still bearish

Dec 12, 2024 06:06 am UTC| Technicals

AUD/ USDrebounded on Thursday as gains were driven by stronger-than-expected jobs data, which encouraged traders to reconsider their bets on an earlier interest rate cut by the RBA. Novembers figures showed the jobless...

FxWirePro: GBP/AUD retreats slightly but trend is still bullish

Dec 11, 2024 22:13 pm UTC| Technicals

GBP/AUD pulled back in US session on Wednesday, surrendering some of its earlier gains as investors digested US CPI data. Labor Department report showed the CPI rose 0.3% in November, matching estimates, with an annual...

FxWirePro: GBP/AUD retreats slightly but trend is still bullish

Dec 11, 2024 22:11 pm UTC| Technicals

FxWirePro: EUR/NZD ekes out gains as market digest US CPI data

Dec 11, 2024 21:39 pm UTC| Technicals

EUR/AUD after initially gaining on Wednesday as the pair gave up some ground as market digested US CPI data. In an up-and-down session, the pair hit high at 1.6573 in early trading then eased towards 1.6461. ...

FxWirePro: EUR/NZD uptrend stalled, progress needed soon to sustain

Dec 11, 2024 21:17 pm UTC| Technicals

EUR/NZD initially gained on Wednesday but gave up ground as investors digested Bank of Canada rate decision and US CPI data. The Bank of Canada cut its key policy rate by 50 bps to 3.25%, as anticipated, and signaled...

FxWirePro: GBP/USD momentum remains negative, reinforcing the overall bearish market

Dec 11, 2024 20:38 pm UTC| Technicals

GBP/USD dipped on Wednesday as a benign U.S. CPI report reinforced expectations of a 25 basis point rate cut by the U.S. Federal Reserve next week.. A Labor Department report revealed that the Consumer Price Index...

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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

Mayorkas Admits DHS Could Have Acted Sooner to Curb Migrant Influx at Southern Border

In a recent acknowledgment, Homeland Security Secretary Alejandro Mayorkas conceded that the Department of Homeland Security (DHS) could have implemented more rapid executive actions to mitigate the surge of migrants at...

Biden’s ‘Historic’ Move Names Bald Eagle Official National Bird After Decades of Overlooked Recognition

President Joe Biden has officially signed legislation designating the bald eagle as the United States national bird, cementing its long-standing symbolic status. The signing, celebrated by environmentalists and historians,...

RFK Jr.'s 'Controversial' Plan to Ban TV Drug Ads Sparks Heated Debate

Robert F. Kennedy Jr., recently nominated by President-elect Donald Trump to lead the Department of Health and Human Services (HHS), has proposed a ban on direct-to-consumer pharmaceutical advertisements on television....

Nevada's 'Double-Voting' Investigation Reveals 180 Alleged Election Violations Amid Rising Integrity Concerns

The Nevada Secretary of States Office has launched an investigation into hundreds of alleged election integrity violations from the 2024 general election, with a staggering 180 cases involving suspected double voting. The...

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...

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...