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Wed, Dec 25, 2024 04:28 PM All times are UTC

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FxWirePro:USD/CAD edges lower as Canadian dollar strengthens after BoC rate decision

Dec 11, 2024 18:59 pm UTC| Technicals

USD/CAD dipped on Wednesday as the Canadian dollar strengthened following the Bank of Canadas 50 basis point cut to its benchmark rate. The Bank of Canada lowered its key policy rate by 50 basis points to 3.25% on...

FxWirePro: EUR/CAD attracts selling interest after BoC rate decision, vulnerable to more downside

Dec 11, 2024 17:58 pm UTC| Technicals

EUR/CAD declined sharply on Wednesday after the Bank of Canada cut interest rates by half a percentage point as expected. The Bank of Canada cut its key policy rate by 50 basis points to 3.25% and signaled that future...

FxWirePro- Major pair levels and bias summary

Dec 11, 2024 15:31 pm UTC| Technicals

Major pair levels and bias...

FxWirePro- Major Crypto levels and bias summary

Dec 11, 2024 15:27 pm UTC| Digital Currency Technicals

Major Crypto levels and bias...

FxWirePro- Major US Indices

Dec 11, 2024 15:23 pm UTC| Technicals

SP 500- 6082(0.60%) Major resistance- 6187 Near-term resistance - 6100 Minor support- 6040/5998/ 5975/5960/5885/5840/5825/5790. Trend reversal level- 5480 The pair holds above short-term (34,...

FxWirePro- USDCHF Trade Idea

Dec 11, 2024 14:59 pm UTC| Technicals

FxWirePro- USDCHF Trade Idea The pair showed a minor pullback after the US CPI. Overall bias remains bearish as long as resistance 0.8900 holds. It hit alow of 0.88101 at the time of writing and is currently trading...

FxWirePro- BNBUSD Daily Outlook

Dec 11, 2024 14:46 pm UTC| Digital Currency Technicals

Key Level to Monitor: $640 BNB/USD pairformed a double bottom around $650 and showed a minor pullback.It hit a fresh all-time high $of 793 and is currently trading around $692. Overall bias remains bullish as long as...

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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

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...

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...

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...