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Fri, Nov 01, 2024 03:41 AM All times are UTC

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FxWirePro: USD/CAD trades lower on strong Canadian jobs data and higher crude oil prices, good to sell on rallies

Jul 09, 2018 12:04 pm UTC| Technicals

USD/CAD is trading weak for past 1 week and it has lost almost 300 pips from the high of 1.33861 high made on Jun 27th2018. The better than expected Canadian economic data and strong crude oil prices are supporting...

FxWirePro: AUD/CHF breaks above 21-EMA, eyes 55-EMA at 0.7412

Jul 09, 2018 11:35 am UTC| Technicals

AUD/CHF is extending gains for the 3rd straight session, trades 0.42% higher at the time of writing. The pair has broken above 21-EMA resistance at 0.7368, bias higher. Technical analysis supports further upside...

Digital Currency Revolution

FxWirePro: ETH/USD downside capped by 10-DMA, consistent break above 500 to see minor bullishness

Jul 09, 2018 11:00 am UTC| Digital Currency Technicals

ETH/USD stopped short of 500 levels on July 8th and is currently trading at 480 levels at the time of writing (Coinbase). On the upside, a decisive break above key resistance at 500 levels would see the pair testing 525...

FxWirePro: DXY slips lower, breaks below 50-DMA, good to go short on upticks

Jul 09, 2018 10:47 am UTC| Technicals

Upbeat employment report failed to buoy the dollar index and wage pressure remained subdued. Further, pressure remains on continued trade tensions between US and China as tariffs kick in from both countries. DXY...

FxWirePro: GBP/USD trades well above 1.3300 amid David Davis resignation, good to buy on dips

Jul 09, 2018 10:44 am UTC| Technicals

GBP/USD is trading higher for the fifth consecutive days and hits 2- week high. GBP was trading higher against all majors on Friday after cabinet meeting at chequers and slightly weaker than expected wage growth in U.S....

FxWirePro: EUR/USD trades higher on flattening of US yield curve, markets eye Draghi speech

Jul 09, 2018 09:03 am UTC| Technicals

EUR/USD is trading higher for the third consecutive day and hits 3- week high. The pair has started trading higher after US Non Farm Payroll data.US economy has added 213000 jobs in the month of June compared to forecast...

FxWirePro: USD/ZAR trades in narrow range, faces strong support at 13.38 mark

Jul 09, 2018 08:11 am UTC| Technicals

USD/ZAR is currently trading around 13.44 levels. It made intraday high at 13.47 and low at 13.41 levels. Intraday bias remains neutral till the time pair holds key support at 13.38 mark. A daily close...

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Economy

China's Military Explores Meta’s AI for Advanced Applications, Raising Security Concerns

Chinas PLA Researchers Tap Metas AI Model for Military Purposes Top Chinese research institutions, including those linked to the Peoples Liberation Army (PLA), are reportedly adapting Metas Llama AI model for...

Indonesia's Inflation Eases, Core Inflation Surges Amid Economic Challenges

Indonesias Inflation Trends: Headline Eases, Core Inflation Surges October Inflation Overview Indonesias headline inflation rate eased to 1.71% in October, down from 1.84% in September. This rate aligns...

China Halts Investments in Europe Amid New Tariffs on EVs

China Halts Investments in Europe Amid New Tariffs on EVs China has directed its automakers to pause significant investments in European countries backing new tariffs on Chinese-made electric vehicles (EVs). This...

Sumitomo Corp Reports 11% Drop in Net Profit Amid Weak Coal Prices

Sumitomo Corps Financial Update Japanese trading house Sumitomo Corp reported a net profit of 254 billion yen (approximately $1.7 billion) for the six months ending September 2024. This figure marks an 11% decrease...

BYD Reports Strong Q3 Growth with 11.5% Profit Increase Amid EV Surge

BYDs Impressive Q3 Performance Chinese electric vehicle (EV) manufacturer BYD announced an 11.5% increase in net profit for the third quarter of 2024, fueled by strong sales and government trade-in incentives. The...

Politics

Donald Trump’s Last Crypto Call Rallies Bitcoin Supporters in High-Stakes Election Push

With Election Day only days away, Donald Trump intensifies his campaign to woo crypto advocates, announcing a sweeping Bitcoin agenda that promises to keep BTC mining stateside and challenges claims from Kamala Harris....

‘Garbage or Nazis?’ Gov. Tim Walz Defends Biden’s Remarks on Trump Supporters—‘He Was Very Clear!’ Critics Demand Apology

Minnesota Governor Tim Walz is facing backlash after defending President Joe Bidens recent comment that referred to Trump supporters as garbage. In his statement, Walz, who recently compared Trump supporters to Nazis,...

‘America’s Going to Love It!’ Elon Musk Teases ‘Fun’ Second Trump Presidency—‘It’s Gonna Be Awesome!’ Sparks Mixed Reactions

In a tweet that has stirred up strong opinions across social media, billionaire Elon Musk shared his take on a potential second presidency for former President Donald Trump, calling it the most fun America has had in a...

‘A System Flaw Exposed!’ Non-Citizen Voting Incident at University of Michigan Sparks Outrage—‘Ballot Will Still Count!’

A 19-year-old student from China, enrolled at the University of Michigan, faces charges of illegal voting and perjury for allegedly casting a ballot in the 2024 U.S. election. The case has ignited a firestorm of...

U.S. Election Officials Brace for Disruptions Amid Misinformation and Threats

Heightened Security Measures in Key Battleground States Ahead of Election Day With the U.S. election just days away, officials across crucial battleground states like Philadelphia, Detroit, and Atlanta are...

Science

CDC Urges Second COVID-19 Vaccine for Seniors: ‘Protect Your Health This Season!’ Experts Say It’s Critical

In a recent public health announcement, the Centers for Disease Control and Prevention (CDC) recommended that individuals aged 65 and older receive a second dose of the 2024-2025 COVID-19 vaccine. This additional dose, the...

Breakfast Secrets: 'Fiber-rich Foods Are the Key to Weight Loss!' Experts Reveal Shocking Truth

Health experts often emphasize the importance of a balanced diet combined with regular exercise for weight management. However, for many, achieving these goals can be a daunting challenge. Instead of drastic food...

Scabies Surge Sparks Alarm: Doctors Warn Brits, 'Don't Ignore That Rash!'

Doctors in the United Kingdom are sounding the alarm over a dramatic rise in scabies cases, urging residents not to dismiss any signs of the itchy skin condition. Recent data shows that hospitals detected approximately...

Just 21 Minutes of Cycling a Day Is 'All You Need' for Total Health, Claims Expert

John Vinton, CEO of Aventon Bikes, insists that just 21 minutes of cycling each day can drastically enhance your health. This simple yet transformative practice can lead to a multitude of benefits, including reduced risks...

Urgent Alert: New COVID Variant Causes Alarming Symptoms—You Must Know This!

The UK is experiencing a rise in COVID-19 cases, with the UK Health Security Agency (UKHSA) confirming that the XEC strain of the virus is spreading. This variant, a combination of the KS.1.1 and KP.3.3 strains, is...

Technology

OpenAI's ChatGPT Search Takes on Google—Here's How to Use It

In a bold move against Google, OpenAI has unveiled ChatGPT Search, enhancing its AI with powerful search capabilities. Powered by GPT-4o, this new feature is rolling out to ChatGPT Plus users. Heres how you can get started...

Nvidia’s $700 Million Run:ai Acquisition Triggers EU Red Flags Over Competition Concerns

Nvidias $700 million acquisition of Israeli AI firm Run:ai faces an EU regulatory review amid competition concerns in tech markets. EU regulators may require Nvidia to make concessions to secure final approval for the...

Elon Musk Fires Back at Zoox Co-Founder's Doubts Over Tesla FSD’s Robotaxi Readiness

Zoox co-founder Jesse Levinsons critique of Teslas Full Self-Driving tech sparked a pointed response from Elon Musk. Levinson questioned Teslas approach to autonomous driving safety, suggesting it isnt equipped for...

XRP Whale Drops 31M Tokens As SEC Battle Reaches Pivotal Moment

An XRP whale transferred 31 million tokens to Bitso, intensifying market chatter as Ripples legal showdown with the SEC hits a pivotal stage. With XRP hovering around $0.50 support, investors brace for possible sell-off...

Bitcoin Eyes $123K as Zeberg Highlights Key Fibonacci, RSI, and MACD Signals

Bitcoins price could soon reach $123,000, predicts Henrik Zeberg, as technical indicators signal substantial upward momentum. With Bitcoin nearing critical Fibonacci and RSI thresholds, Zeberg suggests a powerful rally may...