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Fri, Sep 27, 2024 10:09 PM All times are UTC

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FxWirePro: US Dollar Index takes support near 233- day MA, good to buy on dips

Sep 25, 2017 12:45 pm UTC| Technicals

Major support 91 (223 day MA). US Dollar index recovered sharply after hitting low of 91.53. It is currently trading around 92.58. Short term bullishness can be seen only above 92.73 (34- day EMA).Any violation...

FxWirePro: EUR/JPY struggles at 61.8% Fib, further gains only on break above

Sep 25, 2017 12:10 pm UTC| Technicals

The single currency remained under pressure on downbeat German IFO surveys. German business expectations came in at 107.4 (vs. 107.9 expected), current assessment at 123.6 (vs. 124.8 forecasted) and business climate...

FxWirePro: USD/CHF Trade Idea

Sep 25, 2017 11:39 am UTC| Technicals

USD/CHF has recovered after hitting low of 0.96683 on Friday. The pair has formed a minor bottom at 0.95650 on Sep 15th 2017 and trading higher from that level. It is currently trading around 0.97419. Short term trend...

FxWirePro: Bearish divergence on RSI and Stochs raises scope for downside in GBP/AUD, go short on break below 5-DMA at 1.6933

Sep 25, 2017 11:28 am UTC| Technicals

GBP/AUD rejected at highs, slips below to hover around 5-DMA support at 0.6932, bias lower. Oscillators are in highly overbought zone which calls for caution, we see weakness on intraday charts. We note bearish...

FxWirePro: EUR/USD trades lower post German IFO data, good to sell on rallies

Sep 25, 2017 11:27 am UTC| Technicals

EUR/USD is under pressure post German IFO data and market waits ECB President Draghi to testify about economy in Brussels. The pair has broken major support of 1.19000 and declined till 1.18873. The pair formed major top...

FxWirePro: AUD/CHF holds 20-DMA support, on track to test triangle top at 0.78, stay long

Sep 25, 2017 10:07 am UTC| Technicals

AUD/CHF is trading in a Rising Triangle pattern, is up 0.32% on he day, at 0.7740. The pair has taken support at 20-DMA and edged higher, scope for test of Triangle top at 0.78 levels. Technical studies support...

FxWirePro: USD/CAD trade higher on weaker Canadian data, good to buy on dips

Sep 25, 2017 09:46 am UTC| Technicals

USD/CAD is trading higher after pair hitting low of 1.2250. Canadian dollar declined slightly after BOC deputy Governor Timothy Lane signals gradualist approach to more rate hikes. Canada CPI Y-O-Y rose to 1.4% last...

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Economy

Tokyo's Core Inflation Hits BOJ's 2% Target, Boosting Rate Hike Expectations for 2024

Core inflation in Tokyo met the Bank of Japans 2% target for September, marking significant progress toward the central banks inflation goal. Analysts predict that the robust reading may lead to another interest rate hike...

Argentina’s Poverty Rate Surges Past 50% as Milei’s Austerity Measures Deepen Economic Struggles

Argentinas poverty rate has surged to 52.9%, its highest level since the 2001 crisis. President Javier Mileis austerity measures aimed at reducing inflation have severely impacted households, with inflation still near 237%...

Amazon Surpasses $1.8 Billion Ad Commitment Goal for 2024 Streaming Services

Amazon (NASDAQ:AMZN) has surpassed its target of securing $1.8 billion in ad-spending commitments for its video-streaming services for the upcoming year, according to a report from The Information, citing a source familiar...

Global Stocks Hit Record Highs as Oil Slips Amid Saudi Plans

Global stock markets surged to new highs on Thursday, propelled by chipmaker Micron Technologys upbeat forecast. The SP 500 and Europes STOXX 600 closed at all-time highs, while the MSCI global index set an intraday...

Fitch Warns Brazil's Economy Outpaces Fiscal Improvements

Despite Brazils strong economic performance, Fitch Ratings cautioned on Thursday that it has not translated into improved public finances. The agency anticipates challenges in 2025 and forecasts a steeper rise in the...

Politics

How Has Donald Trump Impacted the U.S. Judicial System?

Donald Trumps presidency left a profound and lasting impact on the U.S. judicial system. Over his four years in office, Trump appointed more than 200 federal judges and transformed the ideological makeup of the Supreme...

How Donald Trump's Policies on Trade, Immigration, and Taxes Differ from Previous Administrations?

Donald Trumps presidency introduced sweeping changes to U.S. policy in several critical areas, including trade, immigration, and taxes. His America First agenda set his administration apart from those of his predecessors,...

How Has Donald Trump Affected U.S. Foreign Policy?

During his tenure as the 45th president of the United States, Donald Trump drastically altered the countrys foreign policy approach, leaving a legacy defined by a focus on nationalism, bilateral agreements, and a departure...

What Are Donald Trump’s Key Achievements and Failures as President?

Donald Trumps presidency, from 2017 to 2021, was one of the most polarizing and controversial in modern American history. As the 45th president, Trumps time in office was marked by significant achievements in economic...

Eddie Griffin Invites Donald Trump on Show, Snubs Kamala Harris in Fiery Remarks

Hollywood comedian and actor Eddie Griffin has sparked controversy after extending an invitation to former President Donald Trump to appear on his show, while simultaneously dismissing any possibility of speaking with Vice...

Science

SpaceX Nears 4 Million Starlink Customers and Invests $3 Billion in Texas Starship Development

SpaceX is on the verge of hitting four million Starlink customers, according to President Gwynne Shotwell. The company has invested $3 billion into Starship facilities in Texas, emphasizing the significance of Starship for...

SpaceX Criticizes FAA Over Licensing Delays and 'Inaccurate' Testimony in Congressional Hearing

SpaceX has called out the Federal Aviation Administration (FAA) for making incorrect and concerning claims during a congressional hearing. The tension centers around SpaceXs licensing challenges for Starship missions and...

Hawaiian Airlines Rolls Out Free Starlink Internet on Airbus A330 and A321neo Fleet

Hawaiian Airlines has partnered with SpaceXs Starlink to provide free high-speed internet on its Airbus A330 and A321neo fleet. The airline plans to expand the service to its Boeing 787 aircraft, enhancing in-flight...

T-Mobile CEO Predicts Starlink Cellular Beta Launch by Late 2024 or Early 2025

T-Mobile CEO Mike Sievert anticipates the Starlink Cellular beta, also known as Starlink Direct-to-Cell, could launch between late 2024 and early 2025. The initial beta will offer text services, with voice, data, and IoT...

SpaceX Recovers Super Heavy Booster, Prepares for Tower Catch in Upcoming Starship Flight 5

SpaceX has successfully recovered the Super Heavy booster from Starship Flight 4, marking the first retrieval of the rocket post-launch. The company is now preparing for Starship Flight 5, where it will attempt a milestone...

Technology

Intel and US to Finalize $8.5 Billion in Chip Funding by Year-End, Report Says

Intel and the U.S. government are nearing a deal to finalize $8.5 billion in funding to boost domestic semiconductor production. The Financial Times reported that the agreement, which includes grants and financing, is...

Super Micro Computer Under DOJ Investigation Following Hindenburg Allegations, Filing Delays Worry Investors

Super Micro Computer (SMCI) is reportedly under investigation by the U.S. Department of Justice following serious allegations from Hindenburg Research. The company, a major NVIDIA customer, delayed its annual report,...

Grayscale Spotlights 20 Cryptos Poised for Massive Gains—Is Your Portfolio Ready?

Grayscale Research has spotlighted 20 digital assets expected to outperform in the fourth quarter, emphasizing factors like probable catalysts and technological advancements that may drive their success. Grayscale...

US Hits Russia Crypto Exchanges, Revealing $720M in Ransomware Dirty Money

US authorities have sanctioned two Russian cryptocurrency exchanges, uncovering a staggering $720 million in laundered funds from ransomware operations. The crackdown shines a light on the role of Russia-based platforms in...

Can Coinbase’s Hamster Kombat Futures Listing Spark a Comeback After HMSTR’s 43% Price Crash?

Coinbase will introduce Hamster Kombat perpetual futures on September 26, raising speculation on whether this could spark a much-needed price recovery after a 43% plunge to $0.007094. Coinbase, a cryptocurrency...