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Mon, Nov 11, 2024 03:32 AM All times are UTC

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FxWirePro: US Oil forms bearish Butterfly pattern, good to sell on rallies

Sep 26, 2017 09:17 am UTC| Technicals

Harmonic pattern formed Bearish Butterfly pattern Potential reversal Zone (PRZ) - $53.35 (161.8% retracement of $50.40 and $45.84). WTI crude oil has shown a good jump after breaking high of $51.09 made on Sep...

FxWirePro: AUD/JPY eyes 20-DMA at 88.13, bias bearish, stay short

Sep 26, 2017 09:06 am UTC| Technicals

AUD/JPY is extending downside along the Bullish Cypher formation on the daily charts. The pair is in the red for 4th successive session after failure to hold trendline breakout. Technical studies have turned...

FxWirePro: USD/CNY hits fresh 4-week high at 6.6324 mark, PBOC sets yuan mid-point at 6.6076

Sep 26, 2017 07:53 am UTC| Technicals

USD/CNY is currently trading around 6.6294 marks. It made intraday high at 6.6324 and low at 6.6124 levels. Intraday bias remains bullish till the time pair holds key support at 6.6211 mark. A sustained...

FxWirePro: GBP/JPY faces strong support at 10- day MA, break below targets 146

Sep 26, 2017 07:30 am UTC| Technicals

GBP/JPY has shown a huge decline yesterday after continuous bullish trend for past days. The pair declined slightly below 150 and once again recovered from that level. It is currently trading around 150.80. The pair...

FxWirePro: NZD/CHF upside capped at 50-DMA at 0.7032, good to go short on break below 0.70

Sep 26, 2017 07:18 am UTC| Technicals

NZD/CHF trades in a narrow range, finds major resistance at 0.7033 (nearly converged 50 and 200 DMAs. Spinning top formation seen on daily charts, strong support lies at 100-DMA at 0.70. The kiwi dented by poor...

FxWirePro: Indian rupee falls gradually against U.S. dollar, hits lowest level since March 2017

Sep 26, 2017 06:54 am UTC| Technicals

USD/INR is currently trading around 65.52 marks. It made intraday high at 65.53 and low at 65.26 marks. Intraday bias remains bullish till the time pair holds key support at 65.37 marks. Key resistances are...

FxWirePro: EUR/JPY fails to extend trendline breakout, good to go short on break below 131.67 (20-DMA)

Sep 26, 2017 06:26 am UTC| Technicals

EUR/JPY has failed to extend trendline breakout, has retraced back below major trendline. The single currency dented after the German elections revealed a sharp rise in support for the far-right AfD...

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Economy

China's CPI and PPI Fall in October Despite Major Stimulus Efforts

Chinas Inflation Remains Weak in October Amidst New Stimulus Measures October CPI and PPI Overview In October, Chinas Consumer Price Index (CPI) inflation rose 0.3% year-on-year, marking a slowdown from Septembers 0.4%...

China’s Sluggish Inflation and Deepening Deflation Spur New Stimulus Measures

Chinas October Inflation Slowdown and New Stimulus: What to Expect Overview In October, Chinas consumer prices rose at the slowest pace in four months, while producer price deflation worsened, underscoring ongoing...

US Dollar Holds Steady as Markets Await Inflation Data and Fed Comments

US Dollar Stable as Market Awaits US Inflation and Fed Insights The US dollar opened cautiously on Monday, reflecting market anticipation for upcoming US inflation data and insights from Federal Reserve speakers....

China’s J-35A Stealth Fighter Debuts at Zhuhai Air Show, Signaling Military Advancements

China Unveils J-35A Stealth Fighter at Zhuhai Air Show Chinas J-35A stealth fighter, a cutting-edge addition to the Peoples Liberation Army Air Force (PLAAF), is making its long-awaited debut at the Zhuhai Air Show....

Bitcoin Hits All-Time High Following Trump’s Presidential Win, Signals Bullish Crypto Momentum

Bitcoin Hits Record High as Trump Victory Sparks Optimism for Crypto-Friendly Policies Bitcoin Surges Beyond $81,000 Amid Market Optimism On Sunday evening, Bitcoin reached an unprecedented high of $81,373.5, marking...

Politics

‘Biden Must Step Down to Make History!’ Former Harris Aide Sparks Firestorm with Call for First Female President

In a surprising and highly controversial statement, Jamal Simmons, the former communications director for Vice President Kamala Harris, has publicly proposed that President Joe Biden resign from office to pave the way for...

Elon Musk and RFK Jr. ‘Poised for Power’ as Trump Shapes New Cabinet—‘Strategic Alliances to Reshape America'

As President-elect Donald Trump prepares to return to the White House, high-profile figures like Elon Musk and Robert F. Kennedy Jr. have reportedly entered the conversation surrounding the formation of his new...

Trump Shatters GOP Voting Records! ‘Historic Turnout as Trump Claims Most Popular Votes Ever for a Republican'

In a historic outcome for the Republican Party, former President Donald Trump has reportedly achieved the highest raw popular vote count of any GOP presidential candidate in U.S. history. As projections from the 2024...

Eight States Enact Citizen-Only Voting Laws, Sparking National Debate on Voter Eligibility

In a powerful move redefining voter eligibility, eight U.S. states passed citizen-only voting initiatives in the latest election cycle, sending a strong message on who can cast a ballot. These initiatives, approved by wide...

Donald Trump Jr. Vows to Keep ‘Neocons and Warhawks Out’ of Father’s Cabinet: ‘No More Endless Wars'

Donald Trump Jr. has publicly declared his intent to wield influence in shaping his fathers administration, with a resolute stance against including neocons and warhawks in any future Trump White House. In a recent...

Science

Blue Origin Prepares to Test New Glenn Rocket, Set to Rival SpaceX's Falcon Rockets

Blue Origin is making significant strides toward testing its New Glenn rocket, designed to compete with SpaceXs Falcon lineup. With seven BE-4 engines producing 3.8 million pounds of thrust, the New Glenn is set to test...

SpaceX’s $2.9 Billion Moon Ship Reveals Spacious Design for Future Lunar Missions

SpaceXs latest prototype of its Starship Human Landing System (HLS) offers an inside look at the spacious, two-story design that could soon carry astronauts to the Moon. A central feature in NASAs Artemis program, this...

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...

Technology

Tesla FSD Update Expands Speed Profiles to More Roads, Including City Streets

Teslas Full Self-Driving (FSD) update version 12.5.6.2 now allows speed profiles on roads with speed limits of 50 mph or higher, extending beyond highways to city streets. This feature, part of the 2024.33.30 software...

Waymo Unveils EMMA, a New AI Research Model for Next-Gen Autonomous Driving Technology

Waymo has launched its new AI research model, EMMA, aimed at advancing autonomous driving technology. The model, still in the research stages, integrates multimodal learning for improved decision-making and real-time...

Toyota Targets 2.5 Million Annual Car Production in China by 2030 to Reclaim Market Share

Toyota is set to increase its annual car production in China to 2.5 million by 2030, marking a strategic shift to regain market share lost to local competitors. The Japanese automaker plans to empower local teams and...

Ethereum Hits $3.2K, Surpasses Bank of America Market Cap as Bitcoin Soars Past $79K

Ethereum surged to $3,200 on Nov. 10, pushing its market capitalization to $383 billion and surpassing Bank of Americas valuation. The milestone coincides with Bitcoin soaring past $79,000 following the U.S. presidential...

$3 Dogecoin on the Horizon? Golden Cross Signals Massive Rally Ahead

With a pivotal Golden Cross imminent, Dogecoin is stirring excitement in the crypto world. Kevin Capital foresees a stretch to $1.80, contingent on Bitcoins performance, while Dima James raises the stakes, envisioning DOGE...