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FxWirePro: EUR/JPY on track to test 100-DMA at 118.55, good to short rallies

Feb 07, 2017 06:12 am UTC| Technicals

EUR/JPY slips below 120 handle, we see scope for test of 100-DMA at 118.55. Political uncertainty in France which has pushed the French-German yield spread to four-year high weighs on the EUR. The pair remains...

FxWirePro:Nikkei225 Weekly outlook:

Feb 07, 2017 06:11 am UTC| Technicals

Major support 18900 (trend line joining 18638 and 18778) Nikkei breaks major support 18900 in the previous week but closed slightly above that level. The index declined slightly after once again breaking the support...

FxWirePro: Indian rupee trades marginally lower against U.S. dollar, faces strong resistance at 67.45

Feb 07, 2017 06:06 am UTC| Technicals

USD/INR is currently trading around 67.30 marks. It made intraday high at 67.33 and low at 67.14 marks. Intraday bias remains slightly bullish till the time pair holds key support at 67.07 marks. Key...

FxWirePro: EUR/AUD slumps to fresh 21-month lows at 1.3947, bias lower

Feb 07, 2017 05:41 am UTC| Technicals

EUR under pressure. Heightened political uncertainty in France pushed the France-German yield spread to four-year high. AUD supported after RBA held rates and talked up the Australian economic growth prospects in its...

FxWirePro: South Korean won erases previous gain against U.S. dollar, intraday bias remains bullish

Feb 07, 2017 05:15 am UTC| Technicals

USD/KRW is currently trading around 1,144 levels. Pair made intraday high at 1,145 and low at 1,133 marks. Intraday bias remains bullish for the moment. A daily close above 1,134 will drag the parity higher...

FxWirePro: History repeats at GBP/JPY resistance with shooting star, stay short on break below neckline of resembling head and shoulder pattern

Feb 07, 2017 04:59 am UTC| Technicals

GBPJPY has been consistently dipping below 7SMA, cable plummeting to 1.2466. GBPJPY has formed a resembling head and shoulder pattern with thehead at 144.783, 1st shoulder at 142.173 and 2nd shoulder at 144.130 levels...

FxWirePro: AUD buoyed on RBA status quo, AUD/USD spikes higher from lows of 0.7633

Feb 07, 2017 04:33 am UTC| Technicals

AUD/USD spikes higher from session lows at 0.7633, retakes 5-DMA at 0.7650. AUD buoyed after RBA held policy unchanged, said higher commodity prices have supported a rise in the trade surplus. The bank did state...

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Economy

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...

Thailand's Economic Growth Projections for 2025: A Positive Outlook

Thailands Economic Growth Projections for 2025 Thailands economy is poised for a 3% growth in 2025, building on an expected 2.7% growth in 2024, according to the finance ministry. This positive trend is fueled by...

China’s Non-Manufacturing Activity Rises in October, Easing Economic Concerns

Chinas Non-Manufacturing Activity Shows Growth in October Chinas non-manufacturing sector, covering both services and construction, showed a slight expansion in October, providing a glimmer of hope for policymakers...

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

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...

BlackRock’s $2.2 Billion Bitcoin ETF Stands Out, Surpassing Top Global Funds in Unmatched Inflow

BlackRocks iShares Bitcoin ETF drew an astounding $2.2 billion weekly inflow, outperforming major global funds and underscoring Bitcoins surging appeal among institutional investors as the cryptocurrency nears record...

Intel CEO’s Taiwan Remarks Cost 40% TSMC Discount on Latest Chip Technology

Intel CEO Patrick Gelsingers remarks about Taiwans stability reportedly strained ties with TSMC, leading to the loss of a 40% discount on its advanced 3-nanometer chip technology. TSMCs rescinded offer forces Intel to face...

Big Tech’s Soaring AI Spending Raises Investor Concerns Ahead of Amazon's Earnings Report

As Meta and Microsoft ramp up AI investments to fuel growing demand, Wall Street is expressing concern over the impact on Big Techs profit margins. After reporting increased AI spending, Microsofts shares dropped 3.6% and...