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FxWirePro: GBP/USD outlook weaker on renewed downside pressure

Feb 06, 2017 15:35 pm UTC| Technicals

The Sterling remained in strong bearish tone against dollar on Monday as worries about the political landscape in the United Kingdom weighed on Sterling. A three-day debate on a law giving May the right to trigger...

FxWirePro: USD/CAD consolidating around 1.3085, bias is bullish

Feb 06, 2017 14:47 pm UTC| Technicals

The USD/CAD pair rose on Monday as oil dipped and the dollar was broadly steadier after a poor set of wages data on Friday. The price of oil, one of Canadas major exports, edged down below $57 barrel on Monday as a...

FxWirePro: USD/ZAR rejects key support at 13.20 mark, short term trend reversal likely

Feb 06, 2017 07:56 am UTC| Technicals

USD/ZAR is currently trading around 13.27 levels. It made intraday high at 13.28 and low at 13.23 levels. Intraday bias remains slightly bullish for the moment. A daily close above 13.22 will take the...

FxWirePro: EUR/GBP capped below 100-DMA at 0.8653, intraday bias neutral

Feb 06, 2017 07:37 am UTC| Technicals

EUR/GBP upside capped below 100-DMA at 0.8653, bias remains neutral for the day. Pound dented by Bank of Englands neutral policy stance. GBP bulls likely to stay on the sidelines ahead of the next months article...

FxWirePro: AUD/NZD downside supported by 20-DMA at 1.0472, weakness only on close below

Feb 06, 2017 06:48 am UTC| Technicals

AUD/NZD was rejected at major trendline resistance at 1.0530 on Fridays trade. The pair is trading 0.15 percent lower on the day, remains capped below 100-DMA at 1.0508. We see a possible shooting starformation...

FxWirePro: Go long on XAG/USD around $17.52 with stop loss at $17.22 and target of $17.72

Feb 06, 2017 06:46 am UTC| Technicals

XAG/USD is currently trading around $17.55 marks. It made intraday high at $17.62 and low at $17.44 levels. Intraday bias remains bullish till the time pair holds key support at $17.22 mark. A daily close...

FxWirePro: USD/KRW hits fresh 3-month low at 1,135 mark, sustained close below targets 1,124 mark

Feb 06, 2017 06:30 am UTC| Technicals

USD/KRW is currently trading around 1,136 levels. Pair made intraday high at 1,137 and low at 1,136 marks. Intraday bias remains bearish till the time pair holds key resistance at 1,148 levels. A daily close...

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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...