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Tue, Nov 05, 2024 08:23 AM All times are UTC

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FxWirePro: Short term bullish opportunity in copper

Feb 23, 2016 07:36 am UTC| Technicals

Copper is showing some strength, in line with other industrial metals. Iron ore, traded above $50/ton for first time in four months and copper has bounced back sharply from $2/pound psychological support area. Bulls...

FxWirePro: Strong resistance for AUD/USD at 0.7250, good to go long on breaks above

Feb 23, 2016 06:56 am UTC| Technicals

AUD/USD has broken strong resistance at 0.72 levels, upside on the day seen capped at 0.7243. The pair faces strong resistance at 0.7245-0.7250 levels, breaks above 0.7250 could take the pair higher to 0.7283 and...

EUR/USD faces strong support around 1.1000, break below targets 1.0825

Feb 23, 2016 06:33 am UTC| Technicals

Major support -1.1000 (200 day 4 HMA) Major resistance - 1.10550 (support turned into resistance) The pair has made a low of 1.1003 yesterday and recovered from that level. It is currently trading around...

Call update - Targets hit, book profits on AUD/USD, further upside only on breaks above 0.7250

Feb 23, 2016 06:07 am UTC| Technicals

Our AUD/USD call (http://www.econotimes.com/FxWirePro-AUD-USD-rejected-at-session-lows-good-to-buy-dips-164678) has hit all targets. Book full profits and exit trade. The pair faces strong resistance upto 0.7250 levels,...

FxWirePro: GBP/USD faces major resistance around 1.4190, good to sell on rallies

Feb 23, 2016 06:06 am UTC| Technicals

Major resistance - 1.4190 Cable has made a low of 1.40573 and slightly recovered till 1.41678 from that level. It is currently trading around 1.41228. Short term trend is still weak as long as resistance 1.4190...

Gold faces strong resistance around $1223, break above targets $1240/$1260

Feb 23, 2016 05:44 am UTC| Technicals

Major resistance - $1223 (trend line joining $1239 and $1232.90) Major support - $1207 (55 day 4H EMA) Gold has recovered after making a low of $1201.80. It is currently trading around $1220.65. On the higher side it is...

Call update: EUR/JPY breaks below 125, hits fresh multi-year lows at 123.69, stay short

Feb 23, 2016 04:52 am UTC| Technicals

EUR/JPY has broken below strong channel base support at 125 levels, to extend downside. The pair has tested multi-year lows at 123.69, levels last seen in Apr 2013, further weakness likely. In what appears to be...

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Economy

Australia’s Central Bank Holds Interest Rates Steady Amid Inflation Concerns

Australias Central Bank Maintains 4.35% Interest Rate Amid Persistent Inflation RBA Holds Rates, Monitoring Inflation Risks The Reserve Bank of Australia (RBA) kept its interest rate unchanged at 4.35% in its...

Reserve Bank of Australia Holds Rates Steady Amid Inflation Concerns

RBA Holds Rates Steady, Emphasizes Inflation Concerns The Reserve Bank of Australia (RBA) left its benchmark interest rate unchanged at 4.35% on Tuesday, signaling a sustained restrictive monetary stance due to...

FxWirePro- Major Economic Events for the day

Date Time (GMT) Currency Event Forecast Previous Nov 5th2024 3:30 am AUD Cash...

Concerns Mount Over Vietnam's Draft Data Protection Law

U.S. Tech Industry Warns Vietnam Over Data Law U.S. tech companies are expressing concerns that Vietnams draft data protection law could stifle growth for social media platforms and data center operators. With a...

Palau's Presidential Election: Key Issues and Candidates**

Overview of Palaus Presidential Election Palau, a Pacific Islands nation vital to U.S. military interests amid rising tensions with China, is holding a national presidential election on Tuesday. President Surangel...

Politics

Oprah Winfrey’s Dire Warning: ‘We’ll Lose the Right to Vote Without Kamala!’ Critics Call It ‘Delusional’ and ‘Fearmongering’—Is Celebrity Rhetoric Helping or Hurting?

Media mogul Oprah Winfrey made waves recently with a bold claim regarding the upcoming presidential election, stating that we will not have the opportunity to ever cast a ballot again unless Vice President Kamala Harris...

Joe Rogan Endorses Donald Trump for President—‘Only He Can Fix What’s Broken!’ Will This Maverick Move Change the 2024 Race?

Podcast host Joe Rogan has publicly endorsed former President Donald Trump for the 2024 presidential election, sparking a wave of reactions across the political and media landscape. Known for his outspoken views and...

Ben Shapiro Warns: ‘Supreme Court Could Decide the Election!’ Legal Battle Looms if Ballot Disputes Hit Swing States—Is History About to Repeat?

Political commentator Ben Shapiro has presented a scenario that places the U.S. Supreme Court at the center of a potential election showdown, suggesting that unresolved disputes over ballot counts or election...

Skip Bayless on Trump’s Leadership: ‘I Don’t Share His Views, But He’s a Natural-Born Leader!’ Will Fans Agree or Revolt?

In an unexpected twist, sports commentator Skip Bayless recently shared his perspective on former President Donald Trump, describing him as a natural-born leader despite their differing views. Known for his outspoken takes...

Judge Clears Elon Musk’s America PAC’s ‘Million-Dollar Giveaway’—‘This Is Not Vote-Buying!’ Critics Slam Cash Incentives in Swing States as ‘Ethically Dubious’

A Philadelphia judge has ruled in favor of Elon Musks America PAC, allowing the organization to proceed with a controversial million-dollar giveaway targeting registered swing-state voters. The PAC, funded by Musk, aims to...

Science

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...

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...

Technology

OpenAI Considers Shift to For-Profit Model, Engages with California Officials in Early Talks

OpenAI, led by CEO Sam Altman, is in early discussions with Californias attorney general to potentially transition into a for-profit entity. The change could attract new investors, marking a shift from OpenAIs original...

Nvidia, Facebook Urge Supreme Court to Dismiss Investor Fraud Lawsuits

Nvidia and Facebook have petitioned the U.S. Supreme Court to dismiss securities fraud class action lawsuits against them. The tech giants argue that allowing these suits to proceed could significantly alter how private...

Suzuki Debuts First Electric SUV Bound for Toyota with New Branding and Cutting-Edge Design

Suzuki has launched the e Vitara, its first-ever electric SUV, designed to be a game-changer as it heads to Toyotas global lineup with unique branding. Powered by a specialized eAxle and ALLGRIP-e AWD, the e Vitara stands...

XRP Surges on Bullish RSI Divergence; Testing Critical Resistance Levels

XRPs price surged past $0.50 today, driven by a bullish divergence on the Relative Strength Index (RSI), marking a pivotal movement that could define its next trajectory. Traders are eyeing resistance near the 50-day...

Michigan Pension Fund Leads in Ethereum ETF Holdings With New $11M Investment

In a strategic expansion into crypto, Michigans state pension fund acquired $11 million in Ethereum via ETH ETFs, positioning itself among Grayscales largest Ethereum ETF shareholders and underscoring its confidence in...