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Tue, Nov 05, 2024 05:35 AM All times are UTC

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US OIL faces strong resistance around $31.90, break above targets $34.79

Feb 18, 2016 12:16 pm UTC| Technicals

Major resistance - $31.90 (trend line joining $38.29 and $34.79) Major support - $30.50 US Oil has made a high of $31.67 and slightly retreated from that level. It is currently trading around $31.42. Any...

FxWirePro: Don't get puzzled with GBP/AUD's abrupt gains, likely to test channel support but long term downtrend seems intact

Feb 18, 2016 11:49 am UTC| Technicals

After the ruthless slumps form the peaks of 2.2372, the pair has broken a support at 2.0152, it is on the verge of next medium term support at 1.9747 and at 1.9313 levels which 38.2% retracements during Q2 as sterling...

USD/CHF technical outlook

Feb 18, 2016 11:43 am UTC| Technicals

Pair surpasses the 0.99 marks and currently trading at 0.9940levels. It made intraday high at 0.9942 and low at 0.9904 levels. Intraday bias remains bearish below the 1.0073 levels. 10, 25 and 50D EMA heads...

GBP/CAD Trade Idea

Feb 18, 2016 11:34 am UTC| Technicals

Major resistance - 1.9640 (3 day EMA) GBP/CAD has broken major support 1.9720 and declined till 1.95031. It is currently trading around 1.9536. Short term trend is bearish as long as resistance 1.9640 holds. Any break...

FTSE100 faces strong resistance at 6055, decline till 5880 is possible

Feb 18, 2016 11:32 am UTC| Technicals

Major resistance -6055 (trend line joining 6322 and 6129) Major support - 5880 The index has broken minor resistance 6000 and jumped till 6054. It is currently trading around 5986. Short term trend is...

USD/IDR rejects 13500 mark despite rate cut by BI

Feb 18, 2016 10:48 am UTC| Technicals

Pair is well supported below 13500 levels and currently trading around 13445 levels. It made intraday high at 13505 and low at 13430 levels. In line with the expectations, BI cut its benchmark interest rate by...

Mexican Peso erases its gains, likely to consolidate below 18.35

Feb 18, 2016 09:40 am UTC| Technicals

Mexican Peso erased its previous gain against US dollar and supported around 18.23 levels. Yesterday within a minute, Mexican Peso appreciated sharply around 544.7 pips against US dollar. The sudden move came just...

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Economy

Trump's 2024 Win Could Trigger Chinese Stock Sell-Off and Spur Beijing Stimulus, Says JPMorgan

Trump Win May Trigger Chinese Stock Decline and Spur Beijing Stimulus, JPMorgan Predicts According to JPMorgan, a Donald Trump victory in the 2024 U.S. presidential election could result in a significant sell-off...

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...

Asian Markets Tumble on U.S. Election Tension; Chinese Stocks Up on Positive Data

Asian Markets Slide Amid Election Jitters, China Gains on Positive Data As Asian markets opened Tuesday, investor caution grew ahead of the closely contested U.S. presidential election. Regional markets reflected a...

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...

Politics

Final Swing State Polls Show Trump Narrowly Leading—‘A Game of Inches!’ Could These Razor-Thin Margins Define 2024’s Election Outcome?

A final swing state poll from AtlasIntel shows former President Donald Trump with a narrow lead over Vice President Kamala Harris in several key battlegrounds just before Election Day. The poll, conducted on Nov. 3-4 among...

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...

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...