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Tue, Nov 05, 2024 03:54 AM All times are UTC

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USD/CNY technical outlook

Feb 15, 2016 05:52 am UTC| Technicals

Yuan hits strongest level in 2016. It made intraday high at 6.5710 and low at 6.4904 levels. A daily close above 6.6042 levels will drag the parity around 6.6755 marks. Alternatively, downfall from 6.6042 levels will...

EUR/USD faces strong resistance around 1.12620, break above targets 1.1375/1.1435

Feb 15, 2016 05:48 am UTC| Technicals

Major resistance - 1.12620 (trend line joining 1.13760 and 1.13248) Major support - 1.1178 (55 day 4H EMA) The pair has retreated after making a high of 1.1335 on Friday . It is currently trading around 1.12157. On the...

FxWirePro: EUR/JPY correcting from lows, good to buy dips

Feb 15, 2016 05:34 am UTC| Technicals

EUR/JPY has started to correct higher from near channel base, the pair is edging higher as we write, currently at 127.86. Technical indicators have already corrected extreme oversold reading, RSI and Stochs point...

FX Hedging Strategy Series

FxWirePro: This week EU summit turns euro crosses into high beta - hyperactive OTC arrangements indicate euro 's gains within eurozone

Feb 15, 2016 05:31 am UTC| Technicals

We think that the 18th - 19th February EU Summit will be the next risk event not only for the GBP but for some euro crosses outside euro zone such as EURJPY, EURUSD etc with significant implications for the timing of the...

FxWirePro: Minor support for EUR/GBP at 0.7717 (10-DMA), breaks below could see 0.7630

Feb 15, 2016 04:50 am UTC| Technicals

EUR/GBP is extending downside after rejection at channel top resistance on Feb 11th trade. Downside for now is seeing minor support by 10-DMA at 0.7717, breaks below could see the pair test channel base currently at...

FxWirePro: Dismal China trade data ignored, AUD/NZD extends gains, good to buy dips

Feb 15, 2016 04:17 am UTC| Technicals

AUD/NZD has taken rising trendline support at 1.0570 levels and edged higher on Fridays trade. Daily Stochs have shown a bullish crossover in oversold territory, while RSI has turned higher after dipping below 40...

Yen falls on lower than expected GDP figures

Feb 15, 2016 04:14 am UTC| Technicals

Pair is currently trading at 113.87 levels. It made intraday high at 113.92 and low at 113.27 levels. Japans economy contracted 0.4% in the December quarter, missing the consensus forecast of a 0.2% fall in...

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Economy

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...

Commodity Trading Advisors Favor U.S. Stocks, Dollar, and Gold Ahead of Presidential Elections

#Title: Commodity Trading Advisors Favor U.S. Stocks, Dollar, and Gold Ahead of Presidential Elections **Meta Description:** Discover how Commodity Trading Advisors are positioning themselves in U.S....

Oil Prices Surge on OPEC+ Output Delay Amid Political and Economic Events

Oil Prices Surge on OPEC+ Output Delay Oil prices experienced significant gains on Monday, climbing more than $1 following OPEC+s decision to delay output increases. This market movement comes as the U.S. prepares...

Politics

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...

Elon Musk Blasts ‘Government Overreach’ on Peanut the Squirrel!—‘We’ve Got to Fight Back Against This!’ Will This Viral Squirrel Spark Change?

In a quirky yet serious turn, Elon Musk has shared his thoughts on an unlikely topic: Peanut the Squirrel, a beloved internet sensation turned unexpected point of contention. During a recent interview, Musk humorously...

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...