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FxWirePro: USD/CAD maintains bullish outlook with focus on 1.4000 levels

Feb 08, 2016 15:27 pm UTC| Technicals

The USD/CAD pair continued to gain from its Fridays close, as the Canadian dollar lost further ground against US dollar on Monday. Crude oil prices started the week with a negative note, with Brent slipping to $ 30.42 a...

GBP/USD drops below 1.4400 subdued by Brexit uncertainty

Feb 08, 2016 14:29 pm UTC| Technicals

The GBP/USD pair inched up to 1.4544 during early Asian session, but failed to advance further above 1.4544, and slipped sharply towards 1.4356 as the uncertainty about Britains exit from the Eurozone kept the traders...

FxWirePro: USD/CAD bulls back in action as strong support is at 1.3805, leading oscillators’ convergence indicate northern targets

Feb 08, 2016 13:36 pm UTC| Technicals

Please be noted that a hammer pattern occurred at 1.3753 to form a bottom in USD/CADs declining rallies. As a result, we have been observing spikes from last three days upto todays highs of 1.3977. At that juncture,...

FxWirePro: G10 Currency radar – Antipodean captivated, as they are still highly correlated CNY devaluation

Feb 08, 2016 12:19 pm UTC| Technicals

Among G10 FX segment, the antipodean remain highly vulnerable as Aussie dollar has fragile, it would be the worst affected by a 14% yuan depreciation against the USD from three channels - negative global risk sentiment,...

FxWirePro: GBP/AUD faces strong resistance around 2.1000, good to sell on rallies

Feb 08, 2016 12:19 pm UTC| Technicals

Major resistance - 2.0590 (trend line joining 2.0970 and 2.090) The pair has jumped till 2.05250 and started to retreat from that level. It is currently trading around 2.03500. On the higher side any break above...

FX Hedging Strategy Series

FxWirePro: Further GBP weakness dependant on EU membership referendum – stay long in GBP vs antipodeans and short against yen and dollar

Feb 08, 2016 11:43 am UTC| Technicals

The British economy inched higher to 0.5% on QoQ in the last three months of 2015, accelerating from a 0.4% growth in the previous quarter that is in line with market projections and preliminary estimations. Taking growth...

EUR/USD Trade idea

Feb 08, 2016 10:33 am UTC| Technicals

Major support - 1.0500 (200 day MA) The pair has retreated after making a high of 1.12442. It is currently trading around 1.1138. Short term trend is bullish as long as support 1.0500 holds. Any break below...

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Economy

Asia's Manufacturing Activity Stagnates Amid Mixed Signals

Overview of Asias Manufacturing Activity in October Asias manufacturing activity experienced stagnation in October, as a rebound in China failed to significantly uplift regional factories, according to private...

U.S. Job Growth Expected to Slow Amid Hurricanes and Strikes

Overview of U.S. Job Growth in October U.S. job growth is anticipated to slow significantly in October due to the impact of recent hurricanes and strikes among aerospace factory workers. The Labor Departments...

New Home Prices in China Rise Amid Market Recovery Efforts

New Home Prices in China Rise Amid Market Recovery Efforts In October, new home prices in China experienced a notable increase, reflecting a potential shift in the property markets trajectory. According to a...

South Korea's Export Growth Falls to Seven-Month Low Amid Global Demand Concerns

South Koreas Export Growth Drops as Global Demand Slows South Koreas export growth slowed sharply in October, rising just 4.6% year-over-year to $57.52 billion, marking the smallest increase in seven months. This...

Macquarie Group Reports Lower-Than-Expected First-Half Profits Amid Commodities Slowdown

Macquarie Group Misses First-Half Profit Estimates as Commodities Trading Declines Macquarie Group, Australias largest investment bank, reported a first-half profit increase of 14% to A$1.61 billion (USD 1.06...

Politics

Trump’s VP Pick JD Vance Has a Surprising Bitcoin Stake — Could This Influence US Crypto Policy?

JD Vance, Donald Trumps vice presidential pick, is making waves with his significant Bitcoin holdings, which underscore his pro-crypto stance. Known for his support of digital assets in the Senate, Vances investment...

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...

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

Apple’s AI-Enhanced iPhone Sales Boost Revenue, But Conservative Forecast Raises Concerns

Apples latest AI-enhanced iPhone models helped lift fourth-quarter revenue beyond expectations, with earnings per share reaching $1.64. However, a tempered growth forecast and weaker China sales left analysts uncertain...

Uber Hits Record Profit but Issues Cautious Holiday Forecast Amid Booking Slowdown

Despite achieving a record $1.06 billion operating profit in Q3, Uber Technologies Inc. announced a softer-than-anticipated outlook for the holiday quarter. Weaker ride bookings and currency exchange headwinds impacted...

Elon Musk Considers Solar + Battery for Starlink, Enhancing Portable Internet Access Worldwide

Elon Musk, SpaceX CEO, is exploring the potential for a solar and battery-powered Starlink system, responding to user demand for 24/7 high-speed internet access across diverse environments. This enhancement could offer...

Exxon and Chevron Navigate Oil Price Drop as Investor Returns Face Potential Strain

As oil prices slump and market surpluses grow, Exxon and Chevrons latest earnings show resilience yet reveal pressures on future investor returns. Both oil giants are navigating a drop in profits while affirming dividend...

Hyundai IONIQ 5 Sets New Sales Record as Upgraded 2025 Model Prepares for Launch

Hyundais IONIQ 5 continues to dominate the electric SUV market, setting a new October sales record in the U.S. With the release of the 2025 model imminent, the IONIQ 5 is poised for even greater success with upgrades,...