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FxWirePro: AUD/USD loses momentum but outlook is strongly bullish

Jan 28, 2016 17:07 pm UTC| Technicals

AUD/USD has declined towards 0.7088 levels after failing to break minor resistance level located at 0.7129 in the mid-morning US session. Currently the pair is approaching to testing support level located at 0.7070. Any...

FxWirePro: EUR/USD rallies towards 1.0940 levels, but reversal is likely

Jan 28, 2016 15:52 pm UTC| Technicals

EUR /USD pair advanced against US dollar in todays European session after buyers stepped in, following plunge in US durable goods orders supported the view of weaker US gross domestic product data due on Friday. However,...

Gold retreats from 12-week high, outlook remains bearish - Short around 1118, targets around 1105/1098, SL 1128

Jan 28, 2016 15:25 pm UTC| Technicals

Gold retreated on Thursday as investors cashed in gains from previous days rally to 12 week high, the demand for yellow has cooled down after the oil prices recovered. Currently the yellow metal has retreated towards 1116...

FxWirePro: USD/CAD dips below lower range, bearish bias increases

Jan 28, 2016 14:28 pm UTC| Technicals

USD/CAD has declined sharply towards 1.3970 levels, after failing to break resistance level located at 1.4126. Currently the pair is making an attempt to break support level located at 1.3972. Further upside is expected to...

EUR/CAD faces major support around 1.5625, break below targets 1.5000

Jan 28, 2016 12:28 pm UTC| Technicals

Major support -1.52650 (trend line joining 1.4957 and 1.5225) The pair has made a low of 1.5255 yesterday and started to recover from that level. It is currently trading around 1.5345. EUR/CAD faces strong support around...

EUR/USD Trade Idea

Jan 28, 2016 11:17 am UTC| Technicals

Minor resistance - 1.0880 (trend line joining 1.09147 and 1.0971) The pair has broken minor trend line resistance 1.0880 and jumped till 1.09062 at the time of writing. It is trading around 1.09017. Break above 1.0880...

FX Hedging Strategy Series

FxWirePro: UK GDP data keeps GBP on check - deploy GBP/USD butterfly spreads as IVs likely remain the least among G7 FX space

Jan 28, 2016 09:06 am UTC| Technicals

The estimates of UK GDP growth for Q4 has been projected to be a relatively modest 0.5%. That would be beyond the 0.4% rate recorded in Q3 but it would still only represent trend growth. Indicators released so far for the...

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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

Shiba Inu's Kusama Proposes Vitalik Buterin Meeting to Boost SHIB-Ethereum Synergy

In a strategic move to elevate Shiba Inus status, lead developer Shytoshi Kusama has requested a meeting with Ethereums Vitalik Buterin to discuss SHIBs future plans, technological innovations, and how the project aligns...

Costco Offers $2,000 Holiday EV Discounts—Tesla Misses Out on Seasonal Savings

Costco is kicking off the holiday season with discounts of up to $2,000 on select electric vehicles, including models from Chevrolet, GMC, Cadillac, Volvo, and Polestar. The promotion runs through January 2, but Tesla...

Nvidia Boots Intel from Dow Jones as AI-Driven Growth Redefines the Chip Industry Giants

Nvidia will replace Intel in the Dow Jones Industrial Average on Nov. 8, a move highlighting AIs reshaping of the chip industry. With Nvidias market cap surging amid record AI chip sales, Intels historical dominance in...

$7.94 Billion Toncoin Whale Wave: Massive 24-Hour Transactions Leave Rivals Behind

Toncoin whales are making waves with a staggering $7.94 billion transacted in just one day, a 90% spike that defies the recent slump seen in Ethereums volume. This whale-driven surge underscores Toncoins rising influence...

Shiba Inu Lead Kusama Drops ‘Growvember’ Tease — What’s Brewing for SHIB Fans?

In a mysterious Growvember post, Shiba Inus lead Shytoshi Kusama hinted at possible developments for SHIB this November, sparking speculation of new releases and staking rewards. The SHIB community is on high alert as...