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Gold hovering around major support at $1102, advisable to buy on dips

Jan 08, 2016 05:29 am UTC| Technicals

Gold is elevated for another session, enjoying falling stocks around the globe. The biggest worry now is China and its slowing economy, along with slashed global growth projections. The global economy is...

FxWirePro: NZD/USD takes rising trendline support at 0.6590, good to buy dips around 0.6620

Jan 08, 2016 05:05 am UTC| Technicals

A stable USD/CNY fix by PBoC earlier today spurred a relief rally in Asian equities, which saw the Aussie and Kiwi well bet. 0.6590 is strong trendline support, NZD/USD held support at 0.6590 and has edged higher...

FxWirePro: USD/JPY holds above 118 handle, 5-DMA at 118.57 caps upside

Jan 08, 2016 03:46 am UTC| Technicals

USD/JPY failed to hold at higher levels and slipped despite a relief rally in the Asian indices, especially with a positive opening in Chinas stock markets supported risk-on environment. The pair still holds above...

FxWirePro: Silver faces strong resistance around $14.65, good to sell on rallies

Jan 08, 2016 03:32 am UTC| Technicals

Major resistance - $14.65 The commodity jumped till $14.36 and started to decline. It is currently trading at $14.21. Short term trend is still weak as long as resistance $14.65 holds. Any break above $14.65 will take...

Major Asian Indices Technical Analysis

Jan 08, 2016 02:55 am UTC| Technicals

Hang Seng: Hang Seng has made a low of 20254 and started to recover from that level. It is currently trading around 20500 The index resistance is at 20650 and any indicative break above that level will take the...

FxWirePro: GBP/USD finds support at 1.4525, good to sell on rallies

Jan 07, 2016 20:18 pm UTC| Technicals

The GBP/USD initially in European session slipped lower sharply after breaking below 1.4600 levels, however, the pair rebounded in the US session after finding support at 1.4525 levels erasing the earlier losses. The...

FxWirePro: USD/CAD runs out of steam but maintains bullish outlook

Jan 07, 2016 16:09 pm UTC| Technicals

USD/CAD slipped sharply backwards towards 1.3290 levels after comments from Bank of Canada governor Poloz. Canadian dollar is slightly stronger across the board on the day despite weak oil price which fell below $33 for...

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Economy

U.S. Stock Markets Surge as Amazon Leads Gains Ahead of Election

U.S. Stock Markets Rally on Amazons Earnings On Friday, U.S. stock indexes experienced a notable uptick, driven primarily by Amazon.com, which saw a 6.2% increase in shares following robust earnings that exceeded...

Trump Pledges 100% Tariff on Stellantis for Potential U.S. Job Relocation to Mexico

Trump Pledges 100% Tariff on Stellantis for Job Relocation to Mexico Republican presidential candidate Donald Trump announced at a rally in Michigan on Friday that, if elected, he would impose a 100% tariff on...

U.S. Consumer Protection Bureau Settles Racial Bias Lawsuit with Chicago Mortgage Lender

Settlement Details The Consumer Financial Protection Bureau announced a settlement with Chicago mortgage lender Townstone Financial, concluding a years-long lawsuit over alleged racial discrimination. Townstone will...

Washington State Governor Activates National Guard Amid Election Violence Concerns

Washington States Election Preparations On Friday, Washington State Governor Jay Inslee announced the activation of National Guard members to stand by in response to concerns about potential violence related to the...

NVIDIA Joins Dow Jones Industrial Average, Replacing Intel in Strategic Industry Shift

NVIDIA to Replace Intel in Dow Jones Industrial Average in AI-Driven Market Shift SP Dow Jones Indices recently announced that NVIDIA Corporation will replace Intel Corporation in the Dow Jones Industrial Average,...

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

Bitcoin Hits New Highs, Yet Economist Calls It 'Just Another Bubble'

Despite Bitcoin shattering previous records, economist Robin Brooks isnt convinced. He describes the cryptocurrency as just another bubble inflated by Federal Reserve rate cuts, casting doubt on its legitimacy amid the...

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...