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FxWirePro: GBP/AUD faces strong support around 2.160, good to buy at dips

Sep 08, 2015 07:31 am UTC| Technicals

GBP/AUD has broken minor resistance 2.1910 and jumped till 2.210. It is currently trading at 2.2065. The pairs minor resistance is around 2.200 and any break above would extend gains till 2.2200/2.2370. The pairs minor...

FxWirePro: USD/ZAR edges lower after hitting record highs on Monday

Sep 08, 2015 07:25 am UTC| Technicals

Rand is among the weakest performers in EM basket, reached new record lows against the dollar on Monday at 14.0175 compared with Friday close of 13.8750 USD/ZAR edges lower from Mondays highs and is currently trading at...

EUR/USD breaks short term trend line resistance, targets 1.1318

Sep 08, 2015 05:58 am UTC| Technicals

EUR/USD has broken short term trend line resistance 1.1210 (trend line joining 1.1330 and 1.1380) and this confirms short term bullishness, a jump till 1.13180 cannot be ruled out. The pair made a low of 1.1214 yester day...

FxWirepro: Sell USD/JPY around 119.10-15 with SL around 119.60 for the TP of 118.45/118.25

Sep 08, 2015 05:22 am UTC| Technicals

USD/JPY has broken minor trend line support 119.10 (trend line joining 118.60 and 118.79) and a decline till 118.25 cannot be ruled out. On the higher major intraday resistance is around 119.60 and any break above targets...

FxWirePro: Buy USD/CAD around 1.3290 with SL around 1.3250 for the TP of 1.3490

Sep 08, 2015 03:44 am UTC| Technicals

USD/CAD has broken short term trend line resistance 1.3280 and is trading well above that level. It is currently trading around 1.3300. The pairs minor resistance is around 1.3350 and any break above targets 1.3490...

FxWirePro: Buy GBP/JPY at dips around 182 with SL around 181.40 for the TP of 183.30

Sep 08, 2015 03:19 am UTC| Technicals

GBP/JPY has taken support near trend line 180 (trend line joining 167 and 174.86) and slightly recovered till 182.35 from that level. The pairs further weakness can be seen only below 179.90 Any break below 179.90 will...

GBP/JPY has enjoyed a 1% bounce to start September

Sep 08, 2015 00:00 am UTC| Technicals

Since Abenomics started weakening the yen in late 2012, GBP/JPY has gained nearly 50%. The gain in real terms is over 60%. The result is that by pretty much any measure, GBP is now overvalued relative to the yen. Shifts in...

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Economy

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,...

"Why a Republican Win Could Trigger Euro and French Bond Sell-Offs: Insights from Charles Gave"

Why a Republican Win Could Trigger Euro and French Bond Sell-Offs Market Forecasts Following a Republican Win As the U.S. election nears, Charles Gave of Gavekal Research urges investors to prepare for...

Intel Replaced by Nvidia in Dow Jones Index, Signaling Major Shift in Semiconductor Market

Intel Out, Nvidia In: A New Era in the Dow Jones Industrial Average Nvidias Entry Reflects AI Market Shift Nvidia will soon join the prestigious Dow Jones Industrial Average (DJIA), replacing Intel after a...

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...