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Thu, Dec 26, 2024 09:42 AM All times are UTC

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USD/MXN firm, Yellen's testimony tipped hawkish

Feb 24, 2015 13:52 pm UTC| Technicals

Source: Thomson Reuters USD/MXN opens NorAm up slightly as Grexit fears abate, USD firm as Yellen testimony tipped hawkish Mex 1st half month inflation ahead, core forecast +0.17 v -0.09 previous USD/MXN support at...

GBP/USD backing away from 1.5490 cloud top

Feb 24, 2015 13:24 pm UTC| Technicals

Cable backing away from 1.5490 cloud top despite hawkish BoE rhetoric but Pair has scope to test the mid-1.52s in the near term GBP/USD failed at 1.5475 last session and has an easier bias today 1.5481 = 23.6%...

AUD/USD pressured pre-Yellen, RBA in focus

Feb 24, 2015 10:40 am UTC| Technicals

AUD/USD slides to test 0.7741 as greenback gains pre-Yellen 0.7741 = last weeks low (Feb 17) Stops subdued below 0.7740 Moresupport 0.7721 (Feb 13 low) 0.7762-0.7807 = Asia range Another 25bp RBA rate...

GBP/USD capped by heavy resistance

Feb 24, 2015 10:39 am UTC| Technicals

Pair sees solid resistance which is capping bulls at 1.5481 1.5481 - 23.6% retrace of the 1.7192 to 1.4952 July to Jan fall Ichimoku Cloud is just above at 1.5490 adding continuous supply Chances that...

NZD/USD awaits Fonterra news

Feb 24, 2015 10:36 am UTC| Technicals

NZ rate after NZ inflation expectations ease RBNZ survey fuels NZD/USD slide to 8-day low of 0.7435 0.7535 = Asia high (pre-survey). 0.7487-0.7548 = Mondays range NZHerald-Mood likely to be brighter...

EUR/USD tracks stop lowered to 1.1350

Feb 24, 2015 10:34 am UTC| Technicals

Traders remain short at 1.1425 for losses to 1.1270 Traders lowered stop to 1.1350 to make profits Tenkan kijun lines are aligned negatively, showing negative market bias Chikou-span stays below ...

USD/ZAR eased slightly after Q4 growth data

Feb 24, 2015 10:20 am UTC| Technicals

Better than expected Q4 GDP, 1.3% q/q just below Q3 1.4% pace Annual growth of 4.1% vs 1.4% Q3 USD/ZAR fell to 11.6380 after the data but bids soon appeared Leverage names still buying dollars and...

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Economy

Canada Stocks Gain as Clean Tech and Energy Lead S&P/TSX Composite to 0.40% Rise

Canadian stocks closed higher Wednesday as the SP/TSX Composite rose 0.40%, buoyed by strong performances in Clean Technology, IT, and Energy sectors. BlackBerry reached a 52-week high, while Telus fell to a five-year low....

Spanish Stocks Climb as IBEX 35 Sees Gains in Construction, Telecom, and Petrochemical Sectors

Spains IBEX 35 closed 0.33% higher on Wednesday, led by robust performances in construction and telecom stocks. Sacyr SA rose nearly 2%, while Solaria Energia hit its lowest in three years. Construction and Chemical...

China Approves New VAT Law Effective 2026 to Boost Key Sectors and Economic Recovery

China has passed a comprehensive value-added tax law, effective in January 2026, consolidating regulations and offering targeted exemptions for sectors like agriculture, research, and welfare institutions. The reform aims...

Sam Altman Says Superintelligence Will Ignite a 10X Boom in AI Breakthroughs Transforming the Future of Innovation

Sam Altman envisions a world where superintelligence propels AI innovation 10x faster than expected, transforming global progress and redefining humanitys future. Early Arrival of AGI Sparks Debate The most noteworthy is...

South Korea Eyes $13.9 Billion KSMC Project to Outpace TSMC and Reinvent Semiconductor Innovation

South Korea is developing KSMC with a $13.9 billion investment to challenge TSMC and foster innovation across its semiconductor ecosystem. KSMC Proposal Aims to Strengthen South Koreas Semiconductor Sector Korea...

Politics

How will Donald Trump manage the transition between administrations?

As Donald Trump prepares to take office as the 47th President of the United States, the transition between administrations is under intense scrutiny. Trumps team has promised a seamless handover, but the highly polarized...

What is Donald Trump’s approach to dealing with past political controversies during his presidency?

Donald Trumps strategy for tackling past political controversies as he steps into his second term has become a central topic of national discourse. The former president, known for his unconventional approach to politics,...

How will Donald Trump restore confidence in his leadership in 2025?

Donald Trumps return to the Oval Office in 2025 has sparked widespread discussion about his plans to restore confidence in his leadership after a contentious first term and a polarizing election victory. With promises of...

What are Donald Trump’s immediate executive actions planned for January 2025?

Donald Trump is poised to enact several immediate executive actions upon his return to the White House in January 2025. The president-elect has made clear his intentions to reverse key Biden administration policies while...

How is Donald Trump preparing for his 2025 inauguration ceremony?

Donald Trump is reportedly planning a grand and highly publicized inauguration ceremony as he prepares to take office as the 47th president of the United States. The event, scheduled for January 20, 2025, is expected to...

Science

Public Health Experts Warn of ‘Quad-Demic’ as Flu, COVID, RSV, and Norovirus Threaten Winter Surge

Public health experts are raising alarms over a potential quad-demic this winter, with flu, COVID-19, respiratory syncytial virus (RSV), and norovirus all expected to surge simultaneously. This unprecedented convergence of...

Philippines' 'Missile Acquisition' Plan Provokes China's 'Arms Race' Warning

The Philippines has announced plans to acquire the U.S.-developed Typhon missile system to bolster its maritime defense capabilities. This decision has elicited strong reactions from China, which warns that such a move...

Christmas Eve Asteroid' to Skim Past Earth at 14,743 mph Tonight, NASA Warns

NASA has announced that an asteroid, comparable in size to a 10-story building, will make a close approach to Earth on Christmas Eve. The space rock, designated 2003 SD220, is expected to pass by our planet at a speed of...

Emergency Declared as Bird Flu 'Spreads' to California Dairy Cows

California Governor Gavin Newsom has officially declared a state of emergency in response to the rapidly escalating bird flu outbreak. The declaration comes after avian influenza was detected in dairy cows, a rare and...

Missing Radioactive Material in New Jersey Sparks Panic — Are Drones ‘Hunting for It’?

A small amount of radioactive material went missing in New Jersey earlier this month, raising concerns over public safety and potential security risks. The U.S. Nuclear Regulatory Commission (NRC) confirmed on December 2,...

Technology

Microsoft Steps Back from OpenAI Dependency in 365 Copilot with New AI Models Integration Strategy

Microsoft is reshaping its AI strategy for 365 Copilot by integrating in-house and third-party models, easing its reliance on OpenAI due to cost and speed concerns for enterprise users, according to sources. Microsoft...

BYD Factory in Brazil Faces Investigation as Chinese Workers Found in 'Slavery-like Conditions'

Brazilian officials discovered 163 Chinese workers in slavery-like conditions at a BYD factory construction site in Bahia. Workers faced withheld passports, long hours, and unsafe environments, sparking an ongoing...

Toyota Targets BYD and Chinese Rivals with Shanghai EV Factory for Lexus Production by 2027

Toyota is reportedly planning a new EV factory in Shanghai to independently produce Lexus models, starting in 2027. The move comes as the automaker faces stiff competition from Chinese rivals like BYD in the worlds largest...

Biden Hands China Chip Tariff Probe to Trump as Trade War Heats Up Over Semiconductor Dominance

The U.S. has opened a trade investigation into Chinese legacy semiconductors, aiming to curb Beijings state-driven chip buildup. The probe, announced just weeks before Donald Trumps inauguration, could lead to additional...

Musk’s X Raises Premium-Plus Plan to $22 With Creator Payouts and AI Features in Focus

X, the platform owned by Elon Musk, raised its premium-plus subscription to $22 in the U.S., emphasizing enhanced creator payouts and advanced AI-driven features like the Grok chatbot. The updated pricing takes effect for...