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Tue, Dec 24, 2024 06:12 PM All times are UTC

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Market Movements: Currency Pair Faces Challenges Amid Mixed Economic Signals and Strategic Selling Opportunities

Dec 20, 2024 12:17 pm UTC| Technicals

The currency pair pared most of its gains made after the hawkish Fed rate cut. Intraday bias remains bullish as long as the support level at 0.8890 holds. The pair reached a low of 0.89432 and is currently trading around...

FxWirePro: USD/ZAR consolidating around 18.365, room for further gains

Dec 20, 2024 10:58 am UTC| Technicals

The USD/ZAR steadied on Friday as markets awaited key U.S. inflation print. Attention is now on the release of the core PCE price datathe Feds preferred inflation gauge later on Friday, for more insights into the U.S....

FxWirepro- Woodies Pivot (Major)

Dec 20, 2024 10:51 am UTC| Technicals

Woodies Pivot...

EUR/USD Retraces After Triple Bottom: Navigating Mixed Economic Signals

Dec 20, 2024 10:50 am UTC| Technicals

EUR/USD has once again gained after hitting a low of 1.03425. It reached an intraday high of 1.03980 and is currently trading around 1.03863. U.S. Economic Reports Impact Currency Performance On December 19, 2024,...

FxWirePro: USD/ JPY retreats slightly but trend is still bullish

Dec 20, 2024 10:33 am UTC| Technicals

USD/JPY drifted lower on Friday after top Japanese finance officials said the government is alarmed by recent foreign exchange moves. The dollar hit a seven-month high of 157.93 on Friday after the Bank of Japan kept...

FxWirePro: USD/CNY bulls undeterred, eyes 7.350 level

Dec 20, 2024 09:57 am UTC| Technicals

USD/CNY steadied around 7.298 on Friday as a widening yield gap with the United States and tariff threats pressured the Chinese currency. Trump, set to assume the U.S. presidency in January, has warned major trading...

FxWirePro: NZD/USD hovers near 2-year low, strong bearish bias

Dec 20, 2024 06:03 am UTC| Technicals

The NZD/USD held near two year low on Friday as kiwi dollar remained under pressure from stronger dollar and weaker-than-expected third-quarter New Zealand GDP data. Thursdays data showed that gross domestic product...

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Economy

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...

Tesla Rolls Out Mobile Megapack Chargers for Holidays Across the US, Find Out the Locations Here

Tesla has introduced mobile Megapack chargers at major U.S. travel hotspots to support increased holiday traffic. Travelers can find these high-speed chargers in locations like Bakersfield, Primm, El Centro, and Cambridge,...

UK Business Confidence Hits 2024 Low as Pay Growth Climbs Ahead of Christmas Hiring Surge

UK business confidence fell to its lowest level in 2024 during December, Lloyds Bank reported, despite a notable rise in hiring and strong pay growth ahead of the Christmas season, offering mixed signals for the economy...

Honda and Nissan Ready to Kick Off Integration Talks to Counter Tesla and Chinese Auto Giants

Honda and Nissan are preparing to announce the launch of integration talks, marking a critical moment in the global automotive industry. The discussions, likely involving Mitsubishi Motors, aim to create the worlds...

Trump Teases TikTok’s Fate in the US as ByteDance Faces a Critical Supreme Court Battle

President-elect Donald Trump hinted that TikTok could remain operational in the US, citing its immense popularity during his campaign, even as ByteDance braces for a Supreme Court showdown over its ownership. Trump...

Politics

Biden’s ‘Shocking’ Clemency Frees Florida Killers in Escobedo Family Slaying, Sparks Outrage Nationwide

President Joe Bidens commutation of death sentences for two men convicted in the 2006 murder of a Florida family has ignited a firestorm of criticism across the country. Bidens decision, part of a broader clemency...

Biden's 'Secret' Meetings with Hunter's Chinese Associates Exposed in New Photos

Newly released photographs have surfaced, shedding light on then-Vice President Joe Bidens interactions with his son Hunter Bidens Chinese business associates during a 2013 trip to Beijing. These images, obtained by...

Biden's Clemency Sparks Outrage Over 'Kids-for-Cash' Judge and $54 Million Fraudster

President Joe Bidens latest clemency decisions have ignited bipartisan criticism, particularly over the commutation of sentences for two high-profile offenders. Among the nearly 1,500 individuals granted clemency this...

DeSantis Faces 'Critical Decision' on Rubio's Senate Successor Amid Trump's Cabinet Picks

As President-elect Donald Trump prepares to assume office, his selection of Senator Marco Rubio (R-Fla.) for Secretary of State has prompted Florida Governor Ron DeSantis to identify a suitable replacement for Rubios...

Greene Warns 'Assassin's Actions' Could Lead to 'Single-Payer Healthcare' in America

In the aftermath of UnitedHealthcare CEO Brian Thompsons assassination, Representative Marjorie Taylor Greene (R-Ga.) has voiced concerns about potential political repercussions. She fears that the actions of the suspected...

Science

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,...

Some black holes at the centers of galaxies have a buddy − but detecting these binary pairs isn’t easy

Every galaxy has a supermassive black hole at its center, much like every egg has a yolk. But sometimes, hens lay eggs with two yolks. In a similar way, astrophysicists like us who study supermassive black holes expect to...

Technology

'Drones Plummet onto Crowd' at Orlando Holiday Show, Prompting NTSB Investigation

The National Transportation Safety Board (NTSB) has initiated an investigation into a malfunction involving unmanned aircraft systems (UAS) that resulted in drones falling into the audience during a holiday show at Lake...

Trump's 'Tech Dream Team' Appointments Spark Debate Over Administration's Digital Strategy

President-elect Donald Trump has unveiled a series of high-profile appointments to his technology team, signaling a robust commitment to advancing the United States position in artificial intelligence (AI) and digital...

Apple Releases 'Urgent' Warning as iPhone Users Targeted by 'Mercenary' Spyware Attacks

Apple has issued an urgent alert to iPhone users, warning of sophisticated spyware attacks orchestrated by private entities targeting high-profile individuals. These mercenary spyware tools, notably Pegasus, can infiltrate...

China’s Nio Brings Firefly EV to Europe in 2025 to Challenge Mini and Smart

Chinas Nio is preparing to launch its Firefly EV in Europe by early 2025, aiming to rival Mini and Smart. As the company expands its presence, its also addressing tariff challenges with innovative battery-swapping stations...

Soaring EV Sales Spark Scramble for Lithium and Graphite as 2030 Supply Pinch Looms

A booming market could drive electric vehicle sales from 4.5 million this year to nearly 28 million by 2030, pressuring scarce battery resources. A new McKinsey analysis highlights looming shortages in lithium, manganese,...