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Sun, Dec 29, 2024 03:10 AM All times are UTC

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FxWirePro: GBP/USD struggle to recovery, good to sell on rally

Nov 14, 2024 16:33 pm UTC| Technicals

GBP/USD traded near three-month low on Thursday as U.S. currencys continued its relentless rise. Sterling resumed its post-election decline, plunging to lows not seen since July, as GBP/USD longs unwind positions amid...

FxWirePro: USD/JPY chart very bullish, looks on course for 157

Nov 14, 2024 16:06 pm UTC| Technicals

USD/JPY rose above 156.00 level on Thursday asdollar climbed after upbeat US economic data. A stronger job market than anticipated was demonstrated by the US weekly initial unemployment claims, which dropped -4,000 to...

FxWirePro- Major pair levels and bias summary

Nov 14, 2024 15:43 pm UTC| Technicals

Major pair levels and bias...

FxWirePro- Major US Indices

Nov 14, 2024 15:34 pm UTC| Technicals

SP 500- 5975 (-0.28%) Major resistance- 6187 Near-term resistance - 6020 Minor support-5950/5925/5890/5850/5790. Trend reversal level- 5480 The pair holds above short-term (34, 55 EMA) and...

FxWirePro - EURUSD trades above 1.0550 after strong US PPI data, good to sell on rallies

Nov 14, 2024 15:21 pm UTC| Technicals

EURUSD showed a minor pullback post an upbeat US PPI. It hit a fresh year low of 1.04948 at the time of writing and is currently trading around 1.05635. In October 2024, the Producer Price Index (PPI) for the United...

FxWirePro: USD/ZAR poised for further gains to revisit a key fibonacci level

Nov 14, 2024 14:32 pm UTC| Technicals

The USD/ZAR steadied on Thursday as the dollar continued to benefit from Donald Trumps U.S. election win. Trumps proposals for lower taxes and higher tariffs are expected to drive inflation and limit the Federal...

FxWirePro- USDCHF Trade Idea

Nov 14, 2024 12:55 pm UTC| Technicals

The pair gained momentum after a mild uptick in CPI. Overall bias remains bullish as long as support 0.8780 holds. It hit a high of 0.88857 at the time of writing and is currently trading around 0.88838. The policy...

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Economy

Elon Musk's Tesla Vision-Only Tech Sparks LiDAR Debate as Li Auto CEO Cites China Highway Dangers

Li Auto CEO takes aim at Elon Musk and Teslas vision-only strategy, arguing LiDAR is essential for handling Chinas challenging highway conditions. Li Auto CEO Highlights LiDAR for Chinas Unique Highways Even if the...

Bezos’ Blue Origin FAA Approval Paves Way for New Glenn Rocket Launch in Space Race

The FAA has approved Blue Origins New Glenn rocket, allowing Jeff Bezos space company to compete in critical national security satellite launches. FAA Grants Blue Origin License for New Glenn Rocket Launch On Friday, the...

What OpenAI’s Public Benefit Shift Means for the Future of AI

OpenAIs decision to adopt a public benefit corporation model reflects its effort to align profit-making with its mission to drive societal impact in the fast-evolving AI sector. OpenAI Embraces Public Benefit Corporation...

Massive Chrome Extension Breach Exposes Data Security Risks Across Companies

In an alarming cybersecurity breach, hackers compromised Chrome extensions of multiple companies, including Cyberhaven, to access sensitive data. The attack, ongoing since December, highlights vulnerabilities in browser...

Tokyo's Inflation Surge: Energy Prices Drive December CPI Up to 2.4%

In December 2024, the core Consumer Price Index (CPI) for Tokyo Prefecture increased by 2.4% compared to a year earlier, rising from 2.2% in November. This change is important because it shows that prices continue to rise,...

Politics

What industries might face challenges under Donald Trump’s new economic policies?

As Donald Trump plans to implement new economic policies in 2025, several industries in the U.S. may face significant challenges. His administration has outlined an agenda that emphasizes tax cuts, deregulation, and trade...

What are Donald Trump’s plans for federal loan forgiveness programs in 2025?

Former President Donald Trump is reportedly gearing up to revamp federal loan forgiveness programs in 2025, aiming to address rising student debt and borrower frustrations. Trumps administration previously sought to...

How will Donald Trump handle tax audits for corporations during his presidency?

Former President Donald Trump is reportedly preparing an aggressive overhaul of corporate tax audits as part of his 2025 presidential agenda. Trump, known for his unrelenting focus on reforming tax policies, aims to...

What changes are expected in Donald Trump’s 2025 trade policies with China?

Former President Donald Trump is signaling a dramatic shift in U.S. trade policies as he prepares for a potential return to the White House in 2025. Known for his hardline stance against Chinas economic practices, Trump is...

Robert F. Kennedy Jr. Stuns America with Bold Plan to Clean Out Corrupt Officials Keeping Us Sick

Robert F. Kennedy Jr., the nominee for Secretary of Health and Human Services under Donald Trump, has vowed to take unprecedented action to combat corruption within the U.S. healthcare system. In a fiery statement, Kennedy...

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

X's New Algorithm Changes Trigger Backlash as Users Claim Voices Are Being Silenced

Elon Musks recent algorithm update on X, formerly known as Twitter, has sparked a heated debate among users. The changes, aimed at maximizing unregretted user-seconds, have raised questions about whether the platform is...

Samsung Brings Galaxy Ring 2 and AR Smart Glasses to Galaxy Unpacked 2025 With S25 Series

Samsung is shaking up the tech world at Galaxy Unpacked 2025, unveiling the Galaxy S25 Series, the advanced Galaxy Ring 2, and its cutting-edge AR Smart Glasses. This bold lineup promises a fresh leap into wearable...

Apple’s 2nm Chips Skip iPhone 17 as TSMC Prepares 2026 Launch for iPhone 18

Apple has decided to wait until 2026 to incorporate TSMCs 2nm chips into the iPhone 18. The move bypasses the iPhone 17, as TSMC works on scaling its production to meet industry demands and cut costs. Apple Expected to...

Xiaomi Expands EV Charging Access Across China With NIO, XPeng, and Li Auto Networks

Xiaomi has joined the EV charging networks of NIO, XPeng, and Li Auto, giving its customers access to over 29,000 stations across China. The move marks a strategic step in bolstering Xiaomis EV business amid growing...

Japan Airlines Faces Cyberattack Disruption with Over 60 Delayed Flights and Canceled Domestic Routes

Japan Airlines experienced significant disruptions on Thursday as a cyberattack led to over 60 flight delays, including 11 international routes, and two domestic cancellations. The airline quickly resolved the network...