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FxWirePro:US Dollar Index downside capped by 23.6% retracement , good to buy on dips

Nov 29, 2016 11:40 am UTC| Technicals

Major resistance 102.05 The U.S dollar index has formed a double bottom around 100.65 and started to recover from that level. . It is currently trading around 101.30. DXY downside is capped by 23.6% retracement...

FxWirePro: Is it a make or break passage for long lasting range bounded trend of EUR/CHF? Interim bids on “One touch binary calls”

Nov 29, 2016 10:14 am UTC| Technicals

The bulls supported by momentum indicators to break-out above resistance of 1.0728. Ever since the pair tested supports at 1.0684 levels, the bull swings are intensifying cushioned by the healthy buying momentum. RSI...

FxWirePro: USD/CAD struggles to close below 1.3400, good to buy on dips

Nov 29, 2016 10:13 am UTC| Technicals

Major Intraday Support 1.3390 Loonie has once again recovered sharply after declining slightly below 1.4000 level. It is currently trading around 1.34525. The pair has also broken major trend line resistance...

FxWirePro: USD/ZAR rejects key support at 13.70 mark, sustained close above targets 14.11

Nov 29, 2016 08:37 am UTC| Technicals

USD/ZAR is currently trading around 13.84 levels. It made intraday high at 13.89 and low at 13.70 levels. Intraday bias remains bullish till the time pair holds key support at 13.70 marks. A daily close...

FxWirePro: FTSE100 faces strong trend line support at 6720, good to buy on dips

Nov 29, 2016 08:10 am UTC| Technicals

Major resistance- 7000 Major support - 6720 (trend line joining 5727 and 6609) The FTSE100 index is trading in narrow range between 6889 and 6752 for the past six trading session. It is currently trading around...

FxWirePro: NZD/USD holds break above 200-DMA, bias higher, stay long

Nov 29, 2016 07:29 am UTC| Technicals

NZD/USD is extending gains after break above 200-DMA on Mondays trade. Technical indicators have turned bullish, we see scope for test of 20-DMA at 0.7146. Upside in the pair is struggling at 23.6% Fib, break...

FxWirePro: USD/CNY falls below 6.90 mark, PBOC sets yuan mid-point at 6.8889

Nov 29, 2016 07:28 am UTC| Technicals

USD/CNY is currently trading around 6.8964 marks. It made intraday high at 6.9128 and low at 6.89 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at 6.9330 marks. On...

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Economy

Impact of Iran-Israel conflict on Stocks, Gold and Bitcoin

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation,...

Japan Posts 7.7% Growth in Machinery Orders

In a striking development that looks set to invigorate Japans economic prospects, a key gauge of capital spending in the country has seen its most significant jump in over a year. According to Cabinet Office data released...

How cuts to marginal income tax could boost the UK’s stagnant economic growth

The British prime minister recently claimed the UK economy has turned a corner. Rishi Sunak said inflation figures were encouraging, and proclaimed that 2024 would be the year Britain bounces back. According to his...

A sustainable future begins at ground level

In 2015, the United Nations adopted the Sustainable Development Goals (SDGs) as a call to action in global partnership. By 2023 it appears that our progress has been far from satisfactory in achieving these...

Digital trade protocol for Africa: why it matters, what’s in it and what’s still missing

In February 2024, African heads of states adopted a draft protocol to regulate digital trade within the continent. This significant yet challenging course for Africas digital economy fits into the broader trade agreement,...

Politics

Nvidia RTX 4090D Embroiled in US-China Tech Rivalry; South Korea Navigates Chip Export Dilemma

The U.S. government has tightened export restrictions on high-performance semiconductor chips to China, including the Nvidia RTX 4090D, and is urging South Korea to enforce similar curbs, marking a significant escalation...

Canada needs a national strategy for homeless refugee claimants

One year after the federal government closed Roxham Road, refugee claims in Canada continue to increase: there were 143,785 in 2023 compared to 91,730 in 2022. The surprise announcement in March 2023 to modify Canadas...

Who will Trump pick as his running mate?

Being second in line for leadership of the most powerful country in the world is not an easy job. But for Mike Pence, vice president under Donald Trump, things were even harder than usual. As insurrectionists descended...

US and Japan Boost AI, Semiconductor Alliance; EU Eyes Reduction in China Dependence

Japan and the United States are poised to deepen ties in the high-tech sector, signaling a strategic move to enhance their global partnership with a focus on artificial intelligence and semiconductor...

US Finalizes Ban List for Chinese Chipmakers; Boosts Mexico Semiconductor Ties

The United States is finalizing a list of Chinese chip factories banned from receiving vital technology, aiming to curb Beijings tech advancements amid national security concerns. Concurrently, a US-Mexico semiconductor...

Science

Could a telescope ever see the beginning of time? An astronomer explains

The James Webb Space Telescope, or JWST for short, is one of the most advanced telescopes ever built. Planning for JWST began over 25 years ago, and construction efforts spanned over a decade. It was launched into space on...

US media coverage of new science less likely to mention researchers with African and East Asian names

When one Chinese national recently petitioned the U.S. Citizenship and Immigration Services to become a permanent resident, he thought his chances were pretty good. As an accomplished biologist, he figured that news...

If life exists on Jupiter’s moon Europa, scientists might soon be able to detect it

Europa is one of the largest of more than 90 moons in orbit around the planet Jupiter. It is also one of the best places to look for alien life. Often termed an ocean world by scientists, observations to date strongly...

Exploding stars are rare but emit torrents of radiation − if one happened close enough to Earth, it could threaten life on the planet

Stars like the Sun are remarkably constant. They vary in brightness by only 0.1% over years and decades, thanks to the fusion of hydrogen into helium that powers them. This process will keep the Sun shining steadily for...

An eclipse for everyone – how visually impaired students can ‘get a feel for’ eclipses

Many people in the U.S. will have an opportunity to witness nearly four minutes of a total solar eclipse on Monday, April 8, 2024, as it moves from southern Texas to Maine. But in the U.S., over 7 million people are blind...

Technology

Bitcoin Halving 2024 Complete: New Era for Miners and Market Speculation

Bitcoin has successfully completed its fourth halving, reducing mining rewards to 3.125 BTC per block and sparking widespread speculation about future price surges. As the crypto community eyes potential market shifts,...

Tesla Cybertruck Recall: NHTSA Flags 3,878 Units for Pedal Issue

The National Highway Traffic Safety Administration (NHTSA) has ordered a recall for Teslas Cybertruck, citing a severe pedal issue that necessitated temporarily halting deliveries to address potential safety...

ShibArmy Issues Critical Alert: No BONE Airdrops, Beware of Scams

The Shiba Inu community is on high alert as ShibArmy Scam Alerts warns against phishing emails falsely promising BONE airdrops. These fraudulent communications are designed to steal personal information and digital assets...

Michael Saylor Nets $370 Million from MicroStrategy Shares Amid Crypto Surge

Michael Saylor, the prominent bitcoin advocate and chairman of MicroStrategy, has capitalized on the companys robust stock performance this year, selling shares worth nearly $370 million. His strategic stock sales coincide...

Bitcoin Braces for $35 Trillion Market Shift With Upcoming Halving

As Bitcoin approaches its pivotal fourth halving today, experts forecast a dramatic surge in value, potentially reaching a $35 trillion market cap. This significant reduction in Bitcoin mining rewards from 6.25 to 3.125...