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FxWirePro: AUD/NZD breaks below 5-DMA, further downside likely on 'Shooting Star' formation

Jul 05, 2018 06:08 am UTC| Technicals

AUD/NZD is extending weakness for a 2nd straight session, trades 0.18% lower on the day. We evidence a Shooting Star formation at highs on Tuesdays candle which could plummet prices lower. The pair has broken...

FxWirePro: USD/INR hovers around 68.70 mark, consistent close above 68.94 requires for upside rally

Jul 05, 2018 05:50 am UTC| Technicals

USD/INR is currently trading around 68.70 marks. It made intraday high at 68.83 and low at 68.65 marks. Intraday bias remains neutral for the moment. Key resistances are seen at 68.82, 68.99, 69.18, 69.52...

FxWirePro: USD/INR hovers around 68.70 mark, consistent close above 68.94 requires for upside rally

Jul 05, 2018 05:50 am UTC| Technicals

FxWirePro: USD/JPY hovers around 1H 200-SMA at 110.30, good to go short on break below

Jul 05, 2018 05:16 am UTC| Technicals

USD/JPY extending weakness below 5-DMA, trades 0.09% lower on the day. Markets remain risk averse, keeping demand for JPY and hence downside pressure on the pair. The United States is due to impose the tariffs on...

FxWirePro: GBP/JPY trades flat, break above 146.50 confirms further bullishness

Jul 05, 2018 03:59 am UTC| Technicals

GBP/JPY has shown a minor selling after hitting high of 146.36 yesterday. The rise of almost 250 pips from the low of 143.76 was mainly due to huge jump in GBPUSD. Cable rose more than 200 pips from low of 1.30496 on...

FxWirePro: Taiwanese dollar trades marginally lower ahead of CPI, WPI data

Jul 05, 2018 03:54 am UTC| Technicals

sUSD/TWD is currently trading around 30.53 marks. It made intraday high at 30.60 and low at 30.49 marks. Intraday bias remains neutral till the time pair holds key support at 30.38 mark. A daily close above...

FxWirePro: AUD/JPY capped below 21-EMA, risk aversion keeps downside pressure

Jul 05, 2018 03:49 am UTC| Technicals

AUD/JPY has been struggling to break above stiff resistance at 21-EMA since the past few sessions. The pair is trading largely range bound on the day, with the days high at 81.66 and lows at 81.32. Markets remain...

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Economy

China Halts Investments in Europe Amid New Tariffs on EVs

China Halts Investments in Europe Amid New Tariffs on EVs China has directed its automakers to pause significant investments in European countries backing new tariffs on Chinese-made electric vehicles (EVs). This...

Sumitomo Corp Reports 11% Drop in Net Profit Amid Weak Coal Prices

Sumitomo Corps Financial Update Japanese trading house Sumitomo Corp reported a net profit of 254 billion yen (approximately $1.7 billion) for the six months ending September 2024. This figure marks an 11% decrease...

BYD Reports Strong Q3 Growth with 11.5% Profit Increase Amid EV Surge

BYDs Impressive Q3 Performance Chinese electric vehicle (EV) manufacturer BYD announced an 11.5% increase in net profit for the third quarter of 2024, fueled by strong sales and government trade-in incentives. The...

Thailand's Economic Growth Projections for 2025: A Positive Outlook

Thailands Economic Growth Projections for 2025 Thailands economy is poised for a 3% growth in 2025, building on an expected 2.7% growth in 2024, according to the finance ministry. This positive trend is fueled by...

China’s Non-Manufacturing Activity Rises in October, Easing Economic Concerns

Chinas Non-Manufacturing Activity Shows Growth in October Chinas non-manufacturing sector, covering both services and construction, showed a slight expansion in October, providing a glimmer of hope for policymakers...

Politics

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...

U.S. Election Officials Brace for Disruptions Amid Misinformation and Threats

Heightened Security Measures in Key Battleground States Ahead of Election Day With the U.S. election just days away, officials across crucial battleground states like Philadelphia, Detroit, and Atlanta are...

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

Intel CEO’s Taiwan Remarks Cost 40% TSMC Discount on Latest Chip Technology

Intel CEO Patrick Gelsingers remarks about Taiwans stability reportedly strained ties with TSMC, leading to the loss of a 40% discount on its advanced 3-nanometer chip technology. TSMCs rescinded offer forces Intel to face...

Big Tech’s Soaring AI Spending Raises Investor Concerns Ahead of Amazon's Earnings Report

As Meta and Microsoft ramp up AI investments to fuel growing demand, Wall Street is expressing concern over the impact on Big Techs profit margins. After reporting increased AI spending, Microsofts shares dropped 3.6% and...

Tesla Leads California EV Market with 54.5% Share Despite Rising Competition

Tesla continues to lead Californias electric vehicle market, holding a 54.5% share in 2024, according to recent data from the California New Car Dealers Association. Despite rising competition and a slight decline in...

Shiba Inu Gains Robinhood’s Attention: SHIB’s Epic Journey Through the Meme Coin Spotlight

Robinhoods recent post traces the ascent of major meme coins, casting a spotlight on Shiba Inus unprecedented community-driven growth. Highlighting SHIBs impact on meme coin culture, the platforms update underscores SHIBs...

Shiba Inu's 6 Trillion Token Shift Breaks October Record, Sparks Market Debate on SHIB’s Next Move

A record-breaking shift of 6 trillion Shiba Inu tokens within 24 hours has ignited speculation among SHIB watchers. With Octobers highest volume in large transactions recorded, analysts are debating if this movement...