Author: News Room

EUR/USD climbs above the key 1.0700 psychological level early on Wednesday.  Weaker-than-expected US PMI data on Tuesday undermined the US Dollar and fueled the recovery.  EUR/USD’s Bear Flag pattern deforms, bringing into doubt its validity.  EUR/USD trades just shy of 1.0700 on Wednesday after weaker-than-expected private sector growth and US business activity dent the myth of US economic exceptionalism, weighing on the US Dollar (USD). EUR/USD gains a further small bump after the release of positive German economic sentiment IFO survey data for April shows a greater-than-expected rise in the Business Climate (89.4) and Current Assessment (88.9) components, whilst Expectations…

Archax, Ownera and The HBAR Foundation have enabled the first tokenization of BlackRock’s money market fund (MMF) on Hedera. Last year Hedera Council member abrdn’s successfully tokenized its MMFs on Hedera. HAR price has exploded 75% to $0.1646, levels last seen in April 2022. Hedera Hashgraph (HBAR) price has skyrocketed on the back of a key fundamental in the ecosystem, Real World Assets (RWA). The Hedera network is purposely built for institutional RWA tokenization at scale and the developers have made a remarkable push toward asset management by bringing the world’s largest asset manager on-chain. Also Read: Hedera Hashgraph: A…

NASA released photos of parts of Dubai and Abu Dhabi before and after the United Arab Emirates was hit by record rainfall last week that caused dangerous floods and paralyzed much of the country.The images, taken by NASA Earth Observatory on Friday using Landsat data from the U.S. Geological Survey, show large patches of water all over the desert and urban landscape of the UAE where previously there was none – almost looking as if small lakes had appeared. “Some areas remained flooded on April 19, when Landsat 9 passed over the region for the first time since the storms,” NASA…

House Oversight Committee Chairman James Comer was eager to take the reins of a high-stakes investigation into President Joe Biden and his family, seen as central to the House Republican agenda – a coveted perch that brought the added benefit of elevating his national profile. But after 15 months of coming up short in proving some of his biggest claims against the president, Comer recently approached one of his Republican colleagues and made a blunt admission: He was ready to be “done with” the impeachment inquiry into Biden, according to the lawmaker who relayed the conversation to CNN. Comer has grown increasingly frustrated…

If I could use words Like scattering flowers and falling leaves, What a bonfire my poems would make. ~a poem by Mariko I admit, that for perhaps the first time in Shōgun’s limited run, I walked away with mixed feelings. While there were some powerful moments in the series finale, it’s hard not to feel let down by what we didn’t get to see. It was already going to be a hard episode, given the fate of Mariko (Anna Sawai) last week, but I thought we might make up for that with a final battle. Instead, Blackthorne is smuggled out…

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By Jarrett RenshawPHILADELPHIA (Reuters) – U.S. President Joe Biden and Republican challenger Donald Trump on Tuesday easily won their primaries in the battleground state of Pennsylvania according to Edison Research, but thousands cast votes for former candidate Nikki Haley. Pennsylvania, with 19 Electoral College votes toward the 270 needed to win, is a top prize and a toss-up in the 2024 presidential election featuring a Biden-Trump rematch. Tuesday’s primary was one of the last tests of voter enthusiasm in a campaign marked by both candidates’ low approval ratings.With nearly 50% of the votes counted, Biden got 491,892 votes, or 94.4%,…

JAKARTA (Reuters) – Indonesia’s central bank delivered a surprise rate hike on Wednesday, stepping up efforts to support the rupiah currency against selling linked to global risk aversion and a delay in the expected timing of any U.S. policy easing.Bank Indonesia (BI) raised the 7-day reverse repurchase rate by 25 basis points to 6.25%, its highest since the bank made the instrument its main policy rate in 2016. Six of 35 economists polled by Reuters had predicted the hike, which was BI’s first since October. The rest had expected BI to stand pat.BI also increased the overnight deposit facility and…

Investing.com – European stock markets mostly rose Wednesday, largely maintaining the recent positive tone as the quarterly earnings season continues in full swing.At 03:40 ET (08:40 GMT), the in Germany traded 0.2% higher, the in the U.K. climbed 0.3%, while the in France traded 0.1% lower.U.S. tech bounce boosts global sentiment European equities have benefited from the positive tone generated globally from an extended rebound in the U.S. technology sector, emphasised by strong gains from electric vehicle giant Tesla (NASDAQ:) after Tuesday’s close.Tesla stock jumped in premarket trading even as the carmaker flagged accelerated plans to develop cheaper EV models, a…

JNJ Elliott Wave Analysis Trading Lounge Daily Chart. Johnson & Johnson, (JNJ) Daily Chart. JNJ Elliott Wave technical analysis Function: Counter Trend. Mode: Corrective. Structure: Complex. Position: Intermediate (2). Direction: Downside in wave Z.   Details: Looking for support as we touched 0.618 Z vs. X. If we find resistance on Medium Level at 150 then we can expected further downside.   JNJ Elliott Wave technical analysis – Daily chart Johnson & Johnson is observed in a counter trend phase characterized by a complex corrective structure, specifically placed in Intermediate wave (2). Currently, the stock is progressing through the downside movements of wave Z. Key observations indicate the stock…