China

XAU/USD Breaks Out of Pennant Pattern, Gold Price Predicted to Rise to $2,043

Source Node: https://platodata.network/platowire/xau-usd-breaks-out-of-pennant-pattern-gold-price-predicted-to-rise-to-2043/
Time Stamp: April 5, 2023 2:08 AM - Modified On: April 5, 2023 - Published By:
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The XAU/USD, also known as the gold price, has recently broken out of a pennant pattern, which is a bullish signal for the precious metal. This breakout has led many analysts to predict that the gold price will rise to $2,043 in the near future.A pennant pattern is a technical analysis chart pattern that forms when there is a period of consolidation after a strong price movement. The pattern is formed by two converging trendlines that form a triangle shape. The pennant pattern is considered a continuation pattern, which means

XAU/USD Pennant Breakout Confirmed, Gold Price Expected to Rise Towards $2,043

Source Node: https://platodata.network/platowire/xau-usd-pennant-breakout-confirmed-gold-price-expected-to-rise-towards-2043/
Time Stamp: April 5, 2023 2:08 AM - Modified On: April 5, 2023 - Published By:
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The XAU/USD pennant breakout has been confirmed, and gold prices are expected to rise towards $2,043. This news has sent shockwaves through the financial world, as investors scramble to position themselves for the expected surge in gold prices.The XAU/USD pennant breakout is a technical analysis pattern that occurs when the price of gold forms a triangle shape on a chart. This pattern is formed when the price of gold is consolidating after a significant move up or down. The pennant pattern is characterized by a series of lower highs and

Following a previous decline, the US Dollar stabilizes and regains its strength.

Source Node: https://platodata.network/platowire/following-a-previous-decline-the-us-dollar-stabilizes-and-regains-its-strength/
Time Stamp: April 4, 2023 10:00 AM - Modified On: April 4, 2023 - Published By:
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The US Dollar is one of the most widely used currencies in the world, and its strength or weakness can have a significant impact on global financial markets. In recent years, the US Dollar has experienced some ups and downs, with periods of decline followed by periods of stabilization and strength. In this article, we will explore the reasons behind the recent decline of the US Dollar and how it has managed to stabilize and regain its strength.The US Dollar's decline began in early 2017, when the Trump administration announced

US Space Force Seeks $700M Funding for Cybersecurity Measures Launch

Source Node: https://platodata.network/platowire/us-space-force-seeks-700m-funding-for-cybersecurity-measures-launch/
Time Stamp: March 31, 2023 10:30 AM - Modified On: March 31, 2023 - Published By:
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The United States Space Force (USSF) is seeking $700 million in funding to bolster its cybersecurity measures. The request comes as the USSF faces increasing threats from foreign adversaries who seek to exploit vulnerabilities in the country's space-based infrastructure.The USSF was established in December 2019 as the sixth branch of the US military. Its mission is to protect US interests in space, including satellites, communication systems, and other critical infrastructure. As the reliance on space-based technology continues to grow, so does the need for robust cybersecurity measures to protect these

China’s Pollution Crisis Looms Over Legacy Auto as Unsold Cars Pose a Threat to Business Survival.

Source Node: https://platodata.network/platowire/chinas-pollution-crisis-looms-over-legacy-auto-as-unsold-cars-pose-a-threat-to-business-survival/
Time Stamp: March 31, 2023 7:00 AM - Modified On: March 31, 2023 - Published By:
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China's pollution crisis has been a growing concern for the country for many years now. The country has been grappling with high levels of air pollution, water pollution, and soil pollution, which have had a significant impact on the health and well-being of its citizens. One of the major contributors to this pollution crisis is the automotive industry, which has been producing millions of cars each year, many of which run on fossil fuels.However, with the rise of electric vehicles and the increasing awareness of the need to reduce carbon

“Legacy Auto Company in China Struggles with Unsellable Cars Amidst Impending Pollution Crisis”

Source Node: https://platodata.network/platowire/legacy-auto-company-in-china-struggles-with-unsellable-cars-amidst-impending-pollution-crisis/
Time Stamp: March 31, 2023 7:00 AM - Modified On: March 31, 2023 - Published By:
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Legacy Auto Company, a major automobile manufacturer in China, is currently facing a significant challenge. The company is struggling with a large inventory of unsellable cars due to the impending pollution crisis in the country. This situation has created a major headache for the company, which is now grappling with how to dispose of these vehicles without causing further harm to the environment.China is currently facing a severe pollution crisis, with air pollution levels in many cities reaching hazardous levels. The government has responded by implementing strict regulations aimed at

“Recap of Quantum Computing News and Events from March 20-25 Weekend”

Source Node: https://platodata.network/platowire/recap-of-quantum-computing-news-and-events-from-march-20-25-weekend/
Time Stamp: March 25, 2023 7:59 AM - Modified On: March 25, 2023 - Published By:
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Quantum computing is a rapidly evolving field that has the potential to revolutionize the way we process information. In recent years, there has been a surge of interest in quantum computing, with major tech companies like IBM, Google, and Microsoft investing heavily in the technology. The weekend of March 20-25 saw several exciting developments in the world of quantum computing. Here's a recap of some of the most significant news and events:1. IBM announces new quantum computerOn March 22, IBM announced that it had developed a new quantum computer with

Jeffrey Gundlach, Billionaire ‘Bond King’, Forecasts Significant Rate Cuts by the Fed in the Near Future

Source Node: https://platodata.network/platowire/jeffrey-gundlach-billionaire-bond-king-forecasts-significant-rate-cuts-by-the-fed-in-the-near-future/
Time Stamp: March 24, 2023 9:30 PM - Modified On: March 24, 2023 - Published By:
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Jeffrey Gundlach, the billionaire bond king and CEO of DoubleLine Capital, has recently made headlines with his prediction of significant rate cuts by the Federal Reserve in the near future. Gundlach is known for his accurate predictions in the bond market, and his latest forecast has caught the attention of investors and economists alike.Gundlach's prediction comes at a time when the US economy is showing signs of slowing down. The ongoing trade war with China, coupled with weaker global growth and geopolitical tensions, has led to concerns about a potential

TikTok Hearing Causes Last-Minute Halting of Pico 4 US Launch, According to Reports

Source Node: https://platodata.network/platowire/tiktok-hearing-causes-last-minute-halting-of-pico-4-us-launch-according-to-reports/
Time Stamp: March 24, 2023 10:56 AM - Modified On: March 24, 2023 - Published By:
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The popular social media app TikTok has been making headlines recently, and not just for its viral dance challenges and comedic skits. The app's parent company, ByteDance, has been facing scrutiny from the US government over concerns about data privacy and national security. This scrutiny has now reportedly caused a last-minute halt to the launch of the Pico 4 VR headset in the US.According to reports, Pico Interactive, a Chinese virtual reality (VR) company, was set to launch its Pico 4 headset in the US on September 30th. However, just

Analysis of USD/JPY Price: Bulls Aim to Test Key Resistance at 132.60, with Attention on 50% Reversion and Support Levels

Source Node: https://zephyrnet.com/usd-jpy-price-analysis-bulls-are-up-to-test-key-resistance-near-132-60-50-reversion-and-support-eyed/
Time Stamp: March 21, 2023 3:52 PM - Modified On: March 21, 2023 - Published By:
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The USD/JPY currency pair has been on an upward trend since the beginning of the year, with bulls aiming to test key resistance at 132.60. This is a significant level for traders as it represents a major psychological barrier that, if broken, could lead to further gains for the pair.One of the key factors driving the USD/JPY price higher is the divergence in monetary policy between the US and Japan. The Federal Reserve has been raising interest rates, while the Bank of Japan has maintained its ultra-loose monetary policy. This

Euro Continues to Rise as Market Turmoil Subsides: EUR/USD Update

Source Node: https://zephyrnet.com/eur-usd-euro-extends-rally-market-turmoil-eases/
Time Stamp: March 21, 2023 6:51 AM - Modified On: March 21, 2023 - Published By:
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The Euro has been on a steady rise against the US dollar in recent weeks, as market turmoil subsides and investors regain confidence in the global economy. The EUR/USD exchange rate has climbed from around 1.17 in early August to over 1.19 at the time of writing, marking a significant increase in value for the Euro.One of the main factors driving this upward trend is the easing of tensions surrounding the ongoing trade dispute between the US and China. While the two countries have yet to reach a formal agreement,

USD/INR aims to break multi-tested resistance at 83.00, with anticipation for Fed’s decision.

Source Node: https://zephyrnet.com/usd-inr-targets-83-00-multi-tested-resistance-while-awaiting-feds-decision/
Time Stamp: March 21, 2023 12:24 AM - Modified On: March 21, 2023 - Published By:
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The USD/INR currency pair has been on an upward trend since the beginning of 2021, with the exchange rate currently hovering around 73.50. The pair has been testing the resistance level at 83.00 multiple times over the past few months, and traders are now anticipating a potential breakout.One of the key factors driving the USD/INR exchange rate is the upcoming decision by the US Federal Reserve on its monetary policy. The Fed is expected to announce its decision on interest rates and other monetary policy measures on September 22nd. Traders