Skip to main content

China, US agree to $30b tariff cut, AI dialogue during Xi visit, Beijing says

China said on Saturday it had agreed with the United States on a $30 billion reciprocal tariff-reduction arrangement and on launching a ​dialogue on AI, under an eight-point consensus reached during President ‌Xi Jinping's visit to Washington. The two sides have also agreed to set up a trade council and extend the outcomes of earlier talks in Kuala Lumpur, the Chinese ​Foreign Ministry said. The agreement follows an earlier move by ​the world's two largest economies to extend by two months ⁠a trade truce that had been due to expire on November 10, ​allowing more time to work on a potentially bigger trade deal, US ​Treasury Secretary Scott Bessent said on Wednesday. Read: US, China buy time with trade truce as pressure builds The three-day summit between Xi and President Donald Trump, which ended on Friday, showcased personal diplomacy rather than big public breakthroughs. ​Xi has since landed in Beijing, Chinese state news agency Xinhua reported ​on Saturday. On a...
Post a Comment

Bullish signals indicate Dogecoin could hit $5, say crypto experts

Dogecoin (DOGE), the popular meme-based cryptocurrency, is once again making headlines as crypto analysts point to strong bullish signals that could propel its price to new heights. Recent insights suggest DOGE could potentially reach $5, with some long-term forecasts even targeting higher price points. Explosive growth Prominent crypto analyst Trader Tardigrade has outlined a bullish trajectory for Dogecoin, emphasizing that the cryptocurrency is entering the final phase of its bull run. Using the Chande Momentum Oscillator (ChandeMO), Tardigrade’s analysis indicates that DOGE could rally to $5 and beyond, potentially reaching $9 in this market cycle. Drawing comparisons to previous cycles from 2018 to 2020, he highlighted the alignment of DOGE’s current price action with the 50 Arnaud Legoux Moving Average (ALMA), further reinforcing the case for a surge. Additionally, Trader Tardigrade suggested that if DOGE mirrors its 2021 bull cycle, the price could even hit double digits, with an optimistic peak at $30. However, the more conservative projection of $8.7, based on the 2017 market trends, remains a key milestone for investors. Analyst views Kevin Capital, another respected crypto strategist, noted that DOGE recently closed a daily candle above the macro 0.786 Fibonacci level, a significant bullish indicator. He identified the next resistance levels at $0.48 and $0.41, which are critical for sustaining upward momentum. Capital advised traders to watch for follow-through price movements to validate the breakout. Machine-learning algorithms from CoinCodex add further optimism, predicting DOGE could reach the highly anticipated $1 mark by March 2025. According to their model, the token could rise to $1.11 by April, representing a 200% gain from its current levels. Macro factors Market sentiment and technical indicators such as Dogecoin’s Relative Strength Index (RSI) and moving average ribbons are adding fuel to the rally. Additionally, external events, such as the upcoming U.S. presidential inauguration, could provide further catalysts for DOGE’s growth. As crypto analyst Master Kenobi noted, Dogecoin often responds positively to social and political developments, reinforcing its appeal among retail and institutional investors alike. Caution amid enthusiasm Despite the optimistic outlook, some experts remain cautious. Kevin Capital warned against potential FOMO, advising investors to wait for confirmation of a breakout above multi-year resistance levels. “The current price action is promising, but there’s still room for consolidation,” he stated. Suggestions for enhancing the report Include Market Risks: Highlight potential risks such as regulatory changes, market volatility, or external economic factors that could impact Dogecoin’s price trajectory. Balance Perspectives: Incorporate a more extensive range of skeptical views to provide readers with a comprehensive understanding of both the potential and limitations of DOGE’s growth.  

from Latest World News, International News | Breaking World News https://ift.tt/tl2uYsk
Labels:

Comments

Post a Comment

Popular posts from this blog

At least 32 miners dead after bridge fails at cobalt site in southeast DR Congo

A bridge collapsed at a cobalt mine in southeast Democratic Republic of Congo killing at least 32 wildcat miners, a regional government official said Sunday. The bridge came down Saturday onto a flooded zone at the mine in Lualaba province, Roy Kaumba Mayonde, the provincial interior minister, told reporters. He said 32 bodies had been recovered and more were being searched for. The DRC produces more than 70 percent of the world supply of cobalt, which is essential for batteries used in electric cars, many laptop computers and mobile phones. More than 200,000 people are estimated to be working in giant illegal cobalt mines in the giant central African country. Local authorities said the bridge collapsed at the Kalando mine, about 42 kilometres (26 miles) southeast of the Lualaba provincial capital, Kolwezi. "Despite a formal ban on access to the site because of the heavy rain and the risk of a landslide, wildcat miners forced their way into the quarry," said Mayonde. He said ...
Post a Comment
Read more

Arab countries, Pakistan likely to observe Eid on same day

The International Astronomy Centre confirmed on Wednesday that the crescent moon of Shawwal will be impossible to sight on Saturday, March 29, across all regions of the Arab and Islamic world. This is due to the moon setting before the sun, with the conjunction occurring after sunset. As a result, observing the crescent moon, whether by the naked eye, telescopes, or other means, will be unfeasible on March 29. For countries requiring an actual sighting to mark the start of Shawwal, Ramadan will likely extend to 30 days, with Eid Al Fitr falling on Monday, March 31. However, in some regions where the conjunction occurs before sunset, allowing the moon to set after sunset, some countries may choose to declare Eid on Sunday, March 30, following traditional moon-sighting practices. Notably, a partial solar eclipse will be visible at noon on Saturday in parts of the western Arab world, including Mauritania, Morocco, Algeria, and Tunisia. This event serves as definitive proof that the cresce...
Post a Comment
Read more

Vancouver tribunal says 'every dog is entitled to one bite' in injury case

A woman who sought nearly $5,000 in damages after being bitten by a dog on Christmas Eve has had her claim dismissed, after a British Columbia tribunal ruled the incident amounted to an accident — and that “every dog is entitled to one bite.” Ying Shen was bitten on the hand by a mini Australian Shepherd named Juliet as she stepped out of an elevator in her apartment building in Vancouver on 24 December 2022. The dog, which was leashed and accompanied by neighbour Jeffrey Dale Polo, bit Shen as the two passed each other in the corridor. According to the B.C. Civil Resolution Tribunal’s decision, Polo apologised, saying Juliet was “usually well behaved.” Shen sought medical attention that night at St. Paul’s Hospital, where she was treated for a superficial abrasion and given a tetanus shot. She later filed a report with the City of Vancouver. A bylaw officer determined that Juliet was not considered dangerous under city regulations, though the dog was found to be unlicensed. In his 5 M...
Post a Comment
Read more