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October 4, 2024

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North Korean leader Kim Jong Un threatened to use nuclear weapons to destroy South Korea if attacked, state media reported Friday, after South Korea’s president warned that if the North used nuclear weapons it would “face the end of its regime.”

The fiery rhetoric isn’t new, but comes at a time of tension on the Korean Peninsula and just weeks after North Korean state media released images of Kim visiting a uranium enrichment facility, which produces weapons-grade nuclear materials.

While touring an army base in the western part of the country Wednesday, Kim said if the South were to encroach upon the North’s sovereignty, Pyongyang “would use without hesitation all the offensive forces it has possessed, including nuclear weapons,” the state-run Korean Central News Agency reported Friday.

“If such situation comes, the permanent existence of Seoul and the Republic of Korea would be impossible,” Kim added, using the proper name for South Korea.

Hostilities between the two Korean leaders have been simmering this year as North Korea has appeared to have intensified its nuclear production efforts and strengthened ties with Russia, deepening widespread concern in the West over the isolated nation’s direction.

Kim’s comments appeared to come in direct response to South Korean President Yoon Suk Yeol, who on Tuesday showcased Seoul’s most powerful ballistic missile and other weapons designed to deter North Korean threats during a parade for Armed Forces Day.

North and South Korea have been cut off from each other since the end of the Korean War in 1953, which concluded with an armistice not a peace treaty, leaving the two sides still technically at war.

While both governments had long sought the goal of one day peacefully reunifying, earlier this year Kim announced the North would no longer pursue that aim, calling the South the “principal enemy” and demolishing a monument symbolizing unification.

Last month, North Korean state media released photos of Kim purportedly touring a nuclear facility in a rare glimpse of the nation’s closely guarded weapons program. Experts said the images – which show Kim flanked by men in military uniforms and crisp white lab shirts – underscore North Korea’s growing confidence in its position as a nuclear power.

South Korea has also been building up its arsenal to respond to a potential threat from the North.

On Tuesday, Yoon unveiled the Hyunmoo-5 ballistic missile, which is reportedly capable of penetrating North Korean underground bunkers.

“If North Korea attempts to use nuclear weapons, it will face the resolute and overwhelming response of our military and the SK-US alliance,” Yoon said, in reference to the United States as the country’s key military partner. “The North Korean regime must now break free from the delusion that nuclear weapons will protect them.”

The US flew a B-1B bomber over an Armed Forces Day ceremony on Tuesday in Seongnam, near Seoul, in an apparent show of solidarity.

On Wednesday, Kim called Yoon a “puppet” and said he was an “abnormal man” for bragging about his military might at the doorstep of a nation in possession of nuclear weapons, KCNA reported.

This post appeared first on cnn.com

More than a dozen tigers were incinerated after the animals contracted bird flu at a zoo in southern Vietnam, officials said.

State media VNExpress cited a caretaker at Vuon Xoai zoo in Bien Hoa city saying the animals were fed with raw chicken bought from nearby farms. The panther and 20 tigers, including several cubs, weighed between 10 and 120 kilograms (20 and 265 pounds) when they died. The bodies were incinerated and buried on the premises.

“The tigers died so fast. They looked weak, refused to eat and died after two days of falling sick,” said zoo manager Nguyen Ba Phuc.

Samples taken from the tigers tested positive for H5N1, the virus that causes bird flu.

The virus was first identified in 1959 and grew into a widespread and highly lethal menace to migratory birds and domesticated poultry. It has since evolved, and in recent years H5N1 was detected in a growing number of animals ranging from dogs and cats to sea lions and polar bears.

In cats, scientists have found the virus attacking the brain, damaging and clotting blood vessels and causing seizures and death.

More than 20 other tigers were isolated for monitoring. The zoo houses some 3,000 other animals including lions, bears, rhinos, hippos and giraffes.

The 30 staff members who were taking care of the tigers tested negative for bird flu and were in normal health condition, VNExpress reported. Another outbreak also occurred at a zoo in nearby Long An province, where 27 tigers and 3 lions died within a week in September, the newspaper said.

Unusual flu strains that come from animals are occasionally found in people. Health officials in the United States said Thursday that two dairy workers in California were infected — making 16 total cases detected in the country in 2024.

“The deaths of 47 tigers, three lions, and a panther at My Quynh Safari and Vuon Xoai Zoo amid Vietnam’s bird flu outbreak are tragic and highlight the risks of keeping wild animals in captivity,” PETA Senior Vice President Jason Baker said in a statement sent to The Associated Press.

“The exploitation of wild animals also puts global human health at risk by increasing the likelihood of another pandemic,” Baker said.

Bird flu has caused hundreds of deaths around the world, the vast majority of them involving direct contact between people and infected birds.

This post appeared first on cnn.com

Bitcoin and Ethereum: New Support and Targets for Friday

  • On Thursday, the price of Bitcoin fell to a new weekly low of $59860
  • A new weekly low for the price of Ethereum was formed yesterday at the $2308 level

Bitcoin chart analysis

On Thursday, the price of Bitcoin fell to a new weekly low of $59860. After that, we managed to stabilize again above $60,000 and start a recovery to the $61,200 level. Bitcoin has solid momentum to continue on the bullish side, and at the current level, it could find support from the EMA 50 moving average. That would strengthen optimism for continued bullishness.

Potential higher targets are $61500 and $62000 levels. The EMA 200 moving average is waiting for us in the zone of $62500, and we expect greater resistance there. For a bearish option, we need a negative consolidation of Bitcoin down to the $60000 support level. This time, we are looking for a break below to a new weekly low. This will confirm the bearish presence on the chart, and we can expect a further pullback. Potential lower targets are $59500 and $59000 levels.

 

Ethereum chart analysis

A new weekly low for the price of Ethereum was formed yesterday at the $2308 level. Shortly after its formation, the price started a recovery that continued today to the level of $2385. We have solid momentum and expect the price to continue its recovery by the end of the day. Moving above $2400 will get support from the EMA 50 moving average to continue on the bullish side. Potential higher targets are $2425 and $2450 levels.

The EMA 200 moving average is up in the $2500 zone. For a bearish option, we need a negative consolidation of the Ethereum price below the $2350 level. Thus, we go below the daily open price to the negative side. Strengthening bearish momentum will influence us to retest the previous low. With new pressure in that zone, we expect an impulse below to a new low as confirmation of further pullback. Potential lower targets are $2300 and $2275 levels.

 

The post Bitcoin and Ethereum: New Support and Targets for Friday appeared first on FinanceBrokerage.

Gold and Silver: New Higher Targets and Prices on Friday

  • During this morning’s Asian trading session, the price of gold received support at the $2656 level
  • The price of silver gained new support this morning at the $32.00 level

Gold chart analysis

During this morning’s Asian trading session, the price of gold received support at the $2656 level. From there, a bullish consolidation was initiated to the daily high at $2667. At the moment, we have a small pause there, but we remain still in a bullish consolidation. For growth above $2670, we need a new bullish impulse. Potential higher targets are $2675 and $2680 levels. This week’s previous high was at $2673, and we hope for a new one after the NFP report.

For a bearish option, we need a negative consolidation of the gold price back to $2655. This moves us to this morning’s support, and the pressure increases because we are now below the weekly open price. That will build bearish momentum for a continued pullback to new lower support. Potential lower targets are $2650 and $2645 levels. Additional support for gold at $2645 is the EMA 200 moving average, which has kept us bullish this week.

 

Silver chart analysis

The price of silver gained new support this morning at the $32.00 level. After that, we saw a bullish consolidation up to the $32.27 level. Our target is to reach the previous weekly high at $32.30 and form a new one. For something like that, we need a new impulse that would take us above. Potential higher targets are $32.40 and $32.50 levels. Last week’s high was at $32.71.

For a bearish option, the price of silver must go back down to the daily open level of $32.00. Then, we need to see a break below to a new daily low. This gives us confirmation of the bearish presence, and we expect to see a pullback to new lower support. Potential lower targets are $31.80 and $31.60 levels. We will test the weekly open price at $31.60. If it does not hold, we will try to look for support in the EMA 200 moving average at $31.50.

 

The post Gold and Silver: New Higher Targets and Prices on Friday appeared first on FinanceBrokerage.

Oil and Natural Gas: New Highs and Targets for Friday

  • The increasing escalation in the Middle East has caused the price of oil to rise since the beginning of this week
  • The price of natural gas climbed to $3.10 on Thursday, a new weekly high

Oil chart analysis

The increasing escalation in the Middle East has caused the price of oil to rise since the beginning of this week. On Thursday, the price climbed to the $74.00 level. During this morning’s Asian trading session, oil was moving in the $73.50-$74.00 range. It could easily happen that we see a new bullish impulse and a move to a new October high. Potential higher targets are $74.50 and $76.00 levels.

For a bearish option, the oil price would have to retreat first to the $73.00 level. In this way, we would see the formation of a new daily low. This confirms we are moving away from the previous path and turning to the bearish side. After that, oil remains to go further down and look for new lower support. Potential lower targets are $72.00 and $71.00 levels. Additional support for the price is the EMA 50 moving average, which is in the $72.00 zone.

 

Natural gas chart analysis

The price of natural gas climbed to $3.10 on Thursday, a new weekly high. After that, we saw a slight pullback to new support at $3.05. In this morning’s Asian trading session, we see the initiation of a new bullish consolidation close to the weekly high. Everything indicates that the break above is close. Potential higher targets are $3.12 and $3.14 levels.

For a bearish option, we need a negative consolidation and a pullback of natural gas below $3.08 this morning’s support. Thus, we move to a new daily low and confirm the strengthening of bearish swings. In the $3.06 zone, we will try to test the EMA 50 moving average support. We have his support during this week. The inability to hold above will push the price of natural gas below to a new lower low. Potential lower targets are $3.04 and $3.02 levels.

 

The post Oil and Natural Gas: New Highs and Targets for Friday appeared first on FinanceBrokerage.

EURUSD and GBPUSD: New Support and Targets for Friday

  • On Thursday, EURUSD retreated to 1.10084 levels to a new weekly low
  • Yesterday GBPUSD fell to 1.30920 to a new weekly low

EURUSD chart analysis

On Thursday, EURUSD retreated to 1.10084 levels to a new weekly low. A strong dollar is putting pressure on the euro all this week. During this morning’s Asian trading session, the movement took place in the 1.10250-1.10400 range. We have a slight hint that we could see the initiation of bullish consolidation as the dollar has fallen into a resistance zone. Potential higher targets are 1.10600 and 1.10800 levels.

In the 1.10800 zone, we encounter the EMA 200 moving average again, which was an obstacle for us to return to the bullish side. For a bearish option, we need a negative consolidation and pullback down to the 1.10000 level. With that step, we hint at a further retreat and the formation of a new weekly low. Potential lower targets are 1.09800 and 1.09600 levels.

 

GBPUSD chart analysis

Yesterday GBPUSD fell to 1.30920 to a new weekly low. A strong bearish consolidation since the start of the week brought this pair down by over 300 pips or 2.45%. During this morning’s Asian trading session, GBPUSD finally stopped the pullback and started a recovery. In the EU session, we see the formation of a daily high at the 1.31500 level. Bullish momentum is building and we should see a further rally by the end of the day.

Potential higher targets are 1.32000 and 1.32500 levels. Additional support is found in the EMA 50 moving average by crossing above 1.32000. For a bearish option, GBPUSD would have to first drop below the daily open level of 1.31235. With that step, we move to the bearish side. Potential lower targets are 1.31000 and 1.30500 levels.

 

The post EURUSD and GBPUSD: New Support and Targets for Friday appeared first on FinanceBrokerage.

S&P 500 and Nasdaq: New support and targets on Friday

  • This week has not been kind to the S&P 500 index
  • The value of the Nasdaq index retreated to the 19614.1 support level on Tuesday

S&P 500 chart analysis

This week has not been kind to the S&P 500 index. On Tuesday, we had a strong bearish consolidation; on Wednesday, we formed a new weekly low at the 5673.1 level. From then until now, we see a sideways movement of the index in the 5675.0-2720.0 range. Additional pressure in the upper zone makes the EMA 200 moving average. Today’s picture has slight positive indications as support has risen to the 5695.0 level.

Expectations are growing that the S&P 500 has enough strength to jump over the EMA 200 and continue towards the weekly open zone around 5730.0. If we succeed in this, the optimism for the continuation to the bullish side grows. Potential higher targets are 5740.0 and 5750.0 levels. For a bearish option, we need a negative consolidation and a pullback of the index below the 5680.0 level. With those steps, we will put pressure on the support zone, and we need a break below to confirm the bearish scenario. Potential lower targets are 5670.0 and 5660.0 levels.

 

Nasdaq chart analysis

The value of the Nasdaq index retreated to the 19614.1 support level on Tuesday. After that, the index starts the initial consolidation in the 19650.0-19850.0 range. During this morning’s Asian session, we moved close to the upper line of the current range, and there we encounter the EMA 200 moving average. To continue on the bullish side, we need an impulse above at least the 19900.0 level.

That should be plenty of room for the Nasdaq to consolidate above the EMA 200 and continue to rise. Potential higher targets are 19950.0 and 20000.0 levels. For a bearish option, we need a negative consolidation and pullback down to the 19650.0 support level. This puts pressure on this week’s support zone. New pressure could easily push the Nasdaq to a new low and thus confirm the move to the bearish side. Potential lower targets are 19600.0 and 19550.0 levels.

 

The post S&P 500 and Nasdaq: New support and targets on Friday appeared first on FinanceBrokerage.