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FxWirePro: AUD/USD bulls unlikely to hold falling wedge and rising channel supports, bears on verge of extending double top formation – Trade tunnel spreads

Mar 29, 2018 08:20 am UTC| Technicals Insights & Views

Chart and candlestick pattern formed: Minor trend slides through falling wedge and intermediate trend in rising channel. Back-to-back shooting stars pop-up at wedge resistance and the bearish engulfing pattern has...

FxWirePro: Spotlight on recent economic and monetary developments and their impacts on carry, high-beta and G10 FX universe

Mar 29, 2018 07:30 am UTC| Research & Analysis Central Banks Insights & Views

The currency markets navigated two major events over the past week that left the broad dollar with no more directional clarity than before. The March FOMC under new Fed Chair Powell raised rates as widely anticipated and...

FxWirePro: BTC/USD’s gravestone doji plummets prices below DMAs, weakness in intermediate trend intensified on bearish crossovers

Mar 29, 2018 06:11 am UTC| Digital Currency Technicals Insights & Views

Both minor and intermediate trends of BTCUSD has been weaker as the current price of this pair has slid below DMAs EMAs and the closing prices from last three days have remained below $8000 mark. As shown on the daily...

FxWirePro: Uphold USD/EUR/TRY carry-neutrally delta-hedged risk-reversals amid lingering scepticism on dubious Turkish currency

Mar 28, 2018 12:35 pm UTC| Research & Analysis Insights & Views

USD-EM spot rates should be upwardly biased, and the bulk of total return performance in 2018, if any, should come via carry similar to the past two years. The risk to our forecasts is a stronger performance in 1H2018....

FxWirePro: Vulnerable Turkish lira on verge of establishing all-time peaks, most luring bearish candidate among EMFX to be hedged

Mar 28, 2018 12:22 pm UTC| Research & Analysis Insights & Views Central Banks

Following the initial flash crash earlier last Friday, the Turkish lira appeared to be stabilized for a while before it continues to depreciate slightly again. The lira is not alone in this: currencies such as the forint...

FxWirePro: Uphold call spreads to hedge WTI crude price risks ahead of US EIA’s inventory report

Mar 28, 2018 11:31 am UTC| Research & Analysis Insights & Views

Today, WTI crude prices dragged yesterdays loses below $65 mark ahead of the speculation on weekly supply data which is scheduled later in the day would release if there is a huge build-up in U.S. oil supplies. The U.S....

FxWirePro: WTI CFDs repeat the history with display of shooting star in minor trend, bulls in major trend unlikely to exhaust – Short trades and long hedges

Mar 28, 2018 11:01 am UTC| Technicals Insights & Views

Spot out WTI CFDs frequent occurrences of shooting stars and hanging man patterns at peaks of recent rallies (refer circular areas on the daily chart). Subsequently, these bearish patterns evidence slumps, more weakness...

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Economy

IMF Reaches Staff-Level Agreement With Egypt, Opening Path to $3.8 Billion in Funding

The International Monetary Fund (IMF) has announced that it reached a staff-level agreement with Egypt on the fifth and sixth reviews of the countrys Extended Fund Facility (EFF), a key step that could unlock around $2.5...

RBA Signals Possible Interest Rate Hike in 2026 as Inflation Pressures Persist

The Reserve Bank of Australia (RBA) has revealed that its board members discussed the possibility of raising interest rates in 2026, according to the minutes from the central banks December policy meeting. The discussion...

Wall Street Ends Higher as S&P 500, Nasdaq Extend Gains Ahead of Holiday Week

U.S. stock markets closed higher on Monday, extending recent gains as investors look to finish the year on a strong note despite thinning trading volumes in a holiday-shortened week. The SP 500 rose 0.5% by the closing...

Global Markets Rise as Tech Stocks Lead, Yen Strengthens, and Commodities Hit Record Highs

Global financial markets started a holiday-shortened week on a positive note, with most major stock indexes posting gains as technology stocks rebounded and investor sentiment improved. Wall Street was supported by...

Platinum Price Surges Past $2,000 as Demand and Supply Dynamics Tighten

Platinum prices surged sharply at the start of the week, rallying more than 4.6% on Monday to break above the $2,000 per ounce level for the first time since 2008. The move marks a 17-year high for the precious metal and...

Politics

Trump Administration Recalls Nearly 30 U.S. Ambassadors in Push for “America First” Agenda

The Trump administration has recalled nearly 30 U.S. ambassadors and senior career diplomats from overseas posts, a move officials say aligns embassies more closely with the presidents America First foreign policy, but...

Australia Moves Toward Tougher Gun Laws After Bondi Shooting

Australias most populous state, New South Wales, is set to introduce significantly tougher gun laws alongside new measures targeting terrorism and public protests, following a deadly mass shooting in Sydneys Bondi area....

Trump Announces Ambitious Plan for New U.S. Navy Super Battleships

U.S. President Donald Trump announced on Monday an ambitious proposal for the United States Navy to begin building a new class of advanced battleships, a move that could significantly reshape the future of American naval...

China’s Nuclear Expansion Raises Arms Control Concerns as Pentagon Report Warns of Growing Military Ambitions

China is rapidly expanding and modernizing its nuclear weapons arsenal, with a draft Pentagon report warning that Beijing may have loaded more than 100 intercontinental ballistic missiles (ICBMs) across three newly...

Kremlin Downplays U.S.-Russia Talks on Ukraine as Ongoing Process

Russia has played down expectations surrounding recent discussions with the United States on the Ukraine conflict, emphasizing that the talks should not be interpreted as a major diplomatic breakthrough. Kremlin spokesman...

Science

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Technology

FTC Praises Instacart for Ending AI Pricing Tests After $60M Settlement

The U.S. Federal Trade Commission has welcomed Instacarts decision to end its artificial intelligence-based price testing, a move that follows weeks of consumer backlash and regulatory scrutiny. FTC Chair Andrew Ferguson...

John Carreyrou Sues Major AI Firms Over Alleged Copyrighted Book Use in AI Training

Investigative journalist John Carreyrou, widely known for exposing fraud at Silicon Valley blood-testing startup Theranos and for authoring the bestselling book Bad Blood, has filed a new copyright infringement lawsuit...

Italy Fines Apple €98.6 Million Over App Store Dominance

Italys competition authority has imposed a 98.6 million ($115.53 million) fine on U.S. technology giant Apple and two of its subsidiaries, citing alleged abuse of a dominant market position related to the distribution of...

Moore Threads Unveils New GPUs, Fuels Optimism Around China’s AI Chip Ambitions

Moore Threads Technology Co Ltd (SS:688795), often described as Chinas potential alternative to NVIDIA Corporation (NASDAQ: NVDA), attracted investor attention after unveiling a new lineup of graphics processing units at...

U.S. Lawmakers Urge Pentagon to Blacklist More Chinese Tech Firms Over Military Ties

A group of nine Republican U.S. lawmakers has formally urged the Pentagon to expand its list of Chinese companies accused of supporting Chinas military, intensifying scrutiny of Beijing-linked technology firms amid rising...
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