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FxWirePro: USDCHF Daily Outlook

Jan 08, 2020 11:37 am UTC| Technicals

Ichimoku Analysis (4-hour chart) Tenken-Sen- 0.96974 Kijun-Sen- 0.97037 USDCHF is trading in a narrow range between 0.9645 and 0.9745 for the past 1-week. The pair has declined till 0.96683 yesterday...

FxWirePro: EURUSD trades below 1.11500 level on Middle East tension escalation, good to sell on rallies

Jan 08, 2020 11:01 am UTC| Technicals

EURUSD has lost more than 50 pips on US -Iran tension escalation. Iran strikes missile at US forces in Iraq at al-Asad and Erbil. Iranian state Tv said that attack is retaliation after the US killed top commander in a...

FxWirePro: USD/JPY Bears Breakdown Wedge Support, Major Trend Attempts To Form Triple Bottom In Range – Trading & Hedging Setup

Jan 08, 2020 10:13 am UTC| Technicals

USDJPYminor trend moved in rising wedge pattern so far. But for now, bears have managed to breakdown below wedge support, where the price plunges below 108.885 levels or -1.13% upon back-to-back hanging man, long-legged...

FxWirePro: USDCAD struggles to close above 1.3000 level, bullishness only above 1.3030

Jan 08, 2020 09:38 am UTC| Technicals

USDCAD has shown a minor recovery after a major sell-off of more than 350 pips on broad-based US dollar selling and surging Crude oil price. Brent crude soared sharply and jumped till $71.29 on an escalation of tensions in...

FxWirePro: USD/NOK gains on Norway's soft economic data, good to buy on dips

Jan 08, 2020 09:37 am UTC| Technicals

The Norwegian Krone eased, hovering towards a 1-1/2 week trough hit in the previous session following soft industrial production and manufacturing prod. figures. Norways industrial production declined 0.9 percent...

Crypto Technicals: XRP/USD falters at stiff cloud resistance, retraces below 55-EMA

Jan 08, 2020 09:34 am UTC| Digital Currency Technicals

XRP/USD chart - Trading View Exchange - Kraken Support: 0.2072 (5-DMA); Resistance: 0.2269 (daily cloud) Technical Analysis: Bias Neutral XRP/USD trades subdued below 55-EMA as the pair fails to hold gains on...

FxWirePro: FTSE100 Daily Outlook

Jan 08, 2020 09:29 am UTC| Technicals

Ichimoku Analysis (Hourly chart) Tenken-Sen- 7560 Kijun-Sen- 7580 FTSE100 has halted its 1-month of the bullish trend and lost more than 150 pips on an escalation of tension between the US and Iran....

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Economy

Australia's Trade Surplus Surges in February on Gold Export Boom

Australia recorded a significant widening of its trade surplus in February, as a powerful rebound in exports combined with softening import demand to deliver results well beyond market expectations. Official data released...

Gulf War Ceasefire Hopes Weigh on Dollar Ahead of Trump Address

Global currency markets held largely steady Thursday as traders stayed on the sidelines ahead of a closely watched national address by U.S. President Donald Trump, expected to outline potential ceasefire developments in...

Trump's Claim That the U.S. Can Cover Global Jet Fuel Shortfall Doesn't Add Up

President Donald Trump urged nations facing jet fuel shortages caused by Irans blockade of the Strait of Hormuz to simply purchase their supply from the United States. We have plenty, Trump posted on Truth Social. But...

Oil Prices Hold Near Multi-Year Highs Amid Iran Conflict and Hormuz Supply Fears

Oil prices remained elevated during Asian trading on Wednesday as markets processed mixed signals surrounding the ongoing conflict with Iran. Brent crude futures for June climbed 0.5% to $104.47 per barrel, while West...

Asian Stocks Surge on Trump's Iran War Comments and Dip-Buying

Asian equity markets posted strong gains on Wednesday, driven by U.S. President Donald Trumps remarks signaling a potential end to military operations against Iran within two to three weeks. Renewed investor optimism,...

Politics

FBI Launches Independent Cuba Probe After Deadly Speedboat Shootout

A team of FBI agents traveled to Cuba this week to conduct an independent investigation into a deadly maritime confrontation involving ten Cuban exiles who attempted to infiltrate the island by speedboat under cover of...

Carney and Trump Discuss Middle East Crisis in High-Stakes Phone Call

Canadian Prime Minister Mark Carney and U.S. President Donald Trump connected over the phone on Wednesday to address the ongoing conflict in the Middle East, among other pressing global issues. The call marked another...

Bahamas Calls Snap Election for May 12 Amid Cost of Living Concerns

Prime Minister Philip Davis announced Wednesday that the Bahamas will hold an early general election on May 12, moving the vote several months ahead of its originally scheduled mid-October date. Davis confirmed he will...

Trump's NATO Threat Looms as Rutte Plans Washington Visit

NATO Secretary-General Mark Rutte is set to visit Washington next week in what the alliance has described as a long-planned trip, arriving at a particularly tense moment in transatlantic relations. NATO spokesperson...

Mexico's Foreign Minister Juan Ramon de la Fuente Steps Down for Health Reasons; Roberto Velasco Nominated as Successor

Mexican President Claudia Sheinbaum announced Wednesday that Foreign Minister Juan Ramon de la Fuente is stepping down from his position due to ongoing health concerns. Sheinbaum has nominated Roberto Velasco, the current...

Science

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Technology

Annie Altman Amends Sexual Abuse Lawsuit Against OpenAI CEO Sam Altman

Annie Altman has filed an amended civil lawsuit against her brother, OpenAI CEO Sam Altman, accusing him of sexually abusing her over a span of nearly a decade. The amended complaint was submitted Wednesday in St. Louis...

TSMC Japan's Second Fab to Produce 3nm Chips by 2028

Taiwan Semiconductor Manufacturing Company (TSMC), the worlds leading contract chipmaker, has confirmed plans to begin equipment installation and mass production of 3-nanometre wafers at its second fabrication plant in...

Apple Turns 50: From Garage Startup to AI Crossroads

In early 1976, engineer Steve Wozniak finished designing a computer circuit board he planned to share with fellow hobbyists at a local California tech club. His friend Steve Jobs recognized a commercial opportunity, and...

Rubio Directs U.S. Diplomats to Use X and Military Psyops to Counter Foreign Propaganda

Secretary of State Marco Rubio has instructed American diplomats to leverage social media platform X and collaborate with Pentagon psychological operations units as part of a broader strategy to combat foreign...

Microsoft Eyes $7B Texas Energy Deal to Power AI Data Centers

Microsoft Corporation (NASDAQ: MSFT) is reportedly in exclusive negotiations with Chevron Corp (NYSE: CVX) and investment firm Engine No. 1 to develop a massive energy complex in West Texas dedicated to powering its...