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FxWirePro: Sell DXY on rallies

Nov 21, 2019 16:56 pm UTC| Technicals

US dollar index trades lower for the past one week after forming minor top around 98.45. The minor trend is on the downside, as long as resistance 98.60 holds. It hits high of 99.67 on Oct 1st, 2019 and started to decline...

Crypto Technicals: XRP/USD grinds lower capped below 5-DMA, bearish bias intact

Nov 21, 2019 11:39 am UTC| Digital Currency Technicals

XRP/USD chart - Trading View Exchange - Kraken Support: 0.2058 (Sept 24 low); Resistance: 0.2521 (5-DMA) Technical Analysis: Bias Bearish XRP/USD was trading 2.67% lower on the day at 0.2431 at 11:30 GMT, bias...

FxWirePro: EURUSD trades flat, markets eye ECB minutes

Nov 21, 2019 11:33 am UTC| Technicals

EURUSD is on the upward trend from Nov 14th and jumped more than 100 pips till 1.10899. The Fed minutes clearly said that the current policy likely would remain so long as incoming information about the economy did not...

FxWirePro: USDCAD holds above 1.3300, markets eye BOC Poloz speech

Nov 21, 2019 10:31 am UTC| Technicals

Major resistance- 1.3385 USDCAD is trading higher and approaching Oct 2019 high at 1.33450. The pair has shown a minor decline after Canadian CPI came in line with estimation. It came at 0.3% m/m matched economist...

FxWirePro: AUD/JPY Interim Bulls Struggling At Rising Wedge Support, 7-EMA Caps Major Trend on Head and Shoulder Pattern

Nov 21, 2019 10:23 am UTC| Technicals

AUDJPYminor trend has formed rising wedge pattern, where the interim bulls are currently struggling to test the support at wedge baseline (refer daily plotting). Thereby, we could observe the most likely hammer pattern...

FxWirePro: USD/TRY near 2-1/2 week trough on Turkey's upbeat consumer confidence, dip till 5.6694 likely

Nov 21, 2019 10:07 am UTC| Technicals

The Turkish Lira surged, hovering towards a to a 2-1/2 week peak hit in the previous session on upbeat consumer confidence data. Turkeys consumer confidence increased to 7-month high of 59.9 in November from 57.0 in...

FxWirePro: USD/NOK halts 3-day rally, intraday bias bearish

Nov 21, 2019 09:44 am UTC| Technicals

The Norwegian Krone nudged higher, retreating from a near 1-week low hit in the previous session. USD/NOK trades 0.3 percent lower at 9.1084, having touched a high of 9.2127 on Wednesday, its highest since November...

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Economy

UAE's Largest Natural Gas Facility Suspended After Attack-Triggered Fire

Abu Dhabi authorities have temporarily halted operations at Habshan, the United Arab Emirates largest natural gas processing facility, following a devastating attack that triggered a major fire at the site. The incident...

Trump's FY2027 Budget: Major Defense Boost and Domestic Spending Cuts

President Donald Trump has unveiled a bold federal budget proposal for fiscal year 2027, signaling a dramatic realignment of national spending priorities. The plan centers on a significant expansion of military funding...

U.S. Warplane Shot Down by Iran Amid Escalating Middle East Conflict

A U.S. military aircraft was shot down by Iranian forces on Friday, marking a significant escalation in the ongoing five-week conflict between the United States, Israel, and Iran. Both nations confirmed the incident, with...

U.S. Job Market Braces for Slow Recovery Amid Middle East Tensions and Economic Uncertainty

The U.S. labor market is expected to post modest gains in March, recovering from Februarys sharp drop of 92,000 jobs, but persistent headwinds are keeping economists cautious. A Reuters poll forecasts nonfarm payrolls...

Bank of Japan Eyes Further Rate Hikes Amid Middle East Tensions and Inflation Pressures

A senior Bank of Japan official reaffirmed the central banks commitment to continuing its interest rate hike cycle, while closely monitoring how the ongoing Middle East conflict is shaping Japans economic outlook and...

Politics

U.S. F-15E Shot Down Over Iran: One Crew Member Recovered Amid Escalating Conflict

A United States F-15E Strike Eagle fighter jet has been shot down over Iranian territory, marking the first confirmed incident of its kind since the start of the nearly five-week conflict between the U.S., Israel, and...

U.S.-Iran War Escalates: Downed Fighter Jet, Stalled Ceasefire Talks, and Ground Invasion Fears

Tensions between the United States and Iran have reached a dangerous new peak following the downing of a U.S. F-15E fighter jet over Iranian territory the first time Tehran has shot down an American aircraft since the...

Judge Blocks DOJ Subpoenas in Federal Reserve Investigation, Delaying Powell Succession

A federal judge in Washington, D.C. has once again ruled against the Justice Departments efforts to revive a criminal investigation targeting Federal Reserve Chair Jerome Powell, dealing another significant blow to what...

Congo in Talks With Trump Administration to Accept Third-Country Deportees

The Democratic Republic of Congo is reportedly in discussions with the Trump administration about accepting deportees from third countries individuals who are not Congolese nationals but were living in the United States...

Russia's Easter Strikes Kill Multiple Civilians Across Ukraine

In a significant escalation of its ongoing war against Ukraine, Russia launched a massive daytime strike on Friday, killing at least six people across multiple regions, including Kyiv, Zhytomyr, Donetsk, and Kharkiv....

Science

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

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 Mission: First Crewed Lunar Journey Since Apollo

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...

Technology

Elon Musk Ties SpaceX IPO Access to Mandatory Grok AI Subscriptions

Elon Musk is reportedly making Grok subscriptions a prerequisite for banks and advisers involved in SpaceXs highly anticipated initial public offering. According to the New York Times, citing insiders familiar with the...

MATCH Act Targets ASML and Chinese Chipmakers in New U.S. Export Crackdown

A bipartisan group of U.S. lawmakers has unveiled the MATCH Act, a landmark piece of draft legislation designed to tighten export restrictions on advanced semiconductor manufacturing equipment destined for China. The...

Microsoft's $10 Billion Japan Investment: AI Infrastructure and Data Sovereignty Push

Microsoft is set to pour approximately $10 billion into Japan between now and 2029, channeling funds into data center expansion and artificial intelligence infrastructure to meet the countrys growing demand for data...

Australia's Social Media Ban for Under-16s Sparks Global Movement

Australias landmark social media ban for users under 16, which took effect in December, is reshaping digital policy conversations worldwide. Countries including Spain and Malaysia have signaled interest in adopting similar...

SpaceX Eyes Historic IPO at $1.75 Trillion Valuation

Elon Musks aerospace giant SpaceX has quietly filed a confidential IPO registration with the U.S. Securities and Exchange Commission, according to Bloomberg News sources familiar with the matter. The move signals that the...

Digital Currency