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FxWirePro: USD/ZAR moves in stiff boundaries, South Africa’s current account data in focus

Sep 06, 2019 08:02 am UTC| Technicals

USD/ZAR is currently trading around 14.80 levels. It made intraday high at 14.89 and low at 14.77 levels. Intraday bias remains bearish till the time pair holds key resistance at 14.94 mark. A daily close...

Crypto Technicals: Monero (XMR) breaks above 200-DMA, bias turning bullish

Sep 06, 2019 07:16 am UTC| Digital Currency Technicals

XMR/USD chart - Trading View Exchange - Kraken Support: 75.93 (200-DMA); Resistance: 82.75 (trendline) Technical Analysis: Bias Bullish XMR/USD has shown a break above 200-DMA after many days of consolidation...

Gold declines sharply on trade optimism, markets eye US NFP data

Sep 06, 2019 06:44 am UTC| Technicals

Gold declined sharply and lost more than $45 on US-China trade optimism and a slight recovery in US bond yield. The US 10 year bond yield has shown a nice recovery of more than 7% from yesterday close 1.472% and recovered...

FxWirePro: Indian rupee strengthens against U.S. dollar, stay bearish

Sep 06, 2019 05:42 am UTC| Technicals

USD/INR is currently trading around 71.70 marks. It made intraday high at 71.92 and low at 71.61 marks. Intraday bias remains bearish till the time pair holds key resistance at 71.97 mark. Key resistances...

FxWirePro: CAD/JPY downtrend develops sloping channel in minor trend, head and shoulder pattern in major trend

Sep 06, 2019 05:16 am UTC| Technicals

CADJPYhas been sliding through thesloping channel (refer daily channel). Bulls have tested channel support and formed bullish engulfing patterns, consequently, bounced back above 7 21-DMAs with bullish crossovers in the...

FxWirePro: USD/TWD stabilizes below 31.40 mark, Taiwan’s CPI data in focus

Sep 06, 2019 04:37 am UTC| Technicals

USD/TWD is currently trading around 31.23 marks. It made intraday high at 31.28 and low at 31.19 marks. Intraday bias remains neutral till the time pair holds key support at 31.17 mark. A daily close above...

FxWirePro: Nikkei trades higher as yen weakens, good to buy on dips 

Sep 06, 2019 04:29 am UTC| Technicals

Nikkei is trading higher and jumped more than 500 points yesterday on US-China trade deal optimism and weak yen. The US 10 year bond yield has shown a nice recovery of more than 7% from yesterday close 1.472%d recovered...

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Economy

Citigroup Delays Fed Rate Cut Forecast Amid Strong Jobs Data and Inflation Concerns

Citigroup has revised its Federal Reserve rate cut timeline, pushing back expectations following stronger-than-anticipated U.S. job growth and lingering inflation pressures. The Wall Street giant now anticipates 75 basis...

Gold Prices Slip in Asia as Iran Strait Deadline Looms

Gold prices retreated in Asian trading on Monday following a strong weekly performance, with investors closely watching escalating tensions between the United States and Iran over control of the Strait of Hormuz. Spot gold...

Strait of Hormuz Crisis Fuels Oil Surge as Asian Markets Brace for Impact

Asian markets opened with a cautious tone Monday as geopolitical tensions in the Middle East continued shaking investor confidence. U.S. President Donald Trumps stern warning to Iran threatening devastating military...

Dollar Holds Steady as Yen Nears Critical 160 Level Amid Iran War Escalation

Global currency markets opened cautiously on Monday as the U.S. dollar maintained its footing while the Japanese yen hovered dangerously close to the psychologically significant 160-per-dollar threshold. Thin trading...

Morgan Stanley: Fed Rate Cuts Still on Track Despite Oil-Driven Inflation

Morgan Stanley believes the Federal Reserve will push forward with interest rate cuts in 2026, even as rising oil prices temporarily inflate headline inflation figures. According to the banks analysts, the current...

Politics

Iran-US Ceasefire Talks: Pakistan Brokers "Islamabad Accord" to Reopen Strait of Hormuz

Pakistan is playing a central role in high-stakes diplomatic efforts to end hostilities between Iran and the United States, with a proposed peace framework now on the table that could reopen the critical Strait of Hormuz...

Kim Jong Un's Daughter Emerges as North Korea's Likely Successor, South Korean Intelligence Says

South Koreas National Intelligence Service (NIS) has concluded that Kim Jong Uns teenage daughter, believed to be around 13 years old and named Ju Ae, is being actively positioned as the next leader of North Korea. Unlike...

North Korea Tests Advanced Solid-Fuel ICBM Engine With Carbon Fiber Technology

South Korean lawmakers revealed Monday that North Koreas latest solid-fuel rocket engine test represents a major leap forward in the countrys intercontinental ballistic missile (ICBM) program. The development raises...

Taiwan Opposition Leader's China Visit: A Peace Mission Amid Rising Tensions

Taiwans Kuomintang (KMT) chairwoman Cheng Li-wun is heading to China on Tuesday in a landmark visit the first by a KMT leader in over a decade. She describes the trip as a peace mission, with a potential meeting with...

U.S. and Iran Edge Toward Potential 45-Day Ceasefire Amid Escalating Tensions

Diplomatic efforts between the United States and Iran are gaining momentum, with mediators from Pakistan, Egypt, and Turkey joining negotiations aimed at brokering a potential 45-day ceasefire, according to a report by...

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

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...

Technology

Britain Courts Anthropic Amid US Defense Department Dispute

The United Kingdom is actively working to attract Anthropic, the company behind the popular Claude AI app, to expand its footprint in the country. This diplomatic push comes as Anthropic finds itself in the middle of a...

OpenAI Executive Shake-Up Ahead of Anticipated 2026 IPO

OpenAI is navigating a significant leadership restructuring at one of the most pivotal moments in its history. The AI powerhouse confirmed that Chief Operating Officer Brad Lightcap is transitioning into a newly created...

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...
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