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FxWirePro: USDCHF Daily Outlook

Aug 26, 2019 10:11 am UTC| Technicals

USDCHF declined sharply on Friday more than 150 pips from a high of 0.98772 on US-China trade war escalation. US President tweeted that existing 25% tariffs will be increased to 30% on $250 billion from Oct 1 and tariffs...

FxWirePro: Gold Weekly Outlook

Aug 26, 2019 09:53 am UTC| Technicals

Gold continues to trade higher for the past 4 weeks and hits 6- year high on account of US-China trade war escalation and declining bond yield. China has imposed tariffs of 5-10% on US goods worth $75 billion.US President...

FxWirePro: Silver rises remarkably, good to go long on dips

Aug 26, 2019 08:48 am UTC| Technicals

XAG/USD is currently trading around $17.53 marks. It made intraday high at $17.75 and low at $17.38 levels. Intraday bias remains bullish for the moment. A daily close above $17.40 will test key resistances...

FxWirePro: USD/ZAR remains volatile, sustained close above 15.46 requires for upside rally

Aug 26, 2019 08:15 am UTC| Technicals

USD/ZAR is currently trading around 15.31 levels. It made intraday high at 15.44 and low at 15.21 levels. Intraday bias remains neutral till the time pair holds key support at 15.11 marks. A daily close...

Currency market weekly Outlook:

Aug 26, 2019 07:37 am UTC| Technicals

Previous Week US dollar has lost more than 1% after the Jackson Hole symposium. US Fed chairman has kept the door open for a future rate cut but warned there will be a slowdown in the US economy due to the US-China...

FxWirePro: Chinese yuan depreciates drastically against U.S. dollar, hits lowest level since Feb 2008

Aug 26, 2019 06:40 am UTC| Technicals

USD/CNY is currently trading around 7.1460 marks. It made intraday high at 7.1477 and low at 7.0927 levels. Intraday bias remains bullish for the moment. A sustained close above 7.0927 marks will test key...

FxWirePro: CAD/JPY minor trend slides through slopping channel, major downtrend intensifies on head and shoulder pattern

Aug 26, 2019 06:31 am UTC| Technicals

CADJPYhas been sliding through thesloping channel (refer daily channel). Hanging man, Shooting star, and bearish engulfing patterns have occurred in the minor trend of this pair. The flurry of such bearish patterns...

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Economy

U.S.-Iran Ceasefire: Fragile Truce Raises Hopes for Strait of Hormuz Peace Deal

A temporary ceasefire between the United States, Iran, and Israel is holding but just barely. U.S. Vice President JD Vance described the two-week truce as fragile on Wednesday, warning that Iran appeared to be...

Gold Surges Near 3-Week High as Trump-Iran Ceasefire Eases Geopolitical Tensions

Gold prices climbed sharply on Wednesday, nearing a three-week high after President Donald Trump announced a temporary ceasefire with Iran, easing geopolitical tensions that had been gripping global markets. Spot gold...

Oil Prices Crash Nearly 15% After Trump-Iran Ceasefire Deal

Global oil markets experienced a dramatic selloff on Wednesday after U.S. President Donald Trump announced a two-week ceasefire agreement with Iran, easing fears of a major disruption to Middle East energy supplies. Brent...

U.S. Stock Futures Surge as Trump Announces Iran Ceasefire, Oil Prices Plunge

U.S. stock index futures posted sharp gains Wednesday after President Donald Trump announced a temporary ceasefire agreement with Iran, lifting market sentiment and triggering a dramatic drop in oil prices. The development...

U.S.-China Trade Talks: Trump and Xi Set for Summit Amid Rare Earths Focus

The United States and China are maintaining a stable trade relationship, and President Donald Trump intends to preserve that balance in an upcoming summit with Chinese President Xi Jinping, according to U.S. Trade...

Politics

Trump Meets NATO Chief Rutte Amid Alliance Tensions Over Iran War

President Donald Trump welcomed NATO Secretary General Mark Rutte to the White House on Wednesday for high-stakes talks as the ongoing conflict with Iran continues to strain transatlantic relations. The meeting comes at a...

UK PM Keir Starmer Heads to Middle East Amid Ceasefire Agreement

British Prime Minister Keir Starmer is traveling to the Middle East for high-level diplomatic meetings with regional allies, following a landmark ceasefire agreement reached overnight. The visit marks a significant moment...

Trump Credits China for Brokering Iran-Israel-U.S. Ceasefire

U.S. President Donald Trump stated on Thursday that he believes China played a pivotal role in persuading Iran to agree to a ceasefire in its ongoing conflict with Israel and the United States. The statement, made to AFP,...

Xi Jinping Pushes Demand-Driven Strategy to Modernize China's Service Sector

Chinas President Xi Jinping has outlined a bold strategy to transform the countrys service industry, calling for a demand-led approach supported by structural reform and technological innovation. The directive was reported...

Trump Announces U.S. Military Presence in Strait of Hormuz Following Iran Ceasefire Deal

President Donald Trump announced Wednesday that the United States will actively support the flow of maritime traffic through the Strait of Hormuz, one of the worlds most strategically critical waterways. Speaking publicly,...

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

U.S. Disrupts Russian Military Hackers' Global DNS Hijacking Network

The U.S. Justice Department has successfully executed a court-authorized operation to dismantle a DNS hijacking network tied to Russian military intelligence. The network was run by GRU Military Unit 26165, a cyber unit...

Samsung Electronics Posts Eightfold Profit Surge Driven by AI Chip Demand

Samsung Electronics delivered a stunning financial turnaround in the first quarter of 2025, projecting operating profit of approximately 57.2 trillion won (roughly $38 billion) a more than eightfold increase compared to...

China's Push to Steal Taiwan's Chip Technology and Talent Raises Security Alarms

Taiwans National Security Bureau has raised serious concerns about Beijings escalating efforts to infiltrate the islands world-class semiconductor industry. According to a report submitted to Taiwanese lawmakers, China is...

Apple's Foldable iPhone Faces Engineering Setbacks, Mass Production Timeline at Risk

Apples highly anticipated foldable iPhone is running into significant engineering hurdles during its test phase, raising concerns about potential delays in both mass production and product shipments, according to a report...

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...