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FxWirePro: EUR/NOK hits fresh 10-month high at 9.8589 mark, stay bullish

Dec 18, 2018 08:34 am UTC| Technicals

EUR/NOK is currently trading at 9.8589 levels. It made intraday high at 9.8589 and low at 9.7998 levels. Intraday bias remains bullish for the moment. A sustained close below 9.8068 will test key supports at...

FxWirePro: USD/ZAR remains well supported below 14.50 mark, short term trend reversal likely

Dec 18, 2018 07:55 am UTC| Technicals

USD/ZAR is currently trading around 14.30 levels. It made intraday high at 14.40 and low at 14.30 levels. Intraday bias remains slightly bearish for the moment. A daily close above 14.39 will take the...

FxWirePro: USD/CHF trades lower as flight-to -safety increases Swiss franc demand, good to buy on dips

Dec 18, 2018 07:05 am UTC| Technicals

USDCHF has declined more than 50 pips from yesterdays high of 0.9989. Swiss franc was trading higher against all majors on increasing safe demand. The global sell-off and Brexit uncertainty has increased demand for safe...

FxWirePro: Tug of war between USD/JPY hammer and hanging man, can bulls hold onto channel support?

Dec 18, 2018 07:02 am UTC| Technicals

A Glance at Technical Analysis: USDJPYminor trend has been spiking through rising channel, more slumps likely as both leading oscillators indicate overbought pressures and the current price has slid below DMAs. Bulls...

FxWirePro: USD/CNY trades in narrow range, PBOC sets yuan mid-point at 6.8854

Dec 18, 2018 06:59 am UTC| Technicals

USD/CNY is currently trading around 6.8984 marks. It made intraday high at 6.8985 and low at 6.8879 levels. Intraday bias remains neutral for the moment. A sustained close above 6.8961 marks will test key...

FxWirePro: GBP/JPY upside capped by 20 day MA, good to sell on rallies

Dec 18, 2018 06:30 am UTC| Technicals

GBPJPY is trading lower for third consecutive day and has lost more than 180 pips in this week.The decline was mainly due to huge sell-off in US markets has increased demand for safe haven asset such as god, yen etc. But...

FxWirePro: EUR/JPY breaks major trendline support at 127.90, scope for test of 78.6% Fib

Dec 18, 2018 06:22 am UTC| Technicals Research & Analysis

EUR/JPY chart on Trading View used for analysis EUR/JPY is extending weakness for the 3rd straight session, trades 0.22% lower at 127.74. The Japanese yen remains bid amidst risk-off in markets, ignores downward...

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Economy

Russia Stocks End Flat as Energy and Retail Shares Show Mixed Performance

Russian stocks closed mixed after Saturdays trading session on the Moscow Exchange, with the benchmark MOEX Russia Index finishing unchanged at 0.00%. Despite the flat headline performance, individual stocks showed varied...

Global Markets Slide as Tech Stocks Sink, Yields Rise, and AI Concerns Deepen

Global financial markets ended Friday on a weaker note as major stock indexes declined, led by a sharp selloff in technology shares amid renewed skepticism over artificial intelligence investments. Rising U.S. Treasury...

Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026

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S&P 500 Slides as AI Chip Stocks Tumble, Cooling Tech Rally

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Fed Rate Cut Signals Balance Between Inflation and Jobs, Says Mary Daly

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Politics

Judge Orders Return of Seized Evidence in Comey-Related Case, DOJ May Seek New Warrant

A federal judge has ruled that prosecutors must return evidence seized from a key figure connected to the now-dismissed criminal case against former FBI Director James Comey, while allowing the U.S. Department of Justice...

Russian Drone Attack Hits Turkish Cargo Ship Carrying Sunflower Oil to Egypt, Ukraine Says

Ukraines navy has accused Russia of deliberately targeting a civilian Turkish cargo vessel with a drone attack in the Black Sea, escalating concerns over maritime security and the safety of international shipping routes....

U.S. Soldiers Killed in ISIS Attack in Palmyra, Syria During Counterterrorism Mission

Two U.S. Army soldiers and a civilian interpreter were killed on Saturday during an Islamic State (ISIS) attack in Palmyra, Syria, according to an official statement from the Pentagon. The attack occurred while U.S. forces...

International Outcry Grows Over Re-Arrest of Nobel Laureate Narges Mohammadi in Iran

International human rights organizations have strongly condemned the re-arrest of Iranian Nobel Peace Prize laureate Narges Mohammadi, sparking renewed global concern over freedom of expression and human rights in Iran....

Belarus Pledges to Halt Smuggling Balloons Into Lithuania

Belarusian President Alexander Lukashenko has pledged to take action to stop weather balloons used by cigarette smugglers from crossing into Lithuania, according to comments made by U.S. President Donald Trumps envoy, John...

Science

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...

Trump and Merck KGaA Partner to Slash IVF Drug Costs and Expand Fertility Coverage

U.S. President Donald Trump and German pharmaceutical company Merck KGaA have announced a groundbreaking deal aimed at lowering the cost of in-vitro fertilization (IVF) treatments while boosting access to fertility care in...

Technology

SpaceX Insider Share Sale Values Company Near $800 Billion Amid IPO Speculation

SpaceX, the aerospace company founded by Elon Musk, has reportedly authorized an insider share sale that places its valuation at approximately $800 billion, according to a Bloomberg News report published Friday. The move...

Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand

Mizuho Securities has raised its price target on Broadcom Inc. (NASDAQ: AVGO), highlighting accelerating momentum in the companys artificial intelligence business and a rapidly expanding long-term backlog. The brokerage...

Trello Outage Disrupts Users as Access Issues Hit Atlassian’s Work Management Platform

Atlassian Corps popular work management software Trello experienced a service disruption on Friday, leaving a number of users unable to access the platform. The outage was flagged by internet monitoring service...

Intel’s Testing of China-Linked Chipmaking Tools Raises U.S. National Security Concerns

Intel has tested advanced chipmaking equipment this year from ACM Research, a semiconductor toolmaker with deep operational ties to China, according to sources familiar with the matter. The move has drawn scrutiny because...

Moore Threads Stock Slides After Risk Warning Despite 600% Surge Since IPO

Moore Threads Technology Co Ltd (SS:688795), a Chinese graphics chipmaker often described as Chinas potential rival to NVIDIA Corporation (NASDAQ:NVDA), saw its share price fall sharply on Friday after the company issued a...
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