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FxWirePro: Buy S&P500 on dips

Nov 28, 2018 11:20 am UTC| Technicals

SP500 has jumped more than 30 points yesterday on slightly easing trade tension between US and China. The index hits high of 2687 and has closed above 10- day MA (2675). SP500 has formed temporary top around 2818 and lost...

FxWirePro: NZD/CAD bounces off 200-DMA support, stay long above 0.9080

Nov 28, 2018 10:37 am UTC| Technicals Research & Analysis

NZD/CAD chart on Trading View used for analysis NZD/CAD has bounced off strong support at 200-DMA. The pair is now extending gains for the 3rd straight session. Upside finds stiff resistance at 200W SMA at...

FxWirePro: USD/CHF struggles to close above 1.000 level, good to buy on dips

Nov 28, 2018 10:24 am UTC| Technicals

Ichimoku Analysis (Daily Chart) Tenken-Sen- 0.9998 Kijun-Sen- 1.0019 USDCHF was trading higher and jumped nearly 90 pips from the low of 0.99088. The pair hits high of 1.00033 and is currently trading...

FxWirePro: Loonie hits 5-month high and holds above 1.3300 level, jump till 1.3385 likely

Nov 28, 2018 09:58 am UTC| Technicals

USDCAD has recovered sharply more than 100 pips yesterday and broken major resistance 1.33179 high made on Nov 20th2018. The pair was trading higher for past four trading session on account of lower crude oil prices and US...

FxWirePro: WTI above 5-DMA, extends gradual grind higher amid caution ahead of OPEC meeting next week

Nov 28, 2018 08:59 am UTC| Technicals Research & Analysis

US oil chart on Trading View used for analysis US oil is trading in a narrow range, edges above 5-DMA at 51.96. Caution seen in the commodity markets ahead of an OPEC meeting next week. Members are expected...

FxWirePro: EURUSD trades lower on escalating trade tension, good to sell on rallies

Nov 28, 2018 08:29 am UTC| Technicals

EURUSD is trading lower for 3rdconsecutive day. The pair has lost more than 100 pips from high of 1.13837 made on Nov 26th2018. The strength in USD was mainly due to US and China trade tensions US President Trump and...

FxWirePro: Silver fails to break key support at $14.07 mark, stay bullish only above $14.16 mark

Nov 28, 2018 07:58 am UTC| Technicals

XAG/USD is currently trading around $14.13 marks. It made intraday high at $14.16 and low at $14.09 levels. Intraday bias remains neutral for the moment. A daily close above $14.12 will test key resistances...

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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

The Federal Reserves latest policy signals suggest that interest rates are now close to neutral, raising the bar for additional rate cuts in 2025 and beyond. This shift implies restraint rather than rescue from the central...

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

U.S. stocks closed sharply lower on Friday as a selloff in technology shares, led by semiconductor companies, weighed heavily on broader markets and dampened enthusiasm around the artificial intelligence trade. The...

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

Federal Reserve Bank of San Francisco President Mary Daly said she supported cutting interest rates at this weeks Federal Open Market Committee (FOMC) meeting, highlighting the central banks effort to carefully balance...

Politics

Hong Kong Democratic Party Disbands After Member Vote Amid Security Crackdown

Hong Kongs last major opposition party, the Democratic Party, has voted to disband, marking a significant moment in the citys political history and underscoring the impact of Chinas national security crackdown on liberal...

Ukraine’s NATO Concession Unlikely to Shift Peace Talks, Experts Say

Ukraines recent offer to abandon its long-standing ambition to join NATO is unlikely to have a major impact on ongoing peace talks with Russia, according to several foreign policy and security experts. During discussions...

Thousands Protest in Brazil Against Efforts to Reduce Jair Bolsonaro’s Prison Sentence

Thousands of Brazilians took to the streets on Sunday in major cities to protest a controversial legislative effort aimed at reducing the prison sentence of former President Jair Bolsonaro and his supporters for plotting...

Zelenskiy Signals Willingness to Drop NATO Bid as Ukraine, U.S. Hold Crucial Peace Talks in Berlin

Ukrainian President Volodymyr Zelenskiy has indicated a major shift in Ukraines long-standing foreign policy by offering to drop the countrys aspirations to join NATO, as part of renewed efforts to end the war with Russia....

Belarus Frees Opposition Leaders Maria Kalesnikava and Viktar Babaryka in U.S.-Brokered Deal

Two of Belaruss most prominent opposition figures, Maria Kalesnikava and Viktar Babaryka, have spoken publicly after being released from prison following a deal brokered by the United States, saying they have no regrets...

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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