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FxWirePro: GBP/USD hits 1-week low on Brexit uncertainty, good to sell on rallies

Nov 27, 2018 12:38 pm UTC| Technicals

GBPUSD was trading weak for the past 12 days on account of Brexit uncertainty, and trade tensions between US and China. EU officials has approved the Brexit deal at the special EU summit. But uncertainty whether it will...

FxWirePro: NZD/JPY Near-term Outlook

Nov 27, 2018 12:25 pm UTC| Technicals Research & Analysis

NZD/JPY chart on Trading View used for analysis NZD/JPY is attempting breakout of sloping channel pattern. The pair has been extending choppy trade at 110-W EMA resistance. We are seeing a grind along...

FxWirePro: Copper edges lower for 3rd straight session, eyes major trendline support at 2.68

Nov 27, 2018 11:54 am UTC| Technicals Research & Analysis

Copper chart on Trading View used for analysis Copper edges lower for 3rd straight session, trades 0.74% lower on the day at 2.723 at the time of writing. Base metals under pressure from lingering concerns over...

FxWirePro: USD/CHF Trade Idea

Nov 27, 2018 11:30 am UTC| Technicals

Ichimoku Analysis (Hourly chart) Tenken-Sen- 0.9983 Kijun-Sen- 0.9974 USDCHF was trading higher for past five trading day and jumped nearly 100 pips from low of 0.99088 level. The pair hits high of...

FxWirePro: Buy CHF/JPY on dips

Nov 27, 2018 11:05 am UTC| Technicals

CHFJPY has shown a good recovery of more than 70 pips and hits high of 113.80. The pair has formed almost a triple top (113.85,113.86 and 113.80) and is currently trading around 113.67. The near term resistance is...

FxWirePro: EUR/NZD capped at 5W SMA, momentum studies bearish

Nov 27, 2018 10:01 am UTC| Technicals Research & Analysis

EUR/NZD chart on Trading View used for analysis EUR/NZD edges lower from session highs at 1.6773, trades 0.28% lower on the day at 1.6684 at the time of writing. The pair has likely resumed weakness after brief...

FxWirePro: S&P500 breaks minor resistance at 2680 (10- day MA), jump till 2715 likely

Nov 27, 2018 09:45 am UTC| Technicals

SP500 is trading higher for second consecutive day and jumped more than 50 points from the low of 2626. The index has lost more than 100 points in previous week after hitting high of 2747. It is currently trading around...

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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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