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FxWirePro: South African rand trades almost flat ahead of repo rate decision

Jan 17, 2019 06:58 am UTC| Technicals

USD/ZAR is currently trading around 13.71 levels. It made intraday high at 13.73 and low at 13.65 levels. Intraday bias remains neutral for the moment. A daily close above 13.68 will take the parity...

FxWirePro: AUD/USD bearish trading and hedging setup on streaks of luring technical indications

Jan 17, 2019 06:44 am UTC| Technicals

The summary of the write-up in one statement: In a nutshell, the double top pattern of this pair looks more superior than hammer formation, bears slide back in the sloping channel on hanging and spinning top Trade one...

FxWirePro: USD/CNY consolidates around 6.77 mark, PBOC sets yuan mid-point at 6.7592

Jan 17, 2019 06:25 am UTC| Technicals

USD/CNY is currently trading around 6.7650 marks. It made intraday high at 6.7675 and low at 6.7445 levels. Intraday bias remains bullish for the moment. A sustained close above 6.7667 marks will test key...

FxWirePro: EUR/GBP consolidates break below 200-DMA, bias lower

Jan 17, 2019 06:24 am UTC| Technicals

EUR/GBP chart on Trading View used for analysis EUR/GBP consolidates break below 200-DMA, intraday bias bearish. Technical studies are bearish, RSI and Stochs are sharply lower. MACD also supports weakness....

FxWirePro: Gold trades flat,further bullishness only above $1300

Jan 17, 2019 06:10 am UTC| Technicals

Gold is trading in narrow range between $1298 and $1276 for past 10 days. The yellow metal recovered nearly $75in the month of Dec on account of dovish Fed and broad based US dollar weakness.It is currently trading around...

FxWirePro: NZD/USD fails to hold break above 200-DMA, stay short on break below 20-DMA (0.6746)

Jan 17, 2019 05:18 am UTC| Technicals

NZD/USD chart on Trading View used for analysis NZD/USD has failed to hold break above 200-DMA, slips lower to currently trade at 0.6744. Antipodeans hit by the latest report that the US-China trade talks could...

FxWirePro: USD/INR back above 71.00 mark, bias remains bullish

Jan 17, 2019 05:06 am UTC| Technicals

USD/INR is currently trading around 71.27 marks. It made intraday high at 71.28 and low at 70.97 marks. Intraday bias remains slightly bullish for the moment. Key resistances are seen at 71.27, 71.48 and...

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Economy

Iran's Stranglehold on the Strait of Hormuz: What It Means for Global Markets

U.S. intelligence assessments now confirm that Iran has no intention of loosening its grip on the Strait of Hormuz anytime soon. Tehran views control over this critical oil corridor as its most powerful bargaining chip...

Vietnam GDP Growth Slows in Q1 2026 Amid Middle East Oil Crisis

Vietnams economy posted solid but slower growth in the first quarter of 2026, with GDP expanding 7.83% year-on-year, down from 8.46% in the previous quarter, according to the National Statistics Office. While the figure...

March 2025 Jobs Report: Strong Headline Numbers Hide Deeper Economic Concerns

The U.S. labor market showed resilience in March 2025, with employment growth rebounding sharply after a sluggish February and the unemployment rate dipping unexpectedly to 4.3%. However, beneath the encouraging surface,...

UAE's Largest Natural Gas Facility Suspended After Attack-Triggered Fire

Abu Dhabi authorities have temporarily halted operations at Habshan, the United Arab Emirates largest natural gas processing facility, following a devastating attack that triggered a major fire at the site. The incident...

Trump's FY2027 Budget: Major Defense Boost and Domestic Spending Cuts

President Donald Trump has unveiled a bold federal budget proposal for fiscal year 2027, signaling a dramatic realignment of national spending priorities. The plan centers on a significant expansion of military funding...

Politics

China's Anti-Corruption Purge Reaches New Heights as Politburo Shrinks to 25-Year Low

Chinese President Xi Jinpings sweeping anti-corruption campaign has claimed another senior casualty, with former Xinjiang party secretary Ma Xingrui now under formal investigation for alleged serious violations of party...

U.S. F-15E Shot Down Over Iran: One Crew Member Recovered Amid Escalating Conflict

A United States F-15E Strike Eagle fighter jet has been shot down over Iranian territory, marking the first confirmed incident of its kind since the start of the nearly five-week conflict between the U.S., Israel, and...

U.S.-Iran War Escalates: Downed Fighter Jet, Stalled Ceasefire Talks, and Ground Invasion Fears

Tensions between the United States and Iran have reached a dangerous new peak following the downing of a U.S. F-15E fighter jet over Iranian territory the first time Tehran has shot down an American aircraft since the...

Judge Blocks DOJ Subpoenas in Federal Reserve Investigation, Delaying Powell Succession

A federal judge in Washington, D.C. has once again ruled against the Justice Departments efforts to revive a criminal investigation targeting Federal Reserve Chair Jerome Powell, dealing another significant blow to what...

Congo in Talks With Trump Administration to Accept Third-Country Deportees

The Democratic Republic of Congo is reportedly in discussions with the Trump administration about accepting deportees from third countries individuals who are not Congolese nationals but were living in the United States...

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

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...

Australia's Social Media Ban for Under-16s Sparks Global Movement

Australias landmark social media ban for users under 16, which took effect in December, is reshaping digital policy conversations worldwide. Countries including Spain and Malaysia have signaled interest in adopting similar...