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FxWirePro: USD/CAD trades well above 1.3000 on easing crude oil prices , jump till 1.3175 likely

Oct 11, 2018 12:41 pm UTC| Technicals

USD/CAD has jumped more than 150 pips yesterday on account of sudden decline in crude oil prices. The pair hits high of 1.30694 yesterday and shown a minor decline. It is currently around 1.30473. US 10 year bond...

FxWirePro: EUR/CAD minor trend slides in sloping channel and major trend spikes through rising channel – Trade diagonal credit spreads

Oct 11, 2018 12:27 pm UTC| Technicals Insights & Views

EURCADminortrend slides through sloping channel (refer daily chart), where we traced out gap-down in the recent past that nudges prices below DMAs upto channel support. For now, bulls bounce back exactly at that...

FxWirePro: USDCHF Trade Idea

Oct 11, 2018 12:04 pm UTC| Technicals

Candlestick pattern- Doji and Shooting star Major resistance 0.9950 USDCHF was consolidating in narrow range after massive recovery from low of 0.95421. The pair hits high of 0.9955 and shown a minor decline...

FxWirePro: EUR/USD trades higher after Trump’s comment on Fed’s rate hike, good to buy on dips

Oct 11, 2018 11:59 am UTC| Technicals

EURUSD has pared most of its loss made in this week and gained more than 100 pips from the low of 1.14322. The jump was mainly due to comments by Donald Trump on interest rate hike. US 10 year yield has lost more than 3%...

FxWirePro: BTC/EUR on verge of 'Symmetric Triangle' breach, stay short below 5355

Oct 11, 2018 11:53 am UTC| Digital Currency Technicals

BTC/EUR trades 5.30% lower on the day as crypto markets saw bloodbath on Thursdays trade. Major crypto pairs have seen a sharp drop after a prolonged period of sideways trade. Todays drop has likely kick-started...

FxWirePro: EUR/GBP bounces off 78.6% Fib support, break above 5-DMA to see minor upside

Oct 11, 2018 11:28 am UTC| Technicals

EUR/GBP chart on Trading View used for analysis EUR/GBP has bounced off 78.6% Fib support and is trading 0.29% higher in the day at 0.8756 at the time of writing. 5-DMA is immediate resistance on the upside and...

FxWirePro: NZD/CAD Trade Idea

Oct 11, 2018 09:38 am UTC| Technicals

NZD/CAD chart on Trading View used for analysis FxWirePro Currency Strength Index for NZD/CAD: Bias Bullish FxWirePros Hourly NZD Spot Index was at 96.7999 (Bullish) FxWirePros Hourly CAD Spot Index was at -129.028...

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Economy

Oil Prices Climb on Venezuela Blockade, Russia Sanctions Fears, and Supply Risks

Oil prices extended their gains during Asian trading on Thursday as geopolitical tensions involving Venezuela and Russia heightened concerns over global crude supply. Market sentiment was boosted after U.S. President...

Asian Stocks Slide as AI Spending Fears and Global Central Bank Decisions Weigh on Markets

Asian shares fell sharply on Thursday as technology stocks came under renewed pressure, driven by growing investor concerns over heavy artificial intelligence spending and its impact on corporate balance sheets. Market...

Dollar Holds Firm Ahead of Global Central Bank Decisions as Yen, Sterling and Euro React

The U.S. dollar remained steady against major global currencies on Thursday as investors positioned themselves ahead of key central bank decisions in the United Kingdom, Europe and Japan. Currency markets showed cautious...

BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited

The Bank of England is widely expected to cut interest rates on Thursday as signs mount that UK inflation is easing and economic growth is weakening. Financial markets anticipate a 25-basis-point reduction, bringing the...

U.S. Stock Futures Edge Higher as Micron Earnings Boost AI Sentiment Ahead of CPI Data

U.S. stock index futures inched higher on Wednesday evening, supported by blowout earnings and strong guidance from Micron Technology, although broader gains remained limited as investors stayed cautious ahead of key U.S....

Politics

Trump Announces $1,776 Cash Bonus for U.S. Military Personnel Ahead of Christmas

U.S. President Donald Trump announced Wednesday evening that eligible U.S. military personnel will receive a one-time cash payment of $1,776, a move he described as a special warrior dividend timed ahead of Christmas. The...

U.S. House Advances GOP Healthcare Bill as ACA Subsidies Near Expiration

A major U.S. federal healthcare subsidy expanded during the COVID-19 pandemic is set to expire at the end of the year after the House of Representatives narrowly advanced a Republican healthcare bill that does not renew...

U.S. Initiates $11.1 Billion Arms Sale to Taiwan Amid Rising China Tensions

Taiwans defence ministry announced on Thursday that the United States government has formally initiated the congressional notification process for a proposed $11.1 billion arms sale to Taiwan, underscoring Washingtons...

Union-Aligned Investors Question Amazon, Walmart and Alphabet on Trump Immigration Policies

A union-aligned investment group has urged major U.S. corporations including Amazon, Walmart and Google-parent Alphabet to explain how President Donald Trumps immigration policies are affecting their finances, workforce...

Venezuela Seeks UN Security Council Meeting Over U.S. Oil Tanker Blockade

Venezuela has formally requested an urgent meeting of the United Nations Security Council to address what it described as ongoing U.S. aggression against the country, according to a letter seen by Reuters. The request...

Science

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

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...

Technology

Apple Opens iPhone to Alternative App Stores in Japan Under New Competition Law

Apple has announced a major shift in its App Store policies in Japan, opening iPhones and other Apple devices to alternative app stores in order to comply with new competition laws aimed at reshaping the countrys...

Micron Technology Forecasts Surge in Revenue and Earnings on AI-Driven Memory Demand

Micron Technology delivered record first-quarter results and issued a bullish forecast for the current quarter, driven by rising memory prices and strong demand linked to artificial intelligence workloads. The upbeat...

Oracle Stock Slides After Blue Owl Exit Report, Company Says Michigan Data Center Talks Remain on Track

Oracle shares fell more than 4% on Wednesday after a Financial Times report claimed that Blue Owl Capital, Oracles largest U.S. data center partner, decided not to support a planned $10 billion data center project in...

OpenAI Explores Massive Funding Round at $750 Billion Valuation

OpenAI, the company behind the widely used AI chatbot ChatGPT, has reportedly entered preliminary discussions with investors about a potential new funding round that could value the company at approximately $750 billion....

Republicans Raise National Security Concerns Over Intel’s Testing of China-Linked Chipmaking Tools

Republican lawmakers are raising alarms over potential U.S. national security risks after a Reuters report revealed that Intel evaluated advanced chipmaking equipment from ACM Research, a company with significant ties to...