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FxWirePro: Gold trades weak on strong US dollar, good to sell on rallies

Sep 28, 2018 03:55 am UTC| Technicals

Major resistance- $1217 The major three factors that drive gold prices US dollar Index: Slightly bullish. DXYhas recovered sharply from low of 93.95 after fed monetary policy. The index has broken major resistance at...

FxWirePro: Singapore dollar falls gradually against U.S. dollar, stay bullish only above 1.3690

Sep 28, 2018 03:16 am UTC| Technicals

USD/SGD is currently trading around 1.3677 marks. It made intraday high at 1.3686 and low at 1.3670 levels. Intraday bias remains neutral till the time pair holds key resistance at 1.3690 marks. A daily...

FxWirePro: Nikkei hits highest level since 1991, good to buy on dips

Sep 28, 2018 03:11 am UTC| Technicals

Asian marketsis trading higher especially Nikkei jumped more than 1.5% from and hits highest level since 1991. The main reason for rise in Nikkei was due to weakness yen which will support export related sectors. US 10...

FxWirePro: USD/THB consolidates around 32.40 mark, Thailand’s economic data in focus

Sep 28, 2018 02:55 am UTC| Technicals

USD/THB is currently trading around 32.38 marks. It made intraday high at 32.44 and low at 32.37 marks. Intraday bias remains neutral till the time holds key support at 32.32 mark. On the top side, key...

FxWirePro: EUR/KRW hits fresh 3-week low at 1,291 mark, stay bearish

Sep 28, 2018 01:56 am UTC| Technicals

EUR/KRW is currently trading around 1,291 mark. Pair made intraday high at 1,295 and low at 1,291 levels. Intraday bias remains bearish for the moment. A sustained close above 1,294 will take the parity...

FxWirePro: Japanese yen falls against U.S. dollar after mixed economic data, hits lowest level since December 2017

Sep 28, 2018 01:28 am UTC| Technicals

USD/JPY is currently trading around 113.47 marks. It made intraday high at 113.63 and low at 113.33 levels. Intraday bias remains bullish till the time pair holds key support at 112.75 mark. A daily close...

FxWirePro: USD/CAD bullish setup – Trade double-touch calls and long hedge as uptrend resumes at rising channel support

Sep 27, 2018 13:17 pm UTC| Technicals

Technically, Bullish candles with big real body take offUSDCADrallies above DMAs, can it be double bottom pattern on intensified bullish momentum? Yes, the pair forms 1st bottom at 1.2887, 2nd bottom at 1.2884...

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Economy

Oil Prices Steady in Asia but Headed for Weekly Loss on Supply Glut Concerns

Oil prices were mostly steady during Asian trading on Friday, but both major benchmarks were still on track to record a second consecutive weekly decline as persistent concerns over a global supply glut continued to...

New Zealand Business Confidence Hits 30-Year High as Economic Outlook Improves

New Zealands business confidence surged sharply in December, reaching its highest level in three decades, according to the latest ANZ Bank Business Outlook survey released on Friday. The data highlights growing optimism...

BOJ Poised for Historic Rate Hike as Japan Signals Shift Toward Monetary Normalization

The Bank of Japan (BOJ) is widely expected to raise interest rates to a three-decade high, marking another milestone in its gradual exit from ultra-loose monetary policy. At the conclusion of its two-day meeting on Friday,...

Austan Goolsbee Signals Potential for More Fed Rate Cuts as Inflation Shows Improvement

Federal Reserve Bank of Chicago President Austan Goolsbee said Thursday that recent inflation data has been encouraging, raising the possibility of additional interest rate cuts next year if current trends continue....

Japan Inflation Holds Firm in November as BOJ Nears Key Rate Hike Decision

Japans consumer price inflation remained largely steady in November, reinforcing expectations that the Bank of Japan (BOJ) will proceed with a long-anticipated interest rate hike as it seeks to control persistent price...

Politics

Trump Administration Reviews Nvidia H200 Chip Sales to China, Marking Major Shift in U.S. AI Export Policy

The U.S. government under President Donald Trump has launched a formal review that could pave the way for the first-ever shipments of Nvidias H200 artificial intelligence chips to China, according to multiple sources...

Trump Signs Order to Ease Federal Marijuana Rules, Signaling Major Policy Shift

U.S. President Donald Trump has signed an executive order directing federal agencies to loosen regulations on marijuana, a move that could mark one of the most significant changes in U.S. cannabis policy in decades. The...

Fernando Haddad Confirms He Will Not Run for Office in 2025, Signals Possible Exit as Brazil’s Finance Minister

Brazilian Finance Minister Fernando Haddad confirmed on Thursday that he will not run for public office next year, putting an end to months of speculation surrounding his political future. Speaking at a press conference,...

Trump Administration Proposes Sweeping Limits on Gender-Affirming Care for Children

U.S. Secretary of Health and Human Services Robert F. Kennedy Jr. has moved to significantly restrict childrens access to gender-affirming care, marking one of the most far-reaching actions yet by the Trump administration...

Trump Expands U.S. Travel Ban to Antigua and Barbuda, Dominica, Sparking Economic Fears in the Caribbean

Washingtons decision to expand U.S. travel restrictions to include Antigua and Barbuda and Dominica is raising serious concerns across the Caribbean, where access to the United States plays a vital role in tourism,...

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

TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement

TikTok has taken a major step toward securing its future in the United States after its Chinese parent company, ByteDance, announced it has signed binding agreements with three major investors to form a new joint venture...

Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz

Oracle Corporation (NYSE: ORCL) shares surged sharply in extended trading on Thursday, reflecting renewed investor optimism fueled by reports of a potential U.S. TikTok transaction and fresh fundraising discussions...

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...
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