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FxWirePro: GBP/USD shows wild swing on continuous Brexit news, good to buy on dips

Nov 15, 2018 08:47 am UTC| Technicals

GBP/USD is trading highly volatile with positive bias. The pair hits high of 1.30717 yesterday and shown a decline of more than 180 pips.The pair hits low of 1.28820 and is currently trading around 1.29883.The PM Theresa...

FxWirePro: South African rand rises gradually against U.S. dollar, good to sell on rallies

Nov 15, 2018 08:01 am UTC| Technicals

USD/ZAR is currently trading around 14.24 levels. It made intraday high at 14.39 and low at 14.20 levels. Intraday bias remains bearish till the time pair holds key resistance at 14.40 mark. A daily close...

FxWirePro: GBP/JPY shows see-saw movement on Brexit deal hope, good to buy on dips

Nov 15, 2018 07:34 am UTC| Technicals

GBP/JPY was trading highly volatile yesterday on Brexit headlines kept coming. GBPUSD has shown 150 pips movement both on higher and lower side. GBP recovered sharply after hitting low of 146.32 level. The cabinet has...

Retail giant 'Target' becomes targeted victim of Bitcoin scam - Bitcoin price tumbles more than 11%

Nov 15, 2018 07:25 am UTC| Research & Analysis Digital Currency Insights & Views Technicals

With Bitcoin scammers on Twitter seem to have worsened the situation, Bitcoin price hits a fresh 1-year lows after tumbling below $5,780 levels. Bearish streaks continued today with more than 11% slumps. The intensity of...

FxWirePro: Chinese yaun rises on the back of higher than expected house price data

Nov 15, 2018 06:53 am UTC| Technicals

USD/CNY is currently trading around 6.9342 marks. It made intraday high at 6.9504 and low at 6.9338 levels. Intraday bias remains bearish for the moment. A sustained close above 6.9499 marks will test key...

FxWirePro: Gold trades well above $1200 on weak dollar and global stock market selling, good to buy on dips

Nov 15, 2018 06:15 am UTC| Technicals

Gold recovered till $1216 almost $20 from low of $1196 on account slight weakness in USD and sell-off in equity market. The major three factors that drive gold prices US dollar Index: weak for intraday.DXYhas...

FxWirePro: USD/INR hits fresh 2-month low at 71.78 mark, consistent close below targets 71.33 mark

Nov 15, 2018 06:05 am UTC| Technicals

USD/INR is currently trading around 71.97 marks. It made intraday high at 72.02 and low at 71.82 marks. Intraday bias remains neutral till the time pair holds key support at 71.78 mark. Key resistances are...

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Economy

Citigroup Delays Fed Rate Cut Forecast Amid Strong Jobs Data and Inflation Concerns

Citigroup has revised its Federal Reserve rate cut timeline, pushing back expectations following stronger-than-anticipated U.S. job growth and lingering inflation pressures. The Wall Street giant now anticipates 75 basis...

Gold Prices Slip in Asia as Iran Strait Deadline Looms

Gold prices retreated in Asian trading on Monday following a strong weekly performance, with investors closely watching escalating tensions between the United States and Iran over control of the Strait of Hormuz. Spot gold...

Strait of Hormuz Crisis Fuels Oil Surge as Asian Markets Brace for Impact

Asian markets opened with a cautious tone Monday as geopolitical tensions in the Middle East continued shaking investor confidence. U.S. President Donald Trumps stern warning to Iran threatening devastating military...

Dollar Holds Steady as Yen Nears Critical 160 Level Amid Iran War Escalation

Global currency markets opened cautiously on Monday as the U.S. dollar maintained its footing while the Japanese yen hovered dangerously close to the psychologically significant 160-per-dollar threshold. Thin trading...

Morgan Stanley: Fed Rate Cuts Still on Track Despite Oil-Driven Inflation

Morgan Stanley believes the Federal Reserve will push forward with interest rate cuts in 2026, even as rising oil prices temporarily inflate headline inflation figures. According to the banks analysts, the current...

Politics

Iran-US Ceasefire Talks: Pakistan Brokers "Islamabad Accord" to Reopen Strait of Hormuz

Pakistan is playing a central role in high-stakes diplomatic efforts to end hostilities between Iran and the United States, with a proposed peace framework now on the table that could reopen the critical Strait of Hormuz...

Kim Jong Un's Daughter Emerges as North Korea's Likely Successor, South Korean Intelligence Says

South Koreas National Intelligence Service (NIS) has concluded that Kim Jong Uns teenage daughter, believed to be around 13 years old and named Ju Ae, is being actively positioned as the next leader of North Korea. Unlike...

North Korea Tests Advanced Solid-Fuel ICBM Engine With Carbon Fiber Technology

South Korean lawmakers revealed Monday that North Koreas latest solid-fuel rocket engine test represents a major leap forward in the countrys intercontinental ballistic missile (ICBM) program. The development raises...

Taiwan Opposition Leader's China Visit: A Peace Mission Amid Rising Tensions

Taiwans Kuomintang (KMT) chairwoman Cheng Li-wun is heading to China on Tuesday in a landmark visit the first by a KMT leader in over a decade. She describes the trip as a peace mission, with a potential meeting with...

U.S. and Iran Edge Toward Potential 45-Day Ceasefire Amid Escalating Tensions

Diplomatic efforts between the United States and Iran are gaining momentum, with mediators from Pakistan, Egypt, and Turkey joining negotiations aimed at brokering a potential 45-day ceasefire, according to a report by...

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

Britain Courts Anthropic Amid US Defense Department Dispute

The United Kingdom is actively working to attract Anthropic, the company behind the popular Claude AI app, to expand its footprint in the country. This diplomatic push comes as Anthropic finds itself in the middle of a...

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...