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FxWirePro: Shooting star snaps USD/TRY rallies at channel resistance – Uphold short hedge as bulls restrained below 21-EMAs

Nov 12, 2018 13:57 pm UTC| Technicals Insights & Views

Technically,USDTRYcurrent price on daily terms, has been sliding below 21-DMAs through sloping channel. For now, the failure swings are observed exactly at the channel resistance, most likely back-to-back shooting stars...

FxWirePro: BCH/USD bears drag below 7-DMAs ahead of hard-fork, stochastic signals stable consolidation phase

Nov 12, 2018 12:44 pm UTC| Research & Analysis Technicals Insights & Views

Although bitcoin cash (BCHUSD) has attempted to take-off rallies above DMAs on hammer formation, bulls seemed to have exhausted at the stiff resistance levels of $660 levels. Now, bears are attempting to counter on the...

FxWirePro: S&P500 faces strong support at 200- day MA, good to sell on rallies

Nov 12, 2018 11:45 am UTC| Technicals

Short term trend Slightly bearish Major resistance 2820 Chart pattern- Double top SP500 has declined almost more than 50 points after forming a double top around 2820.The index hits a low of 2763 and shown a minor...

FxWirePro: GBP/CHF hovers around 20-DMA, good to go short on decisive break below

Nov 12, 2018 11:05 am UTC| Technicals Research & Analysis

GBP/CHF chart on Trading View used for analysis GBP/CHF is extending bearish gap open, trades 0.57% lower on the day at 1.2966 at the time of writing. The British pound under pressure on Brexit uncertainty. EU...

FxWirePro: USD/CHF hits fresh 4-month high and breaks major resistance at 1.0100, jump till 1.0340 likely

Nov 12, 2018 10:26 am UTC| Technicals

USDCHF has shown a huge recovery of more than 50 pips for the day from low of 1.00480. The main reason for the jump is broad-based dollar buying after hawkish Fed monetary policy and slightly easing geo political issues....

FxWirePro: EUR/USD hits 17 month low on broad based US dollar buying, good to sell on rallies

Nov 12, 2018 09:33 am UTC| Technicals

EURUSD has broken major support of 1.1300 after a long consolidation. The pair hits intraday low of 1.12400 for the day. The major reason for the slump in Euro was policy divergence between US Fed and ECB , Italian budget...

FxWirePro: EUR/JPY breaks below 20-DMA, on track to test 61.8% Fib at 127.87, stay short

Nov 12, 2018 08:43 am UTC| Technicals Research & Analysis

EUR/JPY chart on Trading View used for analysis The selling pressure around the single currency picking up pace, EUR/JPY down 0.48% on the day. The pair is extending the negative stance at the beginning of the...

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Economy

India's Central Bank Holds Rates Amid Iran War Energy Shock

Indias Reserve Bank of India (RBI) is widely expected to maintain its benchmark repo rate at 5.25% this Wednesday, as policymakers carefully monitor the economic ripple effects of the ongoing Iran war. The conflict has...

Oil Crisis Escalates: Trump Threatens Iran as Strait of Hormuz Closure Pushes Prices Above $110

Oil prices briefly surged past $110 per barrel on Monday after President Donald Trump escalated military and diplomatic pressure on Iran, demanding the reopening of the Strait of Hormuz by Tuesday evening or face strikes...

Asian Currencies Waver as Dollar Holds Firm Amid Middle East Tensions

Asian currencies struggled to find clear direction on Monday as the US dollar remained resilient, with investors carefully weighing escalating geopolitical risks in the Middle East against emerging ceasefire diplomacy. The...

Bank of Japan Warns of Regional Economic Risks Amid Middle East Conflict and Rising Oil Prices

The Bank of Japan has raised concerns about the potential deterioration of regional economies, citing escalating oil prices and supply chain disruptions linked to ongoing conflict in the Middle East. In its latest...

India's Services Sector Growth Slows to 14-Month Low in March Amid Rising Costs

Indias services sector expanded at its slowest pace in 14 months during March, as the ongoing Middle East conflict weighed on domestic demand and cost pressures intensified sharply, according to the latest HSBC India...

Politics

Indonesia Files Genocide Case Against Myanmar's Min Aung Hlaing Over Rohingya Crisis

A coalition of civil society organizations filed a landmark criminal complaint in Indonesia on Monday against Myanmars newly elected President Min Aung Hlaing, accusing him of committing genocide against the Rohingya...

Ukrainian Drone Strikes Hit Novorossiysk, Injuring Eight and Cutting Power Across Russia

At least eight people, including two children, were injured Monday after Ukrainian drones struck Novorossiysk, a major Russian Black Sea port city. Local authorities confirmed that several residential buildings sustained...

Trump Endorses Steve Hilton for California Governor

Donald Trump has thrown his full support behind Steve Hilton, a Fox News host and former British government official, in Californias upcoming gubernatorial race. Announcing his endorsement on Truth Social, Trump expressed...

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...

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...