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FxWirePro: Chinese yuan trades marginally higher after trade balance data, PBOC sets yuan mid-point at 6.8313

Aug 08, 2018 07:01 am UTC| Technicals

USD/CNY is currently trading around 6.8204 marks. It made intraday high at 6.8310 and low at 6.7997 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at 6.8310 mark. A...

FxWirePro: EUR/CHF retraces into daily cloud, eyes 50-DMA at 1.1580

Aug 08, 2018 06:56 am UTC| Technicals

EUR/CHF struggles to extend weakness below 61.8% Fib, edges higher for the 3rd straight session. The pair has managed to break stiff resistance at nearly converged 5-DMA and daily cloud. Technical indicators on...

Digital Currency Revolution

FxWirePro: BTC/USD finds support near cloud bottom, bias bearish, stay short

Aug 08, 2018 06:32 am UTC| Digital Currency Technicals

(Refer BTC/USD chart on Trading View) BTC/USD crashed to near 6400 levels as the U.S. Securities and Exchange Commission (SEC) postponed its decision on the VanEck-SolidX bitcoin exchange-traded fund (ETF). The pair...

FxWirePro: Gold Daily Outlook

Aug 08, 2018 06:28 am UTC| Technicals

Overall trend - bearish Gold is consolidating in narrow range between $1204.52 and $1219.78 for past three three trading session. US dollar index hits 2 week high and declined slightly more than 50 pips on profit...

FxWirePro: USD/INR fails to find support above 68.82 mark, bias remains slightly bearish

Aug 08, 2018 05:56 am UTC| Technicals

USD/INR is currently trading around 68.52 marks. It made intraday high at 68.59 and low at 68.46 marks. Intraday bias remains slightly bearish till the time pair holds key resistance at 68.82 mark. Key...

FxWirePro: NZD/JPY bears nudge below descending triangle with 3-black crow pattern, momentary rallies struggle for momentum

Aug 08, 2018 05:10 am UTC| Technicals Insights & Views Central Banks

NZDJPYhas constantly been dipping ever since the formation of gravestone doji at 75.866 levels in the intermediate trend (refer weekly chart). The trend slides through descending triangle pattern which is bearish in...

FxWirePro: AUD/USD upside capped at daily cloud, bullish divergence keeps scope for upside

Aug 08, 2018 05:07 am UTC| Technicals

Refer AUD/USD chart on Trading View AUD/USD is trading in a narrow range, with the days high at 0.7433 and low at 0.7415. The RBA held rates and statement was largely unchanged from the previous month. No clear...

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Economy

Trump Defends Economic Record in North Carolina as Midterm Election Pressure Mounts

U.S. President Donald Trump traveled to the battleground state of North Carolina on Friday to defend his economic policies and reassure voters that the U.S. economy remains on solid footing, as concerns grow ahead of a...

EU Approves €90 Billion Ukraine Aid as Frozen Russian Asset Plan Stalls

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U.S. Stocks End Week Higher as Tech Rally Offsets Consumer Weakness

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EU Delays Mercosur Free Trade Agreement Signing Amid Ukraine War Funding Talks

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Politics

U.S. Launches Large-Scale Airstrikes on ISIS Targets in Syria After Deadly Attack

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Putin Envoy Heads to Miami for High-Stakes Talks as U.S. Pushes Ukraine Peace Deal

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Russian Missile Strike on Odesa Port Kills Seven, Disrupts Key Trade Routes

A Russian missile attack late on Friday struck critical port infrastructure near Ukraines Black Sea port city of Odesa, killing at least seven people and injuring 15 others, according to Ukrainian officials. The attack...

Trump Nominates Lt. Gen. Frank Donovan to Lead U.S. Southern Command Amid Rising Tensions in Latin America

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Brazil Court Allows Bolsonaro Hospital Trip Amid Prison Sentence

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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

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NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

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Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

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Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

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Technology

U.S. Lawmakers Urge Pentagon to Blacklist More Chinese Tech Firms Over Military Ties

A group of nine Republican U.S. lawmakers has formally urged the Pentagon to expand its list of Chinese companies accused of supporting Chinas military, intensifying scrutiny of Beijing-linked technology firms amid rising...

Dina Powell McCormick Resigns From Meta Board After Eight Months, May Take Advisory Role

Dina Powell McCormick has resigned from Meta Platforms board of directors effective immediately, just eight months after joining the social media company, Meta confirmed on Friday. The unexpected departure comes at a time...

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...

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...

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...
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