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FxWirePro: USD/CHF recovers more than 100 pips on broad based US dollar buying, good to buy on dips

Aug 03, 2018 07:29 am UTC| Technicals

USD/CHF has shown a good recovery of more than 100 pips after more hawkish Fed statement. Fed was more optimistic on economy and has upgraded from solid to strong for first time since 2006. This confirms two more rate...

FxWirePro: USD/ZAR hits fresh weekly high at 13.50 mark, South Africa’s economic PMI data in focus

Aug 03, 2018 06:44 am UTC| Technicals

USD/ZAR is currently trading around 13.50 levels. It made intraday high at 13.50 and low at 13.43 levels. Intraday bias remains bullish till the time pair holds key support at 13.22 marks. A daily close...

FxWirePro: GBP/JPY trades lower, good to sell on rallies

Aug 03, 2018 06:04 am UTC| Technicals

GBP/JPY has lost more than 130 pips yesterday after BOE monetary policy. BOE has hiked interest rates by 25bpbs and more dovish comment from governor Carney has dragged the pound sterling lower.Cable has lost almost more...

FxWirePro: GBP/AUD Bears Shrug-off BoE Hikes, Sharp Gravestone Doji and Shooting Star Counter Dragonfly – One Touch Put for Short-Term Trade

Aug 03, 2018 05:48 am UTC| Technicals

GBPAUD forms back-to-back bearish patterns at 1.7817 and 1.7822 levels, consequently, bears managed to plummet prices below EMA (refer weekly chart). While the consolidation phase in the intermediate trend seems...

FxWirePro: USD/INR back above 68.50 mark, bias remains bullish

Aug 03, 2018 05:23 am UTC| Technicals

USD/INR is currently trading around 68.55 marks. It made intraday high at 68.64 and low at 68.46 marks. Intraday bias remains slightly bullish till the time pair holds key support at 68.15 mark. Key...

FxWirePro: Gold trades lower as US dollar hits 2-week high, markets eye US non farm payroll data

Aug 03, 2018 03:41 am UTC| Technicals

Overall trend - bearish Gold has lost more than $15 in yesterdays trading as US dollar index hits 2 week high. The yellow metal hits low of $1206.64 at the time of writing. The rising trade tensions and hawkish US Fed...

FxWirePro: Chinese yuan weakens past 6.87 mark, PBOC sets yuan mid-point at 6.8322

Aug 03, 2018 03:37 am UTC| Technicals

USD/CNY is currently trading around 6.8691 marks. It made intraday high at 6.8747 and low at 6.8379 levels. Intraday bias remains bullish for the moment. A sustained close above 6.8379 marks will test key...

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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

Ukraine welcomed a major European Union decision on Friday to provide 90 billion in financial support over the next two years, a move Kyiv says will significantly strengthen its economic resilience amid the ongoing war...

Kevin Hassett Says Inflation Is Below Target, Backs Trump’s Call for Rate Cuts

White House economic advisor Kevin Hassett said President Donald Trump is correct in claiming inflation is low, despite official data, public sentiment, and many economists suggesting otherwise. Speaking on Fox Business,...

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

U.S. stocks closed higher on Friday, recovering from a volatile start to the week as gains in technology and AI-related shares outweighed sharp declines in consumer stocks such as Nike. Major indexes finished in positive...

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

The European Union has decided to delay the formal signing of its long-anticipated free trade agreement with the Mercosur bloc, as EU leaders convened in Brussels to prioritize discussions on funding Ukraines war effort....

Politics

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

The United States military carried out extensive airstrikes against Islamic State (ISIS) targets across Syria on Friday, escalating its response after a deadly attack on American personnel, according to U.S. officials. The...

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

Russian President Vladimir Putins special envoy Kirill Dmitriev is traveling to Miami for talks with U.S. President Donald Trumps envoy Steve Witkoff and Trumps son-in-law Jared Kushner, according to a Russian source cited...

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

U.S. President Donald Trump has nominated Lieutenant General Frank Donovan, the vice commander of U.S. Special Operations Command, to become the next head of U.S. Southern Command (SOUTHCOM), the military body responsible...

Brazil Court Allows Bolsonaro Hospital Trip Amid Prison Sentence

Brazils Supreme Court Justice Alexandre de Moraes has authorized former President Jair Bolsonaro to temporarily leave the Federal Police Superintendency in Brasília, where he is currently serving a 27-year prison...

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

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...