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FxWirePro: Kiwi dumped post New Zealand Q2 Labour Market data, NZD/USD slips below 0.68 handle, to see further weakness

Aug 01, 2018 06:07 am UTC| Technicals

Kiwi dumped on the NZ jobs data, NZD/USD slips 0.30% on the day, trades at 0.6796 at the time of writing. Data released by Statistics New Zealand showed that the unemployment rate lifted to 4.5 percent in the three...

FxWirePro: Indian rupee remains unchanged after manufacturing PMI data, RBI’s rate decision in focus

Aug 01, 2018 05:59 am UTC| Technicals

USD/INR is currently trading around 68.49 marks. It made intraday high at 68.49 and low at 68.39 marks. Intraday bias remains neutral for the moment. Key resistances are seen at 68.75, 68.94, 69.05, 69.18,...

FxWirePro: USD/CAD trades lower on booming Canadian economy, good to sell on rallies

Aug 01, 2018 05:58 am UTC| Technicals

Canadian dollar was trading higher and hits 7- week high on account of better than expected Canadian GDP data.Canadas economy grew 0.5% month-on-month biggest gain since Jul 2016 compared to forecast of 0.3%. The pair...

FxWirePro: AUD/USD bulls in minor trend capitalize on double bottom ahead of Fed; bears nudge intermediate downtrend on double top

Aug 01, 2018 05:56 am UTC| Research & Analysis Technicals

AUDUSD forms double bottom pattern with bottom 1 at 0.7310, bottom 2 at 0.7317 and neckline at .7484 levels. As a result, the upswings prop up further on this bullish pattern, the current prices hovering at DMAs amid...

FxWirePro: EUR/JPY consolidates previous session's spike, on track to test 200-DMA at 131.75

Aug 01, 2018 04:54 am UTC| Technicals

EUR/JPY is consolidating previous sessions spike, trades rangebound at 130.75 levels. Eurozones advanced CPI figures on Tuesdays came in above estimates keeping the euro buoyed across the board. On the otherside,...

FxWirePro: USD/JPY pauses shy of 112 handle, focus on FOMC for further impetus

Aug 01, 2018 03:56 am UTC| Technicals

USD/JPY extended spike to hit 2 1/2 week highs of 111.95 on Tuesdays trade after BoJ disappointment. The Bank of Japan offered a dovish statement and added new forward guidance on interest rates, stating that rates...

FxWirePro: USD/SGD exhibits range bound movement, bias remains neutral

Aug 01, 2018 03:42 am UTC| Technicals

USD/SGD is currently trading around 1.3617 marks. It made intraday high at 1.3624 and low at 1.3609 levels. Intraday bias remains neutral till the time pair moves in stiff boundaries from 1.3705 to 1.3570...

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

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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

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

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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

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...
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