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FxWirePro: EUR/KRW consolidates around 1,295 mark, consistent close above requires for upside rally

Aug 29, 2018 01:00 am UTC| Technicals

EUR/KRW is currently trading around 1,295 mark. Pair made intraday high at 1,295 and low at 1,293 levels. Intraday bias remains neutral till the time pair moves in stiff directions from 1,290 to 1,298...

FxWirePro: NZD/USD finds strong support at 21-EMA, breakout at 50-DMA to see further upside

Aug 28, 2018 15:18 pm UTC| Technicals

Refer NZD/USD chart on Trading View NZD/USD is holding break above 21-EMA, intraday bias is higher. The pair is trading 0.34% higher on the day at 0.6714 at the time of writing. Momentum studies are...

FxWirePro: US Oil struggles at 50-DMA ahead of API data, break above to see further upside

Aug 28, 2018 13:31 pm UTC| Technicals

US Oil is extending range trade at 50-DMA resistance at 69.22, break above will see further upside. Momentum studies are bullish. Stochs and RSI are sharply higher. Price action has bounced off 200-DMA and upside...

GBPUSD : Trend line resistance and Bearish divergence

Aug 28, 2018 13:23 pm UTC| Technicals

Overall trend : Bearish Major resistance- 1.29365 (trend line resistance) Ichimoku Analysis (Daily Chart) Tenken-sen- 1.2870 Kijun-Sen- 1.2868 GBPUSD has shown a good recovery of more than 100...

FxWirePro: USDCAD Trade Idea

Aug 28, 2018 12:28 pm UTC| Technicals

USD/CAD has lost more than 100 pips from the high of 1.30673 made yesterday. US dollar was trading weak against all majors after US-Mexico has reached trade deal.Trump speaking from oval office mentioned that US and Mexico...

FxWirePro: CHF/JPY continues to trade higher for 6th consecutive day, jump till 114.75 likely

Aug 28, 2018 12:05 pm UTC| Technicals

Overall trend : Bullish Ichimoku Analysis (Daily Chart) Tenken-sen- 112.13 Kijun-Sen- 112.07 Trend reversal level (intra day)- 113.80 As per our analysis CHF/JPY is continuously trading...

Digital Currency Revolution

FxWirePro: ETH/USD breaches 10-DMA resistance, decisive break above 21-EMA to see minor bullishness

Aug 28, 2018 11:32 am UTC| Digital Currency Technicals

(Refer ETH/USD chart on Trading View) ETH/USD successfully closed above 10-DMA on Monday at 287 levels. The pair is extremely rangebound on Tuesday and is trading at 288 levels at the time of writing...

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Economy

Goldman Sachs, ANZ Cut Oil Forecasts Amid U.S.-Iran Ceasefire Hopes

Brent crude oil prices have tumbled more than 11% this week after the United States and Iran agreed to a two-week ceasefire, raising hopes that the Strait of Hormuz one of the worlds most critical oil shipping lanes ...

Bank of Japan Governor Signals Accommodative Stance Amid Negative Real Rates

Bank of Japan Governor Kazuo Ueda reaffirmed on Thursday that Japans real interest rates remain firmly in negative territory, signaling that the countrys financial conditions continue to support economic growth. His...

Japan Consumer Confidence Drops Sharply Amid Rising Fuel Costs and Middle East Tensions

Japans consumer confidence took a significant hit in March, declining for the first time in three months as escalating fuel costs linked to the ongoing Middle East conflict continued to weigh heavily on the countrys...

China Set to Exit Deflation Cycle in Early 2026, ANZ Analysts Say

China may be closer to ending its prolonged deflationary period than financial markets currently anticipate, according to a recent note from ANZ analysts. The bank projects that three key price indicators the producer...

Asian Currencies Hold Steady as Middle East Ceasefire Doubts Weigh on Markets

Asian currencies showed little movement on Thursday following strong gains in the prior session, as investor caution mounted over the stability of a U.S.-Iran ceasefire deal amid escalating Middle East tensions. The U.S....

Politics

Trump Warns Iran: No Deal Means Military Action as U.S. Forces Hold Position

President Donald Trump escalated tensions with Iran on Wednesday, declaring that all U.S. military assets including ships, aircraft, and personnel would remain stationed in the region until a formal agreement with Tehran...

U.S. Pushes for Crypto Regulation to Keep Digital Asset Growth at Home

Treasury Secretary Scott Bessent is calling on Congress to pass landmark federal cryptocurrency legislation, warning that regulatory uncertainty is pushing blockchain innovation and investment out of the United States. In...

North Korea Tests Advanced Cluster Bombs, Electromagnetic Weapons in Latest Military Display

North Korea has conducted a series of weapons tests this week, showcasing cutting-edge military technology including cluster-bomb warheads, electromagnetic weapons, and carbon-fibre bombs, according to state media outlet...

Trump Pardon Clears Juan Orlando Hernández as U.S. Court Dismisses Drug Conviction Appeal

A U.S. federal appeals court has dismissed the case against former Honduran President Juan Orlando Hernández, vacating his prior conviction following a presidential pardon granted by Donald Trump in December. The...

Taiwan Defense Budget: U.S. Senator Urges Legislature to Pass Spending Plan

Republican Senator Jim Banks visited Taipei and delivered a direct message to Taiwans President Lai Ching-te: the islands parliament must stop stalling and approve a proposed special defense budget. Banks, a member of the...

Science

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

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

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 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...

Technology

Bank of America Identifies Top Asia-Pacific Semiconductor Stocks Poised for AI-Driven Growth

Bank of America has spotlighted a select group of Asia-Pacific semiconductor companies well-positioned to ride the wave of surging artificial intelligence chip demand, with Taiwan Semiconductor Manufacturing Company...

China's AI Stocks Surge as Zhipu and MiniMax Hit Record Highs

Chinese artificial intelligence stocks continued their remarkable rally on Thursday, with Zhipu AI and MiniMax Group posting strong gains in Hong Kong trading as a wave of new model launches and product announcements...

Bendigo and Adelaide Bank Posts Strong Q3 Earnings, Announces AI-Driven Job Cuts

Bendigo and Adelaide Bank delivered an impressive financial performance in its third quarter, reporting a 12.8% surge in cash earnings to A$137.9 million for the three months ending March 31. The result came in roughly 12%...

Alibaba Shares Slide as Jefferies Slashes Price Target Over AI Spending and Business Losses

Alibabas Hong Kong-listed shares (HK:9988) dropped 2.9% to HK$122.70 on Thursday, emerging as one of the heaviest drags on the Hang Seng Index, which closed 0.6% lower. The selloff came after investment bank Jefferies...

Anthropic Fights Pentagon Blacklisting in Dual Federal Court Battles

A federal appeals court in Washington, D.C., has refused to halt the Pentagons national security blacklisting of AI company Anthropic, delivering a temporary win for the Trump administration. The ruling comes as another...
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