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FxWirePro: GBP/USD trade idea

Jul 18, 2018 12:45 pm UTC| Technicals

GBP/USD has lost more than 250 pips from the high 1.32960 made on Monday on account of weak UK data and Brexit uncertainty. UK CPI Y-o-Y came at 2.4% compared to forecast 2.6% and core CPI came at 1.9% y-o-y slightly below...

FxWirePro: USD/JPY tests 113 handle, greenback buoyed after Powell's optimistic testimony

Jul 18, 2018 11:55 am UTC| Technicals

USD/JPY has hit fresh 6-month highs at 113.13 before paring some of the gains to currently trade at 112.96 levels. The greenback was buoyed across the board after Powells optimistic testimony. Fed Chairman Jerome...

Digital Currency Revolution

FxWirePro: ETH/USD stops short of cloud resistance, slips below 500

Jul 18, 2018 11:34 am UTC| Digital Currency Technicals

ETH/USD broke above 500 levels and has hit 515 levels so far in the day. However, the pair seems to be struggling to hold above the 500 mark and is currently trading at 498 levels at press time (Coinbase). On the...

FxWirePro: USD/CHF recovers sharply more than 100 pips from yesterday’s low on hawkish Powell testimony, good to buy on dips

Jul 18, 2018 11:14 am UTC| Technicals

USD/CHF has shown a huge recovery of more than 100 pips after more hawkish statement Fed Chairman Powell.Fed Chairman Powell on his testimony on Tuesday mentioned that US economy is growing faster with job market remains...

FxWirePro: EUR/GBP breaks major trendline resistance at 0.89, eyes 61.8% Fib at 0.9044

Jul 18, 2018 11:08 am UTC| Technicals

EUR/GBP hits fresh 4-month highs at 0.8923, more upside on cards. GBP tumbled across the board after UKs inflation figures failed to meet expectations. UK headline CPI rose at an annualized 2.4% y/y missing...

FxWirePro: CAD/CHF Trade Idea

Jul 18, 2018 10:48 am UTC| Technicals

FxWirePro Currency Strength Index for CAD/CHF: Bias Bearish FxWirePros Hourly CAD Spot Index was at -105.293 (Bearish) FxWirePros Hourly CHF Spot Index was at 126.714 (Bullish) Technical Analysis: Bias Bearish -...

FxWirePro: GBP/USD trades lower on weaker than expected UK CPI data, good to sell on rallies

Jul 18, 2018 09:51 am UTC| Technicals

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Economy

U.S. Futures Slip as Iran Ceasefire Uncertainty and CPI Data Weigh on Markets

U.S. stock index futures edged slightly lower Thursday evening as investors exercised caution ahead of high-stakes ceasefire negotiations between Washington and Tehran, while bracing for a closely watched inflation report....

Trump Slams Iran Over Strait of Hormuz Oil Restrictions Amid Fragile Ceasefire

President Donald Trump publicly criticized Iran on Thursday over its handling of oil shipments through the Strait of Hormuz, escalating tensions just days after a tentative ceasefire agreement between Washington and...

Oil Prices Rise Amid Strait of Hormuz Tensions and U.S.-Iran Talks

Oil prices climbed during Asian trading on Friday, building on Thursdays modest recovery, as markets remained on edge over ongoing supply disruptions in the Middle East and closely watched diplomatic developments ahead of...

Gold Prices Rise on Weaker Dollar and Ceasefire Hopes

Gold prices edged higher on Thursday, supported by a softer U.S. dollar and improving geopolitical sentiment after Israel announced plans to open direct negotiations with Lebanon. The development offered a measure of...

China's Inflation Data Misses Forecasts as Consumer Prices Slow in March

Chinas latest inflation figures came in below market expectations in March, highlighting the ongoing disinflationary challenges facing the worlds second-largest economy. According to official data released Friday, the...

Politics

Netanyahu Seeks Lebanon Peace Talks Amid Ceasefire Fragility and Strait of Hormuz Crisis

Israeli Prime Minister Benjamin Netanyahu has announced plans to initiate direct peace negotiations with Beirut, just one day after devastating Israeli airstrikes killed over 300 people in Lebanon strikes that have now...

Trump Warns Iran Over Strait of Hormuz Toll Fees Amid Fragile Ceasefire

President Donald Trump issued a stern warning to Iran on Thursday, demanding that the country stop charging fees to tankers navigating the Strait of Hormuz. The warning came amid a delicate ceasefire following weeks of...

RFK Jr. Expands CDC Vaccine Advisory Panel's Scope Amid Legal Battles

U.S. Health Secretary Robert F. Kennedy Jr. has signed a new charter for the CDCs Advisory Committee on Immunization Practices (ACIP), broadening the panels focus to include vaccine risks and alleged gaps in vaccine safety...

Epstein Files: Key Figures Named in DOJ Document Release

The U.S. Justice Departments release of millions of internal documents linked to Jeffrey Epstein has exposed connections between the late financier and numerous high-profile individuals across politics, finance, and...

DOJ Launches Antitrust Investigation Into the NFL Over Broadcast Restrictions

The U.S. Department of Justice has opened an investigation into the National Football League over potential anticompetitive practices that may be harming consumers, according to a source familiar with the matter. The probe...

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

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

Anthropic's Mythos AI Model Sparks Emergency Cybersecurity Meeting With Top U.S. Bank CEOs

U.S. Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell convened an urgent closed-door meeting with the chief executives of Americas largest banks this week, warning them about serious cybersecurity...

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...