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FxWirePro: GBP/JPY trades higher after better than expected UK jobs data, good to sell on rallies

Jul 17, 2018 09:07 am UTC| Technicals

GBP/JPY has lost almost 80 pips from the high of 149.31 made yesterday. Rec Cable has shown a minor recovery till 1.32980 and started to decline from that level. UK June jobless change came at +7.8 k compared to forecast...

FxWirePro: NZD/USD breaks above 21-EMA, focus on Powell's testimony for further impetus

Jul 17, 2018 09:04 am UTC| Technicals

NZD/USD erased losses and bounced back to take out 21-EMA resistance at 0.6825. Kiwi was buoyed after RBNZs preferred measure of core inflation hit a 7-year high. Data released earlier today showed NZ Q2 CPI data...

FxWirePro: USD/ZAR trades in narrow range, bias remains neutral

Jul 17, 2018 08:19 am UTC| Technicals

USD/ZAR is currently trading around 13.25 levels. It made intraday high at 13.25 and low at 13.18 levels. Intraday bias remains neutral till the time pair holds key support at 13.16 marks. A daily close...

FxWirePro: USD/ZAR trades in narrow range, bias remains neutral

Jul 17, 2018 08:19 am UTC| Technicals

USD/ZAR is currently trading around 13.25 levels. It made intraday high at 13.25 and low at 13.18 levels. Intraday bias remains neutral till the time pair holds key support at 13.16 marks. A daily close...

Digital Currency Revolution

FxWirePro: BTC/USD tests key resistance at 50-DMA, break above eyes 6860

Jul 17, 2018 07:35 am UTC| Digital Currency Technicals

BTC/USD broke above the trend line joining 9948.98 and 6820 and hit 6755 levels. It is currently trading at 6678 levels at the time of writing (Bitstamp). On the topside, the pair faces strong resistance at 6718...

FxWirePro: Chinese yaun trades marginally higher on robust house price data

Jul 17, 2018 07:00 am UTC| Technicals

USD/CNY is currently trading around 6.6814 marks. It made intraday high at 6.6895 and low at 6.6744 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at 6.7050 mark. A...

FxWirePro: ETH/EUR consolidates break above channel top, upside intact as long as pair holds above 21-EMA

Jul 17, 2018 06:54 am UTC| Digital Currency Technicals

ETH/EUR consolidates break above channel top, bias higher. The pair is trading 1.51% lower on the day, finds strong support at 21-EMA at 396. We find upside remains intact as long as 21-EMA support...

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Economy

U.S. Inflation Surges in March as Iran War and Tariffs Drive Prices Higher

Marchs Consumer Price Index is expected to post its sharpest monthly increase in nearly four years, driven by skyrocketing oil prices tied to the U.S.-Iran conflict and the ongoing ripple effects of import tariffs. The...

Asian Stocks Rally on Ceasefire Hopes and Bargain Buying

Asian equity markets climbed higher on Friday, driven by cautious optimism surrounding ceasefire negotiations between Iran and the United States. Regional benchmarks were also on track to close out the week with strong...

White House Warns Staff Over Insider Trading Amid Suspicious Oil Market Bets

The White House issued an internal warning to staff on March 24, cautioning employees against exploiting their government positions to gain an unfair advantage in financial futures markets. The directive came just one day...

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...

Politics

Global Elections 2026: What Investors and Markets Are Watching

Political uncertainty is sweeping the globe in 2026, with a series of high-stakes elections poised to reshape economic policies and rattle financial markets. From Eastern Europe to South America, investors are keeping a...

Xi Jinping and KMT's Cheng Li-wun Meet in Beijing Amid Cross-Strait Tensions

Chinese President Xi Jinping met with Kuomintang (KMT) Chairwoman Cheng Li-wun in Beijing on Friday, emphasizing that people on both sides of the Taiwan Strait share a common Chinese identity and that the future of...

Pilots Fear Retaliation for Refusing Middle East Flights Amid Ongoing Conflict

Airline pilots expressing safety concerns about flying through Middle Eastern airspace are reportedly facing threats of lost wages or termination if they decline assignments, according to Ron Hay, president of the...

Iran Denies Negotiating Team Traveled to Pakistan for U.S. Talks Amid Ceasefire Uncertainty

Iran has firmly rejected reports suggesting that a diplomatic delegation traveled to Islamabad to engage in negotiations with the United States, calling the claims entirely false. The denial was issued through state-linked...

U.S.-Iran Ceasefire Under Pressure Ahead of Pakistan Peace Talks

A fragile two-week ceasefire between the United States and Iran is showing serious cracks just one day before scheduled peace negotiations in Pakistan. Washington has accused Tehran of violating commitments related to 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

Lumentum Holdings Rides AI Wave With Order Book Filled Through 2028

Lumentum Holdings Inc (NASDAQ: LITE) is experiencing a surge in demand from the artificial intelligence sector, with its order pipeline now fully booked through 2028, according to a Bloomberg report published Thursday. The...

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%...
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