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FxWirePro: ETH/USD forms double top, slides below 21-EMA again with bearish SMA crossover – Snap rallies to deploy shorts

Mar 13, 2018 07:58 am UTC| Technicals Digital Currency

ETHUSD forms the double top pattern on intraday chart plotting with top 1 at 745.00 top 2 at 739.85 with rising trend line (refer 2H chart). Bearish engulfing patterns have occurred on (intraday, weekly terms) at...

FxWirePro: USD/ZAR moves in stiff boundaries, South Africa’s manufacturing output data in focus

Mar 13, 2018 07:42 am UTC| Technicals

USD/ZAR is currently trading around 11.83 levels. It made intraday high at 11.83 and low at 11.80 levels. Intraday bias remains neutral for the moment. A daily close above 11.92 will take the parity...

FxWirePro: AUD/JPY holds above 84 handle, eyes 38.2% Fib, stay long

Mar 13, 2018 07:40 am UTC| Technicals

AUD/JPY is extending gains above 84 handle after breakout at 20-DMA resistance. Technical studies are biased higher. RSI has shown a rollover from oversold levels. Stochs are biased higher and MACD is showing a...

FxWirePro: USD/CHF trades flat, market eyes US CPI

Mar 13, 2018 07:26 am UTC| Technicals

USD/CHF has shown a minor decline after hitting high of 0.95345 on Mar 9th 2018. The pair is trading in narrow range for almost 75 pips for the past three days. The pair hits low of 0.94591 and is currently trading around...

FxWirePro: Gold trades higher on slow US wage growth, good to buy on dips

Mar 13, 2018 06:17 am UTC| Technicals

Gold has shown a minor recovery after hitting low of $1314.99 yesterday. The yellow metal hits high of $1325.58 at the time of writing. DXY recovered slightly from the low of 89.84 and is trading at 90.05. Market eyes...

FxWirePro: Chinese yuan trades almost flat against U.S. dollar, PBOC sets yuan mid-point at 6.3218 per U.S. dollar

Mar 13, 2018 06:16 am UTC| Technicals

USD/CNY is currently trading around 6.3260 marks. It made intraday high at 6.3275 and low at 6.3190 levels. Intraday bias remains neutral for the moment. A sustained close above 6.3564 marks will test key...

FxWirePro: AUD/CAD grinds higher in 'Rising Channel' pattern, watch out for channel breakout for further upside

Mar 13, 2018 05:46 am UTC| Technicals

AUD/CAD extends grind higher in Rising Channel pattern. Scope for further upside. The pair has resume upside after brief retrace from multi-week highs at 1.0136. Price action has retraced dip below 5-DMA and is...

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Economy

Rising Jet Fuel Costs from Iran Conflict Push Airfare Higher Across Europe

Disruptions to global oil supplies linked to the Iran conflict are driving a sharp increase in jet fuel prices, adding significant costs to air travel across Europe. According to analysis from campaign group Transport ...

UK Wage Growth Slows to 3.6% as Inflation Pressures Complicate Bank of England Outlook

British wage growth showed signs of cooling, though not as sharply as analysts had anticipated, according to the latest data from the Office for National Statistics (ONS). Regular pay, which excludes bonuses, rose by 3.6%...

US-Iran Peace Talks Fuel Market Optimism Amid Ongoing Tensions

The United States has expressed renewed confidence that peace talks with Iran could resume soon in Pakistan, raising hopes of easing geopolitical tensions that have disrupted global energy markets. A senior Iranian...

Asian Currencies Stay Range-Bound as Dollar Holds Steady Ahead of Fed Nominee Hearing

Asian currencies traded within a narrow range on Tuesday as geopolitical uncertainty surrounding potential U.S.-Iran peace talks kept investors cautious. With a temporary ceasefire set to expire later this week, traders...

Gold Prices Slip Amid Iran Tensions and Fed Chair Uncertainty

Gold prices edged lower during Asian trading on Tuesday as investors weighed geopolitical risks and monetary policy uncertainty. The precious metal remains range-bound, with traders closely monitoring developments...

Politics

Pakistan Halts $1.5 Billion Sudan Arms Deal After Saudi Arabia Withdraws Support

Pakistan has reportedly paused a $1.5 billion defense deal to supply weapons and fighter jets to Sudan after Saudi Arabia withdrew financial backing and urged Islamabad to abandon the agreement. According to Pakistani...

UN Secretary-General Race 2027: Key Candidates Competing to Replace Antonio Guterres

The race to select the next United Nations Secretary-General is gaining momentum as global leaders position themselves for the top diplomatic role. The 10th UN chief will assume office on January 1, 2027, for a five-year...

Philippines Says U.S. Access to EDCA Bases Limited by Land Issues and Delays

Philippine Defense Secretary Gilberto Teodoro has revealed that the use of military bases accessible to the United States under the Enhanced Defense Cooperation Agreement (EDCA) remains limited, citing unresolved land...

Trump Maintains Iran Naval Blockade as Ceasefire Deadline Nears

U.S. President Donald Trump announced that the naval blockade against Iran will remain in force until a formal agreement is reached with Tehran, adding uncertainty ahead of a looming ceasefire deadline later this week. In...

Gaza Violence Continues Despite Ceasefire as Israeli Strikes and Clashes Escalate

Israeli airstrikes in the Gaza Strip killed at least five Palestinians on Monday, according to Palestinian health officials, highlighting ongoing violence despite a fragile ceasefire agreement. The incidents occurred in...

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

SpaceX President Gwynne Shotwell Earns $85.8M as IPO Buzz Grows

SpaceX President and Chief Operating Officer Gwynne Shotwell earned $85.8 million in total compensation last year, according to details from the companys S-1 filing, positioning her among the highest-paid executives in the...

John Ternus Signals Apple’s Future with Product-First AI Strategy

Apples incoming CEO John Ternus is already shaping expectations for the companys future, and his stance on artificial intelligence reveals a clear direction. Unlike competitors such as Microsoft and Google, which are...

Jeff Bezos Eyes $10 Billion Funding Round for AI Venture Project Prometheus

Jeff Bezos is reportedly closing in on a massive fundraising deal for his artificial intelligence startup, signaling a major move in the rapidly expanding AI industry. According to a Financial Times report citing sources...

Apple Stock Dips as Tim Cook Steps Down, John Ternus Named Next CEO

Apple (NASDAQ: AAPL) shares slipped more than 1% in after-hours trading Monday following a surprising leadership transition announcement. The tech giant revealed that longtime CEO Tim Cook will move into the role of...

Amazon Expands AI Bet with Up to $25 Billion Investment in Anthropic

Amazon is significantly deepening its artificial intelligence strategy by announcing a new investment of $5 billion in AI firm Anthropic, with the potential to reach up to $25 billion based on performance milestones. This...