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FxWirePro: USD/CAD trades lower on strong crude oil price, good to sell on rallies

Feb 15, 2018 09:46 am UTC| Technicals

USD/CAD declined almost 200 pips after hitting high of 1.26880. The pair hits intraday low of 1.24655. The decline in prices was due to sudden spike in crude oil prices and weakness in US equity markets. It is currently...

FxWirePro: EUR/NOK hovers around 9.70 mark, downside limited

Feb 15, 2018 07:53 am UTC| Technicals

EUR/NOK is currently trading at 9.7041 levels. It made intraday high at 9.7070 and low at 9.6820 levels. Intraday bias remains slightly bullish till the time pair holds key support at 9.6820 mark. A...

FxWirepro: BTC/EUR dragonfly doji struggles for momentum, buy minor trend and short hedge

Feb 15, 2018 07:49 am UTC| Technicals Digital Currency

The minor trend of BTCEUR had been oscillating so far in a tight range of 7442.85 and 6325.92 levels. In the recent past, bulls have managed to break-out this tight range as the current prices spikes above 7 21...

FxWirePro: USD/CHF Daily Outlook

Feb 15, 2018 07:26 am UTC| Technicals

USD/CHF is trading weak for fifth consecutive day and has closed once well below 10- day MA). The pair declined till 0.92630 at the time of writing. The pair formed a minor top around 0.9470 and further bullishness only...

FxWirePro: USD/ZAR breaks key support at 11.82 mark, hits lowest level since February 2015

Feb 15, 2018 06:52 am UTC| Technicals

USD/ZAR is currently trading around 11.72 levels. It made intraday high at 11.73 and low at 11.63 levels Intraday bias remains bearish till the time pair holds key resistance at 12.02 mark. A daily close...

FxWirePro: Gold trades higher on weak US dollar, good to buy on dips

Feb 15, 2018 06:07 am UTC| Technicals

Gold has declined sharply after release of US consumer price data. The yellow metal dipped almost $20 from the high of $1336 made before release of US data. The commodity shown a massive recovery from the low of $1317. The...

FxWirePro: EUR/USD bulls linger sideways despite stern bullish engulfing pattern, major uptrend remains intact – Bid boundary binaries to trade

Feb 15, 2018 06:05 am UTC| Technicals

Although the minor trend of EURUSD manages to bounce back above 7 21SMAs (refer 2H chart), the current prices have been lingering in sideways. In this process, bullish engulfing pattern candle has occurred at 1.2403...

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Economy

Paraguay Holds Interest Rate at 5.5% as Inflation Remains Stable Amid Global Uncertainty

Paraguays central bank has decided to keep its benchmark interest rate unchanged at 5.5% for the second straight month, signaling confidence in the countrys stable inflation outlook despite ongoing global economic...

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...

Politics

Iran Warns U.S. Ceasefire Extension Could Signal Surprise Military Strike

Tensions between the United States and Iran continue to escalate after an advisor to Irans parliament speaker, Mohammad Baqer Qalibaf, claimed that U.S. President Donald Trumps ceasefire extension may be a strategic move...

Trump Extends Iran Ceasefire Amid Ongoing Negotiations and Pakistan’s Request

U.S. President Donald Trump announced on Tuesday that the ceasefire involving Iran will be extended, signaling a temporary pause in escalating tensions while diplomatic efforts continue. The decision comes as Iranian...

Trump Nominates Economist Christopher Phelan as Chief Economic Adviser

U.S. President Donald Trump has nominated University of Minnesota economist Christopher Phelan to serve as his next chief economic adviser, according to a White House announcement on Tuesday. If confirmed by the Senate,...

Iran Open to U.S. Talks in Pakistan if Pressure Policy Ends, Official Says

Iran may be willing to engage in diplomatic talks with the United States in Pakistan, but only if Washington abandons its current strategy of pressure and threats, according to a senior Iranian official speaking to...

Peru Election Crisis Deepens as Electoral Chief Piero Corvetto Resigns Amid Delayed Results

Perus political uncertainty intensified after Piero Corvetto, head of the countrys electoral authority, officially resigned following mounting pressure over delays in the April 12 general election results. The prolonged...

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...