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FxWirePro: Frequent occurrences of shooting stars hamper EUR/USD bullish momentum, but major trend still remains intact – Construct tunnel spreads to speculate

Oct 24, 2017 07:20 am UTC| Technicals Insights & Views

As and when you could see the formations of shooting stars, there have been considerable price slumps. These bearish patterns have occurred at 1.1967, 1.2035, 1.1951 and 1.1819 levels (on the daily chart), 1.1813 levels...

FxWirePro: AUD/CAD edges lower from 5-week highs at 0.9883, good to go long on break above 0.99

Oct 24, 2017 07:08 am UTC| Technicals

AUD/CAD edges lower from session highs at 0.9883, finds stiff resistance at 0.99 levels (nearly converged trendline and 100-DMA). Technical studies support upside, break above 0.99 finds next immediate resistance at...

FxWirePro: GBP/JPY trades higher, good to buy on dips

Oct 24, 2017 07:07 am UTC| Technicals

GBP/JPY has shown a minor selling after hitting high of 150.49. The pair declined till 149.48 yesterday and is currently trading around 149.99. GBP was trading slightly higher against after Theresa was optimistic over...

FxWirePro: Copper resumes upside after brief consolidation at channel top, good to go long on break above

Oct 24, 2017 06:44 am UTC| Technicals

Copper bulls are resuming upside, push prices higher after brief consolidation at multi-year highs. Trade extends in a rising triangle pattern and decisive breakout at channel top required for further...

FxWirePro: USD/CNY hovers around 6.63 mark, PBOC sets yuan mid-point at 6.6268

Oct 24, 2017 06:24 am UTC| Technicals

USD/CNY is currently trading around 6.6297 marks. It made intraday high at 6.6379 and low at 6.6245 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at 6.6400 mark. A...

FxWirePro: Gold takes support near trend line, good to sell on rallies

Oct 24, 2017 05:54 am UTC| Technicals

Gold pared its losses after hitting 2- week low at $1272 on yesterday due to slight weakness in U.S dollar and minor profit booking in US indexes. The yellow metal prices broken 100 day MA at $1276 and jumped till $1283.50...

FxWirePro: GBP/CAD hovers around 200-DMA at 1.6685, breakout to see further upside

Oct 24, 2017 05:53 am UTC| Technicals

GBP/CAD is extending upside for 3rd successive session. The pair is trading a narrow range on the day, with the days high at 1.6699 and low at 1.6676. Price action has broken above 100-DMA and is currently...

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Economy

U.S. Sanctions Target Chinese Refinery Over Iranian Oil Purchases

The U.S. Treasury Department has imposed new sanctions on Hengli Petrochemical (Dalian) Refinery Co., a major Chinese independent refinery, over its large-scale purchases of Iranian crude oil and petroleum products. The...

US Dollar Weakens as Iran Talks Boost Risk Appetite in Forex Market

The U.S. dollar edged lower on Friday as global investors shifted toward riskier assets, encouraged by renewed diplomatic signals between the United States and Iran. This movement in the forex market reflects growing...

Gold Prices Edge Higher on Weak Dollar but Face Weekly Loss Amid Oil-Driven Inflation Fears

Gold prices saw a modest increase on Friday, supported by a weaker U.S. dollar and renewed geopolitical developments involving the United States and Iran. Despite this slight rebound, the precious metal remains on track...

Oil Prices Steady as U.S.-Iran Talks Ease Tensions Despite Strait of Hormuz Disruptions

Oil prices remained relatively stable on Friday as optimism over renewed U.S.-Iran negotiations helped calm market fears, even as supply disruptions in the Strait of Hormuz continued to support prices. Brent crude futures...

Wall Street Hits Record High as Tech Stocks Surge Amid U.S.-Iran Developments

Wall Street closed at record levels on Friday, driven by strong investor optimism surrounding potential U.S.-Iran peace talks and robust earnings from major technology companies. The stock market showed mixed results, with...

Politics

Federal Appeals Court Allows Texas SB4 Immigration Law Enforcement to Proceed

A U.S. federal appeals court has ruled that Texas can move forward with enforcing its controversial immigration law, SB4, marking a significant development in the ongoing legal battle over state-level immigration...

Pope Leo Calls for Abolition of Death Penalty Amid U.S. Execution Policy Debate

Pope Leo has once again spoken out against capital punishment, urging its complete abolition while criticizing recent efforts by the United States government to expand execution methods for federal inmates. His remarks...

Senate Moves Toward Vote on Cuba War Powers Resolution Amid Trump Military Threats

The U.S. Senate is expected to vote as early as next week on a Democratic-led measure aimed at preventing President Donald Trump from initiating military action against Cuba without congressional approval. Senate aides...

D.C. Flag Mix-Up Before King Charles Visit Quickly Fixed

Washington, D.C. officials briefly displayed Australian flags instead of British flags near the White House ahead of King Charles IIIs highly anticipated visit to the United States, according to the D.C. Department of...

US Freezes $344M in Crypto Linked to Iran Amid Escalating Sanctions

The U.S. Treasury Department has intensified its crackdown on illicit financial networks by sanctioning multiple cryptocurrency wallets tied to Iran, resulting in the freeze of approximately $344 million in digital assets....

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

Judge Dismisses Elon Musk’s Fraud Claims Against OpenAI, Trial to Proceed on Remaining Allegations

A U.S. federal judge has dismissed key fraud claims brought by Elon Musk in his high-profile lawsuit against OpenAI and its co-founder Sam Altman, marking a significant development in the ongoing legal battle. The ruling,...

$16B Michigan Data Center Project Boosts U.S. AI Infrastructure Expansion

Related Digital, a major data center developer, announced on Friday that it has secured $16 billion in financing to support the construction of a large-scale data center campus in Michigan. This significant investment...

U.S. Raises Alarm Over Chinese AI Firms’ Alleged IP Theft Through Model Distillation

The U.S. State Department has launched a global diplomatic effort to highlight what it describes as large-scale intellectual property theft by Chinese artificial intelligence companies. According to a diplomatic cable...

DeepSeek Launches V4 AI Models with Enhanced Reasoning and 1M Token Context Window

DeepSeek has unveiled preview versions of its latest open-source artificial intelligence models, marking a significant step forward in AI performance and reasoning capabilities. The new releases, DeepSeek-V4-Pro and...

Amazon Stock Rises as Meta Expands AWS Partnership for AI Infrastructure

Amazon (NASDAQ: AMZN) shares climbed around 2% শুক্রবার morning after Meta revealed a major expansion of its partnership with Amazon Web Services (AWS), signaling strong momentum in the growing artificial intelligence...