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FxWirePro: Bearish candles on GBP/USD; Buy GBP/USD binary puts for 15-20 pips

Jul 03, 2015 10:55 am UTC| Insights & Views

GBP/USD hit lows at 1.5603 during European morning trade, the pair subsequently managed to recover back at 1.5644 with insignificant volumes.Doji and spinning top pattern candles occurred at 1.5743 and 1.5606 levels...

Aussie on verge of a big break out

Jul 03, 2015 10:42 am UTC| Insights & Views

Aussie seems ready to join commodity currency rout, which has rattled its neighbor New Zealand Dollar this year already. Aussie is down more than 1.25% against dollar today so far and further drop seems likely over the...

Kiwi’s record weekly losing stretch makes RBNZ top forecaster

Jul 03, 2015 10:25 am UTC| Insights & Views

New Zealand Dollar, on its way to continue longest weekly decline on record, which now stretched for 11th straight week. This week it is down almost 2.5% against dollar. This has made Kiwi, the worst performing currency...

Dollar looks well bid against pound heading into weekend

Jul 03, 2015 09:45 am UTC| Insights & Views

Another better economic dockets from UK and another dull performance from pound, as dollar looks well bid against pound as crucial weekend approaches. UK services PMI came at 58.5 compared to 56.5 prior and 57.5...

FxWirePro: Expect downtrend in EUR/JPY; Mitigate downside risks via PRBS

Jul 03, 2015 08:33 am UTC| Insights & Views

Currency Derivatives Insights: (EURJPY)Hedge this pairs potential slumps through deploying option strategy (Put Ratio back Spread) as weekly technical charts suggest bearish bias.%D line crossover above 80 levels on slow...

Chinese sell offs worst since 2008 crisis

Jul 03, 2015 08:23 am UTC| Insights & Views

Chinese economy and the stock market, both having worst time since 2008 crisis. Today Chinese services PMI dropped to 51.8 in June, which is worst since February this year. While services PMI is still on expansionary...

FxWirePro: Buy EUR/JPY binary calls for targets at 136.4470

Jul 03, 2015 07:29 am UTC| Insights & Views

The final services the euro area are also released at 56.1 quite below than forecasted numbers at 58. But this does not seem to impact much adversely on Euro as the PMIs for France, Germany are all expected to be unchanged...

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Economy

Trump Threatens 100% Tariffs on Countries Imposing Digital Services Taxes on U.S. Tech Firms

U.S. President Donald Trump announced on Friday that the United States will impose a 100% tariff on imports from any country that enforces digital services taxes (DSTs) on American technology companies, significantly...

US Dollar Slips After PCE Inflation Data as Fed Rate Hike Expectations Stay Elevated

The U.S. dollar edged lower on Friday, extending its decline for a second consecutive session after a six-day winning streak pushed the greenback to its strongest level since May 2025. Despite the modest pullback, the...

Gold Price Ends Lower for Fourth Week Despite Rebound as Fed Rate Hike Bets Strengthen

Gold prices rebounded more than 1% on Friday but still finished the week in negative territory, as renewed expectations of Federal Reserve interest rate hikes and a stronger U.S. dollar continued to pressure the precious...

Wall Street Ends Lower as AI Stocks Drag Markets, Fed Rate Outlook Shifts

Wall Street closed slightly lower on Friday, capping a difficult week for U.S. equities as technology stocks led the decline. With geopolitical tensions easing following diplomatic progress in the Middle East and oil...

South Korea’s KOSPI Plunges as Apple Price Hikes and OpenAI IPO Delay Shake AI Chip Stocks

South Koreas benchmark KOSPI index suffered a steep selloff on Friday as investors dumped technology and semiconductor stocks following Apples latest price increases and reports that OpenAI may delay its highly anticipated...

Politics

US Seizes Nearly 400 Illegal World Cup Streaming Domains in Global Anti-Piracy Crackdown

U.S. authorities have seized nearly 400 internet domains that were allegedly used to illegally stream FIFA World Cup matches, marking one of the largest anti-piracy enforcement actions tied to the global soccer tournament....

Iran Revolutionary Guards Claim Strike on U.S. Military Positions After Fresh U.S. Attack

Irans Islamic Revolutionary Guard Corps (IRGC) announced on Saturday that it had targeted U.S. military positions across the region in retaliation for what it described as a fresh U.S. military strike against Iran,...

Texas Approves Bible-Inclusive Reading Lists for Public Schools Starting in 2030

Texas has approved new mandatory reading lists for public school students that include passages from the Bible, marking the latest move by state leaders to incorporate conservative and religious values into public...

US Strikes Iran After Strait of Hormuz Attack as Ceasefire Tensions Escalate

The United States launched military strikes against Iran on Friday following an Iranian drone attack on a commercial cargo vessel in the Strait of Hormuz, further escalating tensions despite a ceasefire agreement reached...

NATO Strengthens Arctic Defense as Russia Expands Military Presence

As NATO ramps up efforts to reinforce its Arctic defenses, alliance members are investing in military capabilities to counter Russias growing presence in the strategically important High North. The initiative comes as...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

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...

Technology

Italy Investigates Microsoft Over Microsoft 365 AI Subscription Price Hike

Italys antitrust authority has launched an investigation into Microsoft over allegations of unfair commercial practices tied to the pricing changes for its Microsoft 365 subscription service. The probe focuses on whether...

SpaceX, Charter Communications Explore Mobile Partnership to Expand Starlink Wireless Service

SpaceX and Charter Communications are reportedly in executive-level discussions about forming a strategic partnership that could accelerate the expansion of consumer mobile services across the United States. According to a...

OpenAI IPO Delay Weighs on SoftBank Shares as AI Valuation Concerns Grow

SoftBank Group (TYO:9984) shares tumbled sharply on Friday after a report suggested that OpenAI is considering postponing its highly anticipated initial public offering (IPO), delaying what many investors had expected to...

Apple Supplier Stocks Slide as Samsung, SK Hynix Lead Selloff After Apple Price Hikes

Apples major Asian suppliers came under heavy selling pressure on Friday after the iPhone maker announced significant price increases for its MacBook and iPad lineup, fueling concerns that rising semiconductor costs are...

Samsung, SK Hynix to Unveil Record AI and Semiconductor Investment Plans Worth Over $646 Billion

South Korean technology giants Samsung Electronics and SK Hynix are preparing to unveil sweeping long-term investment strategies centered on semiconductors, artificial intelligence (AI), and next-generation technologies,...