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Another month of 2018 as USD/TRY bulls’ uproar continues – FxWirePro’s hedging vehicles functioned productively on imminent bullish risks

Aug 13, 2018 11:58 am UTC| Research & Analysis Insights & Views

The stunning news among EMFX about an exponential process is: what seemed dramatic on Friday (the 14% depreciation in USDTRY and 14.45% in EURTRY) seems harmless in retrospective. This morning USDTRY opened over 6.4118...

FxWirePro: BCH/USD bulls bank on dragonfly doji, gravestone doji counters, trend slides through sloping channel – Stay short hedge

Aug 13, 2018 10:28 am UTC| Digital Currency Technicals Insights & Views

The price of BCHUSD pair is experiencing mild bullish swings amid major bearish trend. The minor trend of BCHUSD slides through falling wedge formation (refer daily chart). Dragonfly doji pattern candle has occurred at...

Indian tech tycoon TCS bets on blockchain synergy to drive revenue growth in FY 2018-19

Aug 13, 2018 09:50 am UTC| Research & Analysis Digital Currency Insights & Views Commentary

Indian IT giant TCS making abuzz in buzz world, relying on enhanced deployment of blockchain technology especially in the gamut of banking and financial operations. Well, TCS, has announced a robust earning prints in the...

Facebook is all for community, but what kind of community is it building?

Aug 13, 2018 09:28 am UTC| Insights & Views Technology

There are many of us who stand for bringing people together and connecting the world. I hope we have the focus to take the long view and build the new social infrastructure to create the world we want for generations to...

Liquidity major concern for crypto-derivatives markets, BitMEX also lists other cryptos after bitcoin and ethereum offerings

Aug 13, 2018 08:14 am UTC| Digital Currency Research & Analysis Insights & Views Commentary

Bitcoin Mercantile Exchange has been the worlds most advanced derivatives platform for bitcoin. The company renders wide ranges of services such as, commercial hedgers, bitcoin miners, and professional investors and...

FxWirePro: EUR/JPY mounting bearish hedging sentiments, CFTC positions and hedging strategies on ECB’s continued dovish stance

Aug 13, 2018 07:11 am UTC| Research & Analysis Insights & Views

Funds and real money accounts sold EUR and GBP, while trimming their JPY shorts slightly. These moves should have extended post the cut-off date, on concerns over impact of Turkeys crisis on EU banks and talks of a no-deal...

FxWirePro: TRY calls and RUB puts – Snippets of driving forces and trade radar of CEEMEA FX

Aug 10, 2018 13:32 pm UTC| Research & Analysis Insights & Views

Emerging market currencies are set to remain challenged by the risk of an escalating trade war, lower commodity prices and a stronger USD near-term and rising US rates and tighter US liquidity over the medium term....

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Economy

Central Banks Could Buy 20,000 Tonnes of Gold: BofA

Central banks may have significant capacity to continue buying gold even after several years of record demand, according to Bank of America (BofA). The bank estimates that institutions currently underweight in gold could...

UK Businesses Urge Government to Cut Electricity Levies

British businesses are pressing the government to remove levies from electricity bills as high energy costs put increasing pressure on energy-intensive sectors such as steel, chemicals and manufacturing, Bloomberg reported...

UK Economy Grows 0.4% in July, Beating Forecasts

Britains economy expanded by a stronger-than-expected 0.4% in July, maintaining solid momentum from the first half of 2026 despite economic pressures linked to the U.S.-Iran war, according to data released Friday by the...

US Treasury Yields Near 5% as Oil Fuels Inflation Fears

Global bond markets came under heavy selling pressure on Friday, pushing the U.S. 10-year Treasury yield close to the critical 5% threshold as soaring oil prices and expectations for higher interest rates intensified...

Global Central Banks Brace for More Rate Hikes as Inflation Risks Rise

Major global central banks are facing renewed pressure to raise interest rates as persistent inflation, resilient economic growth and rising energy prices complicate the monetary policy outlook. The European Central Bank...

Politics

Chinese Satellite Images Linked to Iran Strike on US Base

U.S. officials have connected high-resolution satellite imagery supplied to Iran by Chinese entities to a July missile attack on an American military base in Jordan that killed three U.S. troops, according to a Wall Street...

Trump Calls for Five-Year George Washington Smithsonian Exhibit

President Donald Trump called on the Smithsonian Institution to create a five-year exhibition honoring George Washington, while renewing criticism of the museum organizations approach to U.S. history. In a Truth Social...

Saudi Arabia Shuts East-West Oil Pipeline After Drone Attack

Saudi Arabia has temporarily shut its strategic East-West oil pipeline following a drone attack, adding fresh pressure to global energy supplies as the U.S.-Iran war disrupts major Middle East shipping routes. The...

Trump Open to Chinese Automakers Building Cars in US

President Donald Trump said Friday that he would be open to Chinese automakers establishing manufacturing plants in the United States, despite strong opposition from U.S. lawmakers and major auto companies. Speaking on Fox...

Lula Holds Narrow Lead Over Flavio Bolsonaro in Brazil Election Poll

Brazilian President Luiz Inacio Lula da Silva continues to hold a narrow advantage over Senator Flavio Bolsonaro in a potential runoff in Brazils October presidential election, according to a new Datafolha poll released...

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

OpenAI Agents Linked to RubyGems Cyberattack

OpenAIs AI agents were involved in a previously undisclosed cyber incident that disrupted RubyGems, a widely used software package distribution service, in May, according to a Wall Street Journal report. OpenAI confirmed...

Nvidia Eyes $10 Billion Investment in Anthropic IPO

Nvidia is reportedly in discussions to become an anchor investor in Anthropics planned initial public offering, with the AI chip giant potentially committing up to $10 billion to what could become the largest IPO in...

Optus Apologises After Network Outage Disrupts Emergency Calls

Optus has apologised to customers after a network outage disrupted voice services across several Australian states and affected some emergency calls, raising fresh concerns about the reliability of the countrys...

Enflame Shares Surge 200% in Shanghai AI Chip Debut

Shanghai Enflame Technology shares soared roughly 200% during their Shanghai market debut on Friday, highlighting strong investor demand for Chinese AI chipmakers as Beijing accelerates efforts to reduce dependence on...

OpenAI Weighs AI Development Slowdown Over Safety Risks

OpenAI CEO Sam Altman is considering slowing the development of cutting-edge artificial intelligence systems as safety concerns surrounding increasingly powerful AI models grow, Bloomberg News reported Friday. Altman...
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