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FxWirePro: Sell FTSE100 on rallies

Aug 21, 2020 17:11 pm UTC| Technicals

Ichimoku Analysis (4-hour chart) Tenken-Sen- 6065 Kijun-Sen- 6155 FTSE100 has shown a minor recovery after better than expected UK PMI data. The UK services PMI came at 60.1 compared to an estimate of 57, the...

FxWirePro: Turkish Lira at 1-week peak ahead of Erdogan’s announcement

Aug 21, 2020 11:21 am UTC| Technicals

The Turkish Lira surgedto a 1-week peak ahead of President Tayyip Erdogans announcement. The lira is down 19 percent this year, among the worlds worst performers. The economy is expected to contract in 2020 due...

FxWirePro: Swedish Krona plunges to 1-week trough on soft capacity utilization figures

Aug 21, 2020 10:36 am UTC| Technicals

The Swedish Krona declined to an over 1-week low following the release of downbeat capacity utilization data. Swedens industries operated at 82.8 percent of their production capacity in Q2 2020, the lowest since the...

FxWirePro: EUR/GBP hits 5-week lows at 0.8944, outlook bearish

Aug 21, 2020 10:27 am UTC| Technicals

EUR/GBP chart - Trading View EUR/GBP was trading 0.04% higher on the day at 0.8978 at around 10:18 GMT, outlook is bearish. The pair slumped lower on the day to hit 5-week lows below 0.90 handle after UK Retail Sales...

FxWirePro: USD/NOK near 1-week peak, major resistance at 20-EMA

Aug 21, 2020 09:56 am UTC| Technicals

The Norwegian Krone declined, hoverng towards a 1-week trough hit in the prior session, as oil prices slumped on sluggish coronavirus recovery. Crude oil price declined, extending previous session losses amid a slow...

FxWirePro: USDCHF Daily Outlook

Aug 21, 2020 09:40 am UTC| Technicals

Ichimoku Analysis (4-hour chart) Tenken-Sen- 0.91114 Kijun-Sen- 0.90857 USDCHF has halted its minor bullish trend and lost 100 pips from minor top 0.91616. The decline came after weaker than expected...

FxWirePro: USD/DKK near 1-week peak, faces resistance at 21-DMA

Aug 21, 2020 08:45 am UTC| Technicals

The Danish Krone declined, hovering towards a 1-week low hit in the prior session, following the release of downbeat consumer confidence figures. The Danish consumer confidence index declined to -5.5 in August from...

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Economy

Goldman Sachs Sees U.S. Dollar Holding Firm as Strong Economic Data Supports Outlook

Goldman Sachs expects the U.S. dollar to remain supported by strong economic fundamentals, although improving global risk sentiment and resilient foreign currencies may limit additional gains. The bank noted that recent...

Canada-Indonesia Trade Pact Gains Momentum as Carney and Prabowo Discuss Economic Cooperation

Canadian Prime Minister Mark Carney and Indonesian President Prabowo Subianto held talks on Saturday to discuss the ongoing conflict in the Middle East and its potential effects on global energy markets and the broader...

US Weighs Using Frozen Iranian Assets to Rebuild Gulf Infrastructure After Regional Attacks

The United States is reportedly considering a plan to redirect frozen Iranian assets to help Gulf allies rebuild infrastructure damaged in recent attacks linked to Tehran, according to a Reuters report published on...

US-Iran Gulf Clash Raises Oil Market and Defense Stock Concerns

A fresh military confrontation between the United States and Iran has intensified concerns over global oil supplies, defense sector performance, and Middle East security. According to reports citing U.S. Central Command...

Oil Prices Slip but End Two-Week Losing Streak as Middle East Tensions Persist in 2026

Global oil prices moved lower on Friday after operations resumed at Omans key Mina al Fahal oil terminal following reports of a drone-related incident. Despite the daily decline, both Brent crude and West Texas...

Politics

MOL Gets More Time to Negotiate Acquisition of Russian-Owned Stake in Serbia’s NIS

Hungarian energy giant MOL has received additional time from the United States government to continue negotiations over the potential acquisition of a majority stake in Serbias oil company NIS, a deal that would reduce...

Princess Anne’s Son Peter Phillips Marries Harriet Sperling at Royal Wedding in England

Peter Phillips, the eldest grandson of the late Queen Elizabeth II, married pediatric nurse Harriet Sperling in a private royal wedding ceremony attended by King Charles III and several senior members of the British royal...

US-Iran Conflict Escalates After Strait of Hormuz Drone Incident

The United States and Iran moved closer to a broader confrontation after U.S. forces struck Iranian coastal radar and surveillance facilities following the interception of drones near the Strait of Hormuz. According to...

France, Allies Prepare Coordinated Sanctions Over West Bank Settler Violence

France is working with several partner countries to increase pressure on Israel by advancing coordinated national sanctions against individuals accused of involvement in violence in the occupied West Bank. According to...

Gaza Ceasefire Talks Resume as Israeli Strike Kills Seven Palestinians

An Israeli airstrike killed at least seven Palestinians, including two women, in Gaza City on Saturday, according to local health officials, as renewed Gaza ceasefire talks began in Cairo aimed at preserving the fragile...

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

Bouygues, Orange and Iliad Strike €20.35 Billion Deal to Acquire SFR

Frances telecom sector is on the verge of a major transformation after Bouygues Telecom, Orange, and Free, part of the Iliad Group, signed a memorandum of understanding (MoU) with Altice France to acquire telecom operator...

Apollo and Blackstone Complete $35 Billion Anthropic AI Infrastructure Financing Deal

Apollo Global Management (NYSE: APO) and Blackstone (NYSE: BX) have completed a landmark $35 billion financing package for artificial intelligence company Anthropic, marking one of the largest private credit transactions...

US Officials Explore AI Company Equity Stakes Ahead of OpenAI and Anthropic IPO Plans

Senior U.S. government officials have reportedly held preliminary discussions with leading artificial intelligence companies regarding the possibility of the federal government acquiring equity stakes in their businesses....

Switch Eyes Multi-Billion-Dollar Funding Round at $50 Billion Valuation Ahead of Potential IPO

Data center operator Switch is reportedly in discussions to raise billions of dollars in a new funding round that could value the company at more than $50 billion, according to a report from The Information. The potential...

South Korea Weighs AI Profit Sharing as Samsung and SK Hynix Earnings Surge

South Koreas Labor Minister Kim Young-hoon has called for a national discussion on how to distribute the extraordinary profits generated by the countrys booming artificial intelligence (AI) and semiconductor industries....
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