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FxWirePro: USDCHF Daily Outlook

Aug 19, 2020 09:15 am UTC| Technicals

Ichimoku Analysis (4-hour chart) Tenken-Sen- 0.90388 Kijun-Sen- 0.90664 USDCHF continues to trade lower for 4th consecutive and lost more than 700 pips. The decline was mainly due to broad-based US...

FxWirePro: NZD/USD extends bounce off 50-DMA, scope for upside resumption

Aug 19, 2020 08:58 am UTC| Technicals

NZD/USD chart - Trading View NZD/USD was trading 0.50% higher on the day after closing 0.67% higher in the previous session. The pair is extending bounce off 50-DMA and technical indicators show scope for upside...

FxWirePro: Norwegian Krone hovers towards 7-month peak as crude oil gains on bigger-than-expected decline in U.S. crude stocks

Aug 19, 2020 08:50 am UTC| Technicals

The Norwegian Krone surged, hovering towards a 7-month peak scaled in the prior session as oil prices rose following a drop in U.S. crude inventories. Crude oil price surged as a bigger-than-expected drawdown in U.S....

FxWirePro: Buy GBPJPY on dips

Aug 19, 2020 08:12 am UTC| Technicals

Ichimoku Analysis (4-hour chart) Tenken-Sen- 139.18 Kijun-Sen- 139.40 GBPJPY recovered sharply after a minor dip till 138.67 on strong Pound Sterling. GBP surged past 1.250 against USD on the upbeat...

FxWirePro: USD/DKK consolidates near over 2-year low, investors eye FOMC minutes

Aug 19, 2020 07:35 am UTC| Technicals

The Danish Krone consolidated near an over 2-year peak as the greenback held firm near recent lows against a basket of currencies. The dollar index steadied near an over 2-year trough as investors await the release of...

FxWirePro: Gold Daily Outlook

Aug 19, 2020 06:56 am UTC| Technicals

Ichimoku Analysis (Hourly Chart) Tenken-Sen- $1998 Kijun-Sen- $1995 Gold declined more than $30 on profit booking after hitting a high of $2015. The intraday trend is bullish as long as support $1974...

FxWirePro: EUR/GBP slump post upbeat UK CPI finds strong support at 0.90 handle, consolidation likely at current levels

Aug 19, 2020 06:47 am UTC| Technicals

EUR/GBP chart - Trading View EUR/GBP was trading lower at 0.9007 at around 06:30 GMT, holds strong support at 0.90 handle. The British pound was buoyed after UK CPI data which beats estimates. However, another failed...

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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....