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FxWirePro: Major pair levels and bias summary

Aug 12, 2020 17:01 pm UTC| Technicals

Major pair levels and bias...

FxWirePro: CADJPY holds above trend line resistance, jump till 81.90 likely

Aug 12, 2020 16:49 pm UTC| Technicals

Ichimoku Analysis (4-hour chart) Tenken-Sen- 80.04 Kijun-Sen- 79.78 As per our analysis, CADJPY is trading higher and holding well above trend line resistance 80.15 on the strong Canadian dollar. The...

FxWirePro: Daily Commodity Tracker - 12th August, 2020

Aug 12, 2020 14:47 pm UTC| Technicals

Daily Commodity...

FxWirePro: Copper holds Wedge base support, further weakness only on break below

Aug 12, 2020 14:06 pm UTC| Technicals

Copper chart - Trading View Copper erases early losses and was trading 0.39% higher at 2.85 at around 13:40 GMT. Price action extends in Rising Wedge pattern. Pullback is holding support at wedge base. RSI is...

FxWirePro: USD/SEK retreats from 1-week peak, fails to break above 8.800

Aug 12, 2020 12:38 pm UTC| Technicals

The Swedish Krona retreated from an over 1-week low following the release of upbeat economic data. Swedens consumer price inflation rate declined to 0.5 percent in July from a 4-month high of 0.7 percent in June but...

FxWirePro: Norwegian Krone rallies as crude oil rises on bigger-than-expected drop in U.S. crude stocks

Aug 12, 2020 11:56 am UTC| Technicals

The Norwegian Krone rose, extending previous session gains as oil prices surged, while the greenback weakened against a basket of currencies. Crude oil prices surged, reversing some of its previous session losses...

FxWirePro: USD/DKK halts 3-day wining streak, dip till 6.300 likely

Aug 12, 2020 10:52 am UTC| Technicals

The Danish Krone retreated from an over 1-week trough hit earlier in the session as the greenback declined across the board. The dollar index eased after a top U.S. Senate official said negotiations in Congress on an...

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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....