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FxWirePro: Chinese yuan remains almost unchanged after CPI, PPI data

Aug 09, 2019 07:14 am UTC| Technicals

USD/CNY is currently trading around 7.0498 marks. It made intraday high at 7.0520 and low at 7.0436 levels. Intraday bias remains slightly bullish for the moment. A sustained close above 7.0457 marks will...

FxWirePro: USD/INR slips below 70.50 mark, downside limited

Aug 09, 2019 06:04 am UTC| Technicals

USD/INR is currently trading around 70.47 marks. It made intraday high at 70.53 and low at 70.43 marks. Intraday bias remains neutral till the time pair holds key support at 70.32 mark. Key resistances are...

FxWirePro: GBP/JPY Inverse Saucer Intensifies Major Downtrend – Trade One-Touch Puts and Uphold Short Hedges

Aug 09, 2019 06:01 am UTC| Technicals

GBPJPYbears have constantly been sliding below DMAs, the interim bulls attempt to bounce back with hammer pattern but restrained below 7DMAs. We could foresee more slumps on the cards upon bearish DMA MACD crossovers and...

Crypto Technicals: XMR/USD capped at daily cloud, retrace below 50-DMA (91.20) could see further downside

Aug 09, 2019 05:51 am UTC| Technicals Digital Currency

XMR/USD chart - Trading View Exchange - Kraken Support: 91.20 (50-DMA); Resistance: 98.19 (cloud base) Technical Analysis: Bias Neutral Monero was trading weaker for the second straight session. Bias is turning...

FxWirePro: Gold Daily Outlook

Aug 09, 2019 04:55 am UTC| Technicals

Major intraday support - $1480 Gold is consolidating between $1510 and $1490 after hitting multiyear high due to the US-China trade war and declining yield. US 10 year yield moved higher after a steep fall of more than...

FxWirePro: USD/TWD fails to break key support at 31.20 mark, bias remains slightly bullish

Aug 09, 2019 04:26 am UTC| Technicals

USD/TWD is currently trading around 31.27 marks. It made intraday high at 31.32 and low at 31.24 marks. Intraday bias remains slightly bullish till the time pair holds key support at 31.20 mark. A daily...

FxWirePro: Nikkei trades higher on strong US market recovery, good to buy on dips  

Aug 09, 2019 04:22 am UTC| Technicals

Major resistance 21000 Major support- 20200 Nikkei is trading flat after more than 4% jump from low of 19923 following footsteps of Wall Street. US markets recovered more than 6% after huge-sell off due to the...

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Economy

Goldman Sachs: US Dollar Likely to Stay Strong Despite Oil Price Retreat

The U.S. dollar is expected to remain well-supported in the near term despite the recent decline in oil prices, according to a new Goldman Sachs analysis. While lower crude prices have eased concerns about a severe global...

Russia Stocks End at Six-Month Low as MOEX Index Stalls, Gold Surges and Oil Retreats

Russian stocks closed mixed on Saturday, with the MOEX Russia Index finishing flat at 0.00% and touching its lowest level in six months. Investor sentiment remained cautious as gains in select stocks were offset by...

Carney and Macron Strengthen Canada-France Defense Ties Amid US Trade Uncertainty

Canadian Prime Minister Mark Carney and French President Emmanuel Macron have agreed to expand defense and industrial cooperation, reinforcing Canadas growing partnership with Europe as trade tensions with the United...

IMF Advances Ukraine Loan Program, Clears $690M Disbursement

The International Monetary Fund (IMF) has reached a staff-level agreement with Ukraine following the latest review of the countrys $8.1 billion loan program, paving the way for a new disbursement of approximately $690...

Oil Prices Fall as U.S.-Iran Peace Deal Hopes Ease Supply Concerns

Global oil prices dropped sharply on Friday and were set for significant weekly losses as growing optimism surrounding a potential U.S.-Iran peace agreement raised expectations that the Strait of Hormuz could soon reopen,...

Politics

Senior Haitian Security Official Kidnapped as Gang Violence Escalates in Port-au-Prince

A senior Haitian government and police official has been kidnapped in Port-au-Prince, marking one of the most significant abductions of a high-ranking figure in Haiti in recent years amid the countrys worsening security...

Taiwan Launches Intelligence Tip Website Targeting Chinese Informants

Taiwan has launched a new website aimed at encouraging Chinese citizens to share intelligence-related information, marking a significant development in cross-strait tensions between Taiwan and China. The initiative,...

U.S.-Iran Peace Framework Nears as Strait of Hormuz Reopening Takes Center Stage

The United States and Iran appear to be moving closer to a long-awaited framework agreement aimed at ending months of conflict, although uncertainty remains over the timing of a formal signing. U.S. President Donald Trump...

Trump Says U.S.-Iran Deal Could Be Signed Sunday as Tehran Signals More Talks Needed

U.S. President Donald Trump said on Saturday that a peace agreement with Iran is expected to be signed on Sunday, potentially leading to the immediate reopening of the Strait of Hormuz, a critical global oil shipping...

Trump Names James McDonald as New SDNY U.S. Attorney

President Donald Trump announced on Saturday that he intends to appoint James McDonald as the next U.S. Attorney for the Southern District of New York (SDNY), replacing Jay Clayton in one of the nations most influential...

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

SpaceX IPO Sparks Market Optimism as Shares Surge 19% on Trading Debut

SpaceX delivered one of the most significant stock market debuts in recent years, boosting investor confidence and signaling strong demand for high-growth companies despite recent market volatility. The aerospace giant,...

AI Memory Boom Sparks Global Chip Supply Crunch

The rapid expansion of artificial intelligence (AI) infrastructure is creating a structural shortage in the global memory chip market, according to a recent Morgan Stanley report. The investment bank warns that soaring...

Anthropic Restricts Global Access to AI Models After U.S. Security Review

Anthropic has suspended access to its advanced AI models, Fable 5 and Mythos 5, for users outside the United States following new U.S. export restrictions, according to a Wall Street Journal report. The decision highlights...

SpaceX IPO Set for Explosive Debut as Valuation Tops $2.2 Trillion

SpaceX is poised for one of the most historic stock market debuts ever, with shares expected to open nearly 30% above their initial public offering (IPO) price. According to preliminary Nasdaq data, SpaceX stock (NASDAQ:...

Meta AI Strategy Faces Challenges as Zuckerberg Admits Mistakes in Internal Memo

Meta CEO Mark Zuckerberg has acknowledged that the company has made mistakes during its ongoing artificial intelligence (AI) transformation, according to an internal memo obtained by Reuters. In the memo, Zuckerberg...
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