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FxWirePro: Taiwanese dollar remains almost unchanged after manufacturing PMI data, stay bearish only below 30.87 mark

Jul 01, 2019 02:00 am UTC| Technicals

USD/TWD is currently trading around 30.95 marks. It made intraday high at 31.02 and low at 30.90 marks. Intraday bias remains neutral till the time pair holds key support at 30.89 mark. A daily close above...

FxWirePro: South Korean won strengthens in early Asia after mixed economic data

Jul 01, 2019 01:23 am UTC| Technicals

EUR/KRW is currently trading around 1,307 mark. It made intraday high at 1,313 and low at 1,306 levels. Intraday bias remains bearish till the time pair holds key resistance at 1,318 mark. A sustained close...

CADJPY trades well above 55- day EMA, jump till 83.35 likely

Jun 28, 2019 13:36 pm UTC| Technicals

Major trend reversal level: 81.85-82.08 (55- day EMA and Jun 11th high) As per our analysis, CADJPY is trading higher and closed above 55- day EMA for the second consecutive day. It hits 5 -week high after the...

FxWirePro: USDCAD hits multi-month low on better than expected Canadian GDP, good to sell on rallies

Jun 28, 2019 13:07 pm UTC| Technicals

USDCAD is trading weak and lost more than 50 pips from yesterdays high. The pair hits 5month after the release of Canadian GDP data Canadian Apr GDP came at 0.3% compared to forecast of 0.2% and y/y reading came at 1.5% vs...

FxWirePro: AUD/JPY consolidates break above 4H 200-SMA, hovers around 23.6% Fib

Jun 28, 2019 12:42 pm UTC| Technicals

AUD/JPY chart - Trading View AUD/JPY trades rangebound on the day, hovers around 23.6% Fib. The pair is consolidating break above 4H 200-SMA before the next leg higher. Technical indicators support further upside...

Crypto Technicals: IOT/USD recovery capped at 55-EMA at 0.41, intraday bias bearish

Jun 28, 2019 11:25 am UTC| Digital Currency Technicals

IOT/USD chart - Trading View Exchange - Bitfinex Support: 0.3832 (110-EMA); Resistance: 0.4323 (21-EMA) Technical Analysis: Bias Bearish IOT/USD recovers from new monthly lows at 0.3748, bias remains...

FxWirePro: CHF/JPY Daily Outlook

Jun 28, 2019 10:58 am UTC| Technicals

Major support - 109.44 (55- day EMA) CHFJPY is consolidating after 100 pips jump in the past two days. Markets are trading in a cautious tone ahead of the G20 meeting. The minor jump from 109.44 came after positive...

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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

G7 Summit Protest in Geneva Turns Violent as Demonstrators Clash with Police

Thousands of protesters took to the streets of Geneva on Sunday ahead of the G7 Summit in neighboring France, with demonstrations escalating into violent clashes between activists and police. Authorities deployed tear gas...

Mark Carney Celebrates Irish Roots and Calls for Stronger Canada-EU Cooperation

Canadian Prime Minister Mark Carney visited his ancestral home in western Ireland on Sunday, reconnecting with distant relatives and highlighting the importance of stronger international partnerships amid growing global...

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...

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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