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FxWirePro: Chinese yaun strengthens noticeably against U.S. dollar, hits fresh 7-month high at 6.6894

Feb 21, 2019 07:09 am UTC| Technicals

USD/CNY is currently trading around 6.7050 marks. It made intraday high at 6.7259 and low at 6.6894 levels. Intraday bias remains bearish till the time pair holds key resistance at 6.7510 marks. A sustained...

FxWirePro: EUR/GBP hammer supports interim bulls, shooting stars develops bears in range-bounded trend – Trade and hedge via ratio spreads

Feb 21, 2019 06:27 am UTC| Technicals

Technical chart and candlestick patterns:EURGBPbears have shown their bearish effects in a broader perspective after RSIs bearish divergence as stated in our previous post. While on 2H chart, the hammer has occurred at...

Gold: Bearish divergence and overbought

Feb 21, 2019 06:22 am UTC| Technicals

Gold has halted its 6 days of winning streak on account of profit booking. The yellow metal hits high of $1346.80 and lost nearly $10 from the high. It hits low of $1336.95 and is currently around $1338.82. In the...

FxWirePro: EUR/CAD hovers around major trendline support at 1.4925, weakness only on break below

Feb 21, 2019 06:16 am UTC| Technicals

EUR/CAD chart on Trading View used for analysis EUR/CAD is trading at 1.4960 at 0530 GMT, up 018% at the time of writing. The single currency is extending gains ahead of the euro area PMI data. The bid tone...

FxWirePro: USD/INR fails to break key support 70.87 mark, short term trend reversal likely

Feb 21, 2019 06:04 am UTC| Technicals

USD/INR is currently trading around 71.06 marks. It made intraday high at 71.11 and low at 70.87 marks. Intraday bias remains slightly bullish till the time pair holds key support at 70.87 mark. Key...

FxWirePro: EUR/GBP Trade Idea

Feb 21, 2019 04:33 am UTC| Technicals

EUR/GBP chart on Trading View used for analysis EUR/GBP Technical Analysis: Bias Bearish - Bearish 5-DMA crossover on 20-DMA, 5-DMA is sharply lower - Price action below cloud and major moving averages - Stochs and...

FxWirePro: Singapore dollar rises gradually against U.S. dollar, stay bearish

Feb 21, 2019 04:12 am UTC| Technicals

USD/SGD is currently trading around 1.3508 marks. It made intraday high at 1.3530 and low at 1.3507 levels. Intraday bias remains bearish till the time pair holds key resistance at 1.3538 mark. A daily close...

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Economy

Europe EV Demand Surges as Fuel Prices Rise Amid Iran Conflict

Rising fuel prices linked to the Iran conflict are accelerating demand for both new and used electric vehicles (EVs) across Europe, according to industry data shared with Reuters. While automakers are benefiting from...

German Industry Employment Falls to Lowest Level in a Decade

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Japan Signals Readiness to Intervene as USD/JPY Nears 161 Amid Yen Weakness

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Asian Currencies Stabilize as Dollar Holds Near Two-Month High After Fed Hawkish Signal

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Asian Stocks Rally as Japan and South Korea Reach Record Highs on US-Iran Peace Deal

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Politics

Trump’s Iran Strategy: What Has Been Achieved After Three Months of Conflict?

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Russia and Ukraine Exchange Strikes After Zelenskiy-Trump Talks

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South Korea’s Lee Jae Myung Strengthens Ties With Trump at G7 Summit, Discusses North Korea and Future Golf Meeting

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Trump-Iran Interim Agreement Extends Ceasefire as G7 Leaders Welcome Path to Peace

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Trump Questions USMCA Renewal as Trade Talks Continue

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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

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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

Google Gemini Co-Lead Noam Shazeer Leaves for OpenAI Amid AI Talent Race

Noam Shazeer, a vice president of engineering at Google and one of the leaders behind the companys Gemini artificial intelligence models, has announced that he is leaving Google to join OpenAI, the creator of ChatGPT. The...

SK Hynix Shares Hit Record High After Shipping Next-Generation HBM4E AI Memory Samples

SK Hynix Inc. saw its shares surge to an all-time high on Thursday after announcing the shipment of samples of its latest high-bandwidth memory (HBM) product, reinforcing its position as a leading supplier in the rapidly...

Apple Signals Product Price Hikes Amid Rising Memory Chip Costs

Apple may soon increase prices across some of its products as rising memory and storage chip costs continue to pressure the consumer electronics industry. In an interview with The Wall Street Journal, Apple CEO Tim Cook...

Chinese Social Media Giant Xiaohongshu Eyes Hong Kong IPO at Over $70 Billion Valuation

Chinese social media platform Xiaohongshu, internationally known as RedNote, is reportedly preparing for a Hong Kong initial public offering (IPO) that could value the company at more than $70 billion. According to a Wall...

Samsung Gains Interest from BYD, Google, AMD as AI Chip Demand Strains TSMC Capacity

Samsung Electronics is attracting growing attention from major global technology companies as demand for advanced semiconductor manufacturing continues to exceed available capacity at Taiwan Semiconductor Manufacturing Co....
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