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FxWirePro: GBP/JPY trades lower, good to sell on rallies

Aug 03, 2018 06:04 am UTC| Technicals

GBP/JPY has lost more than 130 pips yesterday after BOE monetary policy. BOE has hiked interest rates by 25bpbs and more dovish comment from governor Carney has dragged the pound sterling lower.Cable has lost almost more...

FxWirePro: GBP/AUD Bears Shrug-off BoE Hikes, Sharp Gravestone Doji and Shooting Star Counter Dragonfly – One Touch Put for Short-Term Trade

Aug 03, 2018 05:48 am UTC| Technicals

GBPAUD forms back-to-back bearish patterns at 1.7817 and 1.7822 levels, consequently, bears managed to plummet prices below EMA (refer weekly chart). While the consolidation phase in the intermediate trend seems...

FxWirePro: USD/INR back above 68.50 mark, bias remains bullish

Aug 03, 2018 05:23 am UTC| Technicals

USD/INR is currently trading around 68.55 marks. It made intraday high at 68.64 and low at 68.46 marks. Intraday bias remains slightly bullish till the time pair holds key support at 68.15 mark. Key...

FxWirePro: Gold trades lower as US dollar hits 2-week high, markets eye US non farm payroll data

Aug 03, 2018 03:41 am UTC| Technicals

Overall trend - bearish Gold has lost more than $15 in yesterdays trading as US dollar index hits 2 week high. The yellow metal hits low of $1206.64 at the time of writing. The rising trade tensions and hawkish US Fed...

FxWirePro: Chinese yuan weakens past 6.87 mark, PBOC sets yuan mid-point at 6.8322

Aug 03, 2018 03:37 am UTC| Technicals

USD/CNY is currently trading around 6.8691 marks. It made intraday high at 6.8747 and low at 6.8379 levels. Intraday bias remains bullish for the moment. A sustained close above 6.8379 marks will test key...

FxWirePro: Nikkei Daily Outlook

Aug 03, 2018 03:11 am UTC| Technicals

Asian markets are trading slightly higher following the trend of wall street. The renewed trade war tensions between US and China is putting pressure on equity markets. US markets closed slightly higher mainly led by tech...

FxWirePro: USD/THB continues to trade in rigid boundaries, more sideways movement likely

Aug 03, 2018 02:51 am UTC| Technicals

USD/THB is currently trading around 33.33 marks. It made intraday high at 33.35 and low at 33.28 marks. Intraday bias remains neutral for the moment. On the top side, key resistances are seen at 33.40,...

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Economy

China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices

Chinas central bank has continued to strengthen its gold reserves, extending its buying streak to a 15th consecutive month in January, according to the latest data released by the Peoples Bank of China (PBOC). The move...

Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal

President Donald Trump has signed a landmark executive order removing the 25% penalty tariff on Indian goods, signaling a major shift in U.S.India trade relations and global geopolitical alignment. The move functions as...

Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran

U.S. President Donald Trump has signed a new executive order that could impose tariffs of up to 25% on countries that continue to do business with Iran, marking a significant escalation in Washingtons pressure campaign...

U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains

The United States and India have taken a significant step toward a long-anticipated bilateral trade agreement by releasing an interim trade framework aimed at lowering tariffs, reshaping energy ties, and strengthening...

Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility

U.S. stocks surged on Friday, posting their strongest session since May 2025, as investors regained confidence following a turbulent week marked by sharp losses in technology shares and uncertainty around the artificial...

Politics

Ohio Man Indicted for Alleged Threat Against Vice President JD Vance, Faces Additional Federal Charges

A federal grand jury has returned an indictment against a 33-year-old Ohio man accused of threatening to kill U.S. Vice President JD Vance during the vice presidents visit to the Ohio region in January, according to the...

New York Legalizes Medical Aid in Dying for Terminally Ill Patients

New York has officially joined a growing number of U.S. states allowing medical aid in dying after Governor Kathy Hochul signed landmark legislation into law on Friday. The new New York medical aid in dying law permits...

Trump Says “Very Good Talks” Underway on Russia-Ukraine War as Peace Efforts Continue

U.S. President Donald Trump said on Friday that very good talks are ongoing regarding Russias war in Ukraine, signaling potential movement in long-running diplomatic efforts to end the conflict. Speaking briefly to...

China Warns US Arms Sales to Taiwan Could Disrupt Trump’s Planned Visit

China has issued a strong warning to the United States, signaling that any additional arms sales to Taiwan could seriously jeopardize U.S. President Donald Trumps planned visit to China in April. According to a report...

Trump Allows Commercial Fishing in Protected New England Waters

U.S. President Donald Trump has signed a proclamation permitting commercial fishing in a previously restricted marine protected area off the coast of New England, a move that has sparked renewed debate over ocean...

Science

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

Technology

Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge

Nvidia (NASDAQ: NVDA) CEO Jensen Huang reaffirmed his bullish stance on artificial intelligence, calling the massive capital expenditure flowing into AI infrastructure both appropriate and necessary as the industry...

Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate

Amazon.com (NASDAQ:AMZN) delivered a mixed but closely watched earnings report, beating Wall Street expectations on revenue while unveiling a massive long-term investment plan that unsettled investors. The e-commerce and...

Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch

Major PC manufacturers including HP, Dell, Acer, and Asus are reportedly exploring the option of sourcing memory chips from Chinese semiconductor companies for the first time, as a prolonged global supply crunch continues...

OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering

OpenAI is significantly accelerating its enterprise AI strategy by hiring hundreds of new employees for its technical consulting division, according to a report by The Information, citing a person familiar with the...

SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off

SoftBank Group Corp. (TYO:9984) shares tumbled sharply on Thursday, tracking a steep decline in Arm Holdings (NASDAQ:ARM) after the UK-based chip designer reported weaker-than-expected earnings for the December quarter....