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Mon, Dec 22, 2025 09:49 AM All times are UTC

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FxWirePro: NZD/USD forms triple top in major trend, minor trend slides through sloping channel – Trade tunnel spreads and short hedge

May 21, 2018 07:47 am UTC| Technicals

As you could refer daily plotting of NZDUSD, the minor trend has been sliding through sloping channel. Where the bears resume at the channel resistance, the occurrence of shooting stars at this juncture signals...

FxWirePro: Gold trades lower on strong US dollar, good to sell on rallies

May 21, 2018 06:59 am UTC| Technicals

Gold prices was trading weak in previous week and has declined almost $40 from the high of $1322 on account of rising US 10 year bond yield and US dollar. US 10 year bond yield jumped more than 6% in previous week and hits...

FxWirePro: USD/CNY hits fresh 4-month high at 6.3835 mark, PBOC sets yuan mid-point at 6.3852

May 21, 2018 06:46 am UTC| Technicals

USD/CNY is currently trading around 6.3831 marks. It made intraday high at 6.3835 and low at 6.3764 levels. Intraday bias remains bullish till the time pair holds key support at 6.3510 mark. A sustained...

FxWirePro: EUR/NZD hovers around 50-DMA at 1.7006, further weakness only on decisive break below

May 21, 2018 06:14 am UTC| Technicals

EUR/NZD retraces from session lows at 1.6970, retakes 50-DMA at 1.7006. The pair is trading 0.16% higher on the day at 1.7035 levels and we see further weakness only on decisive break below 50-DMA. Upside remains...

FxWirePro: Nikkei trades higher as US-China trade war on hold, good to buy on dips

May 21, 2018 05:57 am UTC| Technicals

Asian markets were trading higher on Monday as US China trade war negotiations on hold.US Trade Secretary Steven Mnuchin said on Sunday that We are putting the trade war on hold .Right now we have agreed to put the tariffs...

FxWirePro: Indian rupee falls gradually against U.S. dollar, hits lowest level since January 2017

May 21, 2018 05:54 am UTC| Technicals

USD/INR is currently trading around 68.16 marks. It made intraday high at 68.22 and low at 68.04 marks. Intraday bias remains bullish till the time pair holds key support at 67.77 mark Key resistances are...

FxWirePro: AUD/JPY buoyed by risk-on, break above 110-EMA (83.84) to see further upside

May 21, 2018 04:36 am UTC| Technicals

AUD/JPY buoyed as markets turn risk-pro after Chinese and American negotiators set up a framework to address the trade imbalances. Yen drops in Asia on easing US-China trade tensions as China and US agreed to halt...

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Economy

Why U.S. Coffee Prices Are Staying High Despite Trump’s Tariff Rollbacks

U.S. coffee drinkers hoping for cheaper coffee after President Donald Trump rolled back key import tariffs are likely to be disappointed. While the tariff reductions removed duties on hundreds of food items, including...

UK Economy Grows 0.1% in Q3 2025 as Outlook Remains Fragile

The British economy recorded modest growth in the third quarter of 2025, expanding by 0.1% between July and September, according to the latest confirmation from the Office for National Statistics (ONS). The final GDP...

German Exports to the U.S. Decline Sharply as Tariffs Reshape Trade in 2025

German exports to the United States recorded a significant downturn in 2025, underscoring the lasting impact of U.S. trade policies on Europes largest economy. According to a study cited by Reuters, German car exports to...

China Keeps Benchmark Lending Rates Steady as Economic Outlook Remains Cautious

China has once again kept its benchmark lending rates unchanged, extending the pause in monetary policy adjustments to a seventh consecutive month in December, in line with broad market expectations. The Peoples Bank of...

Asian Stocks Rise as Wall Street Tech Rally Lifts Markets, Yen Slumps Despite BOJ Rate Hike

Asian share markets moved higher at the start of the week, following strong tech-led gains on Wall Street, while the Japanese yen continued to weaken sharply against major currencies despite a significant interest rate...

Politics

Trump Appoints Louisiana Governor Jeff Landry as Special Envoy to Greenland

U.S. President Donald Trump announced on Sunday that Louisiana Governor Jeff Landry has been appointed as a special envoy to Greenland, a move that has reignited global attention on the strategic Arctic territory and its...

ASEAN Pushes to Revive Thailand–Cambodia Ceasefire as Border Conflict Intensifies

Southeast Asian foreign ministers convened in Malaysia on Monday in a renewed diplomatic effort to restore a fragile ceasefire between Thailand and Cambodia after nearly two weeks of intense border fighting. The conflict,...

NSW Parliament Recalled After Bondi Beach Shooting to Debate Stricter Gun Laws and Protest Limits

Australias New South Wales state parliament was recalled on Monday for an urgent two-day session to debate proposed new laws that would significantly tighten firearm ownership, ban the public display of terror symbols, and...

U.S. Coast Guard Pursues Sanctioned Oil Tanker Near Venezuela Amid Rising Geopolitical Tensions

The U.S. Coast Guard is actively pursuing a sanctioned oil tanker in international waters near Venezuela, according to U.S. officials cited by Reuters, marking what could become the third such operation in less than two...

Niigata Set to Approve Restart of Japan’s Largest Nuclear Power Plant in Major Energy Shift

Japan is approaching a pivotal moment in its post-Fukushima energy policy as the Niigata regional assembly is expected to endorse the restart of the Kashiwazaki-Kariwa nuclear power plant, the largest nuclear facility in...

Science

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...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Technology

Italy Fines Apple €98.6 Million Over App Store Dominance

Italys competition authority has imposed a 98.6 million ($115.53 million) fine on U.S. technology giant Apple and two of its subsidiaries, citing alleged abuse of a dominant market position related to the distribution of...

Moore Threads Unveils New GPUs, Fuels Optimism Around China’s AI Chip Ambitions

Moore Threads Technology Co Ltd (SS:688795), often described as Chinas potential alternative to NVIDIA Corporation (NASDAQ: NVDA), attracted investor attention after unveiling a new lineup of graphics processing units at...

U.S. Lawmakers Urge Pentagon to Blacklist More Chinese Tech Firms Over Military Ties

A group of nine Republican U.S. lawmakers has formally urged the Pentagon to expand its list of Chinese companies accused of supporting Chinas military, intensifying scrutiny of Beijing-linked technology firms amid rising...

Dina Powell McCormick Resigns From Meta Board After Eight Months, May Take Advisory Role

Dina Powell McCormick has resigned from Meta Platforms board of directors effective immediately, just eight months after joining the social media company, Meta confirmed on Friday. The unexpected departure comes at a time...

TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement

TikTok has taken a major step toward securing its future in the United States after its Chinese parent company, ByteDance, announced it has signed binding agreements with three major investors to form a new joint venture...