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Mon, Dec 22, 2025 09:48 AM All times are UTC

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FxWirePro: USD/CHF downside capped by 20 –day MA, good to sell on rallies

May 18, 2018 12:55 pm UTC| Technicals

Major resistance 1.0060 USDCHF has shown a minor decline till 0.99575 and started to recover from that level. The pair almost formed almost a double top at 1.00560 and started to consolidate within narrow range. Any...

FxWirePro: EUR/NZD breaks below 20-DMA, on track to test 50-DMA at 1.70, stay short

May 18, 2018 12:05 pm UTC| Technicals

EUR/NZD extends slump below 20-DMA, on track to test 50-DMA at 1.70. The pair is trading in a rising channel pattern and is extending downside after rejection at channel top. The pair has formed a Shooting Star...

FxWirePro: GBP/JPY trade Idea

May 18, 2018 11:54 am UTC| Technicals

GBP/JPY is continuing its upward momentum and jumped almost 80 pips from Wednesday close. The pair has closed slightly above 200- day MA and this confirms minor trend reversal. It has jumped till jumped till 150 at the...

FxWirePro: EUR/USD Daily Outlook

May 18, 2018 11:51 am UTC| Technicals

EUR/USD is consolidating in narrow range and trading slightly weak 25 pips above 2018 low. The pair pared some of its gains in European session. The pair weakness was mainly due to rising US 10 year bond yield. The yields...

FxWirePro: EUR/GBP rejected at 50-DMA, edges lower from session highs at 0.8753

May 18, 2018 10:49 am UTC| Technicals

EUR/GBP recovery was rejected at 50-DMA, the pair slips lower from session highs at 0.8753. Daily cloud weighs heavily on the upside and we see further gains only on break above. The major is extending weakness...

FxWirePro: AUD/JPY extends 20-DMA breakout, eyes 110-EMA at 83.85, stay long

May 18, 2018 10:17 am UTC| Technicals

AUD/JPY breaks above 20-DMA resistance at 82.45, bias higher. The pair is trading largely unchanged on the day at 83.26 at the time of writing, down from session highs at 83.43. Technical indicators support...

FxWirePro: USD/CAD trades lower on positive Canada economic data and rising crude oil, good to sell on rallies

May 18, 2018 09:18 am UTC| Technicals

USD/CAD has shown a minor jump from the low of 1.27496 made yesterday on account of deadline passing to reach NAFTA deal. The pair hits high of 1.2845 at the time of writing and slowly declined due to rising oil prices. It...

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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...