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FxWirePro: USD/ZAR takes halt around 12.50 mark, short term trend reversal likely

Apr 26, 2018 06:55 am UTC| Technicals

USD/ZAR is currently trading around 12.41 levels. It made intraday high at 12.46 and low at 12.40 levels. Intraday bias remains neutral for the moment. A daily close above 12.43 will take the parity...

FxWirePro: EUR/JPY bulls seem rigid despite gravestone doji at stiff resistance, shooting star pop up at channel resistance – Trade boundary binaries and short hedge

Apr 26, 2018 06:22 am UTC| Technicals

Chart and candlestick pattern formed Shooting star, spinning top and gravestone doji pattern candles have occurred at stiff resistance levels of 133.087. Bulls shrugging off these bearish patterns as both the leading...

FxWirePro: NZD/CAD tests 200-DMA at 0.9063, break below to accentuate weakness

Apr 26, 2018 06:19 am UTC| Technicals

NZD/CAD slips below 0.91 handle, hits 11-week lows at 0.9060, bias bearish. The pair has broken below daily cloud and 100-DMA, and break below 200-DMA will accentuate weakness. Price action has broken below 200W...

FxWirePro: Nikkei hits fresh 2- month high on account of weak yen, good to buy on dips

Apr 26, 2018 05:56 am UTC| Technicals

Nikkei is continuing its third week of bullishness after hitting low of 20925. The index showing a good strength on account of yen weakness and slight easing of geopolitical tensions. The yen declined sharply against all...

FxWirePro: USD/JPY consolidates at fresh multi-week highs at 109.46, cloud offers strong support

Apr 26, 2018 05:55 am UTC| Technicals

USD/JPY consolidates at fresh multi-week highs at 109.46, bias higher. The major is taking a breather, but still holds near highs above 109 handle. Price action rages in narrow range, with days high at 109.46 and...

FxWirePro: USD/CNY jumps above 6.32 mark, PBOC sets yuan mid-point at 6.3283

Apr 26, 2018 05:49 am UTC| Technicals

USD/CNY is currently trading around 6.3240 marks. It made intraday high at 6.3264 and low at 6.3216 levels. Intraday bias remains bullish till the time pair holds key support at 6.3000 mark. A sustained...

FxWirePro: USD/CNY jumps above 6.32 mark, PBOC sets yuan mid-point at 6.3283

Apr 26, 2018 05:49 am UTC| Technicals

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Economy

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...

China’s Power Market Revamp Fuels Global Boom in Energy Storage Batteries

Chinas sweeping reforms to its electricity market are rapidly transforming the economics of energy storage, driving a surge in both domestic deployment and global exports of battery technology. As international demand for...

Global Demand for Yuan Loans and Bonds Surges as China Pushes Currency Internationalization

Global investors and borrowers are increasingly turning to the Chinese yuan as lending and financing activity accelerates, driven by attractive pricing and Chinas long-term push to internationalize its currency....

Silver Prices Hit Record High as Geopolitical Tensions Fuel Safe-Haven Demand

Silver prices surged to a record high during early Asian trading on Monday, driven by escalating geopolitical tensions that boosted demand for safe-haven assets across global markets. Concerns over renewed hostilities...

Japan Signals Possible Yen Intervention as Currency Weakens Despite BOJ Rate Hike

Japans top currency officials have stepped up verbal warnings against sharp movements in the yen, raising market expectations of potential government intervention after the Japanese currency weakened following the Bank of...

Politics

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...

Justice Department Restores Trump Photo in Epstein Files After Review Clears Image

The U.S. Department of Justice confirmed on Sunday that a photo involving President Donald Trump, which had briefly been removed from the cache of Jeffrey Epstein-related documents, was restored after an internal review...

U.S., Europe, Ukraine Hold Productive Florida Talks on Ending Russia-Ukraine War

Senior officials from the United States, Europe, and Ukraine concluded three days of high-level talks in Florida aimed at advancing efforts to end Russias war in Ukraine, with discussions centered on aligning positions and...

Najib Razak Awaits Court Rulings in 1MDB Case as Malaysia’s Anti-Graft Drive Faces Test

Malaysias former prime minister Najib Razak is set to learn on Monday whether he can serve the remainder of his jail sentence under house arrest, a decision that could have major political and legal implications for the...

Putin Aide Says European, Ukrainian Changes Fail to Improve Ukraine Peace Prospects

A senior aide to Russian President Vladimir Putin said on Sunday that proposed changes by European countries and Ukraine to U.S.-drafted plans for ending the war in Ukraine have not improved the chances of achieving...

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

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...

Trump Administration Reviews Nvidia H200 Chip Sales to China, Marking Major Shift in U.S. AI Export Policy

The U.S. government under President Donald Trump has launched a formal review that could pave the way for the first-ever shipments of Nvidias H200 artificial intelligence chips to China, according to multiple sources...

Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz

Oracle Corporation (NYSE: ORCL) shares surged sharply in extended trading on Thursday, reflecting renewed investor optimism fueled by reports of a potential U.S. TikTok transaction and fresh fundraising discussions...