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FxWirePro: USD/JPY breaks above 21-EMA, eyes 55-EMA at 107.66, good to go long on dips

Mar 29, 2018 06:35 am UTC| Technicals

USD/JPY extends retrace from multi-month lows at 104.62, breaks above strong resistance at 21-EMA. Upbeat US GDP data along with receding tensions between US and China over trade tariffs is also supporting the US...

FxWirePro: BTC/USD’s gravestone doji plummets prices below DMAs, weakness in intermediate trend intensified on bearish crossovers

Mar 29, 2018 06:11 am UTC| Digital Currency Technicals Insights & Views

Both minor and intermediate trends of BTCUSD has been weaker as the current price of this pair has slid below DMAs EMAs and the closing prices from last three days have remained below $8000 mark. As shown on the daily...

FxWirePro: USD/ZAR remains well supported above 11.70 mark, short term trend reversal likely

Mar 29, 2018 06:05 am UTC| Technicals

USD/ZAR is currently trading around 11.75 levels. It made intraday high at 11.78 and low at 11.74 levels. Intraday bias remains neutral till the time pair holds key support at 11.62 mark. A daily close...

FxWirePro: DAX30 Daily Outlook

Mar 29, 2018 05:36 am UTC| Technicals

DAX index inched higher after a decline of 0.65%. The index hits low of 11770 and shown a good jump till 12014 level. US indices SP 500 and Dow jones was trading flat and major decline was due to the tech stocks. NASDAQ...

FxWirePro: USD/CNY hovers around 6.29 mark, PBOC sets yuan mid-point at 6.3046 per U.S. dollar

Mar 29, 2018 05:00 am UTC| Technicals

USD/CNY is currently trading around 6.2914 marks. It made intraday high at 6.3040 and low at 6.2914 levels. Intraday bias remains neutral till the time pair holds key resistance at 6.3160 marks. A sustained...

FxWirePro: AUD/USD breaks below major EMAs, eyes channel base at 0.7450

Mar 29, 2018 04:48 am UTC| Technicals

AUD/USD is trading in a narrow range in the Asian session today, bias remains bearish. The major has broken below major exponential moving averages and we see scope for further downside. Upbeat US GDP data along...

FxWirePro: NZD/USD finds strong support at 0.7185, break below to accentuate weakness

Mar 29, 2018 03:38 am UTC| Technicals

NZD/USD slips back below 0.72 handle, trades 0.27% lower on the day as we write. The major weighed down as the US Dollar extends gains across the board on upbeat data overnight. US GDP exceeded expectations, came...

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Economy

Russia Stocks End Flat as Energy Shares Support MOEX Index

Russian stocks finished mixed after the close of trading in Moscow on Saturday, with the MOEX Russia Index ending the session unchanged at 0.00%. Market sentiment remained cautious as gains in select energy and utility...

Trump Defends Economic Record in North Carolina as Midterm Election Pressure Mounts

U.S. President Donald Trump traveled to the battleground state of North Carolina on Friday to defend his economic policies and reassure voters that the U.S. economy remains on solid footing, as concerns grow ahead of a...

EU Approves €90 Billion Ukraine Aid as Frozen Russian Asset Plan Stalls

Ukraine welcomed a major European Union decision on Friday to provide 90 billion in financial support over the next two years, a move Kyiv says will significantly strengthen its economic resilience amid the ongoing war...

Kevin Hassett Says Inflation Is Below Target, Backs Trump’s Call for Rate Cuts

White House economic advisor Kevin Hassett said President Donald Trump is correct in claiming inflation is low, despite official data, public sentiment, and many economists suggesting otherwise. Speaking on Fox Business,...

U.S. Stocks End Week Higher as Tech Rally Offsets Consumer Weakness

U.S. stocks closed higher on Friday, recovering from a volatile start to the week as gains in technology and AI-related shares outweighed sharp declines in consumer stocks such as Nike. Major indexes finished in positive...

Politics

Australia Mourns Bondi Beach Hanukkah Attack Victims as Government Orders Security Review

Australia marked a national day of reflection on Sunday to honour the victims of a deadly gun attack that struck a Hanukkah celebration at Sydneys Bondi Beach a week earlier, killing 15 people and injuring dozens more. The...

Venezuela Condemns U.S. Seizure of Oil Tanker as “International Piracy”

The Venezuelan government has strongly condemned the seizure of a new oil tanker near its coast, accusing the United States of committing what it described as a serious act of international piracy. In an official statement...

Bangladesh Mourns Slain Youth Leader as Funeral Draws Thousands Amid Political Unrest

Tens of thousands of Bangladeshis gathered in Dhaka on Saturday to attend the funeral of Sharif Osman Hadi, a slain youth leader and election candidate whose killing has intensified political unrest ahead of the countrys...

U.S. Intercepts Venezuelan Oil Tanker in International Waters Amid Escalating Blockade Tensions

The United States has intercepted an oil tanker in international waters near Venezuela, intensifying tensions just days after President Donald Trump announced a total and complete blockade of sanctioned oil shipments...

Google and Apple Warn U.S. Visa Holders to Avoid International Travel Amid Lengthy Embassy Delays

Alphabets Google and Apple have advised certain employees working in the United States on temporary visas to avoid international travel, as visa stamping delays at U.S. embassies and consulates can now stretch up to 12...

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...
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