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FxWirePro: USD/CHF Short term outlook

Jan 31, 2018 10:22 am UTC| Technicals

USD/CHF is trading flat after a 685 pips dip from high of 0.99770 made on Dec 8th 2017. The pair hits low of 0.9288 and is currently trading around 0.93170. The pair is consolidating between 0.9288 and 0.94308 for the...

FxWirePro: EUR/USD trades higher, market eyes US Fed monetary policy

Jan 31, 2018 10:21 am UTC| Technicals

Major support 1.2330. EUR/USD formed a minor bottom at 1.23365 and shown a minor recovery above 1.2400. The pair is holding well above 1.2400. The pair jumped till 1.24625 and is currently trading around...

FxWirePro: WTI crude pops up shooting star at channel resistance, but major consolidation phase still robust – Trade binary puts and uphold long hedges

Jan 31, 2018 09:41 am UTC| Technicals

Chart and candlestick pattern formed- The bulls spike through rising channel, failure upswings at channel resistance with gravestone doji in the recent past and for now, the shooting star formation on daily...

FxWirePro: DASH/USD breaks below 100-DMA at 735, good to go short on rallies

Jan 31, 2018 09:14 am UTC| Technicals Digital Currency

DASH/USD has shown a decisive break below 100-DMA at 735 levels, bias still bearish. The pair is trading in a narrow range on the day, having hit session high at 684 and a low of 642. Technical studies support...

FxWirePro: NZD/CAD takes 20-DMA support, watch for break out at 200-DMA for further bullishness

Jan 31, 2018 07:57 am UTC| Technicals

NZD/CAD takes 20-DMA support, we see weakness only on break below. Kiwi buoyed by upbeat New Zealand trade data and sovereign debt rating affirmation by SP. The pair has broken above 5-DMA and 38.2% Fib retrace...

FxWirePro: CHF/JPY trades higher, good to buy on dips

Jan 31, 2018 07:08 am UTC| Technicals

Major intraday support- 115.75 The pair has shown a minor recovery of almost 90 pips after forming a bottom at 115.75. the pair jumped till 116.66 and is currently around 116.64. The pair was trading well above...

FxWirePro: XAG/USD hovers around key resistance at $17.22 mark, U.S. ADP job data in focus

Jan 31, 2018 07:07 am UTC| Technicals

XAG/USD is currently trading around $17.18 marks. It made intraday high at $17.21 and low at $17.07 levels. Intraday bias remains bullish till the time pair holds key support at $17.02 mark. A daily close...

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Economy

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...

EU Delays Mercosur Free Trade Agreement Signing Amid Ukraine War Funding Talks

The European Union has decided to delay the formal signing of its long-anticipated free trade agreement with the Mercosur bloc, as EU leaders convened in Brussels to prioritize discussions on funding Ukraines war effort....

Precious Metals Rally as Silver and Platinum Outperform on Rate Cut Bets

Gold prices edged slightly lower in Asian trading on Friday but were still on track to post modest weekly gains, as strong safe-haven demand continued to support the precious metals market. At the same time, silver and...

Oil Prices Steady in Asia but Headed for Weekly Loss on Supply Glut Concerns

Oil prices were mostly steady during Asian trading on Friday, but both major benchmarks were still on track to record a second consecutive weekly decline as persistent concerns over a global supply glut continued to...

Politics

Trump Signals Push for Lower Health Insurance Prices as ACA Premium Concerns Grow

U.S. President Donald Trump said on Friday that he plans to meet with major health insurance companies in the coming weeks in an effort to push for significantly lower healthcare costs, as millions of Americans face the...

Epstein Files Released by DOJ Spotlight Bill Clinton, Raise Questions Over Trump Mentions

The U.S. Justice Department has released hundreds of thousands of pages of documents related to the late financier and convicted sex offender Jeffrey Epstein, a move that has reignited political controversy and public...

U.S. and China Push for Ceasefire as Thailand–Cambodia Border Clashes Escalate

China and the United States are intensifying separate diplomatic efforts to revive a ceasefire between Thailand and Cambodia, as Southeast Asian leaders prepare for a crucial ASEAN meeting aimed at addressing the worst...

Syria, Kurds and U.S. Race to Show Progress on SDF Integration Deal

Syrian, Kurdish and U.S. officials are intensifying diplomatic efforts ahead of a year-end deadline to demonstrate progress on a long-stalled agreement to integrate Kurdish-led forces into the Syrian state, according to...

Putin Signals Possible Peace or Continued War in Ukraine at Major Year-End Address

Russian President Vladimir Putin is expected to send a significant signal to the United States and European powers regarding the future of the Ukraine war when he speaks at his annual end-of-year news conference on Friday....

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

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...

Apple Opens iPhone to Alternative App Stores in Japan Under New Competition Law

Apple has announced a major shift in its App Store policies in Japan, opening iPhones and other Apple devices to alternative app stores in order to comply with new competition laws aimed at reshaping the countrys...