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FxWirePro: Aussie trades marginally lower as AIG construction index data misses expectations

Jan 08, 2018 01:15 am UTC| Technicals

AUD/NZD is currently trading around 1.0962 marks. Pair made intraday high at 1.0978 and low at 1.0958 marks. Intraday bias remains bearish till the time pair holds key resistance at 1.0995 mark. A sustained...

FxWirePro: US Oil forms Doji pattern in daily chart, good to sell on rallies

Jan 05, 2018 13:30 pm UTC| Technicals

Candle stick pattern formed Doji. USOIL jumped almost $2 in this week and is consolidating after hitting high of $62.18. Oil prices dipped till $61.27 at the time of writing. It is currently trading around...

FxWirePro: GBP/JPY Trade idea

Jan 05, 2018 12:46 pm UTC| Technicals

Major resistance 153 (trend line joining 151.97 and 152.81). GBP/JPY has broken major resistance 153 yesterday and jumped till 153.34. The pair formed a minor bottom around 151.50 and any major weakness only below...

FxWirePro: NZD/CHF Trade Idea

Jan 05, 2018 11:37 am UTC| Technicals

FxWirePros Hourly Currency Strength Index bias for NZD/CHF at 1130 GMT: Bullish FxWirePros Hourly NZD Spot Index: 113.911 (Bias Bullish) FxWirePros Hourly CHF Spot Index: -113.277 (Bias Bearish) Technical...

FxWirePro: EUR/NZD double bottom counters major downtrend and fortifies consolidation phase but bears in minor trend linger to breach channel support

Jan 05, 2018 11:29 am UTC| Technicals

Chart pattern formed- Rising channel (on daily plotting) and double bottom pattern with bottom 1 at 1.3881 and 1.4534 levels (on monthly plotting). The double bottom pattern helps in recognizing the higher probability...

FxWirePro: NZD/JPY breaks major trendline resistance at 80.60, 200W SMA at 81.72 next bull target

Jan 05, 2018 11:04 am UTC| Technicals

NZD/JPY extends bullish momentum into 7 consecutive week, hits fresh 2-month highs at 81.06. The pair has shown a decisive break at major trendline resistance at 80.60. Technical indicators are bullishly aligned...

FxWirePro: GBP/USD downside capped by 23.6% fibo, good to sell on rallies

Jan 05, 2018 10:03 am UTC| Technicals

Cable has shown a minor jump from the low of 1.34980 on Jan 3rd 2018. The pair jumped 90 pips ans shown a minor selling from the high. It is currently trading around 1.35230. Pound sterling was trading weak this week...

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Economy

Oil Prices Climb on Venezuela Blockade, Russia Sanctions Fears, and Supply Risks

Oil prices extended their gains during Asian trading on Thursday as geopolitical tensions involving Venezuela and Russia heightened concerns over global crude supply. Market sentiment was boosted after U.S. President...

Asian Stocks Slide as AI Spending Fears and Global Central Bank Decisions Weigh on Markets

Asian shares fell sharply on Thursday as technology stocks came under renewed pressure, driven by growing investor concerns over heavy artificial intelligence spending and its impact on corporate balance sheets. Market...

Dollar Holds Firm Ahead of Global Central Bank Decisions as Yen, Sterling and Euro React

The U.S. dollar remained steady against major global currencies on Thursday as investors positioned themselves ahead of key central bank decisions in the United Kingdom, Europe and Japan. Currency markets showed cautious...

BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited

The Bank of England is widely expected to cut interest rates on Thursday as signs mount that UK inflation is easing and economic growth is weakening. Financial markets anticipate a 25-basis-point reduction, bringing the...

U.S. Stock Futures Edge Higher as Micron Earnings Boost AI Sentiment Ahead of CPI Data

U.S. stock index futures inched higher on Wednesday evening, supported by blowout earnings and strong guidance from Micron Technology, although broader gains remained limited as investors stayed cautious ahead of key U.S....

Politics

Trump Announces $1,776 Cash Bonus for U.S. Military Personnel Ahead of Christmas

U.S. President Donald Trump announced Wednesday evening that eligible U.S. military personnel will receive a one-time cash payment of $1,776, a move he described as a special warrior dividend timed ahead of Christmas. The...

U.S. House Advances GOP Healthcare Bill as ACA Subsidies Near Expiration

A major U.S. federal healthcare subsidy expanded during the COVID-19 pandemic is set to expire at the end of the year after the House of Representatives narrowly advanced a Republican healthcare bill that does not renew...

U.S. Initiates $11.1 Billion Arms Sale to Taiwan Amid Rising China Tensions

Taiwans defence ministry announced on Thursday that the United States government has formally initiated the congressional notification process for a proposed $11.1 billion arms sale to Taiwan, underscoring Washingtons...

Union-Aligned Investors Question Amazon, Walmart and Alphabet on Trump Immigration Policies

A union-aligned investment group has urged major U.S. corporations including Amazon, Walmart and Google-parent Alphabet to explain how President Donald Trumps immigration policies are affecting their finances, workforce...

Venezuela Seeks UN Security Council Meeting Over U.S. Oil Tanker Blockade

Venezuela has formally requested an urgent meeting of the United Nations Security Council to address what it described as ongoing U.S. aggression against the country, according to a letter seen by Reuters. The request...

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

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...

Micron Technology Forecasts Surge in Revenue and Earnings on AI-Driven Memory Demand

Micron Technology delivered record first-quarter results and issued a bullish forecast for the current quarter, driven by rising memory prices and strong demand linked to artificial intelligence workloads. The upbeat...

Oracle Stock Slides After Blue Owl Exit Report, Company Says Michigan Data Center Talks Remain on Track

Oracle shares fell more than 4% on Wednesday after a Financial Times report claimed that Blue Owl Capital, Oracles largest U.S. data center partner, decided not to support a planned $10 billion data center project in...

OpenAI Explores Massive Funding Round at $750 Billion Valuation

OpenAI, the company behind the widely used AI chatbot ChatGPT, has reportedly entered preliminary discussions with investors about a potential new funding round that could value the company at approximately $750 billion....

Republicans Raise National Security Concerns Over Intel’s Testing of China-Linked Chipmaking Tools

Republican lawmakers are raising alarms over potential U.S. national security risks after a Reuters report revealed that Intel evaluated advanced chipmaking equipment from ACM Research, a company with significant ties to...