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FxWirePro: EUR/USD trade Idea

Nov 21, 2017 12:46 pm UTC| Technicals

EUR/USD is showing a weakness for the past two days after hitting high of 1.18611 on account recent political turmoil in Germany. The pair declined till 1.17140 and is currently trading around 1.17360. The recent turmoil...

FxWirePro: USD/CAD minor trend creeps up after support at trendline, hammer pops up at 50% Fibos in major trend – Boundary binaries to trade and long hedge

Nov 21, 2017 11:50 am UTC| Technicals

Chart and candlestick pattern formed- Rising channel on dailies and hammer on monthly plotting. Please be noted that both bullish patterns have occurred and they have shown their bullish effects so far. Hammer...

FxWirePro: EUR/NZD Trade Idea

Nov 21, 2017 11:48 am UTC| Technicals

FxWirePros Hourly Currency Strength Index for EUR/NZD at 1100 GMT: Bearish FxWirePros Hourly EUR Spot Index was at -72.7651: (Slightly bearish) FxWirePros Hourly NZD Spot Index was at 81.6247: (Bullish) Technical...

FxWirePro: USD/KRW hits fresh 1-year lows as South Korean exporters’ hedging sentiments continue to linger

Nov 21, 2017 11:22 am UTC| Research & Analysis Insights & Views Technicals Central Banks

KRW is right under the spotlight. USDKRW dipped below the 1100 mark, heading the lowest in more than two years. While the Bank of Korea (BOK) continues to warn that it would take actions if there is excessive KRW...

FxWirePro: EUR/USD trades lower on Germany political uncertainty, good to buy on dips

Nov 21, 2017 10:34 am UTC| Technicals

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

Nov 21, 2017 10:09 am UTC| Technicals

Chart pattern formed Triple bottom. USD/CHF has recovered once again after hitting low of 0.98760 level. The pair has jumped for the third form this level. The pair jumped due to slight strength in US dollar index....

FxWirePro: EUR/GBP capped below 50-DMA (0.8874), bias lower, good to short rallies

Nov 21, 2017 10:02 am UTC| Technicals

EUR/GBP trades in an extremely narrow range on the day, remains capped below 50-DMA at 0.8874. Market ignores downbeat comments on the economic outlook and Brexit process from BOE policymaker Ramsden. Latest...

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Economy

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....

South Korea Warns Weak Won Could Push Inflation Higher in 2025

South Koreas central bank has warned that inflation next year could exceed earlier projections if the Korean won remains weak against the U.S. dollar, raising concerns about price stability and currency market pressures....

Chinese Robotaxi Stocks Rally as Tesla Boosts Autonomous Driving Optimism

Chinese robotaxi stocks surged in Hong Kong trading on Wednesday, tracking strong overnight gains in Tesla Inc (NASDAQ: TSLA) as investor optimism around autonomous driving and ride-hailing technology continued to build....

Politics

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...

Trump Administration Plans Major Increase in Denaturalization Cases for Naturalized U.S. Citizens

The Trump administration is preparing to significantly expand efforts to revoke U.S. citizenship from some naturalized Americans, according to a report by The New York Times citing internal government guidance. Newly...

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...