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FxWirePro: Crude Oil trades lower on rising US rig count, good to sell on rallies

Dec 05, 2017 12:02 pm UTC| Technicals

US crude oil hits high at $59.02 and shown a minor decline from that level. The 14 member OPEC along with 10 oil states outside OPEC has agreed to extend the production cut till 2018 year end. The crude oil prices...

UK service sector growth disappoints, but expansion in both manufacturing and construction sectors suggests robust Q4 growth

Dec 05, 2017 11:21 am UTC| Technicals

UK Markit Services PMI, a closely-watched survey of activity in U.K.s dominant service sector disappointed in November. Data released earlier today showed IHS Markits purchasing managers index for the services sector fell...

FxWirePro: EUR/AUD bearish engulfing on minor and shooting star on major trend evidence slumps both trend and momentum indicators signal more weakness

Dec 05, 2017 10:44 am UTC| Technicals

The rejection at the stiff resistance of 1.5678 levels forms shooting star pattern candle that evidences slumps to hamper the consolidation phase in the major trend. Historically, you could make out the prices have...

FxWirePro: EUR/CAD extends weakness after 'Shooting Star' formation, breaks below 20-DMA, bias lower

Dec 05, 2017 10:28 am UTC| Technicals

EUR/CAD is extending weakness after formation of a Shooting Star pattern on weekly charts. RSI and Stochs have turned lower and MACD shows bearish crossover on signal line. The pair has broken 20-DMA support at...

FxWirePro: GBP/USD breaks 1.3400 level as UK and EU Brexit negotiations fail, good to sell on rallies

Dec 05, 2017 09:09 am UTC| Technicals

Major Resistance- 1.3550. Cable has shown a major selling and broken major support 1.3400 after UK PM and EU failed to reach an agreement yesterday. The pair has formed a temporary top around 1.35498. The pair is...

FxWirePro: NZD/CAD recovery lacks traction, stay short for further downside

Dec 05, 2017 08:49 am UTC| Technicals

NZD/CAD recovery rejected at session highs at 0.8749, slips lower to currently trade at 0.8708 levels. The pair is extending downside after rejection at 50-DMA, slips below 20-DMA, 5-DMA has turned...

FxWirePro: GBP/CHF forms triple top at 1.3330, good to sell on rallies

Dec 05, 2017 08:23 am UTC| Technicals

Chart Pattern- Triple top GBP/CHF has shown a major selling after showing a minor jump above 1.3330 yesterday. The pair declined till 1.3234 and is currently trading around 1.32344. The slight dip in GBP was due to...

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Economy

China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices

Chinas central bank has continued to strengthen its gold reserves, extending its buying streak to a 15th consecutive month in January, according to the latest data released by the Peoples Bank of China (PBOC). The move...

Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal

President Donald Trump has signed a landmark executive order removing the 25% penalty tariff on Indian goods, signaling a major shift in U.S.India trade relations and global geopolitical alignment. The move functions as...

Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran

U.S. President Donald Trump has signed a new executive order that could impose tariffs of up to 25% on countries that continue to do business with Iran, marking a significant escalation in Washingtons pressure campaign...

U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains

The United States and India have taken a significant step toward a long-anticipated bilateral trade agreement by releasing an interim trade framework aimed at lowering tariffs, reshaping energy ties, and strengthening...

Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility

U.S. stocks surged on Friday, posting their strongest session since May 2025, as investors regained confidence following a turbulent week marked by sharp losses in technology shares and uncertainty around the artificial...

Politics

Ohio Man Indicted for Alleged Threat Against Vice President JD Vance, Faces Additional Federal Charges

A federal grand jury has returned an indictment against a 33-year-old Ohio man accused of threatening to kill U.S. Vice President JD Vance during the vice presidents visit to the Ohio region in January, according to the...

New York Legalizes Medical Aid in Dying for Terminally Ill Patients

New York has officially joined a growing number of U.S. states allowing medical aid in dying after Governor Kathy Hochul signed landmark legislation into law on Friday. The new New York medical aid in dying law permits...

Trump Says “Very Good Talks” Underway on Russia-Ukraine War as Peace Efforts Continue

U.S. President Donald Trump said on Friday that very good talks are ongoing regarding Russias war in Ukraine, signaling potential movement in long-running diplomatic efforts to end the conflict. Speaking briefly to...

China Warns US Arms Sales to Taiwan Could Disrupt Trump’s Planned Visit

China has issued a strong warning to the United States, signaling that any additional arms sales to Taiwan could seriously jeopardize U.S. President Donald Trumps planned visit to China in April. According to a report...

Trump Allows Commercial Fishing in Protected New England Waters

U.S. President Donald Trump has signed a proclamation permitting commercial fishing in a previously restricted marine protected area off the coast of New England, a move that has sparked renewed debate over ocean...

Science

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

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...

Technology

Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge

Nvidia (NASDAQ: NVDA) CEO Jensen Huang reaffirmed his bullish stance on artificial intelligence, calling the massive capital expenditure flowing into AI infrastructure both appropriate and necessary as the industry...

Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate

Amazon.com (NASDAQ:AMZN) delivered a mixed but closely watched earnings report, beating Wall Street expectations on revenue while unveiling a massive long-term investment plan that unsettled investors. The e-commerce and...

Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch

Major PC manufacturers including HP, Dell, Acer, and Asus are reportedly exploring the option of sourcing memory chips from Chinese semiconductor companies for the first time, as a prolonged global supply crunch continues...

OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering

OpenAI is significantly accelerating its enterprise AI strategy by hiring hundreds of new employees for its technical consulting division, according to a report by The Information, citing a person familiar with the...

SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off

SoftBank Group Corp. (TYO:9984) shares tumbled sharply on Thursday, tracking a steep decline in Arm Holdings (NASDAQ:ARM) after the UK-based chip designer reported weaker-than-expected earnings for the December quarter....