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FxWirePro: Singapore dollar trades marginally higher ahead of retail sales data

Sep 12, 2017 02:31 am UTC| Technicals

USD/SGD is currently trading around 1.3461 marks. It made intraday high at 1.3477 and low at 1.3455 levels. Intraday bias remains neutral till the time pair holds key resistance at 1.3468 mark. A daily close...

FxWirePro: Aussie falls against major peers as NAB business confidence data fails to meet expectations

Sep 12, 2017 01:50 am UTC| Technicals

AUD/NZD is currently trading around 1.1043 marks. Pair made intraday high at 1.1066 and low at 1.1042 marks. Intraday bias remains bearish till the time pair holds key resistance at 1.1126 mark. A sustained...

FxWirePro: US Oil declined sharply on Irma hurricane, good to sell on rallies

Sep 11, 2017 12:48 pm UTC| Technicals

US Oil declined sharply after hitting high of $49.39 on concerns that Hurricane Irma could dent demand in the worlds top oil consuming nations. Hurricane Irma knocked out power to nearly four million Florida homes and...

FxWirePro: EUR/CAD pops up with shooting star to indicate weakness, major trend oscillates in rising channel – Tunnel spreads for leveraged speculation

Sep 11, 2017 11:38 am UTC| Technicals

Shooting star has occurred at 1.4981 levels, the bearish pattern evidences slump below DMAs, the demand and supply zone at 1.4988 levels is seen several times in the recent past. We foresee more weakness upon bearish...

FxWirePro: USD/CHF Trade Idea

Sep 11, 2017 11:37 am UTC| Technicals

USD/CHF has once again shown a good recovery after a false break out below 0.94274 Aug 29th low. The pair jumped above 0.9500 and is currently trading around 0.94935. The decline from 1.0340 will come to an end only...

FxWirePro: EUR/USD downside capped by 20- 4H MA, good to buy on dips

Sep 11, 2017 11:19 am UTC| Technicals

EUR/USD has shown a major sell off after hitting 33- month high of 1.20922 on Aug 8th 2017. The pair declined till 1.19932 and is currently trading around 1.20117. The pair has taken support near 20 -4H MA and jumped...

FxWirePro: EUR/GBP trades narrow range below 5-DMA, eyes 50-DMA at 0.9026, stay short

Sep 11, 2017 11:00 am UTC| Technicals

EUR/GBP is trading an extremely narrow range and minor recovery attempts on the day capped below 5-DMA. The pair failed to retake 20-DMA in previous weeks trade, has slipped below 0.91 handle. Technical studies...

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Economy

​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....

Asian Currencies Slip as Dollar Strengthens; Indian Rupee Rebounds on Intervention Hopes

Most Asian currencies edged lower on Wednesday as investors weighed the U.S. Federal Reserves future interest rate path following mixed signals from the latest U.S. labor market data. At the same time, the Indian rupee...

Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty

Gold prices climbed during Asian trading on Wednesday, while silver prices surged to a fresh all-time high, as growing concerns over the U.S. economy fueled strong demand for safe haven assets. Investors increasingly...

Trump Orders Blockade of Sanctioned Oil Tankers, Raising Venezuela Tensions and Oil Prices

U.S. President Donald Trump has ordered a total and complete blockade of all sanctioned oil tankers entering and leaving Venezuela, dramatically escalating Washingtons pressure on President Nicolas Maduros government and...

Politics

NSW to Recall Parliament for Urgent Gun and Protest Law Reforms After Bondi Beach Shooting

The Australian state of New South Wales will recall parliament next week to pass sweeping reforms to gun ownership and protest laws following the countrys deadliest mass shooting in more than 30 years. The move comes just...

Pakistan’s Army Chief Faces Gaza Troop Dilemma Amid US Pressure

Pakistans most powerful military leader in decades, Field Marshal Asim Munir, is facing a critical test of his expanded authority as the United States presses Islamabad to contribute troops to a proposed Gaza stabilisation...

Trump Taps Former DHS Official Troy Edgar for U.S. Ambassador Role in El Salvador

President Donald Trump announced on Tuesday that he intends to nominate Troy Edgar as the next United States ambassador to El Salvador, highlighting the administrations continued focus on strengthening diplomatic and...

Lukashenko Urges Swift Ukraine Peace Deal, Backs Trump’s Push for Rapid Resolution

Belarusian President Alexander Lukashenko has called for urgent action to end the war in Ukraine, voicing support for U.S. President Donald Trumps push for a rapid resolution while Washington continues diplomatic efforts...

Trump Administration Moves to Keep TransAlta Coal Plant Running Amid Rising AI Power Demand

The U.S. Energy Secretary has signed an emergency order to keep a key coal-fired power unit at the TransAlta-owned Centralia Generating Station in Washington state operating through much of the winter, marking the latest...

Science

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...

Trump and Merck KGaA Partner to Slash IVF Drug Costs and Expand Fertility Coverage

U.S. President Donald Trump and German pharmaceutical company Merck KGaA have announced a groundbreaking deal aimed at lowering the cost of in-vitro fertilization (IVF) treatments while boosting access to fertility care in...

Technology

noyb Files GDPR Complaints Against TikTok, Grindr, and AppsFlyer Over Alleged Illegal Data Tracking.

A European privacy advocacy group has filed fresh complaints against TikTok, Grindr, and AppsFlyer, accusing the companies of violating European Union privacy laws by unlawfully tracking and sharing sensitive user data...

MetaX IPO Soars as China’s AI Chip Stocks Ignite Investor Frenzy

Shares of Chinese AI chipmaker MetaX Integrated Circuits delivered a stunning market debut, soaring more than 600% above their initial public offering price as domestic investors poured into local semiconductor stocks. The...

Apple Explores India for iPhone Chip Assembly as Manufacturing Push Accelerates

Apple Inc. (NASDAQ: AAPL) is reportedly in early-stage discussions with Indian semiconductor companies to explore the assembly and packaging of iPhone components in India, marking a potential shift in the companys global...

Amazon in Talks to Invest $10 Billion in OpenAI as AI Firm Eyes $1 Trillion IPO Valuation

Amazon.com Inc is reportedly in discussions to make a major investment in OpenAI, the creator of ChatGPT, in a potential deal that could value the artificial intelligence company at more than $500 billion, according to a...

SUPERFORTUNE Launches AI-Powered Mobile App, Expanding Beyond Web3 Into $392 Billion Metaphysics Market

SUPERFORTUNE, a web3 AI application incubated by Manta Network, has launched its first mobile application, expanding beyond crypto-native users into the global consumer market. The SUPERFORTUNE mobile app delivers...
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