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FxWirePro: 'Bullish divergence' on EUR/CAD, good to go long on dips

Aug 08, 2017 07:26 am UTC| Technicals

EUR/CAD on track to test trendline resistance at 1.5260. The pair has bounced off weekly 200-SMA and technical indicators on weekly charts are bullish. We note bullish divergence from price action on RSI and...

FxWirePro: CHF/JPY upside capped by 7- day MA, good to sell on rallies

Aug 08, 2017 07:20 am UTC| Technicals

CHF/JPY has formed a major bottom around 113.41 and shown a minor recovery till 114.08 yesterday. It is currently trading around 113.69. The pair upside capped by 7- day MA at 113.95 and any confirm break above will...

FxWirePro: USD/ZAR trades in narrow range, bias remains neutral

Aug 08, 2017 07:12 am UTC| Technicals

USD/ZAR is currently trading around 13.23 levels. It made intraday high at 13.24 and low at 13.19 levels. Intraday bias remains neutral till the time pair holds key support at 13.22 mark. A daily close...

FxWirePro: GBP/AUD capped below 20-DMA at 1.6506, bias lower, stay short

Aug 08, 2017 06:42 am UTC| Technicals

GBP/AUD is trading a narrow range on the day, upside capped below 1.65 handle. Brexit jitters continue to dent GBP, Theresa Mays future as the UKs PM in doubt amid a drop in markets confidence on Mays ability to...

FxWirePro: USD/INR rejects key resistance at 63.92 mark, stay bearish

Aug 08, 2017 06:20 am UTC| Technicals

USD/INR is currently trading around 63.77 marks. It made intraday high at 63.85 and low at 63.75 marks. Intraday bias remains bearish till the time pair holds key resistance at 63.92 marks. Key resistances...

FxWirePro: XAU/USD downside capped by Ichimoku cloud, good to buy on dips

Aug 08, 2017 05:59 am UTC| Technicals

Gold was consolidating yesterday in narrow range after forming a temporary top around $1274 on Aug 1st 2017. The decline in yellow metal was mainly due to better than expected U.S jobs data of Friday. Healthy jobs report...

FxWirePro: AUD/USD holds 20-DMA support, weakness only on break below

Aug 08, 2017 05:51 am UTC| Technicals

AUD/USD holds 20-DMA support at 0.7911, we see weakness only on break below. Aussie was boosted by upbeat Australias business confidence data which printed at 12 vs previous 9. Chinas poor trade data kept upside...

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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...