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FxWirePro: South Korean won falls gradually against euro, sustained close above 1,263 requires for upside rally

Jun 12, 2017 01:29 am UTC| Technicals

EUR/KRW is currently trading around 1,260 mark. Pair made intraday high at 1,261 and low at 1,257 levels. Intraday bias remains bullish till the time pair holds key support at 1,247 marks. A sustained close...

FxWirePro: Japanese yen gains in early Asia despite lower than expected core machinery orders data

Jun 12, 2017 00:58 am UTC| Technicals

USD/JPY is currently trading around 110.20 marks. It made intraday high at 110.44 and low at 110.16 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at 110.80 marks. A...

FxWirePro: USD/JPY loses momentum but outlook is bullish

Jun 09, 2017 15:36 pm UTC| Technicals

USD/JPY rose on Friday as investors consolidated positions ahead of next weeks government debt auctions and a widely expected interest rate increase by the Federal Reserve. Investors are anticipating another interest...

FxWirePro: EUR/USD dips below lower range, bearish bias increases

Jun 09, 2017 14:47 pm UTC| Technicals

The EUR /USD pair declined on Friday as British elections failed to deliver a clear majority for Prime Minister Theresa May, dragging euro lower and helping lift the dollar index. The election has left the United...

FxWirePro: GBP/USD holds above 1.2700 but upside is limited

Jun 09, 2017 14:31 pm UTC| Technicals

GBP/USD declined on Friday as sterling was weighted down after Prime Minister Theresa Mays Conservative Party lost its parliamentary majority in national elections, potentially disrupting Brexit negotiations. The...

FxWirePro: Buy US Dollar Index on dips

Jun 09, 2017 13:00 pm UTC| Technicals

US Dollar index recovered till 97.48 after making a low of 96.52. It is currently trading around 97.44. Short term trend is still weak as long as index not able to break above 98.29 (23.6% fibo). The index has shown a...

FxWirePro: AUD/USD downside capped at 5-DMA, weakness only on break below

Jun 09, 2017 12:24 pm UTC| Technicals

AUD/USD hovers around 200-DMA at 0.7531, extends consolidation phase. Downside for now seems to be capped by 5-DMA at 0.7524, we see weakness on break below. Momentum indicators on weekly charts are biased...

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Economy

Russia Stocks End Flat as Energy and Retail Shares Show Mixed Performance

Russian stocks closed mixed after Saturdays trading session on the Moscow Exchange, with the benchmark MOEX Russia Index finishing unchanged at 0.00%. Despite the flat headline performance, individual stocks showed varied...

Global Markets Slide as Tech Stocks Sink, Yields Rise, and AI Concerns Deepen

Global financial markets ended Friday on a weaker note as major stock indexes declined, led by a sharp selloff in technology shares amid renewed skepticism over artificial intelligence investments. Rising U.S. Treasury...

Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026

The Federal Reserves latest policy signals suggest that interest rates are now close to neutral, raising the bar for additional rate cuts in 2025 and beyond. This shift implies restraint rather than rescue from the central...

S&P 500 Slides as AI Chip Stocks Tumble, Cooling Tech Rally

U.S. stocks closed sharply lower on Friday as a selloff in technology shares, led by semiconductor companies, weighed heavily on broader markets and dampened enthusiasm around the artificial intelligence trade. The...

Fed Rate Cut Signals Balance Between Inflation and Jobs, Says Mary Daly

Federal Reserve Bank of San Francisco President Mary Daly said she supported cutting interest rates at this weeks Federal Open Market Committee (FOMC) meeting, highlighting the central banks effort to carefully balance...

Politics

Hong Kong Democratic Party Disbands After Member Vote Amid Security Crackdown

Hong Kongs last major opposition party, the Democratic Party, has voted to disband, marking a significant moment in the citys political history and underscoring the impact of Chinas national security crackdown on liberal...

Ukraine’s NATO Concession Unlikely to Shift Peace Talks, Experts Say

Ukraines recent offer to abandon its long-standing ambition to join NATO is unlikely to have a major impact on ongoing peace talks with Russia, according to several foreign policy and security experts. During discussions...

Thousands Protest in Brazil Against Efforts to Reduce Jair Bolsonaro’s Prison Sentence

Thousands of Brazilians took to the streets on Sunday in major cities to protest a controversial legislative effort aimed at reducing the prison sentence of former President Jair Bolsonaro and his supporters for plotting...

Zelenskiy Signals Willingness to Drop NATO Bid as Ukraine, U.S. Hold Crucial Peace Talks in Berlin

Ukrainian President Volodymyr Zelenskiy has indicated a major shift in Ukraines long-standing foreign policy by offering to drop the countrys aspirations to join NATO, as part of renewed efforts to end the war with Russia....

Belarus Frees Opposition Leaders Maria Kalesnikava and Viktar Babaryka in U.S.-Brokered Deal

Two of Belaruss most prominent opposition figures, Maria Kalesnikava and Viktar Babaryka, have spoken publicly after being released from prison following a deal brokered by the United States, saying they have no regrets...

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

SpaceX Begins IPO Preparations as Wall Street Banks Line Up for Advisory Roles

SpaceX has reportedly begun the early stages of preparing for a potential initial public offering (IPO), marking a significant milestone for the private aerospace company founded by Elon Musk. According to a report from...

SpaceX Insider Share Sale Values Company Near $800 Billion Amid IPO Speculation

SpaceX, the aerospace company founded by Elon Musk, has reportedly authorized an insider share sale that places its valuation at approximately $800 billion, according to a Bloomberg News report published Friday. The move...

Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand

Mizuho Securities has raised its price target on Broadcom Inc. (NASDAQ: AVGO), highlighting accelerating momentum in the companys artificial intelligence business and a rapidly expanding long-term backlog. The brokerage...

Trello Outage Disrupts Users as Access Issues Hit Atlassian’s Work Management Platform

Atlassian Corps popular work management software Trello experienced a service disruption on Friday, leaving a number of users unable to access the platform. The outage was flagged by internet monitoring service...

Intel’s Testing of China-Linked Chipmaking Tools Raises U.S. National Security Concerns

Intel has tested advanced chipmaking equipment this year from ACM Research, a semiconductor toolmaker with deep operational ties to China, according to sources familiar with the matter. The move has drawn scrutiny because...