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FxWirePro: GBP/USD downside capped by 89- day EMA, good to buy on dips

Aug 31, 2017 09:23 am UTC| Technicals

Cable is declining after forming a temporary top around 1.29785 formed on Aug 29th 2017. The pair has taken support near 89- day EMA yesterday and shown a minor jump from that level. The pairs near term resistance is...

FxWirePro: Copper extends break above 'Cup and Saucer' pattern, hits fresh 3-year highs at 3.132

Aug 31, 2017 09:08 am UTC| Technicals

Copper is extending higher after breakout of Cup and Saucer pattern. The commodity has hit fresh 3-year highs at 3.132, levels unseen since September 2014. Technical studies are still bullish, we see scope for...

FxWirePro: South African trades marginally lower against U.S. dollar, faces strong resistance at 13.13 mark

Aug 31, 2017 08:29 am UTC| Technicals

USD/ZAR is currently trading around 13.02 levels. It made intraday high at 13.04 and low at 12.95 levels. Intraday bias remains neutral for the moment. A daily close above 12.98 will take the parity...

FxWirePro: 'Triangle Breakout' in GBP/NZD, good to go long on dips

Aug 31, 2017 08:18 am UTC| Technicals

GBP/NZD has shown a breakout above triangle top, scope for further upside. Kiwi under pressure on RBNZ Wheelers jawboning the NZD and downbeat NZ business confidence data. New Zealand business confidence fell to...

FxWirePro: USD/CHF forms hammer in daily chart, jump till 0.9770 likely

Aug 31, 2017 07:08 am UTC| Technicals

USD/CHF has shown a major recovery from the bottom of 0.94290 on Aug 29th 2017 level. The pair has formed hammer candle stick pattern in the daily chart on Aug 29th 2017 and closed well above the high of 0.95697 (Aug 29th...

FxWirePro: XAG/USD exhibits range bound movement, down side limited

Aug 31, 2017 07:06 am UTC| Technicals

XAG/USD is currently trading around $17.34 marks. It made intraday high at $17.41 and low at $17.25 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at $17.40 mark. A...

FxWirePro: GBP/AUD breaks above 20-DMA at 1.6336, eyes channel top at 1.6515

Aug 31, 2017 06:35 am UTC| Technicals

GBP/AUD breaks above 20-DMA at 1.6336, intraday bias higher. Aussie ignores upbeat Capex number released earlier today. Australia private Capex rose 0.8% in Q2, beating estimates of 0.3%. Technical indicators...

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Economy

Spain's Sanchez Visits China to Deepen Trade Ties Amid U.S. Tensions

Spanish Prime Minister Pedro Sanchez arrived in China on Monday for his fourth visit in four years, reinforcing Spains commitment to an independent foreign policy that has increasingly put him at odds with U.S. President...

BCA Research Warns U.S.-Iran Ceasefire Could Collapse, Maintains Cautious Equity Outlook

BCA Research is cautiously optimistic about the recently announced U.S.-Iran ceasefire but is warning investors that the truce remains highly unstable. The firms chief geopolitical strategist, Matt Gertken, puts the odds...

U.S. Natural Gas Market Faces Short-Term Pressure but Long-Term Demand Surge

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Chinese Brands Are Taking Over Brazil — And It's Just Getting Started

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Bank of America Maintains Forecast for Two Fed Rate Cuts in 2026 Despite Inflation Risks

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Politics

Trump Blasts Pope Leo as "Weak" Amid Foreign Policy and Immigration Disputes

United States President Donald Trump launched a sharp public attack against Pope Leo on Sunday evening, branding the Catholic Churchs leader as weak on crime and terrible when it comes to foreign policy. The outburst came...

Viktor Orban Loses Power After 16 Years as Hungary's Tisza Party Claims Landslide Election Victory

After more than a decade and a half in power, Hungarian Prime Minister Viktor Orban has been voted out of office following a decisive victory by the centre-right Tisza party in Sundays national election. The political...

Peru Presidential Election 2026: Keiko Fujimori Takes Early Lead in First-Round Vote

According to an early exit poll released by Ipsos Peru on Sunday, right-leaning presidential candidate Keiko Fujimori has taken the lead in Perus ongoing presidential election, capturing 16.6% of the vote. The results...

U.S. Blockades Strait of Hormuz After Iran Nuclear Talks Collapse

President Donald Trump announced Sunday that the United States Navy would begin blockading the Strait of Hormuz following the breakdown of high-stakes nuclear negotiations with Iran in Islamabad. The U.S. Central Command...

Peter Magyar Ends Viktor Orbán's 16-Year Rule in Historic Hungary Election

Peter Magyar, leader of the centre-right, pro-European Tisza party, has defeated longtime Hungarian Prime Minister Viktor Orbán in a landmark parliamentary election that drew record voter turnout. Partial results...

Science

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

Technology

OpenAI Addresses Security Vulnerability in macOS App Certification Process

OpenAI disclosed a security concern on Friday involving a third-party developer tool known as Axios, which is connected to the process used to verify the authenticity of its macOS applications. The company confirmed it has...

San Francisco Suspect Arrested After Molotov Cocktail Attack on OpenAI CEO Sam Altman's Home

San Francisco police arrested a 20-year-old suspect Friday following a pre-dawn attack on OpenAI CEO Sam Altmans residence in the citys North Beach neighborhood. According to the San Francisco Police Department, an...

SanDisk Joins Nasdaq-100, Replacing Atlassian on April 20

Nasdaq Inc. confirmed late Friday that SanDisk Corporation will enter the Nasdaq-100 Index, taking the spot previously held by Atlassian Corp Plc when markets open on Monday, April 20, 2026. The change signals a broader...

TSMC Posts Strong Q1 2025 Revenue, Riding AI Chip Demand Wave

Taiwan Semiconductor Manufacturing Company (TSMC), the worlds leading contract chipmaker, has reported first-quarter revenue of T$1.134 trillion (approximately $35.71 billion USD), surpassing analyst expectations and...

Lumentum Holdings Rides AI Wave With Order Book Filled Through 2028

Lumentum Holdings Inc (NASDAQ: LITE) is experiencing a surge in demand from the artificial intelligence sector, with its order pipeline now fully booked through 2028, according to a Bloomberg report published Thursday. The...
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