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FxWirePro: EURUSD bearish again as upside bias reverses

Aug 30, 2017 17:00 pm UTC| Technicals

The EUR /USD pair declined on Wednesday as speculation the European Central Bank could step in to weaken the euro and dollar regained ground after strong U.S. economic data boosted expectations for a solid U.S. jobs report...

FxWirePro: USD/CAD consolidating around 1.2614, bias is bullish

Aug 30, 2017 15:00 pm UTC| Technicals

The USD/CAD pair rose on Wednesday after oil dipped as U.S. refinery shutdowns weighed on oil prices and the greenback climbed against a basket of major currencies. The U.S. dollar was broadly higher after U.S. data...

FxWirePro: EUR/USD Trade Idea

Aug 30, 2017 11:59 am UTC| Technicals

EURUSD pared its gain after hitting 27 month high at 1.20704 level. USD got strengthened slightly after better than expected US consumer confidence. US conference board consumer confidence came at 122 compared to forecast...

FxWirePro: CHFJPY Daily Outlook

Aug 30, 2017 11:57 am UTC| Technicals

CHFJPY has formed a temporary bottom around 112.65 and started to jump from that level. The pair has broken major resistance 115 and jumped till 115.32 yesterday. The pair is currently trading around 114.93. The near...

FxWirePro: WTI crude pegs 5-weeks lows after sliding below 7-DMAs, bears in major trend plummets below EMAs to remain in symmetric triangle

Aug 30, 2017 11:17 am UTC| Technicals

You could easily figure out bearish sentiments in WTI crude prices from the last couple of days, current prices dips are on the verge of 5-weeks lows. Bears managed to plummet prices on every upswing below channel...

FxWirePro: EUR/GBP fails to hold above 0.93 handle, close below 5-DMA could see further weakness

Aug 30, 2017 11:08 am UTC| Technicals

EUR/GBP fails to hold above 0.93 handle, slips lower to trade at 0.9243 at the time of writing. Formation of Gravestone Doji at highs raises scope for downside in the pair. 5-DMA at 0.9249 is immediate support,...

FxWirePro: GBP/USD downside capped by 4H Kijun-Sen,good to buy on dips

Aug 30, 2017 11:03 am UTC| Technicals

Cable declined sharply after hitting a high of 1.29785 yesterday. The pair dipped till 1.29034 and is currently trading around 1.29255. Market awaits US ADP employment and prelim GDP data for further direction. Any...

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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

Wall Street analysts remain divided on the U.S. natural gas outlook, citing near-term price weakness alongside robust long-term demand fundamentals driven by LNG exports and growing global power consumption. Benchmark...

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

Chinese businesses are making bold moves into Brazil, marking a significant shift in how China is expanding its global footprint. Leading the charge is Mixue, the ice cream and beverage giant that already operates more...

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

Bank of America is holding firm on its prediction that the Federal Reserve will cut interest rates twice in 2026, even as inflation concerns linger. In a note to clients, U.S. economist Aditya Bhave outlined why the bank...

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

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...