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FxWirePro: GBP/AUD back-to-back bearish patterns and whipsaws plummet price below 7-SMA – Trade via tunnel spreads on intensified bearish momentum

May 10, 2017 11:17 am UTC| Technicals

On 4H charts, shooting stars appear at 1.7597 and 1.7576 levels, gravestone doji at 1.7612 and the hanging man at 1.7599 levels have occurred at peaks of rallies. After a stern bullish rally, the price behavior has...

FxWirePro: EUR/GBP extends downside for 4th straight session, eyes 'Triple Bottom' at 0.83

May 10, 2017 10:43 am UTC| Technicals

EUR/GBP extends downside for 4th straight session, trades below 20-DMA at 0.8440. Markets focus on BoEs Super Thursday, investors wary to carry big bets heading into the key event risk. The pair is trading in a...

FxWirePro: GBP/USD trades in narrow range, markets eyes BOE

May 10, 2017 10:11 am UTC| Technicals

Cable shown a good jump after making a low of 1.29000 yesterday. The pair jumped till 1.29875 slightly above the high of 1.29835 made on May 5th 2017. It is currently trading around 1.29469. Market awaits BOE super...

FxWirePro: AUD/NZD recovery rejected at cloud base, slips below trendline support at 1.0645, bias lower

May 10, 2017 09:31 am UTC| Technicals

Aussie edged higher post-China CPI data supporting AUD/NZD higher. Recovery in the pair was rejected at cloud base and the pair has slipped below trendline support at 1.0645. Bias remains lower, the pair is on...

FxWirePro: South African rand erases previous loss against U.S. dollar, short term trend reversal likely

May 10, 2017 08:20 am UTC| Technicals

USD/ZAR is currently trading around 13.54 levels. It made intraday high at 13.63 and low at 13.52 levels. Intraday bias remains bearish till the time pair holds key resistance at 13.70 marks. A daily...

FxWirePro: EUR/USD trades lower on fed rate hike hopes, good to sell on rallies

May 10, 2017 07:30 am UTC| Technicals

Dollar surges broadly against all other pairs on increasing expectations of Fed rate hike in Jun. The pair declined till 1.08634 and jumped slightly from that level. Markets awaits ECB President Draghi speech at 1:00...

FxWirePro: GBP/AUD rangebound, caution ahead of BoE's Super Thursday

May 10, 2017 07:27 am UTC| Technicals

GBP/AUD is trading a narrow range, downside finds strong support at 1.7534 (5-DMA). Market focus on BoEs Super Thursday, investors wary to carry big bets heading into the key event risk. The pair is holding break...

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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...