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FxWirePro: NZD/USD on track to test 20-DMA at 0.70, stay long

Jan 03, 2017 05:20 am UTC| Technicals

Kiwi remains strongly bid as the bulls found renewed impetus from upbeat Chinese factories data. Caixin PMI data showed a solid improvement in the Chinese factories, Dec PMI jumps to 4-year high. Chinas December...

FxWirePro: AUD/USD above 0.72 handle post solid Chinese manufacturing PMI data

Jan 03, 2017 05:00 am UTC| Technicals

Technical Analysis: AUD/USD surges past 0.72 handle after China posted solid manufacturing PMI data. Major trendline support seen at 0.7160, weakness only on break below. RSI has shown a rollover from oversold...

FxWirePro: South Korean won appreciates against U.S. dollar, stabilizes above 1,200 mark

Jan 03, 2017 04:06 am UTC| Technicals

USD/KRW is currently trading around 1,203 levels. Pair made intraday high at 1,211 and low at 1,203 marks. Intraday bias remains neutral till the time pair holds key support at 1,199 levels. A daily close...

FxWirePro:Nikkei225 downside capped by daily Kijun-Sen, good to buy on dips

Jan 03, 2017 03:22 am UTC| Technicals

Nikkei225 has declined slightly below 19000 psychological level and recovered slightly from that level. It is currently trading around 19181 0.66% higher. Technically index major support stands at daily Kijun-Sen and...

FxWirePro: USD/THB hovers around 35.80 mark, consistent close below targets 35.54 mark

Jan 03, 2017 03:01 am UTC| Technicals

USD/THB is currently trading around 35.80 marks. It made intraday high at 35.86 and low at 35.76 marks. Intraday bias remains bearish till the time pair holds key resistance at 35.90 mark. On the top side...

FxWirePro: Singapore dollar depreciates in early hours of Asia despite robust GDP data

Jan 03, 2017 02:09 am UTC| Technicals

USD/SGD is currently trading around 1.4478 marks. It made intraday high at 1.4518 and low at 1.4468 levels. Intraday bias remains neutral till the time pair holds key resistance at 1.4505 marks. A daily...

FxWirePro: EUR/KRW rejects key support at 1,255, bias turns bullish again

Jan 03, 2017 01:36 am UTC| Technicals

EUR/KRW is currently trading around 1,266 mark. Pair made intraday high at 1,267 and low at 1,256 levels. Intraday bias remains bullish till the time pair holds key support at 1,255 mark. A sustained close...

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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

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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

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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

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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...
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