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FxWirePro: EUR/CAD faces major resistance at 1.4835, further upside only on break above

Nov 02, 2016 06:53 am UTC| Technicals

EUR/CAD has broken above 78.6% Fib and is currently trading at 1.4823. The pair has seen a nice bounce after formation of Bullish Butterfly pattern. Our previous call...

FxWirePro: EUR/JPY bulls take support at DMAs but forms shooting star, major trend drifting into sideways – Snap rallies for tunnel spreads

Nov 02, 2016 06:39 am UTC| Technicals

On dailies, a shooting star pattern has been appeared at peaks of 115.132 levels to signify weakness at this juncture. Earlier, we had traced out the double top pattern as well with the1st top at 116.365 levels and 2nd...

FxWirePro: Gold faces strong resistance at 55- day EMA, good to buy on dips

Nov 02, 2016 06:35 am UTC| Technicals

Major support - $1275 (200- day MA) The yellow metal breaks major resistance $1284 high made on Oct 28th 2016 and jumped till $1293.17 on account of the tight race for US election and weak US dollar. Gold...

FxWirePro: AUD/JPY forms shooting star, bias lower, short break below 20-DMA

Nov 02, 2016 05:41 am UTC| Technicals

AUD/JPY edges higher from session lows at 78.98, currently, hovers around 20-DMA at 79.20. Shooting star formation seen on AUD/JPY daily charts, close below 20-DMA to see drag lower. Techs support downside in the...

FxWirePro: NZD/USD breaks 100-DMA to hit 2-week high, good to go long on dips

Nov 02, 2016 04:58 am UTC| Technicals

Solid New Zealand employment and GDT price data boosts the kiwi. NZD/USD breaches 100-DMA to hit new 2-week high of 0.7227, bias higher. Techs support further gains, Stochs and RSI are biased higher. The...

FxWirePro: USD/JPY slips below 104 handle, focus on FOMC decision

Nov 02, 2016 04:30 am UTC| Technicals

USD/JPY hits new weekly low of 103.66, JPY bulls extend control for the second straight session amidst persisting risk-off. On the daily charts the pair has broken below 20-DMA at 104.02, intraday bias...

FxWirePro: Nikkei trades weak on tightening US election race, good to sell on rallies

Nov 02, 2016 04:11 am UTC| Technicals

Major resistance - 17500 (trend line joining 16930 and 17159) Nikkei225 pared its gains yesterday on account of tightening US election race and stronger yen. It is currently trading around 17152. The index...

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Economy

Russia Stocks End Flat as Energy Shares Support MOEX Index

Russian stocks finished mixed after the close of trading in Moscow on Saturday, with the MOEX Russia Index ending the session unchanged at 0.00%. Market sentiment remained cautious as gains in select energy and utility...

Trump Defends Economic Record in North Carolina as Midterm Election Pressure Mounts

U.S. President Donald Trump traveled to the battleground state of North Carolina on Friday to defend his economic policies and reassure voters that the U.S. economy remains on solid footing, as concerns grow ahead of a...

EU Approves €90 Billion Ukraine Aid as Frozen Russian Asset Plan Stalls

Ukraine welcomed a major European Union decision on Friday to provide 90 billion in financial support over the next two years, a move Kyiv says will significantly strengthen its economic resilience amid the ongoing war...

Kevin Hassett Says Inflation Is Below Target, Backs Trump’s Call for Rate Cuts

White House economic advisor Kevin Hassett said President Donald Trump is correct in claiming inflation is low, despite official data, public sentiment, and many economists suggesting otherwise. Speaking on Fox Business,...

U.S. Stocks End Week Higher as Tech Rally Offsets Consumer Weakness

U.S. stocks closed higher on Friday, recovering from a volatile start to the week as gains in technology and AI-related shares outweighed sharp declines in consumer stocks such as Nike. Major indexes finished in positive...

Politics

Venezuela Condemns U.S. Seizure of Oil Tanker as “International Piracy”

The Venezuelan government has strongly condemned the seizure of a new oil tanker near its coast, accusing the United States of committing what it described as a serious act of international piracy. In an official statement...

Bangladesh Mourns Slain Youth Leader as Funeral Draws Thousands Amid Political Unrest

Tens of thousands of Bangladeshis gathered in Dhaka on Saturday to attend the funeral of Sharif Osman Hadi, a slain youth leader and election candidate whose killing has intensified political unrest ahead of the countrys...

U.S. Intercepts Venezuelan Oil Tanker in International Waters Amid Escalating Blockade Tensions

The United States has intercepted an oil tanker in international waters near Venezuela, intensifying tensions just days after President Donald Trump announced a total and complete blockade of sanctioned oil shipments...

Google and Apple Warn U.S. Visa Holders to Avoid International Travel Amid Lengthy Embassy Delays

Alphabets Google and Apple have advised certain employees working in the United States on temporary visas to avoid international travel, as visa stamping delays at U.S. embassies and consulates can now stretch up to 12...

U.S.–Russia Talks in Florida Raise Hopes but Reveal Deep Divides Over Ukraine War

U.S. negotiators met Russian officials in Florida over the weekend as the Trump administration intensified diplomatic efforts to help end Russias war in Ukraine, a conflict that began with Moscows full-scale invasion in...

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

U.S. Lawmakers Urge Pentagon to Blacklist More Chinese Tech Firms Over Military Ties

A group of nine Republican U.S. lawmakers has formally urged the Pentagon to expand its list of Chinese companies accused of supporting Chinas military, intensifying scrutiny of Beijing-linked technology firms amid rising...

Dina Powell McCormick Resigns From Meta Board After Eight Months, May Take Advisory Role

Dina Powell McCormick has resigned from Meta Platforms board of directors effective immediately, just eight months after joining the social media company, Meta confirmed on Friday. The unexpected departure comes at a time...

TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement

TikTok has taken a major step toward securing its future in the United States after its Chinese parent company, ByteDance, announced it has signed binding agreements with three major investors to form a new joint venture...

Trump Administration Reviews Nvidia H200 Chip Sales to China, Marking Major Shift in U.S. AI Export Policy

The U.S. government under President Donald Trump has launched a formal review that could pave the way for the first-ever shipments of Nvidias H200 artificial intelligence chips to China, according to multiple sources...

Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz

Oracle Corporation (NYSE: ORCL) shares surged sharply in extended trading on Thursday, reflecting renewed investor optimism fueled by reports of a potential U.S. TikTok transaction and fresh fundraising discussions...