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EUR/USD trades well above 1.1200 level, jump till 1.1360 likely

Oct 03, 2016 11:29 am UTC| Technicals

Major resistance 1.12680 (trend line joining 1.163 and 1.13660). Major support 1.1180 (100- day MA). The pair has taken support at 200- day MA and jumped from the level. It has jumped till 1.12507 level and is...

FxWirePro: USD/TRY forms gravestone but don’t be bear trapped as no proper substantiation from leading and lagging indicators

Oct 03, 2016 11:06 am UTC| Technicals

Technical glimpse: From thelast couple of weeks, we kept urging for upside targets both fundamentally as well as technically (please refer to the below weblink for our previous write-ups): The pair has now formed a...

FxWirePro: FTSE100 trades slightly above major resistance, good to buy on dips

Oct 03, 2016 09:29 am UTC| Technicals

Major resistance- 6956 (Aug 15th 2016 high). Major support 6793 (daily Kijun-Sen). The index has once again recovered sharply from the low of 6809 made on Friday. It has also broken the major resistance 6956 the...

FxWirePro: EUR/NOK hits fresh 15-month low at 8.9297, consistent break below targets 9.9178

Oct 03, 2016 08:25 am UTC| Technicals

EUR/NOK is currently trading at 8.9517 levels. It made intraday high at 8.9888 and low at 8.9466 levels. Intraday bias remains bearish till the time pair holds key resistance at 9.0461 marks. A sustained...

FxWirePro: Turkish lira falls after lower than expected CPI data

Oct 03, 2016 07:17 am UTC| Technicals

USD/TRY is currently trading at 3.0075 levels. It made intraday high at 3.0087 and low at 2.9988 levels. Intraday bias remains bullish for the moment till the time pair holds key support at 2.9932...

FxWirePro: GBP/USD trades lower on Theresa May signals Hard Brexit, good to sell on rallies

Oct 03, 2016 07:17 am UTC| Technicals

Sterling breaks the low made on Sep 23rd after Prime Minister Theresa May said theUK will trigger Article 50 before the end of March 2017. This shows that U.K will officially leave the EU in Apr 2019. GBP/USD has...

FxWirePro: AUD/JPY finds major trendline resistance at 77.95, good to long break above

Oct 03, 2016 06:43 am UTC| Technicals

AUD/JPY was rejected at major trendline resistance on Friday. Pair holds gains above 20-DMA at 77.17, which is now strong support on the downside. Technicals on daily charts support further gains, break above...

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Economy

EU Delays Mercosur Free Trade Agreement Signing Amid Ukraine War Funding Talks

The European Union has decided to delay the formal signing of its long-anticipated free trade agreement with the Mercosur bloc, as EU leaders convened in Brussels to prioritize discussions on funding Ukraines war effort....

Precious Metals Rally as Silver and Platinum Outperform on Rate Cut Bets

Gold prices edged slightly lower in Asian trading on Friday but were still on track to post modest weekly gains, as strong safe-haven demand continued to support the precious metals market. At the same time, silver and...

Oil Prices Steady in Asia but Headed for Weekly Loss on Supply Glut Concerns

Oil prices were mostly steady during Asian trading on Friday, but both major benchmarks were still on track to record a second consecutive weekly decline as persistent concerns over a global supply glut continued to...

New Zealand Business Confidence Hits 30-Year High as Economic Outlook Improves

New Zealands business confidence surged sharply in December, reaching its highest level in three decades, according to the latest ANZ Bank Business Outlook survey released on Friday. The data highlights growing optimism...

BOJ Poised for Historic Rate Hike as Japan Signals Shift Toward Monetary Normalization

The Bank of Japan (BOJ) is widely expected to raise interest rates to a three-decade high, marking another milestone in its gradual exit from ultra-loose monetary policy. At the conclusion of its two-day meeting on Friday,...

Politics

U.S. and China Push for Ceasefire as Thailand–Cambodia Border Clashes Escalate

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Putin Signals Possible Peace or Continued War in Ukraine at Major Year-End Address

Russian President Vladimir Putin is expected to send a significant signal to the United States and European powers regarding the future of the Ukraine war when he speaks at his annual end-of-year news conference on Friday....

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

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Trump Signs Order to Ease Federal Marijuana Rules, Signaling Major Policy Shift

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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

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NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

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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...

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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

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...

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...

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...