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Fri, Dec 19, 2025 09:40 AM All times are UTC

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FxWirePro: GBP/USD takes support near 10-day MA, good to buy on dips

Aug 22, 2016 09:50 am UTC| Technicals

Major support 1.3012 (10 day MA). Cable clocked a fresh two-week high at 1.31853 on Friday and started to decline from that level. The pair has declined till 1.30228 and taken support near 10 day MA. It is...

FxWirePro: USD/TRY hits fresh 5-day high at 2.9504, bias turns to bullish again

Aug 22, 2016 08:51 am UTC| Technicals

USD/TRY is currently trading at 2.9465 levels. It made intraday high at 2.9504 and low at 2.9203 levels. Intraday bias remains bullish till the time pair holds key support at 2.9171 marks. A sustained close...

FxWirePro: USD/CNY hits fresh 4-week high at 6.6659, PBOC sets yuan mid-point at 6.6652

Aug 22, 2016 08:07 am UTC| Technicals

USD/CNY is currently trading around 6.6596 marks. It made intraday high at 6.6659 and low at 6.6478 levels. Intraday bias remains bullish till the time pair holds key support at 6.6253 marks. On the top...

US Oil: Sell below ($47.90)

Aug 22, 2016 07:47 am UTC| Technicals

Major support - $47.90. Major resistance - $49. US oil has jumped continuously for a third straight week on account of continuing buzz that OPEC and other major producers may be nearing a deal to curb...

FX Hedging Strategy Series

FxWirePro: USD/ZAR forms “hammer”, upswings spike above 7DMA as bears begin booking profits – Stay hedged as long term bearish rout remains intact

Aug 22, 2016 07:44 am UTC| Technicals

In this write-up, weve emphasized more on long-term prospects of USDZAR without disregarding short term trend as well. The pair began spiking again after the formation of hammer pattern candle at 13.3505 levels (see...

S&P500: Bearish divergence and 161.8% retracement

Aug 22, 2016 06:57 am UTC| Technicals

Major resistance- 2201 (161.8% retracement of 2120 and 1989). Major support -2172 (trend line joining 2147 and 2168). Pattern formed- Bearish Divergence (RSI and CCI(50). SP500 has made a temporary top...

GBP/JPY: Buy above break out (131.70)

Aug 22, 2016 06:53 am UTC| Technicals

Major resistance 132.40 (23.6% retracement of 143.23 and 129.06 and also 14 day EMA). The pair has recovered sharply till 131.65 after making a low of 130.34 at the time of writing. It is currently trading around...

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Economy

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,...

Austan Goolsbee Signals Potential for More Fed Rate Cuts as Inflation Shows Improvement

Federal Reserve Bank of Chicago President Austan Goolsbee said Thursday that recent inflation data has been encouraging, raising the possibility of additional interest rate cuts next year if current trends continue....

Japan Inflation Holds Firm in November as BOJ Nears Key Rate Hike Decision

Japans consumer price inflation remained largely steady in November, reinforcing expectations that the Bank of Japan (BOJ) will proceed with a long-anticipated interest rate hike as it seeks to control persistent price...

Politics

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...

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

U.S. President Donald Trump has signed an executive order directing federal agencies to loosen regulations on marijuana, a move that could mark one of the most significant changes in U.S. cannabis policy in decades. The...

Fernando Haddad Confirms He Will Not Run for Office in 2025, Signals Possible Exit as Brazil’s Finance Minister

Brazilian Finance Minister Fernando Haddad confirmed on Thursday that he will not run for public office next year, putting an end to months of speculation surrounding his political future. Speaking at a press conference,...

Trump Administration Proposes Sweeping Limits on Gender-Affirming Care for Children

U.S. Secretary of Health and Human Services Robert F. Kennedy Jr. has moved to significantly restrict childrens access to gender-affirming care, marking one of the most far-reaching actions yet by the Trump administration...

Trump Expands U.S. Travel Ban to Antigua and Barbuda, Dominica, Sparking Economic Fears in the Caribbean

Washingtons decision to expand U.S. travel restrictions to include Antigua and Barbuda and Dominica is raising serious concerns across the Caribbean, where access to the United States plays a vital role in tourism,...

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

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...