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Fri, Dec 19, 2025 01:04 AM All times are UTC

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GBP/JPY Trade Idea

Aug 18, 2016 12:18 pm UTC| Technicals

Major resistance 132.40 (23.6% retracement of 143.23 and 129.06). The pair has recovered sharply after making a low of 130.02 at the time of writing. It is currently trading around 131.82. UK employment data and...

USD/CAD trades well below tramline support, decline till 1.2680 likely

Aug 18, 2016 11:07 am UTC| Technicals

Major Support- 1.2870 (trend line joining 1.24607 and 1.26778). Major resistance- 1.2950 (100 day MA). Canadian dollar trades stronger against all major pairs as oil extended rally for a fifth day on account of...

FX Hedging Strategy Series

FxWirePro: GBP/CAD’s dragonfly doji may trap investors with deceptive rallies, major declining trend intact amid minor rallies

Aug 18, 2016 10:28 am UTC| Technicals

Ever since the pair test supports at 1.6629 (on 4H charts), upswings have spiked above DMAs with 7DMA crossing over 21DMA which signify the buying interests. However, the major downtrend still seems intact despite the...

FxWirePro: DAX30 faces strong support at 200- HMA, good to sell on rallies

Aug 18, 2016 09:19 am UTC| Technicals

Major intraday support 10470 (200 HMA). The index has slightly recovered after making a low of 10514. It is currently trading around 10669. In the hourly chart, DAX is facing strong resistance at 10661 (100 H...

FxWirePro: GBP/USD faces strong resistance at 21-day MA, good to sell on rallies

Aug 18, 2016 08:04 am UTC| Technicals

Major resistance- 1.3100 Major support 1.2850 Cable has recovered sharply till 1.30873 after better than expected UK employment data released yesterday. It is currently trading at 1.30705. Short term trend...

FxWirePro: EUR/JPY extends range trade, focus on eurozone CPI and ECB accounts data

Aug 18, 2016 07:27 am UTC| Technicals

EUR/JPY has been trading in a narrow range between 114 and 112.30 since 3rd Aug. The pair finds major trendline support at 112.45, weakness only on break below. On the upside 20-DMA at 113.97 is immediate...

FxWirePro: AUD/CAD downside halts at 38.2% Fib, further weakness only on break below

Aug 18, 2016 07:04 am UTC| Technicals

AUD/CAD has edged higher on the day after taking support at 38.2% Fib at 0.9816 levels. Upbeat Australias jobs data released earlier today has buoyed the Aussie. Our previous call...

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Economy

Canada Signals Delay in US Tariff Deal as Talks Shift to USMCA Review

Canadian Prime Minister Mark Carney has indicated that Canada is unlikely to secure a near-term agreement with the United States to ease tariffs on key sectors such as steel and aluminum. Instead, negotiations are now...

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...

Politics

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,...

Barham Salih Elected as Next UN High Commissioner for Refugees

The United Nations General Assembly has elected Barham Salih, former president of Iraq and a longtime advocate for democracy and human rights, as the next United Nations High Commissioner for Refugees. The decision was...

Trump Signals Progress in Ukraine Peace Talks Ahead of U.S.–Russia Meeting

U.S. President Donald Trump said on Thursday that negotiations aimed at ending the conflict in Ukraine may be nearing a breakthrough, raising expectations ahead of planned talks between U.S. and Russian officials scheduled...

Argentina Unions Rally Against Milei’s Labor Reform as Congress Debates Key Bill

Argentinas main labor federation led a massive nationwide protest on Thursday against a controversial labor reform bill proposed by President Javier Milei, intensifying tensions as lawmakers begin debating the legislation...

Kennedy Center Reportedly Renamed Trump-Kennedy Center After Board Vote

The John F. Kennedy Center for the Performing Arts, one of Washington, D.C.s most iconic cultural institutions, is set to be renamed the Trump-Kennedy Center following what was described as a unanimous vote by its board of...

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...