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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...

FxWirePro: XAG/USD hits fresh 4-week high at $18.47 mark, faces strong resistance at $18.68

Nov 02, 2016 03:26 am UTC| Technicals

XAG/USD is currently trading around $18.37 marks. It made intraday high at $18.45 and low at $18.31 levels. Intraday bias remains bullish till the time pair holds immediate support at $17.82 marks. A daily...

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Economy

India's Central Bank Holds Rates Amid Iran War Energy Shock

Indias Reserve Bank of India (RBI) is widely expected to maintain its benchmark repo rate at 5.25% this Wednesday, as policymakers carefully monitor the economic ripple effects of the ongoing Iran war. The conflict has...

Oil Crisis Escalates: Trump Threatens Iran as Strait of Hormuz Closure Pushes Prices Above $110

Oil prices briefly surged past $110 per barrel on Monday after President Donald Trump escalated military and diplomatic pressure on Iran, demanding the reopening of the Strait of Hormuz by Tuesday evening or face strikes...

Asian Currencies Waver as Dollar Holds Firm Amid Middle East Tensions

Asian currencies struggled to find clear direction on Monday as the US dollar remained resilient, with investors carefully weighing escalating geopolitical risks in the Middle East against emerging ceasefire diplomacy. The...

Bank of Japan Warns of Regional Economic Risks Amid Middle East Conflict and Rising Oil Prices

The Bank of Japan has raised concerns about the potential deterioration of regional economies, citing escalating oil prices and supply chain disruptions linked to ongoing conflict in the Middle East. In its latest...

India's Services Sector Growth Slows to 14-Month Low in March Amid Rising Costs

Indias services sector expanded at its slowest pace in 14 months during March, as the ongoing Middle East conflict weighed on domestic demand and cost pressures intensified sharply, according to the latest HSBC India...

Politics

Indonesia Files Genocide Case Against Myanmar's Min Aung Hlaing Over Rohingya Crisis

A coalition of civil society organizations filed a landmark criminal complaint in Indonesia on Monday against Myanmars newly elected President Min Aung Hlaing, accusing him of committing genocide against the Rohingya...

Ukrainian Drone Strikes Hit Novorossiysk, Injuring Eight and Cutting Power Across Russia

At least eight people, including two children, were injured Monday after Ukrainian drones struck Novorossiysk, a major Russian Black Sea port city. Local authorities confirmed that several residential buildings sustained...

Trump Endorses Steve Hilton for California Governor

Donald Trump has thrown his full support behind Steve Hilton, a Fox News host and former British government official, in Californias upcoming gubernatorial race. Announcing his endorsement on Truth Social, Trump expressed...

Iran-US Ceasefire Talks: Pakistan Brokers "Islamabad Accord" to Reopen Strait of Hormuz

Pakistan is playing a central role in high-stakes diplomatic efforts to end hostilities between Iran and the United States, with a proposed peace framework now on the table that could reopen the critical Strait of Hormuz...

Kim Jong Un's Daughter Emerges as North Korea's Likely Successor, South Korean Intelligence Says

South Koreas National Intelligence Service (NIS) has concluded that Kim Jong Uns teenage daughter, believed to be around 13 years old and named Ju Ae, is being actively positioned as the next leader of North Korea. Unlike...

Science

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

Technology

Britain Courts Anthropic Amid US Defense Department Dispute

The United Kingdom is actively working to attract Anthropic, the company behind the popular Claude AI app, to expand its footprint in the country. This diplomatic push comes as Anthropic finds itself in the middle of a...

OpenAI Executive Shake-Up Ahead of Anticipated 2026 IPO

OpenAI is navigating a significant leadership restructuring at one of the most pivotal moments in its history. The AI powerhouse confirmed that Chief Operating Officer Brad Lightcap is transitioning into a newly created...

Elon Musk Ties SpaceX IPO Access to Mandatory Grok AI Subscriptions

Elon Musk is reportedly making Grok subscriptions a prerequisite for banks and advisers involved in SpaceXs highly anticipated initial public offering. According to the New York Times, citing insiders familiar with the...

MATCH Act Targets ASML and Chinese Chipmakers in New U.S. Export Crackdown

A bipartisan group of U.S. lawmakers has unveiled the MATCH Act, a landmark piece of draft legislation designed to tighten export restrictions on advanced semiconductor manufacturing equipment destined for China. The...

Microsoft's $10 Billion Japan Investment: AI Infrastructure and Data Sovereignty Push

Microsoft is set to pour approximately $10 billion into Japan between now and 2029, channeling funds into data center expansion and artificial intelligence infrastructure to meet the countrys growing demand for data...