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FxWirePro: USD/ZAR hits fresh 2 –week high at 15.40, intraday bias remains bullish

Jun 16, 2016 07:20 am UTC| Technicals

USD/ZAR is currently trading around 15.35 levels. It made intraday high at 15.40 and low at 15.16 levels. Intraday bias remains bullish till the time pair holds key support at 15.12 marks. A daily close...

FxWirePro: EUR/JPY recovers from multi-year lows at 116.95, bias lower, good to sell rallies

Jun 16, 2016 07:13 am UTC| Technicals

EUR/JPY slumps over 250 pips on the day, following the decision by the Bank of Japan to keep its policy unchanged. The pair hit new multi-year lows of 116.95 and has since pared some losses to currently trade around...

FxWirePro: EUR/USD faces strong support 1.1230, good to buy at dips

Jun 16, 2016 07:06 am UTC| Technicals

Major support - 1.1230 (61.8% retracement of 1.1188 and 1.12970) Major resistance - 1.1300 (200 4H MA) EUR/USD has gained till 1.12987 yesterday after Fed kept its interest rates on hold. The pair is facing...

FxWirePro: Silver hits fresh 6 –week high at $17.85, faces strong resistance at $17.99

Jun 16, 2016 06:51 am UTC| Technicals

XAG/USD is currently trading around $17.79 marks. It made intraday high at $17.84 and low at $17.49 levels. Intraday bias remains bullish till the time pair holds initial support at $17.32 marks. A daily...

FX Hedging Strategy Series

FxWirePro: GBP/USD bears back in business, long-term trend sliding in sloping channel – speculate via one touch binary option

Jun 16, 2016 06:38 am UTC| Technicals

After yesterdays gains in GBP against the dollar as Fed maintained Status Quo in its monetary policy, the active bears of this pair have been back in business to trim previous gains. Even though the prices have jumped...

FxWirePro: AUD/CAD breaks above 23.6% Fib, targets 0.9650

Jun 16, 2016 06:34 am UTC| Technicals

AUD/CAD has broken above 23.6% Fib of Dec 28th to May 23rd fall) at 0.9523. Techs on weekly charts show scope for further gains in the pair. Stochs are on the verge of a rollover from oversold and RSI is biased...

FxWirePro: Singapore dollar strengthens against U.S. dollar, 1.3404 in focus

Jun 16, 2016 05:55 am UTC| Technicals

USD/SGD is currently trading around 1.3476 marks. It made intraday high at 1.3530 and low at 1.3465 levels. Intraday bias remains bearish till the time pair holds key resistance at 1.3582 levels. 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

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

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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

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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

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 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...
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