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FxWirePro: AUD/NZD remains supported above 1.1062, good to buy on dips

Apr 06, 2016 01:34 am UTC| Technicals

AUD/NZD is trading around 1.1097 marks. Pair made intraday high at 1.1099 and low at 1.1075 marks. The Australian dollar was the weaker performer of the two antipodean currencies on Tuesday as RBA decided to keep...

FxWirePro: USD/SGD fails to find support above 1.36, good to sell on rallies

Apr 06, 2016 01:03 am UTC| Technicals

USD/SGD is currently trading around 1.3543 marks. It made intraday high at 1.3560 and low at 1.3539 levels. Intraday bias remains bearish till the time pair holds initial resistance at 1.3628 levels. A...

FxWirePro: AUD/USD loses momentum after RBA statement, scope for downward resumption

Apr 05, 2016 18:39 pm UTC| Technicals

AUD/USD declined sharply on Tuesday as the Aussie was hit by dovish statement by Reserve Bank of Australia and weak commodities prices dragged the antipodean currency lower. Reserve Bank of Australia as expected kept...

FxWirePro: EURUSD gains some upside momentum but bias still bearish

Apr 05, 2016 16:44 pm UTC| Technicals

EUR/USD pair has inched higher to trade around 1.1396 levels shrugging off positive US ISM non-manufacturing PMI data which came slightly better than forecast at 54.5%. The pair jumped to an intraday high of 1.1398 in...

FxWirePro: USD/JPY drops below 110.50 , more downside expected

Apr 05, 2016 15:43 pm UTC| Technicals

The USD/JPY pair fell down towards 110,50 levels on Tuesday, extending its decline for second consecutive day as sentiment in stocks and commodity markets soured. The pair recovery towards higher levels has been limited...

FX Hedging Strategy Series

FxWirePro: how do you deal USD/CHF's lower IVs? - "Condor Spread" could be the answer

Apr 05, 2016 14:15 pm UTC| Technicals

Off-late, Swiss managed to produce an upbeat trade surplus numbers on the flip side. The healthy Swiss trade balance has printed at CHF4.07 billion in February of 2016 from CHF2.29 billion a year earlier and beating market...

FxWirePro: GBP/USD dips below lower range, bearish bias increases

Apr 05, 2016 14:11 pm UTC| Technicals

GBP/USD declined on Tuesday as Sterling hurt by PMI monthly survey of purchasing managers in the service sector made slight improvement in the previous month, but still suggested economy has slowed in first...

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Economy

Russia Stocks End Flat as Energy Shares Support MOEX Index

Russian stocks finished mixed after the close of trading in Moscow on Saturday, with the MOEX Russia Index ending the session unchanged at 0.00%. Market sentiment remained cautious as gains in select energy and utility...

Trump Defends Economic Record in North Carolina as Midterm Election Pressure Mounts

U.S. President Donald Trump traveled to the battleground state of North Carolina on Friday to defend his economic policies and reassure voters that the U.S. economy remains on solid footing, as concerns grow ahead of a...

EU Approves €90 Billion Ukraine Aid as Frozen Russian Asset Plan Stalls

Ukraine welcomed a major European Union decision on Friday to provide 90 billion in financial support over the next two years, a move Kyiv says will significantly strengthen its economic resilience amid the ongoing war...

Kevin Hassett Says Inflation Is Below Target, Backs Trump’s Call for Rate Cuts

White House economic advisor Kevin Hassett said President Donald Trump is correct in claiming inflation is low, despite official data, public sentiment, and many economists suggesting otherwise. Speaking on Fox Business,...

U.S. Stocks End Week Higher as Tech Rally Offsets Consumer Weakness

U.S. stocks closed higher on Friday, recovering from a volatile start to the week as gains in technology and AI-related shares outweighed sharp declines in consumer stocks such as Nike. Major indexes finished in positive...

Politics

Australia Mourns Bondi Beach Hanukkah Attack Victims as Government Orders Security Review

Australia marked a national day of reflection on Sunday to honour the victims of a deadly gun attack that struck a Hanukkah celebration at Sydneys Bondi Beach a week earlier, killing 15 people and injuring dozens more. The...

Venezuela Condemns U.S. Seizure of Oil Tanker as “International Piracy”

The Venezuelan government has strongly condemned the seizure of a new oil tanker near its coast, accusing the United States of committing what it described as a serious act of international piracy. In an official statement...

Bangladesh Mourns Slain Youth Leader as Funeral Draws Thousands Amid Political Unrest

Tens of thousands of Bangladeshis gathered in Dhaka on Saturday to attend the funeral of Sharif Osman Hadi, a slain youth leader and election candidate whose killing has intensified political unrest ahead of the countrys...

U.S. Intercepts Venezuelan Oil Tanker in International Waters Amid Escalating Blockade Tensions

The United States has intercepted an oil tanker in international waters near Venezuela, intensifying tensions just days after President Donald Trump announced a total and complete blockade of sanctioned oil shipments...

Google and Apple Warn U.S. Visa Holders to Avoid International Travel Amid Lengthy Embassy Delays

Alphabets Google and Apple have advised certain employees working in the United States on temporary visas to avoid international travel, as visa stamping delays at U.S. embassies and consulates can now stretch up to 12...

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

U.S. Lawmakers Urge Pentagon to Blacklist More Chinese Tech Firms Over Military Ties

A group of nine Republican U.S. lawmakers has formally urged the Pentagon to expand its list of Chinese companies accused of supporting Chinas military, intensifying scrutiny of Beijing-linked technology firms amid rising...

Dina Powell McCormick Resigns From Meta Board After Eight Months, May Take Advisory Role

Dina Powell McCormick has resigned from Meta Platforms board of directors effective immediately, just eight months after joining the social media company, Meta confirmed on Friday. The unexpected departure comes at a time...

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...

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...

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...