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FxWirePro: EUR/USD trades below 50% Fib levels, bearish in the short term

Jan 04, 2016 14:23 pm UTC| Technicals

EUR /USD after a brief bounce, in the earlier European session has slipped sharply lower after finding resistance at 1.0945 levels. Currently the pair is approaching to test resistance level located at 1.0864. Further...

FX Hedging Strategy Series

FxWirePro: EUR/USD tops IVs among G10, deploy vega puts in diagonal back spreads for tight hedging

Jan 04, 2016 13:22 pm UTC| Technicals

It is unlikely to regard EUROs sustainably higher until there is real domestically generated inflation. Headline inflation has been dragged down by energy prices but even core inflation is soft (particularly in...

FxWirePro: USD/JPY pauses downside momentum, outlook strongly bearish

Jan 04, 2016 13:15 pm UTC| Technicals

USD/JPY declined sharply on Monday, after sellers stepped in, following selloff in Chinese stock market that sent the traders switch to safe heaven currencies like Yen and Swiss franc. The ongoing bearish trend is...

USD/JPY resumes declines; back in ¥118.80 area

Jan 04, 2016 11:45 am UTC| Technicals

The pair was dropping sharply in the risk-aversion session on Monday Risk-off sentiment was further elevated by the geopolitical conflict between Saudi Arabia and Iran Earlier on Monday, Japans manufacturing PMI had...

AUD/CHF Trade Idea

Jan 04, 2016 11:21 am UTC| Technicals

Major Trend line support -0.7195 (trend line joining 0.7057 and 0.7182) The pair has made a temporary top around 0.7030 and started to decline from that level. It is currently trading around 0.7205 level. On the...

Bullion maintains the major resistance level, trading nearby day’s low

Jan 04, 2016 11:14 am UTC| Technicals

Bullion moved higher on Monday, boosted by a sliding US dollar and rising oil prices, after closing the previous year with around a 10% fall. Futures for gold added 1.09% to trade at $1,071.80 per troy ounce over the...

FxWirePro: Strong support for EUR/JPY at 129.67, breaks below could target 128.85

Jan 04, 2016 11:04 am UTC| Technicals

EUR/JPY fell sharply after recent consolidation ended, hit session lows at 129.74 and has since pared some losses to currently trade at 129.94 The pair has strong support at 129.67 (Nov 27 lows), breaks below could...

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Economy

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

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Politics

U.S. Launches Large-Scale Airstrikes on ISIS Targets in Syria After Deadly Attack

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Putin Envoy Heads to Miami for High-Stakes Talks as U.S. Pushes Ukraine Peace Deal

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A Russian missile attack late on Friday struck critical port infrastructure near Ukraines Black Sea port city of Odesa, killing at least seven people and injuring 15 others, according to Ukrainian officials. The attack...

Trump Nominates Lt. Gen. Frank Donovan to Lead U.S. Southern Command Amid Rising Tensions in Latin America

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Brazil Court Allows Bolsonaro Hospital Trip Amid Prison Sentence

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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

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NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

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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

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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...